Answer:
I'm figuring this out for you!
Explanation:
Group of answer choices.
A. the supply curve, resulting in a lower equilibrium price.
B. the supply curve, resulting in a higher equilibrium price.
C. the demand curve, as consumers try to economize because of the shortage.
D. the demand curve, resulting in a price ceiling in the market.
Answer:
B. the supply curve, resulting in a higher equilibrium price.
Explanation:
In this scenario, a severe freeze has damaged the Florida orange crop. Thus, the impact on the market for orange juice will be a leftward shift of the supply curve, resulting in a higher equilibrium price.
An equilibrium price can be defined as the price at which the quantity of goods demanded is equal to the quantity of goods supplied.
Additionally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.
Answer:
Inventory would be 1, 768
Explanation:
2,000 goods
+200 freight-in (A)
-400 returned goods
<u> -32 </u> discount (B)
1, 768 net amount for inventory
<u>Notes:</u>
(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.
(B) goods x discount rate
net goods 2,000 - 4,00 return = 1,600
discount for payment within 10 days 2%
Discount on purchase: 1,600 x 2% = 32
