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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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intrapreneurs

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An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company's future.

The intrapreneur is generally given autonomy to work on a project that may have a considerable impact on the company. Over time, an intrapreneur may turn into an entrepreneur.

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3 years ago
"sends an employee to the bank four times per day to make deposits in an interest-bearing account that protects the store's reve
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Answer:

Shoe Leather Cost

Explanation:

The effort and time spent to eliminate the effect of the inflation is known as Shoe leather cost.

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3 years ago
If promotion is used to successfully stimulate demand, the producer should be able to produce and market products in larger quan
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If promotion is used to successfully stimulate demand, the producer should be able to produce and market products in larger quantities and thus reduce per-unit production research and development, overhead, and marketing costs, which can result in lower prices

<h3>What is marketing?</h3>

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Brand marketing is a method of promoting your product or service by promoting your entire brand. Essentially, it tells the story of your service or product by emphasizing your entire brand.

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Current and former customers' feedback can help identify areas for improvement.

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2 years ago
In latvia, only one six-lane highway exists, connecting riga, its capital, with moscow. otherwise, the roads are two lanes and m
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The answer is infrastructure.

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6 0
3 years ago
An ad in the newspaper claims that the price of milk will increase next week. At the same time, a new and improved pasteurizatio
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Equilibrium quantity will increase; the effect on price is ambiguous.

<h3><u>Explanation:</u></h3>

When there is a situation in which the supply and the demand for any product is equal then it is said to be Equilibrium quantity. When there is an intersection where the supply and demand curves meets each other it give rise to the state of equilibrium.

In the given example, there are two cases such as the price of the milk will rise which is published in newspaper and the production efficiency of the milk is improved with a new and improved pasteurization process. From these two effects we can conclude that Equilibrium quantity will increase; the effect on price is ambiguous.

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