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konstantin123 [22]
3 years ago
12

The graph shows excess demand. A graph titled Excess supply has quantity on the x-axis and price on the y-axis. A line with posi

tive slope represents supply and a line with negative slope represents demand. The lines intersect at the point of equilibrium (p star, Q star). A point on the demand line is (P 2, quantity demanded) and a point on the supply line is (P 2, quantity supplied). Both points are lower than the point of equilibrium. Excess demand is indicated between the 2 points. Which needs to happen in order to stop disequilibrium from occurring? Q needs to be coordinated with supply. Q needs to be coordinated with demand. The price of goods needs to be increased. The price of goods needs to be decreased.

Business
2 answers:
Anton [14]3 years ago
4 0

Answer:the firm should increase price

Explanation:

From the question there is a shortage i.e Demand is greater than Supply, the firm should increase the price of the product which would induce suppliers to increase their supply.

The increase in price would lead to a movement along the demand curve with would in turn correct the disequilibrium.

sergij07 [2.7K]3 years ago
4 0

Answer:

1st one: Disequilibrium

2nd one: Demand

3rd one: Higher prices

Explanation:

Hope this helps

edge2020

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In the trial balance for March, you see that Notes Receivable-Fast Feet Co. has a negative balance of $135, which would seem to
eduard

Answer:

Explanation:

1. The computation of the term of the note is shown below:

It is computed from the November 19 to March 19

So,

November - 11 days

December - 31 days

January - 31 days

February - 28 days

March - 19 days

Total - 120 days

2. In this part, we apply the simple interest formula which is shown below:

Simple interest = Principal × interest rate × (number of days ÷ total number of days in a year)

$135 = $4,500 × interest rate × 120 days ÷ 360 days

$135 = $4,500 × interest rate × 0.3333

So, the interest rate is 9%

We assume the 360 days in a year

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3. The journal entry is shown below:

Interest expense A/c Dr

      To Interest payable

(Being the interest expense is recorded)

The computation of the interest expense is shown below:

= November note receivable × interest rate × (number of days ÷ total number of days in a year)

= $4,500 × 9% × 42 days ÷ 360 days

= $47.25

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