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
Nataly [62]
3 years ago
5

If the current price of a product is below the market equilibrium​ price, there is​ ________ of this product.

Business
1 answer:
Svetach [21]3 years ago
7 0

Answer:

Excess demand

Explanation:

The equilibrium price is the price at which demand equals supply.

If price is below equilibrium price, it means the price is lesser than the equilibrium price, therefore the quantity demanded would increase.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

If price is below equilibrium price, the quantity supplied would fall.

I hope my answer helps you.

You might be interested in
Jim is CEO for a company that produces filing cabinets and office furniture. He uses when determining that in order to increase
Anon25 [30]

Answer:

planning

Explanation:

Based on the information provided within the question it can be said that in this scenario Jim is using the function of planning in order to determine this. The planning management function focuses on thinking ahead in order to set things into motion so that everything functions accordingly and efficiently in the future. Which is what Jim is doing by stating that in order to increase the production by 20% like they need, they have to hire 10 new employees.

3 0
3 years ago
Which of the following is not a business entity
notka56 [123]
Um what’s the answer choices?
4 0
3 years ago
The current account is best defined as:
stiks02 [169]

Answer:

The account that includes transactions like imports and exports, income earned by Americans abroad, and net transfers to other countries.

Explanation:

A current account can be defined as an account that record the different transactions a country carries out with another country. A current account comprises of net primary income, earnings from foreign investors that have occurred within a particular period of time.

Almost all countries are involved in trading of goods and services with another country, a current account helps to evaluate the manner in which a particular country traded their different goods with foreign markets.There tends to be a postive balance of a country exports more goods than it imports.

4 0
3 years ago
PLEASE HELP ASAP!!!! CORRECT ANSWERS ONLY PLEASE!!!!
inessss [21]
Omg! Do you do k12? Me too!
Financing is usually investing in businesses. So looking at the answers. . . 
I think it's using a credit card to pay for purchases.
If it's wrong I completely apologize! 
Hoping this helps!
8 0
4 years ago
Colossal Beverages Company sells two​ products, A and B. Mist predicts that it will sell 3 comma 000 units of A and 1 comma 500
Anastaziya [24]

Answer:

Weighted average contribution margin= $4.26

Explanation:

Giving the following information:

Colossal Beverages Company sells two​ products, A and B.

Mist predicts that it will sell 3,000 units of A and 1, 500 units of B during the next period. The unit contribution margins are $ 4.00 and $ 4.80 for products A and​ B, respectively.

Total units= 4,500

Weighted average sales A= 3,000/4,500= 0.67

Weighted average sales B= 1,500/4,500= 0.33

Weighted average contribution margin= (0.67*4 + 0.33*4.8)= $4.26

6 0
4 years ago
Other questions:
  • You must drive at a speed
    15·1 answer
  • The bulk of costs related to legal expenses come from: a. Photocopying b. Online research through legal subscription services c.
    5·1 answer
  • Which of the following occupations is among the 10 projected most rapidly declining U.S. occupations in terms of percentage decr
    14·1 answer
  • Jacques lives in Denver and runs a business that sells guitars. In an average year, he receives $731,000 from selling guitars. O
    8·1 answer
  • Martha used a SWOT analysis to assess her own internal business plan. Her store would cater to students who could also use the l
    8·1 answer
  • Someone help me on some marketing questions
    8·1 answer
  • Matching Question Match the following activities to their effect on the general ledger accounts. Allocate indirect labor Allocat
    9·1 answer
  • The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on
    5·1 answer
  • In the Capacity Allocation problem with two classes, companies have to determine Group of answer choices How many discount custo
    6·1 answer
  • True or false :Equifax experian and transunion are legally obligated to provide identical information
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!