Ask Question
BusinessBusiness
9 June, 21:51

He market-clearing price for cantaloupes is the price at which the quantity supplied equals the -. if the market price is too high, then there is a -. if the market price is too low, then there is a -.

+4
Answers (1)
  1. 9 June, 22:21
    0
    The market-clearing price for cantaloupes is the price at which the quantity supplied equals the quantity demanded. If the market price is too high, then there is a surplus. If the market price is too low, then there is a shortage.

    A market-clearning price is defined as the price of a good or service where the quantity supplied is equal to the quantity demanded. Since this is the definition, it explains the pricing that is set and demanded for the cantaloupes. A surplus is when there are left over amounts of a good or service after those in demand are taken care of. A shortage happens when there is not enough of something that is being demanded.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “He market-clearing price for cantaloupes is the price at which the quantity supplied equals the -. if the market price is too high, then ...” 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
When irobot introduced new robot models that would clean gutters and mop floors, this innovation represented which type of market growth strategy?
Answers (2)
When prices are rising, which method of inventory, if any, will result in the lowest relative net cash outflow (including the effects of taxes, if any) ?
Answers (1)
Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $17 per share. Record the issuance of the stock.
Answers (1)
Samuel applied for a loan to purchase a new car. his application was denied. what should he do now?
Answers (1)
Colin wants to set up an aquarium ... he already has a tank, but needs to purchase fish, filters, and plants. if the cost of the fish is $84.79, the filters usually cost $60.45 but colin finds them on sale for $44.
Answers (1)
New Questions in Business
Consider the long-run model of a small open economy which starts from a position of trade balance, i. e., exports equal imports. Suppose that corporate downsizing and lack of job security cause consumers to spend less and save more.
Answers (1)
Jason and his wife are expecting their first child this week, but Jason had to attend a very important meeting in Quebec.
Answers (1)
You walk onto a used-car lot to buy your first car. However, you are not sure about the quality of the cars in the lot and expect one-third of them to be of poor quality. Refer to the scenario above. Suppose you decide to buy a Toyota Corolla.
Answers (1)
Suppose youre a salesperson for a beer and wine distributor. one of your customers has just finished telling you they are unhappy because their last order contained several broken bottles.
Answers (1)
Jane agrees, in writing, to buy Susan's house for $300,000 as soon as Jane is ready to buy a house. The agreement is: Group of answer choices a. Unenforceable, because it violates the statute of frauds b.
Answers (1)
Home » Business » He market-clearing price for cantaloupes is the price at which the quantity supplied equals the -. if the market price is too high, then there is a -. if the market price is too low, then there is a -.
Sign Up Forgot Password?