NASTY AND ALSO THE GUY THE ANSWERED IS NOW BANNED HAHAHA
Answer:
A) price will increase and quantity increase.
Explanation:
An increase in demand means more customers are willing and can afford to buy a product. Holding the other factors constant, an increase in demand results in many potential buyers chasing very few goods. The competition for the few goods leads to an increase in their prices. The equilibrium point moves up the graph to a new higher position as a result of an increase in demand.
As per the law of supply, quantity supplied increases as prices rise. Profit motives drive all business establishments. As prices increase due to increased demand, suppliers will be motivated to supply more to take advantage of high prices.
Answer:
(a) = $468
(b) = 52%
(c) = $144
(d) = 28%
(e) = $1150
(f) = $920
Explanation:
selling price variable cost contribution margin contribution ratio
1. $900 $432 (a) $ (b)%
2. $200 $ (c) $56 (d)%
3. $ (e) $(f) $230 20%
contribution = selling price - variable costs
Margin contribution ratio = contribution / sales
Variable cost = selling price - contribution
Selling price = contribution / margin contribution ratio
Answer:If the firm had sharp seasonal sales patterns, or if it grew rapidly during the year, many ratios would most likely be distorted.
Explanation: Fluctuations in Economics patterns have distorting effects on the ratios of a company or an economy especially if the the seasonal patterns has been consistent for a certain period. THE VALIDITY OF MOST RATIOS ARE SEVERELY AFFECTED BY SHARP CHANGES WHICH MAKES ECONOMIC WATCHERS FEEL THE RATIOS ALREADY ANALYSED ARE NOT VALID.
A consistent flow pattern is desired in an economy and in business Organisation as it helps to give Economic watchers enough confidence in the ratios already existing.
Answer:
- ,000 new apartments will make the equilibrium price = $1,500
- 10,000 new apartments will make the equilibrium price = $1,000
- 15,000 new apartments will make the equilibrium price = $500
Explanation:
<u>Rent</u> <u>Demand</u> <u>Supply</u>
2,500.00 10000 15000
2,000.00 12500 12500
1,500.00 15000 10000
1,000.00 17500 7500
500.00 20000 5000
The equilibrium quantity is 12,500 apartments with a $2,000 rent per month. If the government wants to lower the equilibrium rent price by increasing the supply of apartments, then it must build:
- 5,000 new apartments will make the equilibrium price = $1,500
- 10,000 new apartments will make the equilibrium price = $1,000
- 15,000 new apartments will make the equilibrium price = $500
