If the actual price in this market were above the equilibrium price, quantity supplied would begreater than quantity demanded, so there would bedownward pressure on prices. true or false: if the actual price in this market were below the equilibrium price, suppliers could raise the price without losing sales.
a. True
b. False
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the actual price in this market were above the equilibrium price, quantity supplied would begreater than quantity demanded, so there ...” 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
During the gilded age one sector of the american economy, despite high production levels, was not doing well. which is it?
Answers (1)
Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate internal control over the invoicing function allows goods to be shipped that are not invoiced. The inadequate controls could cause an
Answers (1)
Brad Edwards is earning $74,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cost of living 10 percent higher than where he currently lives.
Answers (1)
On april 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for april legal services was made by the company on may 12. Prepare the required adjusting entry, if any
Answers (1)
To compete in the automobile market, Tesla must make many strategic decisions such as whether to introduce a new car model, how to sell and service its cars, and where to advertise.
Answers (1)
New Questions in Business
Quarrels among business associates have become common. The associates quarrel over what products the firm should sell, division of authority, selection of personnel, whether to bring family members into the business, whether to expand, and who is
Answers (1)
Kroger Supermarkets changes its ads constantly to describe new products it has for sale and different price specials it offers.
Answers (1)
Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 271,240 Aug. 31 Goods finished 190,490 31 Direct materials X 31 Direct labor 32,700 31 Factory overhead X Factory Overhead Aug. 1 - 31 Costs incurred 112,690 Aug.
Answers (1)
Which of the following is true of customers who are regarded as ""promoters"" based on the net promoter score associated with these customers? A. They spread negative comments about the organization. B. They usually defect at higher rates. C.
Answers (1)
Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $36,000 and $24,000, respectively.
Answers (1)