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
andrew11 [14]
3 years ago
9

1) When quantity demanded in a market is more than the quantity supplied, _____ occurs.

Business
1 answer:
Greeley [361]3 years ago
4 0
B because we really need equilibrium
You might be interested in
Disk City, Inc. is a retailer for digital video disks. The projected net income for the current year is $2,300,000 based on a sa
Marat540 [252]

Answer:

big dog

Explanation:

5 0
3 years ago
When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook
Serga [27]

Answer: Total Revenue is $100 and the price elasticity is 0.4

Explanation: total revenue is computed as Price * Quantity

$0.5 * 200= $100

Elasticity is the degree of responsiveness of quantity demanded to a change in price.

Old price $1

New price $0.5

Old quantity 75

New quantity 200

Formula- % change in quantity demanded / % change in pride

NB change is (old-new)

Change in Qd= (75-200) / 75 =-1.67

Change in price=(1-0.5)/1=0.5

-1.67/0.5= -3.34

The negative is ignored in price elasticity and the answer is 3.34 which means the product is Elastic

4 0
3 years ago
Companies. John, Lesa, and Tabir form a limited liability company. John contributes 60 percent of the capital, and Lesa and Tabi
noname [10]

Answer: The profits would be shared equally

Explanation: This is because

Since there was no agreement stating how profits would be divided,then the applicable state Limited Liability Company statute will rule. Most LLC statutes states that if members do not specify how profits are to be divided, they will be divided equally. As long as no operating agreement or LLC statute addressed the particular issue, the partnership law applys which also indicates that profits should be divided equally among the owners of a firm unless it was specified otherwise.

3 0
3 years ago
Becky only eats out at Macaroni Grill and eats out 3 times per month. She receives a raise fro $31,900 to $33,500 and decided to
ololo11 [35]

Answer:

Since elasticity is 6.4, a positive figure,it is normal good and the fact that it is greater than one means it is elastic,hence option A is correct

Explanation:

The formula for income elasticity of demand is given as:

/(new quantity-old quantity)//(old price+new price)/2)/(New income-Old income)/(old income+new income)/2)

New income=$33,000

Old income=$31,900

New quantity =5 times

Old quantity=3 times

Hence=(5-3)/(3+5)/2)/(33500-31900)/(31900+33500)/2)

Elasticity=6.45

6 0
3 years ago
Jose started renting a house to Bill for $600 per month beginning February 1, 2019. Bill paid $1,200 on January 15, 2019, which
rusak2 [61]

Answer: $6,600

Explanation:

Income, although not typically in a taxpayer’s possession, is usually constructively received in the taxable year which is when it is credited to the person's account, or made available so that the person may draw upon it at any time, or could have drawn upon it in the taxable year when the notice of intention to withdraw has already been given.

However, income is not constructively received when the taxpayer’s control of receipt is subject to limitations or restrictions. In this case, the last month’s rent ($600 security deposit) has already been constructively received and is included; but, the rent that was received in January for the December rent has not been constructively received and is therefore not included for a total of $6,600 which was derived from the [$600 deposit which was last month rent + ($600 × 10 months Feb-Nov)].

= $600 + $6000

= $6600

3 0
3 years ago
Other questions:
  • Which of the following line items of the statement of cash flows must be obtained from the income​ statement?
    9·1 answer
  • What is Eduloan and is it a good choice is it affordable...Why should we choose Eduloan and how does it work
    13·1 answer
  • A refrigerator is priced at $1,250. There are two options offered to reduce the price: either a 25% discount off the price
    12·1 answer
  • Which of the following is an example of capital outflow for Germany?a. German company Haribo sells a production facility in Irel
    11·1 answer
  • Calculate the after-tax cost of debt using following bond information. A four year bond has a 7 percent coupon rate and a $1000
    15·1 answer
  • If you have a balance of $1,000 on your credit card, and the interest rate is 17¾% a year, in order to pay off the $1,000 in 5 y
    8·1 answer
  • Under the UCC Sales Article, which of the following statements is correct concerning a contract involving a merchant seller and
    10·1 answer
  • The U.S. encourages domestic companies to export because _____________.
    12·2 answers
  • A company's ____________ is the percentage of the total target market for the product that belongs to the company.
    14·2 answers
  • A deduction from adjusted gross income for yourself, your spouse, and qualified dependents is:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!