Which of the following will occur in a competitive market when the price of a good is less than the equilibrium price?
answer choices
Price will decrease to eliminate the surplus and restore equilibrium.
Price will decrease to eliminate the shortage and restore equilibrium.
Price will increase to eliminate the surplus and restore equilibrium.
Price will increase to eliminate the shortage and restore equilibrium.
Price will remain constant, because supply will increase to eliminate the shortage.

Answers

Answer 1

A market that is competitive lacks any market influence from any one product or consumer.

What will happen if the price were below the equilibrium price?

The competitive equilibrium serves as a standard for the efficiency of economics' analytical techniques in addition to demonstrating how output and consumption may be brought into balance without the help of a central planner.

Since fewer items are available than what is required, there will be a shortage if the market price is lower than the equilibrium price. What the market is is a mystery. There's an absence. In order to increase supply and decrease demand while addressing a shortfall, prices must rise.

Take into account a market where prices are initially greater than they ought to be because of competition. We estimate that price will decrease, quantity demanded will increase, and quantity supplied will decrease.

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Related Questions

Why did the eastern half of the Mississippi Territory have more political power than the western half?

Answers

The eastern half of the Mississippi Territory have more political power than the western half because of  an upper hand over man, and government power.

Mississippi  is a country withinside the south of the United States, bounded via way of means of Tennessee to the north, Alabama to the east, Louisiana and Arkansas to the west, the Gulf of Mexico, and Tennessee to the south. Its western border is shaped via way of means of the Mississippi River. Northwest Ordinance of 1787, which set up the Northwest Territory and furnished for its government. There become, however, one critical difference in the ones laws.

Slavery become now no longer allowed withinside the Eastern Territory. The regulation developing the Mississippi Territory made slavery prison in Mississippi.The U.S. Congress created the Mississippi Territory in 1798 out of lands north of the 31st parallel previously claimed via way of means of the colony of Georgia. Congress break up the territory in 1817 due to strain from white Southerners who desired to look new slave states emerge.

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what is reaction of light​

Answers

Answer:

what is reaction of light​?

Explanation:

The light reactions are the first step in photosynthesis. The pigment chlorophyll in the thylakoid membranes of the chloroplast absorbs the energy from sunlight during these processes. The energy is subsequently briefly transferred to two molecules, ATP and NADPH, which are needed in photosynthesis's second step. Two electron transport networks produce ATP and NADPH. During the daytime.

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The right answer is the one above it’s the same one I got

What is the subject of the sentence?

My dad's cell phone has a funny ringtone.​

Answers

Answer:

Dad's cell phone

Explanation:

We are talking about how the cell phone has a funny ringtone, therefore we are talking about the cell phone so that is the subject.

Hope this helps, and good luck!

Dads cell phone

A subject is a part of a sentence that contains the person or thing performing the action (or verb) in a sentence. ... In the sentence, the subject is "I" and the verb is "will call." Example: You were a great singer.

how did most world religions originally spread

Answers

Answer:

Religious beliefs

hope this helps

have a good day :)

Explanation:

they spread around the globe and forever molded the huge geographic regions in their paths.

Who raced ford model t in a championship race near pikes peak in colorado

Answers

The person that raced ford model t in a championship race near pikes peak in colorado is Noel Bullock .

Who was Noel Bullock?

Noel Bullock can be described as the one that as able to race the  ford model t in a championship race which was performed some years back.

It should be noted that ford can be regarded as one of the company that was very famous in the production of the automoile and they ave been in exisitence for somany years and that is why they were able to paticipate in the race.

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You read a research study describing how some disease is more commonly found in both adopted children and their adopted parents than in adopted children and their biological parents. What can you likely infer about this disease

Answers

What I can likely infer about this disease is: B) It is more related to environmental than genetic factors.

What is an Inference?

An inference is a deduction that is made about a subject from pieces of available evidence.

