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3 years ago

How do businesses determine the equilibrium price of a good or service?

Business

1 answer:

Helen [10]3 years ago

6 0

Answer:

C. They set a price where the demand matches the quantity they are

willing to supply

Explanation:

The equilibrium price is the current market price as determined by supply and demand forces. It is the price at which buyers are happy to buy the entire supplied quantities. Suppliers are also happy to sell that quantity at the set price. The equilibrium price is, therefore, the intersection of the demand and supply curves.

At the equilibrium price, there is no excess or short supply of a product in the market.

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After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial

yuradex [85]

Answer:

Analyzing the client's personal and financial circumstances.

Explanation:

The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.

8 0

3 years ago

We see quite a bit of international trade in the real world. And trade is driven by specialization. So why don’t we see full spe

Alenkasestr [34]

Answer:

e. Deterring monopoly

Explanation:

Based on the information provided within the question it can be said that the best choice would be that it is deterring monopoly. Monopolies refer to having full control of an industry and being the the only supplier or producer of a certain good. This is always bad because monopoly's are able to set whatever price they want on their products because there is no competition to steal away customers.

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3 years ago

Thirty-year-old Henry tells his wife that he has 51,000,000 saved already. She tells him they should go on a big vacation soon.

Dimas [21]

Answer:

Explanation:

5 0

3 years ago

The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold $ 159,000 Income Tax

Kryger [21]

Answer:

Income Statement is attached in the pictures.

Explanation:

5 0

3 years ago

Let's think about billions by looking at Bill Gates, president of Microsoft. One year, his personal wealth grew by $20 billion.

marta [7]

Answer:

No, he should not pick up the $100 bill

Explanation:

If his salary were those $20 billion (20,000,000,000) by a year. Let's find out how much this is by a second.

First let's find out how much is that salary by a day, then by an hour, then by a minute and finally by a second.

$\frac{20,000,000,000}{year}*(\frac{1 year}{365d})*(\frac{1d}{24h})*(\frac{1}{60min} )*(\frac{1min}{60s} ) \\\\ =\frac{20,000,000,000}{365*24*60*60} \\ \\ =\frac{20,000,000,000}{31,536,000} \\ \\ =634.19$

So he would be losing money if he picks up the $100 bill, because he would be missing 634 dollars per second.

6 0

3 years ago