WebVerified answer. accounting. The understatement of the ending inventory balance causes: A. Cost of goods sold to be overstated but net income will be correct. B. Cost of goods sold to be overstated and net income to be understated. C. Cost of goods sold to be overstated and net income to be overstated. D. Cost of goods sold to be understated ... http://www.differencebetween.net/language/words-language/difference-between-surplus-and-shortage/

What causes surplus and shortages? - Answers

WebStudy with Quizlet and memorize flashcards containing terms like When the quantity demanded and quantity supplied in a market are equal, the market is said to be in a. excess demand. b. excess supply. c. fixation. d. equilibrium., Which curve shows the relationship between the price of a good and the quantity that consumers are willing to purchase at … WebVerified answer. accounting. The understatement of the ending inventory balance causes: A. Cost of goods sold to be overstated but net income will be correct. B. Cost of goods … smart board projector model number

What causes surplus and shortages? - Answers

WebSummary. Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity … Web1 de dez. de 1998 · We call a surplus caused by the minimum wage “unemployment.”. A wage floor hits workers with limited skills, primarily young people. According to The Economist, in 1997 the average unemployment rate among workers under 25 was three times greater than the average unemployment rate among those 25 or older (June 27, … Web2 de set. de 2024 · Difference Between Surplus and Shortage The state of balance or rest due to the equal action of opposing factors, commonly referred to as equilibrium, affects supply and demand. When economic forces are not in balance, a surplus and shortage may be experienced. This causes disruptions in the market, and if not controlled, can … hill pick