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olasank [31]
3 years ago
7

There will be a lower equilibrium price and quantity if

Business
1 answer:
denis23 [38]3 years ago
8 0

Answer: demand decreases and supply stays the same

Explanation:

The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.

On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.

It should be noted that there will be a lower equilibrium price and quantity if

In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.

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The following transactions occur for Cardinal Music Academy during the month of October:
tamaranim1 [39]

Answer:

The entries to record the transactions are given below.

a. Provide music lessons to students for $7,000 cash.

Debit Cash Asset                          $ 7000

CreditService Revenue income   $ 7000

b. Purchase prepaid insurance to protect musical equipment over the next year for $3,000 cash.

Debit Prepaid Insurance equipment Asset $ 3000

Credit Cash Asset                                          $ 3000

c. Purchase musical equipment for $10,000 cash.

Debit Equipment Asset    $ 10,000

Credit Cash Asset            $ 10,000

d. Obtain a loan from a bank by signing a note for $10,000

Debit Cash Asset            $ 10,000

Credit Notes payable     $ 10,000

7 0
3 years ago
As observed by robert e. kelley, _____ is an essential quality of effective followers.
nordsb [41]

As observed by robert e. kelley, Substitutes for leadershipis an essential quality of effective followers.

<h3>What is leadershipis ?</h3>

The ability of a person, group, or organization to "lead," influence, or direct other people, groups, or entire organizations is referred to as leadership, both as a field of study and as a practical talent. The term "leadership" is frequently seen as a contentious one. The subject is debated in specialized literature from numerous points of view, occasionally contrasting Eastern and Western leadership styles as well as (within the West) North American versus European styles.

Leadership is described as "a process of social influence where a person can enlist the aid and support of others in the fulfillment of a common and ethical task" in U.S. academic institutions.

To learn more about leadershipis  from the given link:

brainly.com/question/26909351

#SPJ4

8 0
1 year ago
Are you going to get Paramount plus?
Andrew [12]
An waste of money you can get better stuff
4 0
2 years ago
Read 2 more answers
Most major forms of advertising contain both​ ____ and​ ____ elements.
Firdavs [7]
Most major forms of advertising contain both​ visual and​ verbal elements.
8 0
3 years ago
Henry operates an outlet of Moonlight Café, a world renowned fast-food restaurant, in his locality. He started the restaurant af
Lady bird [3.3K]

Answer:

Franchise.

Explanation:

A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name.

5 0
3 years ago
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