Given the results of the research above, we can infer that the disease is more environmental than genetic because the disease did not affect the parents and children that shared genetic features.

Thus, the cause of the disease could be environmental.

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what you will after being the prime minister ??​

Answers

Answer:

In most systems, the prime minister is the presiding member and chairman of the cabinet. In a minority of systems, notably in semi-presidential systems, a prime minister is the official appointed to manage the civil service and execute the directives of the head of state.

Explanation:

Hope that helped!

4. Explain how the design of exercise interventions might influence psychological stress from a motivation, emotional, and self-efficacy perspective.\

Answers

The design of exercise interventions can positively influence psychological stress by motivating regular training through a safe environment.

How does exercise help reduce stress?

When an individual exercises regularly, he experiences the reduction of adrenaline and cortisol in the body, which are stress hormones, releasing tension and providing relaxation while also releasing substances that produce well-being, such as endorphins.

Therefore, the exercise intervention project is specially designed to motivate the individual to perform their workouts constantly, increasing motivation, social integration and the gain of physical and mental health.

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from an early age, kevin got into trouble constantly. he continually violates the rights of others and he often lies, fights, and has problems with the law. generally, he is impulsive and fails to think ahead. he is frequently deceitful and manipulative in order to get the things he wants, and he never regrets his misdeeds or considers the feelings of those he has harmed. which of the following diagnoses accounts for kevin personality? attention deficit hyperactivity disorder antisocial personality disorder obsessive-compulsive personality disorder paranoid personality disorder

Answers

As Kevin is frequently deceitful and manipulative in order to get the things he wants and he never regrets his misdeeds or considers the feelings of those he has harmed, c) antisocial personality disorder accounts for diagnoses of Kevin's personality.

In the field of sociology, an antisocial personality disorder can be described as a type of disorder in which a person does not care about other people and tends to indulge in harming others just to get whatever he wants.

In the scenario mentioned in the question, Kevin does not care about other people as he tends to violate the rights of other individuals that are around him. He also practices deceit and manipulation in order to achieve his own benefits. Hence, in the above case, Kevin is indulging in antisocial personality disorder.

Although a part of your question is missing, you might be referring to this question:

From an early age, Kevin got into trouble constantly. he continually violates the rights of others and he often lies, fights, and has problems with the law. generally, he is impulsive and fails to think ahead. he is frequently deceitful and manipulative in order to get the things he wants, and he never regrets his misdeeds or considers the feelings of those he has harmed. which of the following diagnoses accounts for Kevin's personality?

a) attention deficit

b) hyperactivity disorder

c) antisocial personality disorder

d) obsessive-compulsive personality disorder

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Do you agree with the differentiation between the West and the East?

Answers

Answer:

yes

Explanation:

hope it help

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what northerners and southerners might have thought about the new tariff law in 1828

Answers

Answer:

The Tariff of 1828, also known as the Tariff of Abominations, was a highly divisive issue in the United States in the 1820s. Northerners generally supported the tariff as it protected their industries from foreign competition and provided revenue for the federal government. Southerners, on the other hand, opposed the tariff as it raised the cost of goods they imported, including manufactured goods from the North and raw materials from Europe. Additionally, the South's economy was heavily dependent on exporting agricultural products, particularly cotton, which the tariff did not protect. Due to this, many southerners felt that the tariff favored the North at the expense of the South.

Answer:

The 1828 Tariff of Abominations was opposed by the Southern states that contended that the tariff was unconstitutional. The protective tariffs taxed all foreign goods, to boost the sales of US products and protect Northern manufacturers from cheap British goods. How did Northerners feel about the issue of tariffs How did Southerners feel?

Explanation:

Hope it helps!

