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timama [110]
3 years ago
15

Excess supply is created when price or move away from the equilibrium point.

Business
2 answers:
ElenaW [278]3 years ago
7 0

D Quantity thats probably yo answerrr idk bro

adell [148]3 years ago
6 0

Answer:

D) Quantity

Explanation:

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All else being equal, does elastic or inelastic demand curve result in higher social surplus? How does elasticity of supply affe
disa [49]

Answer:

An elastic demand curve will result in higher social surplus. Social surplus equals consumer surplus plus supplier surplus, or simply total surplus. The highest possible social surplus is reached at the equilibrium point.

If a product's demand is completely inelastic, the supplier can increase the price at will, reducing consumer surplus to minimum levels. If a product's demand is completely elastic, then consumer surplus increases while supplier surplus is directly related to shifts in the demand. Higher demand increases supplier surplus.

7 0
3 years ago
What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays th
Nady [450]
When supply goes down, the equilibrium price goes up. This is because if there is a smaller supply the good becomes more valuable to people who want the good.
4 0
3 years ago
You’re a broker writing an mls policy for your firm. which would you likely want to include?
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You’re a broker writing an MLS policy for your firm.  When and if listing data should be submitted to you for approval, want to include it.

Some listing services offer more exposure to resellers and more options for agents to represent buyers. In return, both brokers receive a sales commission.MLS regulations permit MLS data to be made available to MLS on additional Her websites unless otherwise directed by MLS's administrator.

MLS enables agents and brokers within a particular market to exchange information about real estate listings. It's useful for home sellers because it helps expose properties to a wider audience.

Learn more about data  here: brainly.com/question/24309209

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5 0
1 year ago
AP Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recognized after ea
MissTica

Answer:i just want the points sorrry

7 0
3 years ago
Read 2 more answers
Rice company has a unit selling price of $520, variable costs per unit of $286, and fixed costs of $163,800. compute the break-e
larisa [96]
Selling price = p = 520
variable cost per unit = vc = 286
fixed cost = fc = 163,800.
unit sold = x

520 * x = 286 * x + 163,800
520x = 286x + 163,8000
520x - 286x = 163,800
234x = 163,800

x = 163,800 / 234 = 700 units to reach break even point.
unit contribution margin = p - vc = 520 - 286 = 234 per unit.

5 0
2 years ago
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