Assume in a competitive market that price is initially below the equilibrium level. We can predict that price will A. decrease, quantity demanded will decrease, and quantity supplied will increase. B. decrease and quantity demanded and quantity supplied will both decrease. C. increase, quantity demanded will increase, and quantity supplied will decrease. D. increase, quantity demanded will decrease, and quantity supplied will increase.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume in a competitive market that price is initially below the equilibrium level. We can predict that price will A. decrease, quantity ...” 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
Vibrant Company had $850,000 of sales in each of Year 1, Year 2, and Year 3, and it purchased merchandise costing $500,000 in each of those years.
Answers (1)
In setting the production level, a firm's cost curves A. by themselves do not tell us what decisions the firm will make. B. have no bearing on what decisions the firm will make. C. dictate what decisions the firm will make. D.
Answers (1)
What kinds of people are in witness protection program?
Answers (1)
The baldwin company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. suppose at the end of 15 years this plant and equipment can be salvaged for $4,090,000 (1/10th of its original cost).
Answers (1)
What due dates did not change for tax years ending in 2016?
Answers (1)
New Questions in Business
Torres travel's stockholders' equity at the beginning of march 2014 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2014, what is the amount of stockholders' equity?
Answers (1)
In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm: A. changes prices to meet the demand. B. changes production levels to meet the demand. C. changes prices and production levels to meet demand. D.
Answers (1)
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)