In a free market, if the price of a good is above the equilibrium price, then;
A. suppliers, dissatisfied with growing inventories, will raise the price.
B. demanders, wanting to ensure they acquire the good, will bid the price lower.
C. government needs to set a lower price.
D. suppliers, dissatisfied with growing inventories, will lower the price.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In a free market, if the price of a good is above the equilibrium price, then; A. suppliers, dissatisfied with growing inventories, will ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
McCorey Corporation recorded the following events last year: Repurchase by the company of its own common stock$30,000 Sale of long-term investment$49,000 Interest paid to lenders$10,000 Dividends paid to the company's shareholders$59,000 Collection
Answers (1)
What is the primary goal of a society? A) To promote the protection and well being of its members B) To promote the financial growth of its members C) To promote the spirituality of its members D) To promote the destruction of its members
Answers (1)
What is a firm's gross profit? A. the difference between sales revenues and cash expenditures associated with those sales B. the difference between sales revenues and the costs C.
Answers (1)
Inventory Valuation under Absorption CostingDuring the most recent year, Judson Company had the following data associated with the product it makes:Units in beginning inventory 300Units produced 15,000Units sold ($300 per unit) 12,700Variable costs
Answers (1)
Suppose that pepsi purchased a factory in brazil so it will be closer to the raw materials it uses. the value of this transaction is recorded in the
Answers (1)
New Questions in Business
Purchase intentions are a very good indicator of an individual's future behavior. may be better predictors of future behavior for large dollar expenditures. are a relatively good predictor of a family's purchase behavior.
Answers (1)
Saskatchewan Forestry Company purchased a timber tract for $225,000 and estimates that it will be depleted evenly over its 10-year useful life with no residual value.
Answers (1)
Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? A. an increase in inventory B. a decrease in accounts payable C. preferred dividends declared and paid a D.
Answers (1)
What is opportunity cost? Question 14 options: The principal in an investment account The value of your investment opportunity when it's compared with all the other investments you made in the past.
Answers (1)
Omega Corp. has entered into a transaction with Lively Inc. Omega Corp will give its equipment to Lively Inc. in exchange for Lively's equipment. Omega Corp will also pay Lively Inc. $30,000 cash.
Answers (1)