6. What is your persuasive angle?
The reason you believe what you do about a subject
The facts and figures which will make your audience believe you
The words you use to explain your position
The way you stand when giving your speech

Answers

Answer:A persuasive angle is the display or introduction of an author's vision or an speaker/narrator's point of view in such confident way to convince an audience about certain argument or making them believe something, whether is using (logos/ethos/pathos) facts and evidences, people's own ideals and beliefs or exploiting

Explanation:

Answer:

Explanation:

A persuasive angle is the display or introduction of an author's vision or an speaker/narrator's point of view in such confident way to convince an audience about certain argument or making them believe something, whether is using (logos/ethos/pathos) facts and evidences, people's own ideals and beliefs or exploiting

Which sentence best completes the diagram?

Globalization LEADS TO

?

A. Local businesses face less international competition.

B. Fewer companies have a need for natural resources.

C. Incomes improve for poor people in all countries.

D. Natural resources move from poor to rich countries.

Answers

The sentence that best completes the diagram is option C. Incomes improve for poor people in all countries.

Globalization has the potential to contribute to improving incomes for poor people in various countries. As globalization increases connectivity and trade between nations, it can create economic opportunities and increase access to markets for individuals and businesses, including those in developing countries.

This can lead to the growth of industries, job creation, and an increase in incomes, particularly for those who were previously marginalized or living in poverty. "Local businesses face less international competition," does not align with the general effects of globalization, as increased connectivity and trade often bring about more international competition for local businesses.

"Fewer companies have a need for natural resources," does not directly relate to the impact of globalization. The demand for natural resources can be influenced by various factors, including technological advancements and economic conditions, but it is not directly tied to globalization.

"Natural resources move from poor to rich countries," does not capture the overall impact of globalization. While resource extraction and trade can be influenced by globalization, the movement of natural resources is not the central outcome of globalization itself. Therefore, the correct answer is option C.

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12. Answer these questions. -• How do you think the environment of a family affects the character of an individual ?

Answers

Answer:

Here are some ways in which the family environment can affect an individual's character:

Values and beliefs: The values and beliefs instilled in an individual during their formative years come from their family environment. The family's attitudes towards education, religion, work, and other aspects of life shape the individual's beliefs and values.Emotional development: The family environment affects an individual's emotional development. Children who grow up in a nurturing and supportive family environment may develop positive self-esteem and emotional resilience. Conversely, children who grow up in a hostile or abusive family environment might develop anxiety, depression, and other mental health problems.Social skills: The family environment influences the development of social skills. Children who grow up in families that encourage social interaction tend to be more outgoing, confident, and socially adept. Those who grow up in families that discourage social interaction may develop shyness or social anxiety.Behavioral patterns: The family environment can influence an individual's behavioral patterns. Children who grow up in families that model positive behaviors, such as kindness, respect, and responsibility, may adopt these behaviors. Conversely, children who grow up in families that model negative behaviors, such as aggression or substance abuse, may develop similar behavioral patterns.

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Explanation:

35. In the Articles of Confederation, all the power was in the hands of the states.
a. True
b. False

Answers

Answer:

True, the articles basically just places most power to state governments.

Explanation:

The Articles of Confederation was the first constitution of the 13 American states, adopted in 1781 and replaced in 1789 by the Constitution of the United States.

What were the powers granted to Congress under the Articles of Confederation?

The Articles of Confederation actually gave very little governing power to Congress and reserved most to the states. Congress didn’t even have the power to tax. Congress under the Articles was, if anything, more of a policy-setting body than an instrument of government.

The major reason for this is that the states were zealous of their own sovereignty, and one of their few uniting principles was the right to self-determination. That spirit allowed the states to ally and fight the Revolution, but it also meant they distrusted each other’s ability to preserve their hard-fought independence.

Certainly there was no appetite to create a unitary, empowered executive that could, in their opinion, simply become a new form of oppressive monarchy.

So the states gave Congress the bare minimum authorities to coordinate policies that could affect the whole of the polity, but it wasn’t until it became obvious how badly some kind of central authority was needed to prevent economic collapse that the Constitution became a viable alternative.

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Is poverty a form of deviance or a source of
deviance? Discuss.

Answers

Answer:

Poverty is a source of deviance.

