<span>The equilibrium price will go down and equilibrium quantity will be indeterminate.
Bumper crop refers to a situation when a certain type of crop exeprience sudden bump in productivity. If at that exact time more people become allergic to this crop, the crop would be overly stocked in the warehouse and the owner would most likely sell it at lower price.</span>
Cross price elasticity refers to the measure of responsiveness of the quantity demanded of a product to a change in price of another good.
From the question given above,
cross price elasticity = -20% / 10% = -2.
The cross price elasticity for the goods above is - 2. Which means that the goods are not substitutes.
A positive cross price elasticity which is greater than zero means that the goods are substitutes.
Answer:
An intrapreneur
Explanation:
An intrapreneur is an employee who is granted the permission to make a new commodity without having to be worried if the product will actually become a source of profit for the company. Unlike an entrepreneur, who encounters personal risk when a product fails to yield profit , an intrepreneur will continue to receive a salary even if the product does not make it to production.
However, an intrapreneur has full access to the resources and capabilities of the organisation.
A shortage exists when the quantity demanded is greater than the quantity supplied.
<h3>What is
shortage ?</h3>
- Shortage means that the Seller does not have sufficient quantities of the Products at the Delivery Location due to lost or failed quantity shipments, exhausted inventory, or for any reason unable to ship the Products to the Delivery Location. .
- Examples of shortage are food, water, energy and labor.
- Changes in demand or supply can occur for a variety of reasons.
- Not all are related to price changes.
- Rarity and rarity are two different things, and certain economic rarity characteristics set them apart.
- From an economic point of view, a bottleneck occurs when demand exceeds supply.
- Supply and demand must match in order for the market to remain in equilibrium.
- Otherwise, there will be excess and deficiency.
To learn more about shortage from the given link :
brainly.com/question/28457260
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Answer:
To make a balance sheet in Excel from T-accounts data follow the below steps.
Explanation:
To make a balance sheet in Excel from T-accounts data follow the below steps.
Add current assets by giving link to the T-accounts data for example click on the cell where Current assets amount is to be added as "Cash" write = in the cell and click on the amount of cash balance available at the T-accounts.
Apply same to all accounts.
Current assets will include cash and supplies, Current liabilities will include notes payable and accounts payable and non-current assets will include land and equipment and common stocks will be added in equity.
Total current assets total will be calculated by writing "=SUM" then select the cells that needs to added together and press enter.
Apply same to all head accounts.
