1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

You might be interested in
In the market for financial capital,
soldier1979 [14.2K]

Answer:

d. the supply of financial capital comes from savings, and the demand goes to making loans.

Explanation:

Capital markets refer to the areas where deposits and investment are transferred between the capital providers and others in need of capital. Capital markets consist of the main market, where new shares are released and exchanged, and the secondary market, where already issued securities are exchanged by investors.

8 0
2 years ago
If oligopolists engaged in some sort of collusion, industry output would be _____ and price would be _____ than under perfect co
TEA [102]

Answer:

If oligopolists engaged in some sort of collusion, industry output would be smaller_____ and price would be _higher____ than under perfect competition.

8 0
3 years ago
The Nearside Co. just paid a dividend of $1.20 per share on its stock. The dividends are expected to grow at a constant rate of
masha68 [24]

Answer and Explanation:

The computation is shown below:

a. Current price is

= D1 ÷ (Required return - Growth rate)

= ($1.20 × 1.04 ÷ (0.1 - 0.04)

= $20.8

b. Now the price in three year is

P3 = Current price × (1 + Growth Rate)^3

= $20.8 × (1.04)^3

= $23.40

c. For price in 10 year it is

P10 = Current price × (1 + Growth Rate)^10

= $20.80 × (1.04)^10

= $30.79

We simply applied the above formula

6 0
3 years ago
Can poor ethics lead to criminal behavior?
Paladinen [302]

Answer:

Yes, because they lead people to make poor decisions.

Explanation:

7 0
3 years ago
Read 2 more answers
While attending a staff meeting and listening to a coworker present information on the legal use of copyrighted images, Darrell
Oxana [17]

Answer:

He should tell his coworker that there is mistakes, but in a polite way.

Explanation:

hope this helps

8 0
2 years ago
Other questions:
  • Type the correct answer in the box.
    9·1 answer
  • Debbie Brooks and Martha Tingstrom lived together. Tingstrom handled their finances. For five years, Brooks did not look at any
    12·1 answer
  • A U.S. trade policy that restricts the sale of foreign goods in the U.S. market will a. reduce the demand for U.S. export goods
    13·1 answer
  • If you were selling a product with an elasticity of 1.6 and you wanted to increase your revenue, what should you do to the price
    8·1 answer
  • Which of the following are NOT included in the formal financial analysis of a capital budgeting program?
    12·1 answer
  • Geneva Company manufactures dolls that are sold to various distributors. The company produces at full capacity for six months ea
    8·1 answer
  • WoodCore Inc. produces an entire line of office furniture at its manufacturing facility in the United States and then ships its
    6·1 answer
  • Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership’s capital balances are Cait
    14·1 answer
  • Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75
    13·1 answer
  • If the price of the item is $15.00 per unit and the employees cost $125 each, how many employees should the firm hire to maximiz
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!