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marusya05 [52]
3 years ago
6

In a perfectly competitive market in the long run, after all adjustments have occurred, an increase in demand causes equilibrium

price to:
Business
1 answer:
Gemiola [76]3 years ago
4 0
Spike before falling to the equilibrium level
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A measure of social class that is based on income, wealth, prestige and power is called? a. socioeconomic status. b. esteem. c.
tekilochka [14]

A measure of social class that is based on income, wealth, prestige and power is called socioeconomic status.

What is Socioeconomic Status?

A person's socioeconomic status is a combined economic and sociological assessment of their level of education, employment history, access to resources, and standing in society.

Therefore,

A measure of social class that is based on income, wealth, prestige and power is called socioeconomic status.

To learn more about socioeconomic status from the given link:

brainly.com/question/8625928

5 0
1 year ago
Product or Service Costing influences: Group of answer choices production managers making manufacturing decisions. all of the ot
OLEGan [10]

Answer: marketing managers making pricing decisions.

Explanation:

Management's product and service choices and decisions can influence the cost behavior. The product design, location of plant, technology used in developing a product, product quality, features of product, distribution of product, profit margins, incentives, labor daily wages, and other factors all can influence the cost and pricing decisions of the product.

6 0
3 years ago
1. What is the lowest balance during this period?
RSB [31]
Actually for this type of question simply take a picture
Yah and the and is use a calculater
4 0
3 years ago
Is the owner or any bots or a co-owner on here i need to talk<br><br>If you are not DO not REPLY
timama [110]
What exactly do you need to talk about… but hey i’m here lol
4 0
3 years ago
Read 2 more answers
In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause:
Diano4ka-milaya [45]

Option D

In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause:  a decrease in the market price of the product.

<h3><u>Explanation:</u></h3>

When quantity provided surpasses quantity required, a surplus endures.  If the value goes up, the amount of necessitated goes downward. If the price drops, the quantity required raises. Price ceilings limit a price from growing beyond a particular level.

When a price ceiling is fixed under the equilibrium price, the amount required will pass quantity fulfilled, and excess demand or deficits will result. Price floors block a price from dropping below a reliable level. When a price floor is fixed beyond the equilibrium price, the measure supplied will exceed the quantity needed, and excess stock or surpluses will happen.

5 0
3 years ago
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