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2 years ago

1. The point at which quantity demanded and quantity supplied are equal:______

Business

1 answer:

salantis [7]2 years ago

8 0

Answer:

1. Market Equilibrium, 2. Interest Rate, 3. Rationing, 4. Supply Shock, 5. Excess Supply, 6. Excess Demand, 7. Price Floor

Explanation:

1. The point at which quantity demanded and quantity supplied are equal: Market Equilibrium

2. The financial and opportunity costs consumers pay in searching for a good or service : Interest Rate

3. A system of allocating scarce goods and services by criteria other than price: Rationing

4. A sudden drop in the supply of a good: Supply (decrease - leftward shift) shock

5. Any situation in which quantity supplied exceeds quantity demanded: Excess Supply

6. Any situation in which quantity demanded exceeds quantity supplied: Excess Demand

7. A government-mandated minimum price that must be paid for a good or service: Price Floor (Minimum Support Price)

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3 years ago

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3 years ago

Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per

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Answer:

Economic profit will be $40

So option (d) will be correct option

Explanation:

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3 years ago

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Leya [2.2K]

Answer:

The accounting equation holds as follows:

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Explanation:

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2 years ago

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They receive income by wages

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3 years ago

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