What happens when the supply of a non perishable good is greater than the consumer wants to buy?

In July 2008, the average price of gasoline in the United States was $4.09 per gallon and consumers bought 6 percent less gasoline than they had during July 2007, when the average price was $2.96 per gallon.

The phenomenon where one in every five americans will be elderly.

A lien may be defined as a (n): a. creditor's claim on the property of a debtor. b. debt owed by a creditor to a bank. c. structure that supports the real property of a creditor.

On Jan 1, 2011, P. T. Scope Company purchased a computer system for $3,240. The company expects to use the system for 3 years. The asset has no salvage value. The book value of the system at Dec 31, 2012 is

Accounting principles are "generally accepted" only when I. an authoritative accounting rule-making body has established it in an official pronouncement. II. a given practice has been accepted as appropriate because of its universal application. A.

A team was in pursuit to sign a highly sought-after free agent. It gave the player the highest offer of all the teams, and ultimately signed him to a high-paying contract. The player did not live up to expectations during the subsequent season.

In order to test a new customer loyalty program, a supermarket sends an email to its current customers in one of its regions of operation, inviting them to opt into the new program.

Over the last four years, a stock has had an arithmetic average return of 8.8 percent. Three of those four years produced returns of 16.3 percent, 10.2 percent, and - 14.1 percent. What is the geometric average return for this 4-year period?

When a person gains a benefit from a previously unauthorized act of an agent and does not deny the authority to act after learning about it, this constitutes an agency created by:

In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade.