Describe what happens in the market for smartphones. In the short​ run, firms will​ . A. make an economic profit B. incur an economic loss C. continue to break even Some firms will​ the​ market, and the market supply curve will shift​ . A. ​enter; leftward B. ​enter; rightward C. ​exit; rightward D. ​exit; leftward

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.