Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?

Business

2 answers:

EastWind [94]3 years ago

5 0

Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium? B. It needs to be decreased.

Equilibrium is the point at which supply and demand balance each other out. To make sure equilibrium is reached, there needs to be a decrease in the price so that the demand and supply match. If the price is too much, less people are likely to purchase the product however, would at a lower price.

shepuryov [24]3 years ago

4 0

The correct answer is B. It needs to be decreased.

You might be interested in

Suppose you are salesperson for a company that manufactures and sells industrial equipment. Two or three of your key accounts pe

algol13

Answer:

d. Form a close partnership with individuals involved in order fulfillment (e.g., shipping and transportation) in an effort to make sure they are committed to meeting the special delivery requirements of those key accounts.

Explanation:

The sales person should make a close partnership with order fulfillment department in order to meet special delivery requirements by the key accounts. If the special delivery needs of key accounts is not addressed then they may discontinue buying the equipment from the company. To retain the key accounts the sales person has to ensure the order fulfillment team is committed in meeting the special delivery requirements by those key accounts.

5 0

3 years ago

Currently Ark is charged $3,144,267 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this

masya89 [10]

Answer:

C)Increase Net Cash from Operations on the Cash Flow Statement

Explanation:

If there is an increase in depreciation so this declines the net profit as the depreciation is an expense and shown in the debit side of the income statement. Ultimately it fall the earnings of the company. In the cash flow statement, this depreciation expense is added back to the net profit to determine the net cash flow from operating activities also it is a non cash expense

Therefore the option C is correct

8 0

3 years ago

At the lowest price for a tv, the number people demanding the good is _____ the number who demand the good at the highest price.

snow_tiger [21]

The correct answer that would best complete the given statement above would be the first option: GREATER THAN. <span>At the lowest price for a tv, the number people demanding the good is greater than the number who demand the good at the highest price. The lower the price, the higher the demand. </span>

6 0

4 years ago

On March 14, Zest Co. accepted a 120-day, 6% note in the amount of $5,000 from AZC Co., a customer. On the due date of the note,

KatRina [158]

C. Cash for 5,000. ……

3 0

3 years ago

When business improved, Tasha Lind determined that the company had a talent shortage. Which of the following methods should she

Len [333]

Answer:

c. Outsource to a third party

Explanation:

At that time when business improved, Tasha Lind saw that the company is suffering with shortage of talent. From the given following methods she should use <u>outsource to a third party</u> for managing the shortage of talent because as outsource to a third party generally means that the company will give the contract of their work to any third party they wish. As company is suffering with shortage of talent, so the company will have to give contract to any other third party because company will not make its loss.

7 0

3 years ago