He graph shows excess demand. a graph titled excess supply has quantity on the x-axis and price on the y-axis. a line with positive slope represents supply and a line with negative slope represents demand. the lines intersect at the point of equilibrium (p star, q star). a point on the demand line is (p 2, quantity demanded) and a point on the supply line is (p 2, quantity supplied). both points are lower than the point of equilibrium. excess demand is indicated between the 2 points. which needs to happen in order to stop disequilibrium from occurring?
a. q needs to be coordinated with supply.
b. q needs to be coordinated with demand.
c. the price of goods needs to be increased.
d. the price of goods needs to be decreased.

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?