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galben [10]
1 year ago
10

Let's suppose that the demand for allergists increases in california. assuming there is a perfectly competitive market for aller

gists in california:_________
Business
1 answer:
densk [106]1 year ago
8 0

Let's suppose that the demand for allergists increases in California. assuming there is a perfectly competitive market for allergists in California :

Allergists from other states (or countries) could move to California.

Surgeons, hematologists, and other doctors in California could become allergists after some retraining.

More people could enter medical school, specialize in allergies, and move to California.

A competitive market is an economic term that refers to a market in which there are a large number of buyers and sellers and no single buyer or seller can influence the market. A competitive market has no barriers to entry, many buyers and sellers, and homogeneous products.

In economics, especially general equilibrium theory, perfect markets, also called atomistic markets, are defined by several idealized conditions collectively known as perfect or atomistic competition.

Learn more about competitive market here: brainly.com/question/8753703

#SPJ4

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Suppose capital is readily substitutable for labor and that the price of capital falls. We can conclude that the :______________
Luda [366]

Answer:

Option C: substitution effect will tend to reduce the demand for labor

Explanation:

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3 years ago
Tate Company purchased equipment on November 1, 2020 and gave a 3-month, 9% note with a face value of $120,000. Tate’s year-end
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Answer: Debit Interest Expense and credit Interest Payable, $1,800

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The amount of time that has elapsed between the 1st of November and the 31st of December is 2 months.

This means that the interest over the last 2 months has to be calculated and recorded on the 31st of December.

Bear in mind that the 9% is an annual interest rate figure and so when calculating the interest, you must adjust for the amount of months in the year.

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The correct entry will therefore be,

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CR Interest Payable $1,800

( To record interest payable on note)

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