Business

29 August, 21:18

In a market economy, prices are determined by supply and demand. How is the price of an item affected if the supply goes down?

A. The price of the item will go down

B. The price of the item will go up.

C. The price of the item will stay the same

D. The price will go down, but then it will go up.

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “In a market economy, prices are determined by supply and demand. How is the price of an item affected if the supply goes down? A. The price ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

What are the nearest cross streets to the Carnegie Deli?

On May 23, Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a stated value of $3) at $12. On July 6, Stoltz Realty Inc. issued at par value 18,000 shares of preferred 1% stock, $50 par for cash.

Suppose that there are only three types of fruit sold in the united states. annual sales are 1,300,000 tons of blueberries, 5,600,000 tons of strawberries, and 10,000,000 tons of bananas.

Dominic's boss at the Chuck Wagon restaurant expects that he will stay late to clean up the bar areas on Friday and Saturday nights. However, Dominic needs to be home to take over babysitting from his wife, who works a night shift.

Why is best to have six or less life cycle phases in an epm systems answer in 300 words?

New Questions in Business

Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21.

Some discount stores put products in large bins and let consumers hunt and find bargains. The price these consumers pay includes: a. the time the product was full price and didn't sell b. the value of their time and energy c.

Which one of the following is not a financial intermediary? A. Security dealers B. Insurance companies C. Real estate investment trusts D. Pension funds

Sherry often makes long personal phone calls from her desk during the work day. Alvin likes to wear shorts and old t-shirts to work during the summer. Jillian usually arrives 10 minutes late to the office in the morning.

Which of the two would you consider most important, money or inventory?