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Assoli18 [71]
2 years ago
8

In the market for cell phones, if the supply of cell phones increases what will happen to the price and quantity of cell phones?

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Business
1 answer:
charle [14.2K]2 years ago
3 0

If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.

<h3>What is the impact of an increase in the price of cell phones?</h3>

When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.

At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.

To learn more about an increase in supply, please check: brainly.com/question/14727864

#SPJ1

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The following data come from the financial records of Campbell Corporation for Year 3: Sales $ 840,000 Interest expense 5,000 In
kumpel [21]

Answer:

the times was interest earned in Year 3 is 11.2 times

Explanation:

The computation of the times interest earned ratio is given below:

The times interest earned ratio is

= (Net income+ Income tax expense+ Interest expense) ÷ Interest expense

= ($25,500 + $25,500 + $5,000) ÷ $5,000

= 11.2 times

Hence, the times was interest earned in Year 3 is 11.2 times

The same is to be relevant

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3 years ago
In picking the smoothing constant for an exponential smoothing model, we should look for a value that______________.
kicyunya [14]

Answer:

Answer is the one which produces values which compare well with actual values based on a standard measure of error.

Explanation:

Exponential smoothing is one means of preparing short-term sales forecasts on a routine basis. To use exponential smoothing, however, one must decide the proper values for the smoothing constants in the forecasting model. One method for selecting the smoothing constants involves conducting a grid search to evaluate a wide range of possible values.

Exponential smoothing forecasting methods use constants that assign weights to current demand and previous forecasts to arrive at new forecasts.   Their values influence the responsiveness of forecasts to actual demand and hence influence forecast error. Considerable effort has focused on finding the appropriate values to use.

One approach is to use smoothing constants that minimize some function of forecast error. Thus, in order to select the right constants for forecasting, different values are tried out on past time series, and the ones that minimize an error function like Mean Absolute    Deviation (MAD) or Mean Squared Error (MSE) are the ones used for forecasting

3 0
3 years ago
PLEASE HELP ME IM STUCK ON THIS
iren [92.7K]
C because it’s something you pay every month
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3 years ago
Read 2 more answers
Which of the following is TRUE? " When a market price allocates resources, everyone who is able to pay the price gets the resour
sladkih [1.3K]

Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.

Explanation:

The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.

For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.

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3 years ago
Paul Rodriguez is the President of WV Railroad. His organization faces issues related to the environment, government regulation,
Ivanshal [37]

Paul Rodriguez who is the President of WV Railroad will need to rely primarily on his <u>Conceptual skills </u>to combat the challenges faced by his organization.

<h3>What are Conceptual Skills?</h3>

Conceptual skills refer to the competence and ability to see the overall organization, grasp how the various elements are interrelated, and analyze how the organization interacts with its external environment.

Conceptual skills also include the capacity to recognize and solve challenges. These abilities enable Presidents or managers of an organization to assess events and devise alternate strategies.

For Paul Rodriguez to combat the challenges faced by his organization, He needs to focus primarily on his conceptual skill as it gives him the ability to:

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Learn more about conceptual skills here:

brainly.com/question/4382381

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