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Verdich [7]
3 years ago
15

What happens to the price of a good or service when a shortage of that good or service occurs?

Business
1 answer:
Pachacha [2.7K]3 years ago
8 0

Answer:

If shortage of goods and services occurs, obviously, the price will touch the sky, i. e. the price will increase twice or thrice the Real price...

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Please what is the answer?? <br> I need help
Goryan [66]

Answer:

10 dollars

Explanation:

7 0
3 years ago
As an MNC (multinational corporation) seeks to balance and honor the ethical standards of both the home and host countries, conf
sergeinik [125]

The manager should analyze the legal and ethical differences of home country compared to the host country and<u> develop a strategy that is beneficial to the company and does not clash with the ethical and legal parameters of the host country.</u> It is important to analyze each area that may affect the company, such as government, employee, supplier, investor and customer protectionism, and to analyze common ethical, legal and cultural standards for stakeholders and then develop policies and standards that do not negatively influence the country.

Hypernormas are very effective in solving these possible conflicts, as they guide the lowest-level norms to the highest-level ones, which are those related to fundamental principles for humanity. Which is effective to guide management in an international market.

6 0
3 years ago
If the money supply has increased by 3 percent, nominal income has risen 5 percent and the price level has risen by 1 percent, w
Shalnov [3]

4% is the percent change in real income.

What is the meaning of real income?

Real income, also known as real pay when referring to an individual's income, is the amount of money that an individual or entity makes after taking inflation into account. To have the best knowledge of their purchasing power, people frequently closely monitor the difference between their nominal and actual income.

What is meant by nominal income?

Nominal income is money that hasn't been adjusted for inflation-related changes in buying power, or how much one can buy with that money.

What Is Price Level?

The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.

Learn more about real income: brainly.com/question/17094716

#SPJ4

4 0
1 year ago
Which phrase best describes a function
Nata [24]

It is a formula containing arguments. This is because a function maps the domain to its range. Argument is synonymous to domain.

Hope this helps!

5 0
4 years ago
Sells Company accounts for its investment in OFO, Inc. under the available-for-sale method. How should Sells Company record a ca
ohaa [14]

Answer:

the journal entry should be:

Dr Cash X

    Cr Dividend revenue X

When a company holds securities as an investment and classifies them as available for sale (AFS), any dividends received will be recorded as revenue.

Dividend revenue is reported in the income statement.

7 0
3 years ago
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