Answer:
c. Shortage will cause the price to rise toward $10
Explanation:
c. Shortage will cause the price to rise toward $10
The equilibrium price is $10 this any price below the equilibrium price will create a shortage in the market because at price lower than equilibrium price, the demand is greater than the supply. Thus, shortage will push the prices upwards or towards equilibrium price.
Convenience sampling is used, because the population is taken from a sample that easy to reach
Explanation:
Over the past several decades, advances in technology, greatly reduced the cost of making computers which resulted in the decline of the equilibrium price of computers and also resulted in increased equilibrium quantity. The reduction in the computer prices also caused an increase in the consumer surplus.
computer price down -> equilibrium price down
computer price down -> equilibrium quantity up
computer price down -> consumer surplus up
The producer surplus increases due to increase in quantity and at the same time producer surplus decreases due to decrease in price.
computer price down -> producer surplus down
computer quantity up -> producer surplus up
Every day, Pepsi products are delivered to grocery stores, gas stations, vending machines, and restaurants in the united states and locations around the world. to accomplish this task, pepsi must have an expedient to get its products from its source to the consumer in the supply chain.
<h3>
What is Pepsi?</h3>
- PepsiCo produces the carbonated soft drink known as Pepsi.
- Caleb Bradham first invented and introduced Brad's Drink in 1893. In 1898, it was renamed Pepsi-Cola, and in 1961, the name was abbreviated to Pepsi.
- Caleb Bradham created Pepsi at his drugstore in New Bern, North Carolina, where it was first sold in 1893 under the name "Brad's Drink".
<h3>What stands for Pepsi?</h3>
- In 1893, Caleb Bradham created the first Pepsi beverage at his drugstore in New Bern, North Carolina, and sold it under the name "Brad's Drink."
- In 1898, the drink's name was changed to Pepsi Cola in honor of the recipe's inclusion of kola nuts and the digestive enzyme pepsin.
Learn more about Pepsi here:
brainly.com/question/13373374
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Answer:
Another term for trade balance would be trade deficit.
