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Dmitry_Shevchenko [17]
2 years ago
14

If the current price of a product is "below" the market equilibrium​ price, there is​ ________ of this product.

Business
2 answers:
Irina-Kira [14]2 years ago
8 0

Answer:

There is a shortage of the product.

Explanation:

The market demand curve is downward sloping indicating a negative relationship with price. While the market supply curve is upward sloping indicating a positive relationship with price.  

At the market equilibrium, both demand and supply are equal. At a price below the equilibrium level, the market demand is greater than supply. This causes a shortage in the economy.

Shtirlitz [24]2 years ago
8 0

Answer:

If the current price of a product is "below" the market equilibrium​ price, there is​ higher demand of this product.

Explanation:

This analogy follows the law of demand that says the higher the price the lower the demand while the lower the price just as it was stated in the above mentioned analogy results into higher demand

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Match each of the following accounts to its proper balance sheet classification.
arlik [135]

Answer:

   Account                                          Balance sheet classification

a. Accounts payable                          Current liabilities

b. Accounts receivable                     Current Assets

c. Accumulated depreciation            Property,plant and equipment

d. Buildings                                         Property,plant and equipment

e. Cash                                                Current Asset

f. Goodwill                                           Intangible Asset

g. Income taxes payable                    Current liabilities

h. Investment in long-term bonds      Long term investment

i. Land                                                   Property,plant and equipment

j. Inventory                                            Current Assets

k. Patent                                                Intangible Asset

l.  Supplies                                            Current Assets

8 0
2 years ago
portland trail blazers what attributes were the most important to the fans? What should the Blazers multigame package include? s
Papessa [141]

Answer:

Explanation:

1. Ticket location is the most important attributes in the overall purchase decision. It is with a 39.49% of the general choice weight.

2. Verily, the conjoint assessment results are important in choosing assessing decisions. Ticket cost contained 38% of the examination. From the data, we can conclude fans are increasingly loath to purchase $60 tickets. By joining this ticket cost with various characteristics with higher utility scores, we can deliver a group that will be impressively all the more addressing the fans. The proportionate should be conceivable with the other evaluating decisions to make various group offers .The Portland Trail Blazers' NBA foundation was in a terrible position. Fans were spilling out the door, and the players couldn't find the bushel. The gathering wore a 22-36 record and advance managers presently ran its home, the Rose Garden after its owners had proclaimed money related indebtedness. The gathering's guide had been ended for sure. The field had been a sellout just three years earlier, and the gathering had been dear by Portland. However, starting in the 2003 season, interest began to fall pointedly by more than 15 percent by 2005. In the midst of a comparative time, 42 of 70 indulgence suites sat void in the midst of the period. More Portland crowd individuals viewed the atmosphere by then Blazers' amusements.

3. Yes there could be more than one.

By looking at the conjoint assessment and other data open from the survey, I believe that the Portland Trail Blazers the officials should offer two unmistakable packs. One being either six or ten redirections for each group. Disregarding the way that organization lean towards the six preoccupation pack, giving fans the decisions to buy for ten diversions will empower the gathering to sell more tickets. Regarding seating, they should offer the mid 300 court seats, averaging between $40-50

8 0
3 years ago
China had a $214 billion overall current account surplus in 2012. Assuming that China’s net debt forgiveness was zero in 2012 (i
Pie

Answer:

The correct asnwer is $-214 billion.

Explanation:

A surplus occurs when an account exceeds the credit after having paid all its debts and obligations.

As the example says, assuming that China’s net debt forgiveness was zero in 2012, then the net balance of China's financial account balance would be -214 billion.

This means that China would be facing a deficit.

A defit means that more money comes out of our company's account than it enters.

Which causes China to have a<u> negative balance account.</u>

4 0
2 years ago
You are the manager of a clothing store. You must decide how many of your employees to put on the sales floor, and how many to p
Fiesta28 [93]

Answer:

c. 60 on the sales floor, 24 on the register.

Explanation:

Given that

The total number of employees to manage is 84

and w assume that the no of employees on the sales floor after having division be x

also the given condition is that there should be minimum of 2 employees for every 5 employees that worked on the sales floor

So that means

x ÷84 = 5 ÷ (5 + 2)

after solving this x = 60

So the no of employees on register is

= 84 - 60

= 24

7 0
2 years ago
Data concerning Odum Corporation's single product appear below:
Len [333]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Selling price per unit $210.00

Variable expense per unit $92.40

Fixed Expense per month $130,536

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 130,536/ (210 - 92.4)

Break-even point in units= 1,110 units

6 0
3 years ago
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