In an answer of at least two well-developed paragraphs, define the terms shortage and surplus and explain how each impact the prices of goods in the marketplace.
I will make you brainliest and you'll get 25 points


Thank youuu. I know its a lot but I really need help. ​

Answers

Answer 1
a surplus is a market condition existing at any price where the quantity supplied is greater than the quantity demanded. a shortage is a market condition existing at any price where the quantity supplied is less than the quantity demanded. a shortage occurs when the quantity demanded is greater than the quantity supplied at current price. consumer surplus is the difference between the maximum price consumers are willing to pay for a product and the market price of the product.

forces of surplus and shortage guarantee that all other prices are temporary. each of these definitely impact the economy and the prices of goods. if there is a shortage, most likely the price is going to go up. if there is a surplus, the price most likely will go decrease

sorry if this didn't help!!!

Related Questions

When the price is $12 the quantity demanded is 50. When the price increases to $24 the quantity demanded decreases to 30. Calculate the price elasticity of demand.

Answers

Answer:

PED = -0.4 or |0.4| in absolute terms

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

% change in quantity demanded = [(30 - 50) / 50] x 100 = -40%% change in price = [($24 - $12) / $12] x 100 = 100%

PED = -40% / 100% = -0.4 or |0.4| in absolute terms

the demand is price inelastic since |0.4| < 1

this means that the change in quantity demanded is proportionally less than the change in price.

I need help!!!! Someone please lemme know what I need to do!!!!

Answers

Answer:

Ok so first, you can do by taking to mortgage. ex : 146,800.00 multiply by 30, then you have your answer, then vise versa .. Hope this helped.

Explanation:

Dr. Peabody paid $213 for repairs to his dental equipment. Which of the following statements is true?
A. Cash is debited $213; repairs and maintenance expense is credited $213.
B. Cash is credited $213; repairs and maintenance expense is credited $213.
C. Cash is debited $213; repairs and maintenance expense is debited $213.
D. Cash is credited $213; repairs and maintenance expense is debited $213.

Answers

Answer:

D. Cash is credited $213; repairs and maintenance expense is debited $213.

Explanation:

In double-entry accounting, transactions that reduce assets such as cash are credited while those that increase assets are debited.

By paying for repairs services, the amount of cash at hand reduces by $213. Because cash is an asset, the cash account will be credited( reduced)  by $213.

Repairs and maintenance expense account is an expense account as the name suggest. As a rule, transactions that increase expenses are debited. In this case, Mr. Peabody will debit( increase) the repairs and maintenance account by $213.

Which of the following elements are included on the hierarchy of hazard control?
Select all that apply.

Implementing engineering controls


Eliminating hazards


Substituting hazards


Implementing administrative controls


Selecting and using PPE

Answers

The components that are included in the hierarchy of hazard control would be:

A). Implementing engineering controls

B). Eliminating hazards

C). Substituting hazards

D). Implementing administrative controls

E). Selecting and using PPE

The hierarchy of hazard control consists of five steps:

Elimination.Substitution.Engineering controls.Administrative controls.Personal Protective Equipment.

As per the question, all the given components are included in the various levels of hazard control.

The elimination stage aims to remove all the potential hazards while substitution involves replacing the threats with a safer alternate. While engineering controls and PPE refer to the administration of protective layers for safeguarding the workers from any dangers. The administrative controls involve alteration in the process for work, training, supervision, etc. so that the dangers can be minimized.

Learn more about 'Hierarchy of hazard control' here:

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A Trustworthy Source is credible, reliable & relevant.

True
False

Answers

Answer: True

Explanation:

What is location analysis

Answers

Answer:

Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.

hi ik someone is going to report but i just want to say hi

Answers

Hiiiiiiii how are you today? :)

Lol, mood. Hi! I am literally so bored to. Anyways hope you have a good day!

:) :) :)

Un mito de 2 parrafos con su dibujo sobre los habitos saludables que debemos asumir para estar sanos, y tengo que colocar todos los pronombres personales

Answers

En la madrugada del martes pude ver una escena curiosa, pero muy ennoblecedora que cambió por completo mi percepción del universo. No pude dormir y decidí salir a caminar por la casa de mi familia, tal vez un poco de aire fresco y en medio de la naturaleza me vendría bien. Me puse un abrigo y me fui. Hacía frío, casi helado, pero era agradable. En medio de mi caminata miré a mi alrededor y vi una luz verde que venía de la región donde habíamos plantado un huerto. Corrí hasta allí y me asombré cuando vi que de las lechugas salían pequeñas hadas brillantes. Me acerqué para escuchar lo que decían.

La primera hada dijo: "¡Oh! Pensé que nunca saldríamos a tiempo. Chicas, tenemos que encantar estas verduras antes de que los humanos se despierten. Sabes que estas verduras necesitan estar bien nutridas para que los humanos sean fuertes y saludables. nosotros vamos a organizar el trabajo. Tú, Juanita, traes todos los nutrientes del caldo. Mientras ella hace esto, le daremos brillo a las hojas para que las verduras sean muy bonitas, para atraer a los humanos. ¡No tenemos tiempo que perder! "

Las hadas empezaron a trabajar a una velocidad impresionante. Cuando terminaron su trabajo, desaparecieron como por arte de magia. Regresé a mi habitación con la sensación de que debía honrar el trabajo de las hadas, comiendo las verduras que tanto trabajaron para estar saludables.

