Business, 06.04.2021 21:00 jasminechambers642
What happens when demand for a good increases but its supply decreases?
O A. Government rationing takes place.
B. Competition among producers decreases.
C. The price for the good increases.
O D. The level of profit increases.
Answers: 1
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The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
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What happens when demand for a good increases but its supply decreases?
O A. Government rationing t...
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