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3 years ago

Assume in a competitive market that price is initially below the equilibrium level. We can predict that price will:

Business

1 answer:

nata0808 [166]3 years ago

4 0

Answer:

C) Increase, quantity demanded will decrease and quantity supplied will increase.

Explanation:

When supply and demand curves intersect, we say the market is in equilibrium. That is, quantity demanded and quantity supplied are equal. Price relating to this, is referred to as equilibrium price and its quantity; equilibrium quantity.

If market price is above equilibrium price, quantity supplied will definitely be bigger than quantity demanded, causing a surplus. Also called excess supply. Ultimately, market price will decrease. But if market price is below equilibrium price, quantity supplied will appear to be less than quantity demanded, causing a shortage which can also mean excess demand. Market price at this point, will rise to contain the shortage.

When the price of a product is raised, the quantity demanded for that product will decrease until it reaches equilibrium level. Shortages increase the quantity demanded. If there is a surplus, price must reduce to attract quantity demanded and reduce quantity supplied until the surplus is removed. When there is a shortage, price must increase in order to attract supply and reduce the quantity demanded until there isn't any shortages

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In the short-run aggregate demand and supply model, one important difference between monetary and fiscal policy is that monetary

zimovet [89]

Answer:

a. influences aggregate supply but fiscal policy influences aggregate demand.

Explanation:

Remember, when the term monetary policy is used it refers to policies that are focused on the interest rates as well as the inflation rate, which certainly affects the money supply specifically. However, the fiscal policy is usually channelled towards aggregate demand of the economy.

Thus, it is right to say that one important difference between monetary and fiscal policy is that monetary policy affects aggregate supply but fiscal policy influences aggregate demand.

8 0

3 years ago

The gross earnings of the factory workers for Oriole Company during the month of January are $72,000. Of the total accumulated c

Alexxx [7]

Answer:

Wages Expense $72,000 (debit)

Wages Payable $72,000 (credit)

Work In Process : Direct Labor $60,480 (debit)

Work In Process : Direct Labor $11,520 (debit)

Wages Payable $72,000 (credit)

Explanation:

The factory labor cost is a manufacturing cost and is included in product valuation.

<u>(a)Record the factory labor costs</u>

Here we have to recognize the expense incurred during the period and the liability since settlement of amount owing to workers has not yet been made

Wages Expense $72,000 (debit)

Wages Payable $72,000 (credit)

<u>(b)Assign factory labor to production</u>

Here we accumulate the cost to the Work In Process of manufacture taking not of cost classification.

Work In Process : Direct Labor $60,480 (debit)

Work In Process : Direct Labor $11,520 (debit)

Wages Payable $72,000 (credit)

8 0

4 years ago

Elizabeth is considering how to structure a project team that will not directly disrupt ongoing operations. The project needs to

stich3 [128]

Answer: E. Projectized

Explanation:

Projectized organization is a type of organization in which the project manager is backed up to make decisions that as to do with the project. In such an organization the project manger is at the top rank and every other person in the organization reports directly to the project manager especially when it as to do with a project. Based on the capacity the project manager holds, he can assign or allocate priorities, direct work and resources for a project.

8 0

3 years ago

How does the existence of black market work against the intended purpose of rationing

zlopas [31]

Idk I don't know this question I'm not a 8th grader

5 0

4 years ago

Sally was recently given feedback from her boss that the content of her quarterly financial presentation is excellent; however,

scoray [572]

Answer:

The correct answer is C that is the accuracy of the data.

Explanation:

Execution means that the actual implementation or the execution of the details financials. As her boss gave feedback that the presentation was excellent which states that the level of the accuracy of the data is good.

Therefore, the aspect of the effectiveness of the communication which is not referred by the boss is accuracy of the data while talking about the execution.

7 0

4 years ago