Which of the following describes a situation in which the price of a good would rise? A. A new technology allows producers to increase supply very quickly. B. Producers cannot make enough of a good when that good becomes popular suddenly. C. Consumers start using less of a good because more substitutes are available. D. Production is increased in order to catch up with a sudden rise in demand.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following describes a situation in which the price of a good would rise? A. A new technology allows producers to increase ...” 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
Quisco Systems has 6.5 millionshares outstanding and a share price of $18. Quisco is consideringdeveloping a new networking product in house at a cost of $500million.
Answers (1)
Rank these three items in terms of the elasticity of the demand for them at any given price, from most elastic to least elastic: hot beverages, coffee and Peets' Coffee. A. coffee, Peets' Coffee, hot beverages B.
Answers (1)
Each person who attended a company meeting was either a stockholder in the company, an employee of the company, or both.
Answers (2)
Genetics Medical Research is at the forefront of developing diagnostic tests using genetically modified chemicals and radiation.
Answers (1)
A manufacturer invests $30 million in a factory to produce pencils that will earn $2 million in accounting profit per year.
Answers (1)
New Questions in Business
Under the Uniform Commercial Code (UCC), a firm offer applies to: a. an unlimited, stipulated period of time. b. a written, signed offer by a merchant to buy or sell goods. c. a written, signed offer by anyone to buy or sell goods. d.
Answers (1)
The economic principle that states that individuals or nations can gain by specializing in the production of goods that they produce cheaply and exchanging for other desired goods that they could only produce at a higher cost is
Answers (1)
The formula for cost of goods manufactured is?
Answers (1)
Athleisure, Inc. sells athletic gear by sending customers a catalog nine times a year. The company has no retail stores or website, but offers a toll-free order number that operates 24 hours a day, 365 days a year. Athleisure, Inc.
Answers (1)
Marcia, owner of drapes by design, has groups of employees in production and installation. if she decides to use work teams as part of her leadership approach, she may be able to:
Answers (1)