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Dmitrij [34]
3 years ago
11

If the price level is above the equilibrium price level, how does the aggregate quantity of goods and services demanded compare

to the aggregate quantity of goods and services supplied at the price level?
Business
1 answer:
kupik [55]3 years ago
4 0

Answer:

When price is  above the equilibrium price level, quantity demanded would be less than the quantity supplied. This would lead to a surplus

Explanation:

Equilibrium price is the price at which quantity demand equal quantity supplied.

Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded. As a result of the surplus, price would fall until equilibrium is reached.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied. As a result of the shortage, price would rise until equilibrium is reached.

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Read the following sources and decide which have characteristics of reliable and unreliable information.
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Where’s the options?
6 0
3 years ago
The trial balance of Mendez Company at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory
Tomtit [17]

Answer:

Gross Profit: 186,000 - 154,700 = 31,300

COGS: 154,700

Net Sales: 186,000

Explanation:

Beginning Inventory                         18,700

Purchases                                       154,000

Freight-In                                            8,000

Purchase Returns and Allowances (5,000)

Ending inventory                         <u>    (21,000)  </u>

COGS                                               154,700

Sales Revenue                            190,000

Sales Returns and Allowances     (3,000)

Freight-Out                                 <u>    (1,000)  </u>

Net Sales:                                    186,000

Gross Profit: 186,000 - 154,700 = 31,300

Notes: the freight-in are cost required to get the inventory ready for sale so arec capitalized through inventory

the freight-out is part of the effort to sale, thus decrease the sales figure.

6 0
3 years ago
Dakota Mining Company pays its bills and employees with checks drawn on a bank from another part of the country. Checks usually
UNO [17]

Dakota Mining Company pays its bills and employees with checks drawn on a bank from another part of the country. Float  is the advantage gained during the check-clearing time.

<h3>What is float?</h3>

Generally, The float is money in the banking system that is momentarily counted twice owing to time delays in reporting a deposit.

In conclusion,  the advantage gained during the check-clearing time is called float

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7 0
2 years ago
A certain person goes for a run each morning. when he leaves the house for his run, he is equally likely to go out either the fr
boyakko [2]
<span>if there are no shoes at the door from which he leaves to go running, he runs barefoot. but i would think this to be a math probability question</span>
7 0
3 years ago
Ruth Lewis is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market int
bearhunter [10]

Answer:

Bond Price = $580.2640476 rounded off to $580.26

Explanation:

A zero coupon bond is a kind of bond that does not pay interest to the bond holder like other bonds. Instead it is offered at a discount price and pays the par value at maturity. The discount price is calculated using a certain rate which can also be called the implied interest rate on this zero coupon bond. The formula to calculate the price of the zero coupon bond is,

Bond Price = Par Value / (1 + r)^t

Where,

  • r is the interest rate or the discount rate
  • t is the number of periods to maturity

Bond Price = 1000 / (1+0.115)^5

Bond Price = $580.2640476 rounded off to $580.26

7 0
3 years ago
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