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.
2 answers:
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.
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Answer:
$14.96
Explanation:
Shipping and handling charges are attached.
Given: Discounted price= $65.55.
Regular sales price= $77.77
Sales tax= 6%.
Now, find the cost of coat after tax.
Cost of coat=
⇒ Cost of coat=
Adding shipping charges to the cost=
Hence, cost of coat after tax and shipping charges= $91.39.
Next finding total cost of coat if sold at discount after tax.
Cost of coat at discounted price after tax=
⇒ Cost of coat at discounted price after tax=
⇒ Cost of coat at discounted price after tax=
Adding shipping charges to the cost of coat=
Hence, cost of coat at discounted price after tax and shipping charges= $76.43.
Finding saving amount by ordering coat at the sale price or discounted price.
∴ Saving =
Saving=
Hene, Total saving by ordering coat at the sale price is $14.96
