Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?
As prices fall, demand goes up.
As prices fall, demand goes down.
As prices fall, demand stays the same.
As prices fall, demand disappears
Which needs to happen in order to stop disequilibrium from occurring?
Q needs to be coordinated with supply.
Q needs to be coordinated with demand.
The price of goods needs to be increased.
The price of goods needs to be decreased.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which explains why the price indicated by p2 on the graph is lower than the equilibrium price? As prices fall, demand goes up. As prices ...” 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
When looking for a car to buy, what can you learn from classified ads?
Answers (1)
Select either true or false for the following statements. 1. Relevant costs are also known as unavoidable costs 2. Incremental costs are also known as differential costs 3. An out-of-pocket cost requires a current and/or future outlay of cash. 4.
Answers (1)
How should a nongovernmental, not-for-profit organization report donor-restricted cash contributions for long-term-purposes in its statement of cash flows? a. Financing activity inflow. b. As a noncash transaction. c. Operating activity inflow. d.
Answers (1)
Characteristics of hire purchase contract
Answers (1)
A health and beauty company is developing a new line of hand lotions for very dry skin. they expect the research and development stage to take 10 years and cost approximately $12.8 million.
Answers (1)
New Questions in Business
Suppose, to produce $200,000 worth of finished cloth in the US, textile producers import $150,000 of raw materials. The raw materials are imported duty free. However, the US has imposed a 5% nominal tariff on imports of finished cloth.
Answers (1)
What do does seminormal and semiwild mean
Answers (1)
A popular variation of the accounts receivable turnover is the a. credit risk ratio. b. concentration of credit risk. c. bad debts ratio. d. average collection period.
Answers (1)
Social Security payments are (A) included in GDP because they represent current income. (B) included in GDP because they represent potential consumption. (C) excluded from GDP because they are not private pensions.
Answers (1)
If incomes rise rapidly in the United States and U. S. preferences foreign goods strengthen, which on would we expect? A. U. S. exports to increase B. the dollar price of foreign monies to decrease C. the dollar to appreciate in value D.
Answers (1)