1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetllana [295]
2 years ago
14

Suppose the market for plain white t-shirts is perfectly competitive and in long-run equilibrium. Now suppose the demand for pla

in white t-shirts increases. When the market for plain white t-shirts reaches a new long-run equilibrium, how will the market compare to the market before the increase in demand
Business
1 answer:
yan [13]2 years ago
4 0

In the new long-run equilibrium, there would be an increase in the number of suppliers of t-shirts.

<h3>What would happen when the demand for plan white t-shirts increase?</h3>

A perfect competition is when there are many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply.

When demand for t-shirts increase, there would be an excess of demand over supply. This would lead to a shortage. This would increase the price of t-shirts. In the long run, more suppliers would enter into the industry and this would increase supply of t-shirts. As a result, equilibrium would be restored.

To learn more about perfect competition, please check: brainly.com/question/17110476

#SPJ1

You might be interested in
______________ knowledge refers to the entrepreneur's possession of information, technology, know-how, and skills that provide i
olga_2 [115]

Answer:

The correct word for the blank space is: Market.

Explanation:

Market knowledge refers to the collection of information about the business and all its resources being offered to the market. It does not only help entrepreneurs to have a better understanding of what the firm is and what it can do but also allows them to improve the decisions they take to direct the business process towards the organizational goal.

6 0
3 years ago
Handy Man, Inc., has zero coupon bonds outstanding that mature in eight years. The bonds have a face value of $1,000 and a curre
AnnZ [28]

Answer:

5.657%

Explanation:

Data provided:

Face value = $1,000

Current market price = $640

Time of maturity, t = 8 year

Now,

the compounding formula is given as:

Face value = Current amount × (1+\frac{r}{n})^{nt}

where,

r is the rate i.e pretax rate of debt

n is the number of times the interest is compounded i.e for semiannual n = 2

thus, on substituting the values, we get

$ 1,000= $ 640 × (1+\frac{r}{2})^{2\times8}

or

1.5625 = (1+\frac{r}{2})^{16}

or

(1+\frac{r}{2}) = 1.0282

or

r = 0.05657

or

pretax cost of debt = 0.05657 × 100% = 5.657%

3 0
3 years ago
Which fast food chain did forrest and leroy raffel start in 1964?
Nikitich [7]

They started Arby's. Thank you for coming to brainly and I hope I was able to answer your question.

3 0
3 years ago
Although generous disability insurance can help those who have been permanently injured, it can also increase the likelihood tha
emmasim [6.3K]

Answer:

B, Indirect incentive

Explanation:

An incentive is anything that motivates an individual to behave in a certain way. An incentive could range from money to many other things and it is the reason why an individual acts in a certain way.

For example, salary and bonuses are incentives for workers. This makes the worker work better and harder and more efficiently because he/she knows that there is something to encourage him for doing his/her work diligently.

Incentive can be direct or indirect as in the case of the above question.

In the case of the above question, a generous disability insurance can motivate workers to falsely claim to be disabled. This means that the financial implication of the insurance package for disability is most likely the only reason for workers to claim false disability.

Cheers.

4 0
3 years ago
Rosie's flowers company in tulips, ohio, uses an e-commerce software program on its website to allow customers to enter their ow
Anna71 [15]
<span>Rosie's Flowers Company follows a B2C model. This is also known as a business to consumer model. It is when a business has transactions that are directly between the company and the consumers. The consumers are the end users of the products or services.</span>
5 0
4 years ago
Other questions:
  • Suppose that price is below the minimum average total cost (atc) but above the minimum average variable cost (avc), and the mark
    13·1 answer
  • MC 07 Countries A, B, and C are at a particular... Countries A, B, and C are at a particular level of economic integration. All
    8·1 answer
  • Beck Manufacturing reports the information below for 2017. Raw Materials Inventory Begin. Inv. 10,000 Purchases 45,000 Avail. fo
    11·1 answer
  • If a gain of $221000 is realized in the cash sale of a building having a book value of $882000, the total amount reported in the
    11·1 answer
  • Carmie Iria, the director of a systems project committee, has received management approval for the implementation of a new accou
    14·2 answers
  • Gonzo Co. owns a building in Georgia. The building’s historical cost is $970,000, and $440,000 of accumulated depreciation has
    11·1 answer
  • Santana Company exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the o
    14·1 answer
  • Free 100 points + brainliest to Ambitious or below, will not give brainliest if higher than amb
    7·2 answers
  • Give any two examples of leakages​
    15·1 answer
  • Burning one gallon of gasoline in a car releases approximately 20 pounds of CO2 into the atmosphere. One average person drives 6
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!