4 years ago

Suppliers will keep raising prices in a certain market as long as _____.

Business

2 answers:

7nadin3 [17]4 years ago

8 0

Answer: When the excess demand and the quantity demand exceeded the quantity supply

Explanation:

The supplier keep rising the product and the services prices in the market as long as the quantity and the excess demand exceed the supply quantity. The excess supply is the type of situation where the market process are above to the equilibrium prices.

The excess demand of the services and the product happens when the amount provided surpasses the amount requested; surpluses happen when the cost is over the balance cost. The real measure of a decent or administration makers are happy to sell at some particular cost.

denis-greek [22]4 years ago

5 0

Suppliers will keep raising prices as long as there is excess demand, & quantity demanded exceeds the quantity supplied. Hopes this helps

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$\left[\begin{array}{ccc}$Account&$DEBIT&$CREDIT\\$Cash&37,600&-\\$Prepaid insurance&4,600&\\$Office supplies&890&-\\$office equipment&12,900&\\$accouts payable&-&12,900\\$Capital Account&&18,000\\$drawins&3,370&\\$Sales revenue&&36,000\\$Rent expense&7,540&\\$Total&66,900&66,900\\\end{array}\right]$

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We must do ledger for each accounts, most of them only got one transaction so we just post them directly.

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(4,600)

(890)

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Liabilities, equity and revenues into credit column

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