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Alex_Xolod [135]
3 years ago
11

If supply is unchanged, but demand increases, we can conclude that the new equilibrium:

Business
1 answer:
den301095 [7]3 years ago
8 0

Answer:

The correct answer is option e.

Explanation:

The supply in the given example is assumed to be unchanged. Supply being constant an increase in demand will cause the demand curve to shift to the right. This rightward shift in the demand curve will intersect the supply curve at a higher point. This will cause an increase in the price as well as quantity of output in the market.  

So, option e is the correct answer.

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2 years ago
Adjustment error. The accountant for Stringer Services failed to adjust the Supplies account to recognize the amount consumed du
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Answer:

a. unaffected

b. understated

c. overstated

d. overstated

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f. unaffected

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The journal adjustment entry for supplies consumed should be;

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     To Supplies  A/C                                    

(Being supplies consumed recorded)

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