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Drupady [299]
4 years ago
8

Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?

Business
2 answers:
lord [1]4 years ago
6 0

Answer: As prices fall, demand goes up.

The price of the good needs to be increased.  

Explanation:

According to the law of demand, the quantity demand for a good is inversely related to its own price. So, <em>when price falls quantity demanded for the good must go up </em>and when price rises quantity demanded for the good must fall.

When price P2 is lower than the equilibrium price there is disequilibrium in the economy. At P2, demand for the good is greater than its supply. So, in order to achieve equilibrium <em>price of the good needs to be increase </em>till demand for the good is equal to its supply.

Zepler [3.9K]4 years ago
4 0
Even though you didn't share the graph, it is well known fact that you can came across while studying business' aspects - as prices fall, demand stays the same due to the fact that n<span>o agent has an incentive to change its behavior.
And what about the second question, the answer is </span>Q needs to be coordinated with supply so as not to cause the collapse of production
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Answer:

National Franchise Mediation program ( D )

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3 years ago
Aggregation to qualify for a breakpoint is not available to: a a group of family members in the same household that aggregates i
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<h3>What is the investment?</h3>

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In conclusion, An investing club that acquires mutual funds from the same fund family is not eligible for aggregation to qualify for a breakpoint.

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5 0
2 years ago
High Shore Inc. adopts a new technology purely out of social pressure. In this case, High Shore Inc. would be classified as part
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<span>High Shore Inc. adopts a new technology purely out of social pressure. In this case, High Shore Inc. would be classified as part of the early group of adopters of new technology. Those that adopt a new technology early on, typically tend to be more profitable but also more critical. Though the adaptation came from social pressure, High Shore Inc. still has expectations that the technology needs to meet to maintain their companies growing needs. </span>
5 0
4 years ago
Adam Smith, the father of
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Answer:

The "diamond-water" paradox.

Explanation:

Adam Smith in his book <em>The wealth of nations</em> posted a question consisting the comparison between the price of diamond and water.

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June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 80 units that cost $20
inn [45]

Answer: 200 units

Explanation:

Beginning inventory                                      80 units.

Company Purchases                                     <u>480 units</u>

Total                                                                560 units

Sales                                                               <u>(360 units)</u>

Ending Inventory                                            200 units

200 units remain in Ending inventory.

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