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Bas_tet [7]
2 years ago
6

If a shortage exists in the hamburger market, then the current price must belower than the equilibrium price. For the market to

reach equilibrium, you would expect
Business
2 answers:
dalvyx [7]2 years ago
8 0

For the market to reach equilibrium, you would expect prices to rise.

<h3>What is a shortage?</h3>

A shortage exists when quantity demanded exceeds quantity supplied. This is because price is below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.

For a shortage to be resolved, prices would rise until equilibrium price is reached.

To learn more about equilibrium, please check: brainly.com/question/26075805

iVinArrow [24]2 years ago
3 0

There are different kinds of market. For the market to reach equilibrium, you would expect buyers to offer higher prices.

<h3>What happens if there is a shortage of a good at the certain price?</h3>

When there is a kind of surplus existing in the market, price tends to fall so as to entice additional quantity to be demanded and lower the quantity supplied until the surplus is removed.

When  shortage exists, price tends to rise so as to entice additional supply and lower quantity demanded until the shortage is removed.

Learn more about shortage of a good from

brainly.com/question/24754736

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Answer:

The correct answer is c. firm-level demand

Explanation:

Demand can be defined as the quantity of goods and services that are acquired by consumers at different prices, at a specific unit of time (one day, one month, one year, etc.) since without a temporary parameter we cannot say if a Demand amount grows or decreases.

When a person chooses to buy some good, to meet his needs, he does so consciously, based on his criteria both objective and subjective; These conditions are modified according to the educational and socioeconomic level, sex, age, among other factors.

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3 years ago
What is a fiscal year?
Darina [25.2K]

A fiscal year, is a 12-month financial planning period that may or may not coincide with the calendar year.

Explanation:

A fiscal year to the government is just like a financial year for a company/corporation.

A government can have a fiscal year from the middle of a year (July) to the next year (June) which in total is 12 months.

Sometimes a fiscal year coincide with the calendar year but that does not acknowledge the fact that is must be a calendar year.

This fiscal period are a planned period to take up projects or meet budgets.

3 0
3 years ago
Read 2 more answers
Factors of production are the parts of the economy that:
svetoff [14.1K]
Factors of production are the parts of the economy that: c. are necessary for creating goods and services.

Option C
4 0
2 years ago
he​ _____ rate is the percentage of a​ company's customers​ (within a given span of​ time) who by the end of that time span have
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The churn rate can also refer to the percentage of employees leaving or quitting a company during one year.

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<h3>Skin antisepsis kits</h3>

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To learn more about blood culture contamination visit the link

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6 0
1 year ago
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