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SashulF [63]
3 years ago
8

In a market with an upward sloping supply curve and a downward sloping demand curve, when there is an excess supply, the actual

price must be higher than the equilibrium price. the actual price must be lower than the equilibrium price. the quantity demanded is higher than the equilibrium quantity.
Business
1 answer:
erik [133]3 years ago
7 0

Answer:

The correct answer is: the actual price is higher than equilibrium price.

Explanation:

With a downward sloping demand curve and upward-sloping supply curve, excess supply means that the supply is more than quantity demanded. The actual price is higher than the equilibrium price level.  

We are aware that price and supply are directly related, so the firms will supply more at a higher price. But price and quantity demanded are inversely related, so at higher price, the consumers will demand less quantity of the product.  

Thus excess supply is created in the market at a price higher than the equilibrium price.

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In addition to the problems stated here, what other issue contributed to the problems faced by Native Americans on the Great Pla
frez [133]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
i think the answer is B which is <span>Timber land was harvested, robbing Native Americans of a valuable resource</span>
5 0
2 years ago
A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly s
posledela

Answer:

exporting

Explanation:

The exporting refers to the trade in which the goods and services are produced and sold to the another country. In this, the person who sells the goods and services is known as exporter while the foreign buyer who buyed the goods and services is known as importer

According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services

Hence, the option C is correct

5 0
2 years ago
A company purchased factory equipment on June 1, 2021, for $173000. It is estimated that the equipment will have a $8600 salvage
Mandarinka [93]

The amount to be recorded as depreciation expense on December 31, 2021, is (B) $9,590.

<h3>What is depreciation expense?</h3>
  • Depreciation expense is the cost of a depreciated asset for a specific period, and it reveals how much of the asset's value was used up in that year.
  • Accumulated depreciation is the entire amount of depreciation expense given to an asset since it was placed in service.
  • A business spends $84,000 on new display racks with a useful life of 7 years (84 months) and no residual value.
  • The corporation would most likely choose a straight-line depreciation technique, which would result in a $1,000 monthly depreciation expenditure ($84,000/84 months = $1,000 per month).

The straight-line technique of calculating depreciation expense is given below:

  • = (Original cost - salvage value) ÷ (useful life)
  • = ($173,000 - $8,600) ÷ (10 years)
  • = ($164,400,000) ÷ (10 years)  
  • = $16,440

In this method, the depreciation is the same for all the remaining useful life.

Now for the 7 months, the depreciation expense would be:

  • = $16,440 × 7 months÷ 12 months
  • = $9,590

Therefore, the amount to be recorded as depreciation expense on December 31, 2021, is (B) $9,590.

Know more about depreciation expenses here:

brainly.com/question/25785586

#SPJ4

The correct question is given below:

A company purchased factory equipment on June 1, 2021, for $173000. It is estimated that the equipment will have a $8600 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2021, is ______.

(A) $16440.

(B)$9590.

(C)$8220.

(D)$6850.

7 0
1 year ago
What are 2 types of goods/services that lends themselves well to non-price competition?
Luden [163]
<h2>Answer:Non-price competition typically involves promotional expenditures (such as advertising, selling staff, the locations convenience, sales promotions, coupons, special orders, or free gifts), marketing research, new product development, and brand management costs.</h2>

Explanation:

4 0
3 years ago
1. What is the relationship between forward rates and the market’s expectation of future short rates? Explain in the context of
Dvinal [7]

Through the expectations hypothesis and the liquidity preference theory of the term structure of interest rates, liquidity must be zero for the forward rate to be equal to the expectations of future short rates.

<h3 /><h3>What is expectation theory?</h3>

Corresponds to a forecast of short-term interest rates by analyzing them against current long-term interest rates.

Therefore, it is a theory used to assist in better understanding and forecasting short-term securities trading in the future.

Find out more about expectation theory here:

brainly.com/question/20630240

#SPJ1

6 0
2 years ago
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