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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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Which of the following statements is true of a linear cost​ function? A. It presents total cost as an intercept. B. It presents
mixer [17]

Answer:

Option B It presents variable cost as a slope coefficient

Explanation:

The reason is that the total cost function is:

Y = a + bx

The total cost in this case is Y, a is fixed cost as an intercept, b is variable cost represented as an slope and coefficient and x is level of activity which is independent of Y.

So the right answer is option B.

8 0
3 years ago
Recognizing the importance of small businesses, Congress created the _____ to offer direct services to owners of these enterpris
nevsk [136]
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4 years ago
A(n) ___________ is the development of a product that is closely related to one or more products in the existing product line bu
Nutka1998 [239]

Answer:

b) line extension

Explanation:

this is definition so I can't tell you any clearer.

if you wish to deeper on what is line extension, I suggest you to read more in this link https://en.wikipedia.org/wiki/Product_line_extension

5 0
4 years ago
A bond has a market price that exceeds its face value. Which of the following features currently apply to this bond?
Setler79 [48]

Answer: II. premium price

A bond which has a market price higher than its face value is said to be trading on a premium price. Which means that people are willing to pay more to buy the bond.

IV. yield-to-maturity that is less than the coupon rate

This is also correct because a bond sells higher than its face value when the yield to maturity also known as the bonds internal rate of return is lower than the coupon rate, which means that the bond is paying higher coupons than it needs to attract investors, and because of this investors are willing to pay a premium on it.

Explanation:

8 0
3 years ago
Communication response time must be faster than in the past to succeed in the modern workplace. please select the best answer fr
Setler [38]

Due to the nature of the work environment now, it is true that communication response time must be faster than in the past to succeed in the modern workplace.

<h3>What is communication response time?</h3>

Communication response time refers to the time it takes for information passed between two or more persons to be received, processed and responded to by the individuals receiving the information.

The current work environment is fast-paced and requires faster communication response time.

Therefore, it is true that communication response time must be faster than in the past to succeed in the modern workplace.

Learn more about communication at: brainly.com/question/26152499

#SPJ4

6 0
2 years ago
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