Answer:
The price is above equilibrium; quantity supplied is more than quantity demanded.
Explanation:
A surplus in the market means the actual price of a product is above the equilibrium point. The quantity supplied is much more than the quantity demanded. A considerable population of buyers will not afford the product due to its high price.
Higher prices will cause the demand for goods to decrease in the market. When there is a surplus in the market, sellers will tend to reduce the price hence increasing the quantity demanded. This will decrease the quantity supplied. The buyers will now afford the product.
Excessive spare parts inventories, a lack of transferable employee skills, increased support costs.
<span>There are different elements of the promotional mix, namely: <span>multiple choice, advertising cause, marketing publicity, personal selling, and sales promotion. The one c</span>haracterized by a customized interaction that is extremely expensive but very persuasive and likely to yield immediate feedback is the personal selling.</span>
<span>Personal selling is more of a personal interaction where a buyer meets a seller. It aims to influence a person’s or group’s purchase decision.</span>
<span>Personal selling is customized. It is expensive because fees are paid to salespeople as either salaries or commissions. </span>
No, Nadia wouldn't owe any interest on her last statement balance because she paid it in full within the grace period. A grace period is a period in which they allow someone to make a payment without being held accountable for a delay in payment making. Since Nadia paid the amount on day 17, she was within the grace period and forgiven of all interest.
