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monitta
3 years ago
14

Suppose the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound. What takes place

Business
1 answer:
Elenna [48]3 years ago
4 0

If the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.

The current price of $3 per pound is lesser that the equilibrium price of  $6 per pound which means that their is shortage.

The shortage indicate that their is increase in demand in the market because the quantity demanded is higher than the quantity supplied.

Therefore the rise in price of goods and services will lead to decrease in the quantity demanded of such goods or product.

Inconclusion what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.

Learn more here:<em>brainly.com/question/2005267</em>

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Thomas Malthus’s predictions turned out to be wrong due to:
just olya [345]

Answer:

The correct answer is letter "A": technological advances such as those during the Industrial Revolution.

Explanation:

British Anglican clergyman and erudite Thomas Malthus (1766-1834) believed the<em> population would grow geometrically, while food production would grow arithmetically. In such a way scarcity will appear in the long run that will require a decrease in the birth rate</em>. However, Malthus's theory has been proven to be wrong so far due to the introduction of technological advances attributed to the Industrial Revolution by the second half of the 18th century which allowed mass-production of goods.

8 0
3 years ago
Jawbreaker Company paid $640 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $640 and a
attashe74 [19]

Answer:

A. Accounts Payable 1,280 Cash 1,280

Explanation:

Jawbreaker Company paid $640 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $640 and a credit to Accounts Payable of $640.

The correcting entry is a debit to Accounts Payable of 1,280 and a credit to Cash of 1,280

The correct entry for payment of a creditor on account is to

Dr Account Payable........640

Cr Cash......................................640

However the opposite to the above entry was passed which will give rise to an error double the impact of the transaction value because:

1.The correct transaction to the value of $640 is missing

2. The opposite of the transaction to the value of $640 is existing.

Hence the impact of the error is double the amount which explains the reason why the correction involved twice the value of $640 which is $1,280

6 0
3 years ago
Anette used 136.12 inches of lace equally on 12 dresses. How much lace did she use on each dress?
belka [17]

Answer:

24 laces

Explanation:

3 0
3 years ago
Why should a researcher check that their information is valid?
nalin [4]

Answer:

Validity is harder to assess than reliability, but it is even more important. To obtain useful results, the methods you use to collect your data must be valid: the research must be measuring what it claims to measure. This ensures that your discussion of the data and the conclusions you draw are also valid.

Explanation:

hope this helps

brainliest plz

8 0
2 years ago
You want to search for articles that discuss the role of nature in the poetry of Emily Dickinson. You're specifically interested
DENIUS [597]

Answer:

a.(bees OR flowers) AND dickinson

Explanation:

We defenitevily want Dickinson in our search as it is the writer we are interest on. Thus the statment should be and AND as an OR may leave it off the equation. and the system will look for bees or flowers from pretty much any writer. Dickinson is an exclusive factor.

Then, from the topoc of his poetry we look for bees or flowers at an equal interest. With findings of just one of these two concepts we are satisfied thereofre and OR statement is the way to go.

3 0
3 years ago
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