All categories

2 years ago

S

1 answer:

6 0

The statement "Eventually, when the price of the phone fell to $300, demand for the product increased and profits began to soar." describes an equilibrium in supply and demand.

<h3>What is an equilibrium in supply and demand?</h3>

This refers to a situation whereby there is a balance in market supply and demand balance which as a result prices become stable.

Because there is a fall in phone price made the demand for the product increased and profits began to soar, this is an example of an equilibrium process.

Therefore, the Option C is correct.

You might be interested in

A party to a lawsuit that has an actual stake in the outcome of the case has:

MrMuchimi

I believe the answer is Legal standing.
People who had a legal standing are the one that will recieve either harm or benefit after a decision is made.
The amount of involvement that certain parties had in the case will determine how much involvement the party is allowed to influence the case.

3 0

3 years ago

Read 2 more answers

In a business combination in which an acquiring company purchases 100% of the outstanding common stock of another company, if th

spin [16.1K]

Answer:

It will be reported as gain.

Explanation:

If the fair value of the net identifiable assets acquired exceeds the fair value of the consideration given (purchase cost) will be a negative goodwill.

It will be due to "bargain purchase" and the accounting records the "negative goodwill" as a gain in the income statment

4 0

3 years ago

2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimate

Kazeer [188]

Answer: Hello your question has some missing details hence I will provide an answer based on the general scope of your question

answer ; =([Cost] * 1.07)

Explanation:

Assuming the table heading for estimated cost in July 2014 is named "Cost"

Total estimated cost

Total = Cost * ( 1 + Sales Tax )

= Cost * ( 1 + 0.07 )

= Cost * 1.07

Excel equivalent formula used that can be used = ([Cost] * 1.07)

5 0

3 years ago

Napoleon owns Napoleon's Construction. He agrees to renovate Mrs. Cernan's bathroom. According to Internal Revenue Service (IRS)

VMariaS [17]

ammi s favorite sport is

a_

8 0

2 years ago

Prior to the early twentieth century, a worker who was injured on the job could collect damages only by suing his employer. To

soldi70 [24.7K]

Answer:

Wages would fall due to an increase in labor costs.

When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.

This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.

3 0

3 years ago