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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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Zimmerman Auto sells new and used cars. Among its assets are the following: (1) the showroom building, a separate building used
In-s [12.5K]

Answer: The assets that are classified as plant assets on the company's balance sheet include :

(1) the showroom building, a separate building used to service customer cars, and various parking lots.

Plant asset is known as the long-term fixed asset that is used to bring forth or sell commodities and services for the institution. These assets are tangible and are expected to produce economic benefits for the organization.

4 0
4 years ago
Well-conceived visions are:___________.
Katena32 [7]

Answer:

A. )a reference point for managers in making strategic decisions.

Explanation:

A well-conceived vision strategic can be regarded as vision that prepare the organization for the future purposes. Through development of vision long term goals which are the projected future goals of a company can be achieved. When a a vision is well conceived, it is usually distinctive as as specific to a particular Company. It should be noted that a Well-conceived visions are reference point for managers in making strategic decisions.

5 0
3 years ago
Inflation is assumed to be a temporary problem that does not affect financial decisions. True or False
KatRina [158]

Answer:

FALSE

Explanation:

Inflation is assumed to be a temporary problem that does not affect financial decisions. This statement is False

8 0
3 years ago
Runner Sprintz, a particular brand of shoes, has its own website, myrunnersprintz that welcomes consumers to "the Runner Sprintz
ella [17]

Answer:

E. branded community website

Explanation:

-Corporate website is a website that is used to provide information about a company or brand.

-Blog is a site in which you can publish informal content in the form of articles that are called posts.

-Web directory is a list of sites published online.

-Digital catalog is an online publication that shows the products or services offered by a business.

-Branded community website is a website created by a company in which it tries to connect with the group of people that are fans of the brand and provide a space that is controlled by the company in which they can share ideas and give feedback.

According to this, the answer is that the option that best describes myrunnersprintz is branded community website.

5 0
4 years ago
What was a key reason for the post-war cash crunch in America?
vivado [14]
<span>The main reason behind the post-war cash crunch in America was actually the combination of unemployment and inflation. Both the factors together led America to the period of cash crunch. It was almost a serial effect where one incident happened and the other just followed. People lost their jobs and unemployment increased. This resulted in lower buying power of the middle class. With inflation price of every commodity rose and this resulted in further cash crunch. This was together called “stagflation”.  </span>


7 0
3 years ago
Read 2 more answers
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