Answer by YourHope:
Hi! :)
Question: Explain if there is excess supply or demand of goods at the equilibrium price and why?
Answer: Equilibrium is at the point where supply and demand meet and the prices are set. Since the price is set as a equilibrium, there won't be an excess to either, but if you set the price above equilibrium, you move away from equilibrium and have disequilibrium create excess supply or excess demand!
Have a BEAUTIFUL day~
Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high
Based on the inflation rate and the fact that it is rising, the right recommendation would be to A. raise the reserve ratio.
<h3 /><h3>How can you decrease inflation?</h3>
Inflation can be reduced when the reserve ratio is raised because it will reduce the amount of money that banks have to loan out.
This means that there will be less money in the economy which will reduce inflation because less money means less demand for goods and services.
Find out more on effects of inflation at brainly.com/question/27889691.
#SPJ1
Answer:
The correct answer is A. maker.
Explanation:
The manufacturing industry (manufacturing) is the production of added value of merchandise for use or sale using labor and machinery, tools, chemical and biological processes, or formulation. The term can refer to a wide range of human activities, from handicraft to high technology, but it is more commonly applied to industrial production, in which raw materials are transformed into finished products on a large scale. Such finished products can be used to manufacture other more complex products, such as airplanes, appliances or cars, or be sold to wholesalers, which in turn sell them to retailers, which they then sell to end users or consumers.
