Answer:
Excess demand
Explanation:
The equilibrium price is the price at which demand equals supply.
If price is below equilibrium price, it means the price is lesser than the equilibrium price, therefore the quantity demanded would increase.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If price is below equilibrium price, the quantity supplied would fall.
I hope my answer helps you.
Answer:b)Tacit knowledge
Explanation: Tactic knowledge is considered as the informal form of knowledge. It is supposed to be a knowledge that is difficult to be transferred from one person to other.This knowledge cannot be easily understood by the person in written or verbal form.
Tactic knowledge is mostly understood clearly by the source person or port.Other option given are just a simple form of knowledge which can be understood easily. Thus the correct answer is option(b).
A(n) <u>Private</u><u> </u> corporation is considered closely held with few owners, whereas a(n) <u>public </u>corporation is available to any investor who wants to purchase shares of stock on the stock exchange .
A smaller corporation is referred to as ao private crporation if it only has a few shareholders and doesn't make its stock available to the general public. A public corporation, on the other hand, is permitted to sell its stock to the general public.
What distinguishes a private firm from a public corporation?
A private company is typically owned by its founders, management, or a collection of individual investors. A company that has sold all or a portion of itself to the general public through an initial public offering is referred to as a public company.
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Cultural Fit and price are some criteria that we can use to narrow down the suppliers.
There are some criteria that we can use to narrow down the vendors. which are-
Cultural Fit: This refers to values and how well the provider is aware of the company's values.
One of the deciding criteria is price.
Value: Does the product enhance the company's operations?
Market knowledge and recent references
responsiveness and adaptability to requests and product changes
Quality, including the history of quality in products and services
An entity that offers goods or services to another entity is known as a supplier. One example of a supplier is a business that sells PCBAs to a laptop manufacturer or OEM.
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Answer:
United States can set up plants in China to avoid high tariffs