A Venture Capital Analyst gives money to new companies, so they can have
ownership of that company.

True or false

Answers

Answer:

False

Explanation:

Venture partners only tend to be compensated via carry interest, which is a percentage of the returns that funds make once they cash out of investment opportunities. Thus, they help no ownership whatsoever.

Write one to two paragraphs explaining the importance of the seven marketing functions. Include examples to illustrate your points.

Answers

Answer: See explanation

Explanation:

The seven functions of marketing include:

1. Marketing Information Management: This helps an organization to understand what the customers need. Information can be gathered through the review of market research reports, social media, feedback from sales team.

2. Distribution: An organization's distribution strategy helps the customers to know where to get the product or the company. Marketing helps in the distribution of goods and services to ones customers.

3. Pricing: Pricing plays a role in the success of a particular product. Marketing helps one to be aware of the pricing strategy to use in order to have a competitive edge over ones rivals.

4. Product/Service Management: Marketing is vital for the development of a product as the information gotten from customers can be used to incorporate in new products.

5. Promotion: Through marketing, prospective customers can be made aware of a particular product through promotional activities.

6. Sale - Marketing aids sales as it brings about an increase in the volume of goods sold to the public and also on ways to improve the product through feedbacks.

7. Financing: Successful marketing gives revenue to a business and help in strengthening the loyalty of customers and help in gaining new customers.

The shareholders of Busy Patterns have a preemptive right. Busy Patterns has decided to sell 1,000,000 new shares of common stock and the company currently has 1,000,000 shares outstanding. The preemptive right allows the current shareholders to:

Answers

Answer:

PREEMPTIVE RIGHT will allows the current shareholders to go ahead and

purchase a share of the common stock in the new common stock sale for each of the share that is been own by the shareholders before the common stock shares is been offered to the another entity.

Explanation:

Based on the information given we were told that Busy Patterns shareholders have a PREEMPTIVE RIGHT which simply means the right for a person, company or organization to acquire another new shares before the shares is offered to another person, company or organization in which we were still told that Busy Patterns has decided to sell the 1,000,000 new shares of common stock, Based on this PREEMPTIVE RIGHT will allows the current shareholders to go ahead and

purchase a share of the common stock in the new common stock sale for each of the share that is been own by the shareholders before the common stock shares is been offered to the another entity.

Let's take a look at precipitation over the course of a year in High Springs ( a small town north of Gainesville, near the Sante Fe River). (Please note that they start the year at O - October.) Which statement best describes the center for the boxplots?

Answers

Answer:

- The medians for the summer months of June, July, August, and September are higher than for the other months.

Explanation:

The statement prescribing 'the medians within the months of summer June, July, August, and September are higher in comparison for the other months' correctly describes the halfway for the boxplots. This displays that the precipitation during these months due were higher due to the high temperature and intense water cycle.

IS THE BRAIN REAL? BRAINLIEST FOR BEST ANSWER

Answers

Answer:

yuh

Explanation:

21  100% right

Explanation:

Its Veterans day
Who is a Veteran.

Answers

my dad is a veteran

Answer:

veterans

Explanation:

A wedding party hired a sole proprietorship to cater their wedding. In this situation the sole proprietorship is a partnership, and the employee who handled the job is a partner. The entire wedding party gets food poisoning. If the partner who mishandled the food knew the bride and was jealous of her marriage so he used roach killer instead of lemon juice in the frosting, the other partner would still be liable.

True
False

Answers

Answer:

False

Explanation:

A sole proprietorship is owned and managed by a single person. The owner is responsible for all the decisions and actions of his or her business. The owner may hire workers to assist in running the business. The workers remain workers and not partners in the business.

The law does not distinguish between the business and the owner. Any liabilities arising from the business are considered to be the owner's liability. In this wedding situation, the sole proprietor is solely responsible for the mistakes of his assistant.

Select the statement below that BEST summarizes the text and supports your opinion. Are Pesticides to Blame for the Decreasing Population of Birds and Bees? Group of answer choices Using pesticides on farm crops may cause water pollution near the farms. Farmers need to use chemicals to produce greater amounts of food even if it means a decline in bird and bee populations. The use of pesticides to produce more crops may be causing the local birds and bees to decline in populations.

Answers

Answer: The use of pesticides to produce more crops may be causing the local birds and bees to decline in populations.

Explanation:

The statement below that best summarizes the text and supports the opinion is that the use of pesticides to produce more crops may be causing the local birds and bees to decline in populations.

Option A is not correct as the text isn't talking about water pollution which was being referred to in option A.

Option B didn't really specify the chemical that was being used. Therefore option B is incorrect.

