Business, 06.04.2020 18:29, girlgirl7230

Question 1
Saved
Match the definitions to their correct term.

Question 1 options:

Determined by how much of a good or service is produced relative to how badly buyers want it

Supply is lower than Demand. Prices Rise.

Demand always exceeds supply. Want more than we have.

The lower the price of a good or service, the greater the quantity consumers will buy.

The amount of a good that producers are willing to sell at a given price.

Higher the price of a good or service, the greater the quantity that producers will try to sell.

Quantities of a good or service that potential buyers are willing and able to purchase

Supply is higher than demand. Prices Drop

The price at which quantity supplied = quantity demanded

1.
Price

2.
Demand

3.
Supply

4.
Law of Supply

5.
Equilibrium Price

6.
Law of Demand

7.
Scarcity

8.
Surplus

9.
Shortage

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:20, christianconklin22

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?

Answers: 3

continue

Business, 22.06.2019 21:10, dooboose15

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Answers: 3

continue

Business, 22.06.2019 23:00, kavron2322

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.

Answers: 2

continue

Business, 23.06.2019 02:00, simplychan

Present values. the 2-year discount factor is .92. what is the present value of $1 to be received in year 2? what is the present value of $2,000? (lo5-2)

Answers: 3

continue

Do you know the correct answer?

Question 1
Saved
Match the definitions to their correct term.

Question 1 o...