Explanation:

Poverty is characterized by the lack of economic resources to face the different expenses involved in leading a decent life in a capitalist system, such as that which exists in the vast majority of the civilized world. Thus, those who do not have enough money to satisfy their needs are considered poor.

Therefore, this lack of resources and the needs that arise from it (lack of decent housing, healthy food, medical assistance, etc.) can give rise to different acts whose objective is to get money from quick and easy way to meet those needs. Thus, poverty becomes the source of many behavioral deviations (such as robbery) with the aim of satisfying those needs, although not legally and morally correct.

What advange do french - American colonist have over the british American colon

Answers

They had a good understanding of Indians and Indian warfare. They worked together as allies.

the term domestication refers to?

Answers

Domestication is the process of adapting wild plants and animals for human use.

Make a thoughtful insight that answers the question, "How Do We Become Who We Want to Be?" supported by the two pieces and your personal experiences with setting and achieving goals.

Answers

Becoming the person we want to be is a complex and deeply personal journey. It involves self-reflection, setting goals, taking action, and learning from our experiences along the way. While there are many factors that contribute to personal growth and self-actualization, two key elements that can support this process are self-belief and consistent effort.

Self-belief is a powerful motivator that helps us envision our desired future and have faith in our ability to achieve it. It involves cultivating a positive mindset and believing in our own potential. When we believe in ourselves, we are more likely to set ambitious goals and persevere in the face of challenges. Self-belief can be nurtured through affirmations, visualization techniques, and surrounding ourselves with supportive and encouraging individuals.Consistent effort is another crucial aspect of becoming who we want to be. It involves setting specific, measurable, achievable, relevant, and time-bound (SMART) goals and consistently taking action toward them. By breaking down our aspirations into smaller, manageable steps, we can make progress and build momentum over time. This helps to create a sense of purpose and direction in our lives, as well as a sense of accomplishment as we achieve our goals.Personal experiences play a significant role in shaping who we want to be and how we go about achieving our goals.

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Aristotle earth wind fire water and ethos or logos or

Answers

Answer: Aristotle believed that the four natural elements on earth (fire, air, water, earth) were a combination of hot, dry, wet, or cold, and they could be transformed into one another.

What grade are u guys in because I need help with my assignments and I need a good grade on them

Answers

Answer:

"i have no idea, just want points" also i am in 10th, learn to pay attention in class, and not just ask people for help to get a good grade.

Explanation:

Do you think that ancient societies were more or less concerned with the environment than we are today ? Why ? What factors do you think have contributed to the growing environmental problem in modern times ?​

Answers

It is difficult to compare the environmental concerns of ancient societies with those of modern times, as the knowledge and understanding of environmental issues has evolved significantly over time. However, it is safe to say that ancient societies were less concerned with the environment in the same way that modern societies are, as many of the environmental problems we face today, such as climate change and pollution, were not fully understood or recognized in the past.

There are several factors that have contributed to the growing environmental problem in modern times. One factor is the increasing population of the world, which has led to a greater demand for resources and a larger environmental footprint. Another factor is the rapid pace of industrialization and technological advancement, which has led to the release of many pollutants into the environment. In addition, the widespread use of fossil fuels and other non-renewable energy sources has contributed to climate change, which is a major environmental problem facing the world today.

Overall, it is important to recognize that while ancient societies may not have had the same level of understanding or concern about the environment as modern societies, they still had an impact on their surroundings and were not immune to environmental issues. It is important for all societies, both ancient and modern, to consider the impacts of their actions on the environment and work towards finding solutions to environmental problems.

answer to power flower assignment walden university

Answers

Answer:

How do I supposed to answer it?

The is no questions here

Give examples of factors or criteria often used to determine higher wages for a particular job.

Answers

Some examples of factors or criteria often used to determine higher wages for a particular job include experience, industry of employment, and education level.

