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
AnnZ [28]
2 years ago
14

When the demand curve shifts to the left and all else is held constant, the equilibrium price ________ and the equilibrium quant

ity ________.
Business
1 answer:
rewona [7]2 years ago
6 0

When the demand curve shifts to the left and all else is held constant, the equilibrium price <u>falls</u> and the equilibrium quantity <u>falls</u>.

<h3>The types of chart.</h3>

In Economics, there are two main types of chart that can be used to illustrate the relationship between the total quantity of goods or services that are demanded by consumers and the total quantity of goods or services that were supplied by a manufacturer (producer) at a particular price and these include the following:

  • Supply schedule
  • Demand schedule

<h3>What is an equilibrium?</h3>

An equilibrium can be defined as the point on a supply and demand chart where the demand curve and the supply curve intersect.

In conclusion, the equilibrium price and the equilibrium quantity would <u>fall</u> when the demand curve shifts to the left and all else is held constant.

Read more on equilibrium here: brainly.com/question/2000166

#SPJ1

You might be interested in
Robert treats coffee and creamer as perfect complements and has very specific requirements for the ratio of creamer to coffee. H
diamong [38]

Answer:

a. Robert's optimal consumption bundle contains <u>9.18</u> cups of coffee and <u>45.88</u> packets of creamer.

b. Zero packets of creamer is the substitution effect.

Explanation:

a. Suppose that Robert has $39.00 to spend on coffee and creamer. His optimal consumption bundle contains _______cups of coffee and _________

The consumption ratio can be stated as follows:

5 Creamer = 1 cup of coffee

Budget line has an equation can also be given as follows:

B = (Pm * Qm) + (Pf * Qf) ...................... (1)

Where;

B = Budget = The amount Robert has to spend on coffee and creamer = $39.00

Pm = Price of creamer = $0.25

Qm = Quantity of creamer = ?

Pf = Price of coffee = $3.00

Qf = Quantity of coffee = ?

39 = (0.25 * Qm) + (3 * Qf)

39 = 0.25Qm + 3Qf

Since "5 Creamer = 1 cup of coffee". This also implies thal 1 creamer = 1 / 5 cup of coffee. Therefore, we have;

39 = 0.25Qm + (3 * 1/5 * Qm)

39 = 0.25Qm + (3/5)Qm

39 = 0.25Qm + 0.60Qm

39 = 0.85Qm

Qm = 39 / 0.85

Qm = 45.88

Qf = 45 / 5 = 9.18

Therefore, Robert's optimal consumption bundle contains <u>9.18</u> cups of coffee and <u>45.88</u> packets of creamer.

b. Now, suppose that the price of creamer rises to $0.50 per packet. What is the substitution effect of this price change?

Since Robert treats coffee and creamer as perfect complements, this implies that there there is nothing like substitution effect under this condition.

Therefore, zero packets of creamer is the substitution effect.

6 0
3 years ago
Mercy Hospital is considering a project that is expected to reduce the hospital's annual operating costs by $250,000 per year be
gizmo_the_mogwai [7]

Answer:

$650,000

Explanation:

The computation of the expected net cash flow for the year 1 is shown below:

= Annual operating cost reduced + expected revenue generated per year in the year 1

= $250,000 + $400,000

= $650,000

By adding the annual operating cost, and the expected revenue generated we get the project expected net cash flow for the year 1

5 0
3 years ago
A company wants to create a dynamic survey that navigates users through a different series of questions based on their previous
miskamm [114]

Answer:

Visualforce and Apéx

Explanation:

Visualforce is defined as a programming language that is peculiar to Salesforce. It is mostly used among developers to build and personalized user interface.

The Visualforce controller is a set of instructions that specifies what occurs in a program.

Apéx on the hand, is considered to be a proprietary language built by Salesforce.com. It is mainly used to execute flow and transaction control statements on the Force.com platform server in conjunction with calls to the Force.com API.

Hence, in this case, with the help Visualforce and Apéx, a company will be able to create a dynamic survey that navigates users through a different series of questions based on their previous responses.

7 0
2 years ago
Alternative A would involve substantial fixed but relatively low variable costs: fixed costs would be $250,000 per year, and var
stepladder [879]

Answer:

From zero to 33 boats option B would be best

Explanation:

Assuming the first alternative (A)is 250,000 fixed and 500 per boat

second (B) 2,500 cost per boat

and third (C) 50,000 fixed and 1,000 cost per boat

We want' to know at which level B would be the best option

we want to know when alternative C or A have a cost of 2,500 or lower:

A:

500 + \frac{250,000}{Q} = 2,500

\frac{250,000}{2,500 - 500} = Q

Q = 125

From this point, as fixed cost will be distribute among more units, the cost will decrease meaking C better than B

C:

1,000 + \frac{50,000}{Q} = 2,500

\frac{50,000}{2,500 - 1,000} = Q

Q = 33.33

From this point, as fixed cost will be distribute among more units, the cost will decrease meaking A better than B

From zero to 33 boats option B would be the best of the three options

6 0
3 years ago
The ledger of Shamrock, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.
romanna [79]

Answer and Explanation:

The adjusting entries are as follows:

1 Insurance expense Dr $310

           To Prepaid Insurance  $310

(Being insurance expense is recorded)  

2 Supplies expense Dr $1,650 ($2,610 - $960)

           To Supplies $1,650

(Being supplies expense is recorded)  

3 Depreciation expense Dr $150

           To Accumulated Depreciation - Equipment $150

(Being depreciation expense is recorded)  

4 Unearned service revenue Dr (two-fifth of $12,000) $4,800

           To Service Revenue $4,800

(Being service revenue is recorded)

3 0
2 years ago
Other questions:
  • RISK vs. Return Math Quiz
    15·1 answer
  • A manager who possesses knowledge of the process, equipment, and potential problems of an industry would possess what type of ma
    12·1 answer
  • Trent is having trouble answering some of the questions the interviewer is asking him. Trent could have prevented this by:
    9·1 answer
  • A study of about 1,800 U.S. colleges and universities resulted in the demand equation q = 9,900 − 2p, where q is the enrollment
    9·1 answer
  • Growth of specialization in the kinds of jobs people hold __________. has slowed dramatically since the 1970s, along with the de
    15·1 answer
  • Which of the following statements about taxes is FALSE?
    10·1 answer
  • Bob is a student at Fresno State University who recently got his first F. Now he has to make a decision about how to get his gra
    8·1 answer
  • Which of the following statements about the relationship between interest rates and bond prices is true? Multiple Choice There i
    5·1 answer
  • The ________, which replaces workers with technology, is another cause of the changes in the job market.
    5·1 answer
  • 1 Cash 15,000 2 Bank 22,000 3 Account Receivable 41,000 4 Goodwill 60,000 5 Merchandinse 1-1-2021 31,000 6 Furniture 70,000 7 Bu
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!