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
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.

You might be interested in
Analyze a local space that is open to the public. It can be a store or mall, a club, restaurant, or a school (like COC), perhaps
enyata [817]

Answer:

Local spaces open for public to help them with social activities. Parks, gyms, store, mall and clubs are some of local spaces which are open to everyone for gaining relaxation in their leisure time.

Explanation:

People are busy in weekdays and they need some place for relaxation on weekend. There are many places which provide with recreational activities for people to relax and spend their weekends with their family.

7 0
3 years ago
Terri davis is planning to buy a new car. While on the internet she learned that the car has a base price of $16,007, options th
eduard
I’m pretty sure that the answer is 17,621.66
5 0
3 years ago
1. What are the three stages in strategic management? Which stage is more analytical? Which relies most on empowerment to be suc
valkas [14]

Answer:

strategic management: strategy formulation, strategy implementation, and evaluation and control.

3 0
3 years ago
An adaptation of roasting that allows foods to take on a rich, smoky flavor is called
Sergeu [11.5K]

Answer:

c. smoke-roasting

Explanation:

nuggets

7 0
3 years ago
The PE ratio: Assuming Net Income for the year is $250,000, what is the net cash flows from operating activities given the follo
solmaris [256]

Answer:

Net operating cash flow = $189,250

Explanation:

Particulars                                    Amount$

Net income                                    250,000

Add:depreciation expense           9,500

Add:loss on sale of asset              1,250

Add:increase in salary payable    19,500

Less:increase in prepaid rent       (27,500)

Add:increase in AP                        29,500

Less:increase in inventory            <u>(93,000)</u>

Net operating cash flow              <u>$189,250</u>

4 0
3 years ago
Other questions:
  • If a firm shuts​ down, it A. will earn enough revenue to cover its variable costs but not all of its fixed costs. B. will produc
    12·1 answer
  • In 1776, an economics book titled was published to promote the concept of free enterprise.
    6·2 answers
  • Amber is in charge of preparing an annual budget for her company. As part ofthe budgeting process, she must estimate cost of goo
    12·1 answer
  • Lori Nichols started an engineering firm, Engineering Enterprises P.C. During its first month of operations, the following trans
    5·1 answer
  • Joe, a human resources specialist for Jersey Office Supplies Co., rides along with the furniture delivery people to observe the
    12·1 answer
  • In Coronado Company, total materials costs are $38,000, and total conversion costs are $54,480. Equivalent units of production a
    8·1 answer
  • On the Navigation Bar, which of the following would you select to enter inventory item maintenance information?
    6·1 answer
  • If a company offers many opportunities for career advancement and expects its jobs to change a lot in the next five years, then
    15·1 answer
  • On January 1, 2003, Lane, Inc. acquires equipment for $100,000 with an estimated ten‐year useful life. Lane estimates a $10,000
    6·1 answer
  • Swifty Corporation records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!