Answer:
D. lower than the equilibrium price.
Explanation:
Markets are at equilibrium where demand = supply & demand, supply curves intersect.
Price ceiling is maximum price mandated by the government at which a good can be sold in the market. It is usually below equilibrium price, set to bring necessity goods under affordable price bracket of poor people.
This artificially reduced price creates excess demand or shortage (less supply), because at the lower price - demand is more but supply is less.
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The equation becomes 7-10 which equals -3
Answer:
d.discover errors that affect the equality of debits and credits.
Explanation:
Trial balance
: In trial balance, there are two columns namely debit columns and credit columns. The total of debit and credit columns should always be matched.
The debit columns record assets and expenses side whereas, the credit column record revenue, stockholder equity, and the liability side. It shows the error through which the debit side and the credit side would be affected.
Answer:
The Awnser is A
Explanation:
A companies goals and products are defined by its vision, mission, and values statements. Goals are achieved by having a organized plan (vision).
