All categories

3 years ago

How do price changes drive markets toward equilibrium?

1 answer:

7 0

The right answer for the question that is being asked and shown above is that: "b. They increase or decrease supply or demand." price changes drive markets toward equilibrium is that <span>b. They increase or decrease supply or demand.</span>

You might be interested in

Judy Billows, owner of Billows Manufacturing has called a meeting with her department heads. She presents last year's contributi

Stels [109]

Answer:

She Presents Last Year's Contribution Margin Income Statement (see Below), Which Is Based On A Sales Volume Of 100,000 Units (one Product Offering) And Operating Income Of $125,000. ... Judy Billows, owner of Billows Manufacturing has called a meeting with her department heads. She

Explanation:

3 0

4 years ago

Read 2 more answers

During August, Department Z started and completed 90,000 units and also finished 18,000 units that were 75% completed on July 31

shutvik [7]

Answer:

106,200 units

Explanation:

During August,

Department Z started and completed = 90,000 units

Finished units = 18,000 units

Ending inventory = 26,000 units

The number of equivalent units of production for Department Z during August:

= Started and completed units + (25% of finished units) + (45% of Ending inventory)

= 90,000 + (18,000 × 0.25) + (26,000 × 0.45)

= 90,000 + 4,500 + 11,700

= 106,200 units

4 0

4 years ago

careers in the STEM cluster are careers associated with: Question 20 options: science, technology, engineering, mathematics scie

skad [1K]

Answer:

science, technology, engineering, mathematics

4 0

3 years ago

Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December

Komok [63]

Answer:

b. 240,000

Explanation:

Calculation to determine the total amount of working capital

First step is to calculate the Current assets

Using this formula

Current assets = Cash + Accounts receivable + Inventory + Prepaid insurance

Let plug in the formula

Current assets= $70,000 + 100,000 + 140,000 + 80,000

Current assets= $390000

Second step is to calculate the Current liabilities using this formula

Current liabilities = Accounts payable + Salaries and wages payable

Let plug in the formula

Current liabilities= $130,000 + 20,000

Current liabilities= $75,000

Now let calculate the working capital using this formula

Working capital = Current assets - Current liabilities

Let plug in the formula

Working capital = $390,000 - 150,000

Working capital = $240,000

Therefore the Working capital is $240,000

4 0

3 years ago

To have a monopoly, barriers to entering the market must be so high that no other firms can enter. Do network externalites crea

luda_lava [24]

Answer: Option D

Explanation: Network externalities are indeed an economic principle that defines the conditions in which a product or service's value increases or decreases as the number of customers increases or declines.

As the availability of an item raises the price of the product falls it becomes less valuable, according to the traditional economic theory. This is termed "positive externalities of the network" or "network influence."

Thus, somehow it creates barriers for other firms by prepairng a strong customer base for an experienced firm.

8 0

3 years ago