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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.

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Dressing well, being prepared, having a positive attitude, arriving early for work and asking good questions.

Explanation:

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What problem makes public goods necessary?
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There are several problems that make public goods necessary, but the primary one is that without access to certain public goods and services like parks and schools, poor people would have practically no chance at advancement. 
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How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than igno
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Answer: The best way to ensure that your company has read and understand the code of ethics is to establish a policy for employees to read it every year and that at the end of the reading, take a knowledge test with a minimum of 90% to pass.

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8 0
3 years ago
Suppose that the exchange rate between the U.S. dollar and the Mexican peso starts out at $0.12 per peso, and then changes to $0
Likurg_2 [28]

Answer:

The result will be that Americans will buy more pesos because Mexican goods become relatively less expensive.

Explanation:

If the exchange rate between the U.S. dollar and the Mexican peso starts out at $0.12 per peso, and then changes to $0.09 per peso it means that people would receive more Mexican pesos for its dollars as 1 peso used to cost $0.12 and it now costs $0.09. If a product costs $100 pesos, when the exchange rate is $0.12 per peso, it costs Americans $12 pesos and when the exchange rate is $0.09 per peso, it costs $9 pesos which indicates that the price of the product decreases. This means that Mexican products will be cheaper for Americans and because of that the answer is that Americans will buy more pesos because Mexican goods become relatively less expensive.

6 0
3 years ago
The articles of partnership stipulate that profits and losses be assigned in the following manner: ∙ Each partner is allocated i
Alenkasestr [34]

Answer:

$80,700

Explanation:

A partnership begins its first year with the following capital balances:

  • Alfred, Capital $50,000
  • Bernard, Capital $60,000
  • Collins, Capital $70,000

the partnership's net profits should be allocated the following way (drawings made by the partners should decrease their basis, but since the company made a profit they can be included in this distribution)

net income $60,000

partners' drawings plus salaries:

  • Alfred ⇒ $5,000
  • Bernard ⇒ $18,000 + $5,000 = $23,000
  • Collins ⇒ $5,000

interests owed to partners:

  • Alfred ⇒ $50,000 x 5% = $2,500
  • Bernard ⇒ $60,000 x 5% =  $3,000
  • Collins ⇒ $70,000 x 5% =  $3,500

the remaining $18,000 should be distributed:

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  • Bernard ⇒ $18,000 + 30% = $5,400
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Collins's basis should increase by $3,500 + $7,200 = $10,700, ending balance = $70,000 + $10,700 = $80,700

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3 years ago
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