The price of a good naturally gravitates toward the level at which the a. Supply curve intersects

Question:

The price of a good naturally gravitates toward the level at which the

a. Supply curve intersects the vertical axis.

b. Demand curve intersects the vertical axis.

c. Supply curve intersects the demand curve.

d. Demand curve intersects the horizontal axis.

e. Supply curve reaches its highest point.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Survey Of Economics

ISBN: 9781429259569

1st Edition

Authors: David A. Anderson

See More Books

Question Posted: May 16, 2023 10:22 AM

See More Questions

Perform the following exercises in which you must analyze the methods to evaluate accounts receivable, perform notes receivable exercises and define the different types of accounts receivable: Define...
In a purely competitive market, the price of a good is naturally driven to the value where the quantity demanded by consumers matches the quantity made by producers, and the market is said to be in...
Chris has an income of $90 to allocate between Goods A and B. Initially, the price of A is $3 and the price of B is $4. a. Draw Chriss budget line, indicating its slope if units of A are measured on...
Find the absolute maximum and absolute minimum values of f on the given interval. f(x) = x 3 6x 2 + 5, [3, 5]
Return to A3- 15 and assume instead that Mira Products is a private company reporting in accordance with ASPE. How would the reorganization affect Mira Products 20X4 financial reporting?
After years of steady growth in net income, The Performance Drug Company sustained a loss of $1.6 million in 2015. The loss was primarily due to $5 million in expenses related to a product recall....
What sampling units may be used in attribute sampling of cash receipts transactions?
At the beginning of 2012, Mazzaro Company acquired equipment costing $120,000. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $12,000 at that time....
What is the firm's cost of debt? What is the cost of preferred stock for Natural Wonder Corp.? Cost of common equity (1) What is the estimated cost of common equity using the CAPM approach? (2) What...
In order to have an effect on the market, a price ceiling must be a. Above the equilibrium price. b. Below the equilibrium price. c. Equal to the equilibrium price. d. At a price that equates the...
Suppose people in your area hire college students to do yard work. a. Make a table that indicates the lowest hourly wage that you would accept to provide the first, second, third, fourth, and fifth...
In a balance three-phase wye-wye system, the source is an abc-sequence set of voltages. Z load = 1 + j1 Z load = 14 + j12 , and the load voltage on the a phase is VAN = 440 <30o V rms. Find the line...
G is an individual GST registrant that files GST returns annually. At the beginning of year 20XX, G incorporated their sole proprietorship into G Inc., a wholly owned subsidiary of G, and registered...
Discuss the following topic(s) in the forum and submit proof of your participation in the online discussions: 1) Professional certification and the practising accountants 2) Cost data and managerial...
3. You purchased a 3 year coupon bond one year ago. Its par value is $1,000 and coupon rate is 6%, paid annually. At the time you purchased the bond, its yield to maturity was 6.5%. Suppose you sell...
Microsoft Corporation makes Xbox video game consoles. For Microsoft's financial year YYYY, please make use of the following provided information regarding the inventory of those Xbox consoles:...
11 The APRN unit director is working at an agency that has a high incidence of medication errors, specifically with heparin. One recent error had a patient receive twice the prescribed dose. Which...
Comment on the following statement by the owner of a restaurant in a downtown area: I see customers every day whom I know on a first-name basis. I understand their likes and dislikes. If I put...
Keating & Partners is a law firm specializing in labour relations and employee-related work. It employs 25 professionals (5 partners and 20 managers) who work directly with its clients. The average...
If there is 5 percent inflation each year for 8 years, what is the total amount of inflation (i.e., the total percentage rise in the price level) over the entire 8-year period?
Given the following data, calculate the approximate real interest rate for years 2, 3, and 4. (Assume that each CPI number tells us the price level at the end of each year.) If you lent $200 to a...
An economy has only two goods, whose prices and typical consumption quantities are as follows: a. Using December 2010 as the base period for calculations and also as the year for measuring the...
The following estimates have been produced for a new product with an expected life of four years. Year 1 Year 2 Year 3 Year 4 Units made and sold 6,000 11,000 20,000 12,000 R&D costs 800,000 400,000...
If a loan of $1750 is payed off with monthly payments of $200 with an annual interest rate of 12%, then how many payments - including a final partial payment - are needed to pay off the loan?
Three paragraph answer. Diamond Computers, which is owned and operated by Dale Diamond, manufactures and sells different types of computers. The company has reported profits every year since its...

The price of a good naturally gravitates toward the level at which the a. Supply curve intersects

Question:

Step by Step Answer:

The correct answer is c Supply curve intersects the demand ...View the full answer

Survey Of Economics

Students also viewed these Business questions