A wage is payment created by an employer to a worker for work exhausted a particular amount of your time. Some examples of wage payments embrace antagonistic payments like pay, prevailing wage, and yearly bonuses, and remunerative payments like prizes and tip payouts.

There's a clear correlation between education level and pay. Generally, the a lot of educated you're, the bigger your pay becomes. Jobs that need high levels of education and ability pay higher wages than jobs that need few skills and less education.

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The rate of interest charged by the Federal Reserve ("the Fed") to commercial banks for loans is
referred to as the
reserve rate
exchange rate
discount rate
retail rate

Answers

The rate of interest charged by the Federal Reserve ("the Fed") to commercial banks for loans is referred to as the discount rate. Option C.

This is further explained below.

What is the discount rate.?

Generally, The interest rate at which a central bank lends or advances money to commercial banks is known as the bank rate (or discount rate in American English).

A discount rate is a rate of return used in corporate finance to bring the value of future cash flows into line with current cash needs. Depending on the context, this rate may refer to the investors' expected rate of return (ROR), the company's Weighted Average Cost of Capital (WACC), or the rate at which the investment would fail to attract sufficient funds.

In conclusion, The discount rate is the interest rate at which the Federal Reserve ("the Fed") lends money to commercial banks. Pick C if you really want to.

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Early socialism was most concerned with

Answers

Answer:

sharing all property and means of production.

Explanation:

The early ideas of socialism, put together by Karl Marx and Frederick Engels did not want to abolish property, as it is often mistaken, but to abolish bourgeois property and share it equally among the classes. Early socialism concluded that too much political and economical power was in the ownership of the capitalist class that has the means of production of wealth such as banks, commerce, and factories. The idea was to seize these means of production and share them with the working class so it can be under their democratic control, instead of the rich having monopoly.

Rhetoric is the term for _______.
a) sharing empty talk with an audience
b) the delivery of a long, manipulative speech
c) an obsolete field of study from ancient Greece
d) the study of how language, argument, and narrative can persuade an audience

Answers

The answer is d) the study of how language, argument, and narrative can persuade an audience. The study of how language, argument, and narrative may influence an audience is known as rhetoric.

The study and application of spoken, written, and visual language are all included in rhetoric. It examines the ways in which language is used to establish and preserve social groupings, to build identities and meanings, to plan behaviour, to mediate power, to effect change, and to generate knowledge. Rhetoric discusses how words and symbols are used to create meaning, which helps to explain why some individuals and groups have certain opinions and beliefs. As a result, the study of rhetoric and communication is founded on an understanding of individuals as social actors and their common behaviours.

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Managers are strictly required to properly understand the role of Information
Systems in their organization. Failure to do so might have adversary effects on the
existence of their organization. In relation to role of IS in organization, there are
practical examples where IS has created a situation to replace roles organizations
have assumed for years in Ethiopian business environment. Mention at least two
organizations IN Ethiopia whose role has been replaced/ threatened by IS.

Answers

Travel Agencies and  traditional banking institutions have seen their roles threatened by Information Systems in the Ethiopian business environment.

Two organizations in Ethiopia whose roles have been replaced or threatened by Information Systems (IS) are:

1.Traditional Banking Institutions:

The emergence of digital banking and mobile payment systems has significantly impacted traditional banking institutions in Ethiopia. With the widespread use of Information Systems and technology, customers now have access to convenient and efficient banking services without the need for physical branches.

Mobile banking platforms, such as M-Birr and CBE Birr, have gained popularity, allowing users to perform transactions, transfer funds, and even access credit services directly from their mobile devices. As a result, traditional banking institutions have had to adapt and integrate IS into their operations to remain competitive in the evolving financial landscape.

2. Travel Agencies:

The advent of online travel booking platforms and applications has posed a threat to traditional travel agencies in Ethiopia. These Information Systems enable individuals to plan and book flights, accommodations, and other travel services directly from their devices. Platforms like Booking.com, Expedia, and Airbnb provide users with a wide range of options, competitive prices, and user-friendly interfaces.

