Transactions interstate delivery service is owned and operated by katie wyer. the following selected transactions were completed by interstate delivery during may: indicate the effect of each transaction on the following accounting equation elements (assets, liabilities, common stock, dividends, revenue, and expense). also indicate the specific item within the accounting equation element that is affected. to illustrate, the answer to (1) follows: (1) asset (cash) increases by $18,000; common stock increases by $18,000. element item direction 1. received cash in exchange for common stock, $18,000. asset cash increases common stock increases

Suppose matt and bree go out to get pizza. they order breadsticks and a large pepperoni pizza. after eating the breadsticks, and one piece of pizza bree decides to have an additional piece, but she does not eat a third piece. if bree is a rational individual why did she not eat the third piece of pizza? the marginal cost of the

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.