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olga nikolaevna [1]
3 years ago
13

The equilibrium price is: unstable because at this price the quantity demanded is less than the quantity supplied. stable becaus

e at this price the quantity demanded equals the quantity supplied. stable because at this price all buyers are willing and able to pay. unstable because at this price the quantity demanded exceeds the quantity supplied.
Business
1 answer:
Makovka662 [10]3 years ago
6 0

Answer:

stable because at this price the quantity demanded equals the quantity supplied.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Generally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

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the direct write-off method is used for tax purposes but is generally not permitted for financial reporting. true or false?
Fantom [35]

True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.

Direct write-off method occur when account receivable uncollectible are written or recorded as bad debt and  this occur when the money a company is expecting to receive from their customers or clients are uncollectible because the customer did not pay.

Direct write-off method is used for tax purposes because bad debt expense  is recorded based on uncollectible amount which is the amount a company is not expecting to receive from their debtors.

This method is not in accordance with the Generally accepted accounting principles which is why it is generally not permitted for financial reporting.

Inconclusion True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.

Learn more about direct write-off method here:brainly.com/question/12419642

4 0
2 years ago
Blake has managed several restaurants for over 50 years and is close to retirement. With his maturity and business experience, h
liraira [26]

Answer:

E. postconventional

Explanation:

Blake is at a postconventional level of personal moral development according to Kohlberg's model.

In the postconventional level of moral development, people have established personal ethical and moral ideals, and live by those, not necessarily by what is established within a society.

For this reason, they may hold unusual views, and Blake is described in the question as being an independent thinker, which is consistent with the characteristics of this stage.

6 0
3 years ago
A computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000,
Tju [1.3M]

Answer:

=$25,400

Explanation:

The cost of the compute was $56,000

The residual value was 5000

Useful life is 5 years

Using the straight-line depreciation method, book value after three years will be

The depreciable amount will be the asset cost value - residual value

= $56,000 - $5000

= $51,000

The depreciation rate will be 1/5 year x 100 = 20%

depreciation per year will be 20% x 51,000

= 20/100 x 51,000

=$10,200

Depreciation for three years will be $10,200 x 3= $30,600

The book value after 3 years :

Book value = original cost - accumulated depreciation

= $56,000 - $30,600

=$25,400

5 0
3 years ago
Read 2 more answers
If Alan Shaw reduces his work hours when his salary increases, then:________
Vedmedyk [2.9K]
I think the answer is a but I am not for sure
5 0
3 years ago
The political business cycle refers to Group of answer choices the fact that about every four years some politician advocates gr
kirill [66]

Answer:

the potential for a central bank to increase the money supply and therefore real GDP to help the incumbent get re-elected.

Explanation:

A political business cycle can be defined as a business cycle that typically arises from the manipulation and tweaking of economic policy tools such as fiscal policy and monetary policy by incumbent (serving) politicians, in order to stimulate and enhance the economy of a particular country before an election. Thus, this would go a long way to boost the chances of the candidate representing the particular political party and reelection into office by the people.

Hence, the political business cycle refers to the potential for a central bank to increase the money supply and therefore real GDP to help the incumbent get re-elected.

The Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

Additionally, Gross Domestic Products (GDP) of a country's economy gives an insight to it's social well-being such as Real GDP.

4 0
2 years ago
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