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mash [69]
3 years ago
9

In the corn market, demand often exceeds supply and supply sometimes exceeds demand. The price of corn rises and falls in respon

se to changes in supply and demand." In which of these two statements are the terns "demand" and "supply" being used correctly?
(a) in neither statement
(b) in the second statenent
(c) in the first statement
(d) in both statements
Business
1 answer:
Genrish500 [490]3 years ago
6 0

Answer:

d) in both statements

Explanation:

Demand is individual buyer's ability & willingness to buy a good, at given price, period of time. Supply is individual seller's ability & willingness to sell a good, at a given price, period of time.

Market Demand is all market buyers' ability & willingness to buy a good, at given price, period of time. It is horizontal, i.e quantity summation of individual demand curves, at respective prices.

Market Supply is all market sellers' ability & willingness to sell a good, at a given price, period of time. It is horizontal, i.e quantity summation of individual supply curves, at respective prices.

Market Equilibrium prices are quantities are determined based on, Market Demand & Market Supply equalisation (not individual demand, supply). So, 'in the corn market' , 'price of corn' are  determined by market demand & market supply. Hence, using 'demand' & 'supply' in both statements is inapt.

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Answer:

<em>Provide clear statements</em>

<em>The government can pay for projects to create work</em>

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Consider the case of the following annuities, and the need to compute either their expected rate of return or duration.
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Answer:

1. 5.00%

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Explanation:

As per the data given in the question,

1)  For computing the interest rate we need to applied the RATE formula which is shown in the attached spreadsheet

Given that

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Present value = -$2587.09

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NPER = 3  years

The formula is shown below:

= RATE(NPER;PMT;-PV;FV)

The present value comes in negative

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3 years ago
Will the current market situation cause the price to go up, go down, or stay the same?
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Oriole Company was formed on December 1, 2019. The following information is available from Oriole's inventory record for Product
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Answer:

FIFO Ending Inventory $ 64900

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Oriole Company

Date                         Particulars        Units       Unit Cost       Total Cost

January 1, (beginning inventory)    2,000              $15         30,000

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February 16,        Purchases:           1,100                 $19        20900

<u>March 15,               Purchases:         2,200              $20        44000</u>

<u>Total                                                10,000                            $ 177000  </u>

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FIFO Ending Inventory $ 64900

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