Option C is the correct answer.

which of these is an example of separation of powers?

the president enforces a law passed by congress.
representatives hold hearings to hear public opinion.
representatives rewrite a bill in committee meetings.
the president fires a cabinet member who is performing poorly.

Answers

I would say The president  enforcing a law passed by Congress is an example of separation of powers.

What are the functions and duties of a commission agent?

Answers

A commission agent works for businesses of all sizes as a middleman between companies and vendors. A person in this role can work in many industries, from real estate to sales and entertainment, and in many parts of the world. A commission agent can also work for more than one business at a time.

plz plz help me with this idk the answer multi choice ​

Answers

Answer:

The fourth option is likely the answer

3. Describe through the use of T accounts the birth & growth of the Wahoo Bank

Answers

Answer:

Describe through the use of T accounts the birth & growth of the Wahoo Bank is explained below in detailed explanation.

Explanation:

Equipoise T-accounts is one of the more complex and mind gobbling something for many accounting scholars. In this lesson, we're going to discover specifically how to balance a T-account. Surely, by the time you've completed this exercise, this action will be more relaxed for you than ever since. The last portion of the T-account that we require to meet is its amount. An account’s amount is the value of that object at a precise point in time.

In a T-account, we determine the balance of the matter at the origin of the term (month or year) and the conclusion of the period.

Which type of money does the diagram best describe?
? Money
Has value because of its materials
Has been common throughout history
Includes gold and silver coins
A. M1
B. Fiat
C. Representative
D. Commodity

Answers

The type of money described in the question is known as commodity money.

What is commodity money?

Money is anything that is generally accepted for the exchange of goods and services and for the repayment of debt. Commodity money is a type of money that has value in itself. Examples of commodity money is gold and silver.

To learn more about commodity money, please check: https://brainly.com/question/1023092

#SPJ1

Answer: commodity

just took the test

which of the following is NOT included on a check

Answers

Answer: Name date amount of money

Explanation: Your welcome

onomics-CPB 2020
Match each occupation with its 2016 employment number, as listed in the previous article.
3,452,200
Office Clerks
4,602,500
Registered Nurses
3,555,500
General Combined Food Preparation and
Serving Workers, Including Fast Food
2,955,200
Cashiers
3,117,700
Retail Salespersons
Correct
Intro
Final

Answers

Answer:

Cashiers - 3,550,500

Retail - 4,602,500

Office Clerks - 3,117,700

General Combine Foods - 3,452,200

Registered Nurses - 2,955,200

Explanation:

I just took it and got them right

Answer:

Cashiers - 3,550,500

Retail - 4,602,500

Office Clerks - 3,117,700

General Combine Foods - 3,452,200

Registered Nurses - 2,955,200

Explanation:

I just took it and got them right

One of the purposes of studying economics is to understand the

Answers

Answer:

Individuals, businesses and governments are all faced with making choices in situations where resources are scarce. This is where a knowledge of Economics is vital. Economics applies to most aspects of everyday life. By studying Economics you will examine topics of obvious importance to human well-being.

Explanation:

Answer:

D: principles that influence the production of goods and services.

Explanation:

on edge! hope this helps!!~ (゜▽゜;)

When Christina looked at the tag on the dress she just purchase, she noticed it said "Made in Korea". By purchasing this dress, Christina is participating in the global economy.

Answers

Answer:

True

Explanation:

From the question, We are informed that when Christina looked at the tag on the dress she just purchase, she noticed it said "Made in Korea". By purchasing this dress,

In this case Christina is participating in the global economy. Global economy can as well be regarded as "world economy" which is an economic system where there is economic activities between different nation and within nations . Economic activities could be in term of production, exchange of financial values as well as consumptions, trading of various goods among nations.

Answer:

i think its true

Explanation:

im sorry if im wrong

How does pay for Finance workers compare to that of other industries?
It is about the same as most other industries.
It is low compared to other industries.
It is good compared to other industries.
O It is inconsistent with that of other industries.

Answers

Answer:

c

Explanation:

Answer:

c

Explanation:

brunomendez878788cano​

Answers

Answer:

what does that mean i even tryed to look it up but it says

Explanation:

write me a 8 sentence pitch or more for a donut shop

Answers

Answer:

come down to our donut shop. please come down and get some donuts. we sell the best donuts here. thank you for your consideration.

we hope you enjoy our donuts.

Explanation:

haha

Profit is _____.


the difference between business income and business expenses

a main motive for entrepreneurs starting new businesses

often calculated using a pie graph

all of the above

Answers

I guess all above would seem reasonable

Answer:

ALL OF THE ABOVE

Explanation:

EDGE 2021 :D

if the price level is set at 35 margin points, what percentage will be earned on each unit sold?

Answers

Answer: 35%

Explanation:

Margin points are the amount above cost price that a good is being sold for and each point represents a percentage. If it is said that a good is being sold at 35 margin points, it means that it is being sold at 35% above the cost price of the good.

For instance, if a good cost $40 to purchase and you want to sell it at 35 margin points, your selling price is;

= 40 * ( 1 + 35%)

= $54

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