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alexgriva [62]
3 years ago
11

In general, if a consumer good is produced domestically and consumed domestically, an increase in its price will have which of t

he following effects?
Business
1 answer:
vaieri [72.5K]3 years ago
7 0

ANSWER :

Excess Supply of that good will be created.

EXPLANATION :

Market Equilibrium (without external factors - import & export , of a domestically produced & consumed good) is where : Market Demand = Market Supply.

Demand & Supply are inversely & positively related to prices respectively (law of demand , law of supply)

So : An increase in price will increase supply and an increase in price will reduce demand.

This increased supply & decreased demand due to price rise will create Excess Supply (Supply > Demand)

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erastovalidia [21]

Answer:

False.

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When profits are declared the company debits Retained Earnings (profits) for the divedend amount, and credited to Dividends Payable.

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The substitution bias in the consumer price index refers to the idea that consumers​ ______ the quantity of products they buy in
dsp73

Answer:

change; over-estimates

Explanation:

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Which organization does not provide free or loss cost training and counseling associated with the Small Business Association
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The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.

<h3>What is Small Business Association?</h3>

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SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc

Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD

Therefore, the Option A is correct.

Read more about Small Business Association

<em>brainly.com/question/2072884</em>

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