If the price of a product falls to what is considered a bargain price, a shortage would occur.
A shortage occurs when the quantity demanded exceeds the quantity supplied. A shortage occurs when price is below the equilibrium price.
A surplus is when the quantity supplied exceeds the quantity demanded. A surplus occurs when price is above the equilibrium price.
When the price of a good falls to what is considered a bargain price by consumers, it means that the price of the good is below the equilibrium price.
When the price of a good is below equilibrium, quantity supplied would fall and the quantity demanded would exceed supply. As a result, there would be a shortage.
To learn more about shortage, please check: brainly.com/question/16137233?referrer=searchResults
Arch duke of Fran's Ferdinand. Hope this helps
The opposite of a non convertible currency would be a convertible one
Dr Retained Earnings $5400
Cr Common Dividends Payable $5400
is the journal entry.
<h3>What is
outstanding share?</h3>
Share outstanding concerns to the company's current stock, which is occurred by the all of its shareholder. including fund managers' share blocks and restrictive investments made by the company's officials and personnel.
On a any company's balance sheet, Capital Stock is the main heading in which outstanding shares are listed.
Thus, the journal entry has passed above.
For more details about outstanding share, click here:
brainly.com/question/18568835
#SPJ1
Answer:
penetration pricing and skimming pricing
