If producers moved the price from P3 to p1 A) producers would encounter a shortage. B) buyers would likely purchase fewer widgets. C) producers would be less willing to make widgets. D) buyers would scramble to get all available widgets.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If producers moved the price from P3 to p1 A) producers would encounter a shortage. B) buyers would likely purchase fewer widgets. C) ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Justin signed a rental agreement for his new condo. How long is his lease?
Answers (1)
Assume that a $1,000 bond issued in 2015 pays $100 in interest each year. What is the current yield on the bond if it can be purchased for $1,200? Enter your answer in percent form and to one decimal place. For example, if your answer is 0.034 (3.
Answers (1)
Which of the following are central to implementing value-creating strategies and thereby satisfying customers' needs? a. Core competenciesb. None of these is correct. c. Capabilitiesd. Firm resources
Answers (1)
A firm's average cost increases as it increases its output by expanding its plant and hiring additional workers (its only inputs to production). The firm's owner blames the increase in per-unit costs on the law of diminishing marginal productivity.
Answers (1)
John desires the best things in life - a fast car, designer clothes, and membership in exclusive clubs. but rather than work his way through the system, he has discovered he can have all these things by selling crack cocaine in the inner city.
Answers (1)
New Questions in Business
Property taxes and fines represent which of the following classes of nonexchange transactions for government units? Group of answer choices Government-mandated nonexchange transactions.
Answers (1)
You want to go to Europe 5 years from now, and you can save $3,100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund which you expect to return 8.5% per year.
Answers (1)
Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-capital ratio of 40%, which will result in annual interest charges of $336,000.
Answers (1)
Joe has $100,000 in an investment account. He is looking to retire in 12 years. He needs a minimum of $240,000 in order to retire. What rate of return does Joe need to make on his investment in order to be able to retire?
Answers (1)
Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $160 per share. The firm's total market value was unchanged by the split.
Answers (1)