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Mashutka [201]
3 years ago
6

How supply and demand work together to reach the equilibrium price in the marketplace? Please give at least a paragraph. Thank y

ou!
Business
2 answers:
Arte-miy333 [17]3 years ago
8 0

Answer/Explanation

Supply and demand is one of the most basic and fundamental concepts of ... the most basic and fundamental concepts of economics and of a market economy. ... then become too expensive, demand will go down at that price and the price ... These are examples of how the law of supply and demand works in the real world.

grandymaker [24]3 years ago
6 0

Answer

Before I answer this question, you must note that the equilibrium price is created by both the amount supplied of a certain product as well as how much "customers" there are (or the amount that is bought in all).  This however, is usually not taking account any potential competitors.

For example, let say that the price in creating the product (or buying) is $15. This means that right now, the company loses $15 for one of the products. To make a profit, the selling price must be >$15. However, (unless they are a monopoly, such as, for example, electrical companies) there are competitors that they must fight with to get customers. Of course, there are other things that can affect the price, depending on the demographic and area.

So how does supply and demand affect the equilibrium price? The limits of the supply & the amount of demand would help determine the price by the amount of people buying and the supply of the product.

~

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mrs_skeptik [129]
The Bay of Pigs Invasion was a foreign policy embarrassment for the Kennedy Administration.
When John Kennedy assumed the presidency after Dwight Eisenhower, he was faced with the pressure to act on Cuban dictator Fidel Castro's growing relationship with the Soviet Union (yet another of US' formidable enemies).
His senior advisers urged him to authorize the attack on Cuba and initiate a movement to overthrow Fidel Castro. This played on Kennedy's foreign principle which is for Democratic countries such the US to show a strong force against dictatorships like Castro's. In April 1961, the invasion at the Bay of Pigs failed extremely. Castro was quick to mobilize his militia to counter Kennedy's botched plan. Aside from this, Kennedy made some worst decisions that nailed the coffin shut. Thus the Kennedy Administration suffered a lot of damage due to this failure. 

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3 years ago
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A company that continually adds more features to an existing product to try to appeal to more customers may end up overwhelming
LuckyWell [14K]

A company that continually adds more features to an existing product to try to appeal to more customers may end up overwhelming customers and create an unintended consequence known as Feature fatigue.

<h3>What is Feature fatigue?</h3>
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  • It is a phenomenon of the modern-day brought about by the increase in the number of features included in goods and services.
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To learn more about Feature fatigue refer to:

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Which of the following is a true statement about an auditor’s responsibility regarding consideration of fraud in a financial sta
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Answer:

D. The auditor should assess the risks of material mis-statement due to fraud.

Explanation:

At the time of auditor visit in a company the financial statement represent that the company has done the fraud in this scenario, the auditor should analyze the material misstatement risk that is done for fraud

Therefore in the given case, the option D is correct as the auditor responsibility is that he or she should analyze the risk with respect to the false statements presented in the financial statement

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3 years ago
Suppose your bank account pays interest monthly with an effective annual rate of 6%. What amount of interest will you earn each m
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Answer:

0.4868%

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Explanation:

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a. EAR = 6%

Thus,

Equivalent monthly rate = (1 + r)^n - 1

Where r = EAR

Therefore

= (1 + 0.06)^1/12 - 1

= 1.0048675 - 1

= 0.0048675 × 100

= 0.4868%

b. Given that

Monthly rate = 0.4868%

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Recall that

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Where

C = payment

Therefore

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C = 100,000/(1/0.004868) × ([1 + 0.004868]^120 - 1)

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