As a result, traditional travel agencies that relied on manual processes and face-to-face interactions have experienced a decline in demand. To survive in this changing landscape, many travel agencies have had to embrace IS and establish their online presence to complement their traditional services.

It is important to note that while Information Systems have impacted these organizations, they have not completely eliminated their roles. Rather, these organizations have had to adapt and integrate IS into their operations to remain relevant and competitive in the digital era.

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Outline five reason why the state owns some business.​

Answers

There are several reasons why a state may own some businesses or enterprises. Some of the most common reasons include:

Providing essential services: Some businesses are considered essential to the functioning of society, but may not be profitable enough for private companies to operate. In such cases, the state may step in to provide those services directly. For example, many countries have state-owned utilities that provide electricity, water, and other critical services.

Generating revenue: State-owned businesses can also generate revenue for the government, which can then be used to fund other programs or services. For example, some countries have state-owned oil or gas companies that generate significant profits, which can then be used to fund education, healthcare, and other public services.

Ensuring stability: In some cases, the state may own businesses in order to ensure stability in a particular industry or sector. For example, if a particular industry is critical to national security or economic stability, the government may choose to own some or all of the companies operating in that sector.

Promoting social welfare: State-owned businesses can also be used to promote social welfare and economic development. For example, some countries have state-owned banks that provide low-interest loans to small businesses or farmers in order to support local economic growth.

Maintaining control: Finally, some governments may choose to own businesses in order to maintain greater control over the economy or society as a whole. This can be particularly true in authoritarian regimes, where the state may own many or all of the major businesses operating in the country.

Overall, the decision to own a business is typically driven by a combination of economic, political, and social factors, and can vary widely depending on the specific context and goals of the government in question.

Complete the chart to explain Enlightenment-era thinking inuences on the US government.

Answers

The explanation of how Enlightenment-era thinking influenced the US government is they gave the founding fathers the ideas of checks and balances, individual freedom, and government by the people

What is Government?

This refers to the group of people that have the power and authority to govern a state.

Hence, we can see that enlightenment thinking greatly influenced the American founding fathers in the creation of the Constitution and the Bill of Rights.

Thus, the explanation of how Enlightenment-era thinking influenced the US government is they gave the founding fathers the ideas of checks and balances, individual freedom, and government by the people

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What factor contributes most to the sustainability of a habit? One saw and 4 hammers cost $72. Two saws and 6 hammers cost $114. How much does each item cost? object has a mass of 0.5 kg and is 1.9 meters above the ground. What is PEg? How much time is 4% in 24 hours? Please need help Solve for f. 1 p + 1 q = 1 f Translate no se como poner el enjuage porque se sierra y no habre. What is the difference between a compound and a molecule The gastrointestinal (GI) tract is also known as the blank canal. If a + b = c, then which of the following are also true? Select all that applyOptionsa - b = cb + a = cc + a = bc - a = bc - b = a How many boards 6 5/6 in wide will cover floor 205 in wide How does the government address the negative externality at cigarette industries ? Explain using economic theory and illustrate it on a diagram. Suggest an alternative way in which the market failure associated with negative externality can be addressed in your case study. Use real data from your case study and explain using economic theory and diagrams. Which of the following are etiquette guidelines that promote positive workplace conversations? Check all that apply.Give sincere and specific praiseRecognize people for good workAvoid negative remarksChoose appropriate conversational topics pls help its due in 10 minutes most heroin users report they were given their first heroin by who? Mari spends $6 on cheese for a party she also plans to buy b boxes of crackers that cost $3 per box Please answer please will give brainliest Under the United States Constitution, which of the following is part of the Executive branch?A: The SenateB: the House of RepresenativesC: the vice presidentD: the Supreme Court Draw and label three-dimensional figures to represent thebeaker and the bowl. help me answer this. TRUE/FALSEchlorophyll is in chloroplast which is located in the mesophyll of leaves