All categories

2 years ago

There will be a lower equilibrium price and higher quantity if _____.

Business

1 answer:

77julia77 [94]2 years ago

3 0

Answer: A) supply increases and demand stays the same

Check out the diagram below. The curves S1 and D1 are the original supply and demand curves for some product. If we shift S1 to the right, we get some new curve S2. This is increasing supply. Keeping D1 the same means that the equilibrium price slides down and the quantity goes up.

In short, we have more stuff in the market, and each of those items is cheaper.

You might be interested in

Jason is shopping at Hollister. Hollister has a sale: spend $100 saves 10%. If Jason buys clothes that costs $100, how much will

densk [106]

Answer:

$90

Explanation:

Hollister has an offer of 10% savings for every purchase.

Jason buys clothes for $100. His savings will be 10% of $100

=10/100 x100

=0.1 x 100

=$10

Jason will pay

=$100 - $10

=$90

Jason will pay $90

8 0

2 years ago

With the __________ inventory control system, producers hold only the amount of materials and parts that they need for a short p

Artist 52 [7]

Answer: (C) Just-in-time (JIT)

Explanation:

The just-in-time is one of the type of inventory system that reduced the overall amount of the inventory goods and the services that is owed by the manufacturer in the business.

It is also known as JIT inventory system and the main aim of this type of system is to increase the efficiency of the products and the services in an organization and reducing the wastage in the production process.

According to the question, the just-in-time inventory control system creating the production for the short time period and for the few hours also ans they reduce overall inventory cost in the system.

Therefore, Option (C) is correct.

5 0

2 years ago

How many National Officers currently serve BPA? O 8 06 09 010

sukhopar [10]

Answer:

Explanation:

Every year, the National Association of Business Professionals of America (BPA) elects up to 10 student representatives. The National Officers are elected from the Secondary and Post-secondary Divisions.

For the year 2019-2020, there are eight national officers; six from the secondary divide and two from the post-secondary division

3 0

2 years ago

The accounting records of Brownwood Company revealed the following information: Work in process inventory, Jan 1 58,000 Work in

ivanzaharov [21]

Answer:

$721,000 is correct

Explanation:

Cost of goods sold =754000 + 125000 -158000

=721,000

8 0

2 years ago

After the accounts were adjusted at January 31, 2010, the end of the fiscal year, the following balances were taken from the led

Deffense [45]

Answer:

fees earned 116,400 debit

income summary 116,400 credit

--to close revenues account--

Income summary 81,050 debit

Wages Expense 29,000 credit

Rent Expense 43,000 credit

Supplies Expense 7,300 credit

Miscellaneous Expense 1,750 credit

-- to close expenses accounts--

Income summary 5,000 debit

Dividends 5,000 credit

-- to close dividends accounts--

Income summary 30,350 debit

Dividends 30,500 credit

-- to close income summary account--

Explanation:

on accounting we close the temporary accounts which are:
revenues
expenses
dividends

To do so, we will use an auxiliary account called income summary.

Once we close this we calculate the blaance of income summary using a T-account:

income summary

debit credit

81,050 116,400

5,000

Balance: 30.350‬

And close it as well against retained earnings

6 0

2 years ago