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Juliette [100K]
3 years ago
8

Suppose that the price of corn is above its equilibrium price. You would expect to see:________.

Business
1 answer:
alisha [4.7K]3 years ago
5 0

Answer:

D

Explanation:

If the price of corn is above its equilibrium price, corn becomes more expensive to consumers. As a result, they reduce the quantity demanded of corn. there would be a movement along the demand curve for corn and not a shift of the demand curve.

Quantity supplied would also increase as a result of the high price. The fall in quantity demanded coupled with the rise in quantity supplied would lead to a surplus. Due to the surplus, sellers would reduce price until price falls to equilibrium price

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In the portfolio matrix, characteristics of goods and services in the leverage quadrant are: Group of answer choices competitive
maks197457 [2]

Answer:

Competitive supply market, substitution is possible, price per unit is important.

Explanation:

A portfolio matrix is a chart used to define products in terms of both the growth in their industry and their specific market share.

The vertical axis of the chart is for growth in the industry, and the horizontal axis is for the market share of the specific product within that industry.

3 0
3 years ago
The major consideration of whether something can serve as money is that it must be
sashaice [31]
<span>Payments vary in forms from country to country and place to place. What can serve as money, basically, must be something that is considered an acceptable means of payment. It must be something that can be considered valuable in a barter or trade for the receiving party.</span>
7 0
3 years ago
On September 1, 2020, Concord Corporation acquired Skysong Enterprises for a cash payment of $790,000. At the time of purchase,
sladkih [1.3K]

Answer:

$710,000

Explanation:

For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = The fair value of Skysongâs assets - the fair value of liabilities

= $890,000 - $180,000

= $710,000

And, the acquired value of Skysong Enterprises for cash is $790,000

So, the goodwill would be  

= $790,000 - $710,000

= $80,000

5 0
3 years ago
A small risk of loss in an investment.
iVinArrow [24]

<u>A small risk of loss in an investment:</u>

Investment risk can be characterized as the likelihood or probability of the event of misfortunes comparative with the normal profit for a specific venture. Portrayal: Stating basically, it is a proportion of the degree of vulnerability of accomplishing the profits according to the desires for the financial specialist.

The potential advantage of a "high-chance venture" is that quite possibly you could make an extremely exceptional yield on the speculation too. The five measures incorporate the alpha, beta, R-squared, standard deviation, and Sharpe proportion. Hazard measures can be utilized separately or together to play out a hazard appraisal.

7 0
3 years ago
The comparative balance sheet of ConnieJo Company, for December 31, Years 1 and 2 ended December 31 appears below in condensed f
Sophie [7]

Answer:

Kindly check attached picture

Explanation:

Kindly check attached picture for detailed statement using the direct method

8 0
3 years ago
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