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uysha [10]
3 years ago
12

The number and characteristics of sellers and buyers are known as _____.

Business
1 answer:
loris [4]3 years ago
8 0

Answer:

The number and characteristics of sellers and buyers is called market structure.

Explanation:

hope it help

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The process cost summary summarizes:_________
natka813 [3]

Answer and Explanation:

The summary of the process cost involves the physical flow of units, equivalent units of production, cost per equivalent unit, and the total cost assignment to the units worked on the given time period

Only these four things would be shown in the summary of the process cost

Other than this would be ignored

4 0
2 years ago
Shaun is a student who has received an academic scholarship to State University. The scholarship paid $14,000 for tuition, $2,50
Soloha48 [4]

Answer:

$ 8500 paid by the university

Explanation:

The dormitory fees are recorded as part of his gross income because it is a payments given to his services rendered which was counseling freshman on campus living. The dormitory fees gotten can be taxed for this reason unlike the scholarships received for tuition, fees, books can be excluded from gross income as they are required for the student courses.

8 0
3 years ago
In competitive markets, a surplus or shortage will select one:
Andrej [43]

Answer: c.  

In a  competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.

If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.

The reverse happens when there is a shortage. When there is less supply in the market, price increases.

Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.

8 0
3 years ago
The demand function is given by
Jlenok [28]

Answer:

Q=120−4P

Explanation:

putting P = 20 we get

q= 40

we know that elasticity is quantity demanded / price  

20

40

​  

=2

hence the correct option: D

5 0
3 years ago
Who's better?<br> Chris Brown or Lil Tjay?
TEA [102]

Answer:

Lil Tjay and the song F.N or Mood Swings

Explanation:

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