1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ber [7]
3 years ago
9

If the average market price for an item is higher than the equilibrium price,

Business
1 answer:
MrRa [10]3 years ago
8 0

Answer:

D. More product will be produced than consumers want to purchase.

Explanation:

The supply curve for any good slopes upward: the higher the price, the more quantity is produced.

The demand curve for any good slopes downward: the higher the price, the less quantity is produced.

For this reason, if the average market price is higher than the equilibrium price (the equilibrium price is the price where supply and demand are equal), then, supply will be higher than demand, because producers will be enticed by the higher price.

However, this supply will not meed demand, creating excess output, or excess supply.

You might be interested in
Walmart tracks the habits of the 100 million customers who visit it stores each week and responds with products and services dir
allsm [11]

Answer: database

Explanation: By tracking the habits of the 100 million customers who visit it stores each week and by responding with products and services directed toward those customers' needs based on the information collected, Walmart is engaged in database marketing.

A database is simply a collection of (usually) organised information in a regular structure, usually but not necessarily in a machine-readable format accessible by a computer. The details of customers both previous and potential, contained in a database can be used in direct marketing to generate personalized communications for promoting a product or service for marketing purposes. As such, the practice leverages customer data to deliver more personalized, relevant and effective marketing messages to customers making marketing communications more targeted, efficient, personalized, and an opportunity to improve customer service and experience.

7 0
4 years ago
What do you think happens to the price of an object as it goes through a large number of intermediaries?
Mrac [35]
Because the manufacturer is also the entity selling the good or service, prices tend to be lower in a direct distribution channel. Indirect channels, on the other hand, generally see higher prices because of the number of intermediaries involved. The more there are, the higher the price.
6 0
3 years ago
Rebecca Minkoff's integration of technology and fashion has resulted in innovate products and an enjoyable shopping experience t
fiasKO [112]

The question is incomplete. The complete question is:

Rebecca Minkoff's integration of technology and fashion has resulted in innovate products and an enjoyable shopping experience that stands out in the world of retail fashion. This illustrates _______.

a.multi-channel retailing

b.retail positioning

c.category management

d.atmospherics

e.store image

Answer:

Retail positioning

Explanation:

Retail positioning helps to differentiate a particular retailer from its competitors due to the various unique features possessed by the retailer.

This type of positioning helps to provide a high competitive advantage to the retailer by differentiating the business from the rest of it's competitors.

An effective positioning strategy can contribute immensely to a retailer's overall success in the market.

Rebecca Minkoff's integration of technology and fashion has positioned her in a top level in the retail market, it has made her business stand out among her competitors.

3 0
3 years ago
Read 2 more answers
An asset (not an automobile) put in service in June 2019 has a depreciable basis of $1,035,000, a recovery period of 5 years, an
Irina18 [472]

Answer:

The maximum deduction is $207,000.

Explanation:

As per MACRS depreciation table 5 years half year conversion depreciation rate for first year is 20% - 100%/5 = 20%

The maximum deduction is $1,035,000 * 20% = $207,000

7 0
4 years ago
Which of the following should not be recorded in income and expenditure account?
kirill [66]

Answer:

C. honorarium paid to the secretary

Explanation:

6 0
3 years ago
Other questions:
  • The following ledger accounts are used by the Heartland Race Track
    8·1 answer
  • When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amou
    8·1 answer
  • What is the best reason for why someone would want to
    11·1 answer
  • Which of the following statements is false? A) Battery acid cannot be neutralized B) Batteries should never be stored on metal t
    8·1 answer
  • Circus Pizza contracted with Art to run its birthday parties. Art's responsibilities included supervising the children and organ
    15·1 answer
  • Those dealing with appliance
    12·1 answer
  • Which of the following is an outcome of the General Agreement on Tariffs and Trades​ (GATT) and created global rules of trade be
    11·1 answer
  • 1. When consolidating the accounts of a parent and subsidiary in subsequent years, eliminating entry (O) recognizes total write-
    9·1 answer
  • Project A requires a $280,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The com
    14·1 answer
  • Pajama Corp. uses direct materials (fabric, thread, buttons), and direct labor (cutting, sewing labor) to make each pair of paja
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!