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2 years ago

The difference between a change in supply and a change in the quantity supplied is that the latter is:.

1 answer:

5 0

A change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in the supply curve.

<h3>What is a supply curve?</h3>

The supply curve is a positively sloped curve that shows how quantity supplied changes with price of the good. All things being equal, the higher the price of the good, the higher the quantity supplied.

<h3>What is a change in supply and a change in quantity supplied?</h3>

A change in quantity supplied is as a result of a change in the price of the good. If price increases, quantity supplied increases and if it decreases, quantity supplied decreases.

A change in supply is caused by other factors other than price. Some of these factors include:

A change in the number of suppliers
The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward.

To learn more about supply curves, please check: brainly.com/question/26073189

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When driving in the city, _____ may help you avoid traffic, but they may not be as safe or they may increase your travel time be

Darya [45]

The correct answer is side streets.
If you are in a hurry, it may be better to take a different route and drive through side streets in order to avoid the traffic which is usually present in the more 'popular streets.' However, side streets have a lot of traffic control lights, which may slow down your ride even more.

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3 years ago

Read 2 more answers

Which of the following are objects that can fulfill needs or wants?

ycow [4]

Answer:

the word objects makes me think B. also, wants can be fulfilled by objects, not tools or economics.

Explanation:

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2 years ago

An analysis of stockholders' equity of Hahn Corporation as of January 1, 2010, is as follows:

charle [14.2K]

Answer:

Additional paid-in capital is $904,200

Explanation:

Number of shares, issued and outstanding = 93,000 shares

Acquired 2,460 shares of its stock for $75,000.

Sold 2,000 treasury shares at $35 per share.

Sold the remaining 460 treasury shares at $20 per share.

i) Acquired 2,460 shares of its stock for $75,000.

= Treasury Stock Dr $75,000

ii) Sold 2,000 treasury shares at $35 per share.

Treasury Stock (2,000 × $35) = Dr $70,000

iii) Sold the remaining treasury shares at $20 per share.

Treasury Stock (460 × $20) = Dr $9,200

Total Treasury Stock = $75,000 - $70,000 - $9,200

= ($4,200)

Paid in Cap-tresury stock= 10,000-5000=5000

Additional Paid in capital = Paid in Capital - treasury stock

= 900,000 + 4,200 = $904,200

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3 years ago

A top performing used car salesman is able to sell his cars to each customer at their maximum willing to pay, a practice known a

ira [324]

Answer: B. Perfect price discrimination

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2 years ago

The following amounts were selected from the production report of Chandon Corporation: Actual units in production 42,000 Equival

SpyIntel [72]

Answer:

Total cost is equal to $81300

So option (c) will be correct answer.

Explanation:

Actual unit of production = 42000

Cost of per equivalent material = $1.10

Equivalent cost of material = $=42000\times1.1=46200$ $

Equivalent cost of labor = $=39000\times 0.9=35100$ $

Therefore total cost of production = $46200+$35100 = $81300

So total cost will be $81300

Therefore option (c) is the correct answer

5 0

3 years ago