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kiruha [24]
3 years ago
15

When happens when demand exceeds supply?

Business
1 answer:
ElenaW [278]3 years ago
4 0

A shortage occurs when demand exceeds supply – in other words, when the price is too low. However, shortages tend to drive up the price, because consumers compete to purchase the product. As a result, businesses may hold back supply to stimulate demand.

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An exchange economy has two consumers, named Jimmy and Sue, and two commodities, apples and bananas. Jimmy’s initial endowment i
Aleks04 [339]

Answer:

(a) BJ = AJ

In equilibrium, apples and bananas have the same price.

Jimmy’s consumption bundle must be 3 apples and 3 bananas

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Explanation:

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8 0
3 years ago
For the composite method, the composite...(a)rate is the total cost divided by the total annual depreciation.(b)rate is the tota
kotykmax [81]

Answer:

The correct answer is letter "C": life is the total cost divided by the total annual depreciation.

Explanation:

The composite depreciation method uses the straight-line depreciation to rate and average the loss of value in given assets. It divides the useful life figure by the total depreciable cost to arrive at the total depreciation per year. It is helpful to determine the depreciation in a complete class of assets.

3 0
3 years ago
How can the US of new technology in industry benefit workers
gogolik [260]

Answer:

not just pay them they can award them with extra credit?

Explanation:

4 0
3 years ago
he company rented an office for $ 3600 per month starting from January​ 1, 2018. On that​ day, ABC prepaid the rent through June
pickupchik [31]

Answer:

The balance in the Prepaid Rent account as of April​ 30, 2018 = $7,200

Explanation:

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for 5 months

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That is $3,600  \times 2 = $7,200

Only this amount will be outstanding in prepaid rent as for the month till April each month rent would have been adjusted from February to April.

Final Answer

The balance in the Prepaid Rent account as of April​ 30, 2018 = $7,200

8 0
3 years ago
Techniques in identifying customers' needs and wants
Rainbow [258]
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3 years ago
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