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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:

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Explanation:

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Two of the different data categories for an HRIS database are: Group of answer choices information about people and information
MrRa [10]

Answer:

information about people and information about the organization.

Explanation:

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Hence, two of the different data categories for an HRIS database are information about people (employees) and information about the organization.

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Answer:

Reconciling the bank statement to the cash control account.

Explanation:

The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.

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