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3 years ago

Quantity demand is 385 and quantity supplied is 203 calculate the shortage

Business

1 answer:

Fed [463]3 years ago

5 0

Answer:

Shortage = 182 units

Explanation:

Given:

Quantity demanded = 385

Quantity supplied = 203

Find:

Shortage

Computation:

In economic terms, a shortage occurs when the amount sought exceeds the quantity available at the market price.

Shortage is difference between Quantity demanded and Quantity supplied.

Shortage = Quantity demanded - Quantity supplied

Shortage = 385 - 203

Shortage = 182 units

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Tax on imported goods used by governments to reduce imports and protect domestic industries. T/F

Tom [10]

Answer:

True

Explanation:

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3 years ago

For each of the following examples, identify whether a positive or negative externality is present and whether there will be too

iris [78.8K]

Answer:

A. Landscape lawns produce positive externality.

B. Sports vehicle generates a positive externality

C. Walk to work creates positive externality.

D. Cigarettes create a negative externality.

Explanation:

Positive externality occurs when society gets benefit from a persons act. Susan has created lawns near her house and there are beautiful flowers in the lawn. This will be relaxing for those who pass near by the lawns. There will be fresh air coming from the lawn and society will look pleasant.

Negative externality is one in which society is harmed by the act of a person. This happens when Anita smokes at a bus stop. There are other travelers who will be present at the bus stop might be harmed from the smoke which arises from the cigarette.

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3 years ago

Dexter loses his breach-of-contract case against micheletta in a georgia state trial court. dexter appeals to the state court of

Wittaler [7]

After Dexter appeals to the state court of appeals and loses again, he files his next appeal with the <u>Georgia Supreme Court</u>.

<h3>What is a Court hierarchy?</h3>

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In conclusion, the Supreme court is the highest court in the Georgia state after the Court of appeal.

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6 0

1 year ago

Milo Clothing experienced the following events during 2016, its first year of operation: 1. Acquired $12,000 cash from the issue

Serga [27]

Answer:

Explanation:

The four transactions will be recorded in the general journal as follows:

1) Debit cash $12,000

Credit common stock $12,000

(To record the sale of common stock)

2) Debit purchases $5,600

Credit cash $5,600

(To record purchase of inventory in cash)

3) Debit cash $5,712

Credit sales $3,360

Credit gross profit $2,352

(To record the sale of inventory in cash)

4) Debit advertising expenses $650

Credit cash $650

(To record the payment of advertising expenses in cash)

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4 years ago

The market value balance sheet for Cherry Pie Corp. reflects a cash of $22,000, fixed assets of $209,000, and equity of $231,000

Blizzard [7]

Answer:

The correct answer is D.

Explanation:

Equity = $231,000

No. of outstanding shares = 5,000

Price of share = $\frac{231,000}{5000}$

Price of share = $46.2

Repurchased shares worth $18,000

No. of shares repurchased = $\frac{18,000}{46.2}$

No. of shares repurchased = 390

When the shares would have been repurchased then the value of equity would decrease by the same amount.

Revised equity = $231,000 - $18,000

Revised equity = $213,000

No. of shares outstanding = 5,000 - 390

No. of shares outstanding = 4,610

Thus, the price of each share would be:

Share price = $\frac{213,000}{4,610}$

Share price = $42.60

8 0

4 years ago