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12345 [234]
1 year ago
12

What would happen to the equilibrium price and quantity for llama sculptures as a result of the price decrease of the porcelain

sloths? explain.
Business
1 answer:
chubhunter [2.5K]1 year ago
5 0

The equilibrium price and quantity for llama sculptures would fall as a result of the price decrease of the porcelain sloths. Being that they are substitute goods, a fall in price of the sloths would lead to a decrease in the demand for the llama sculptures.

An equilibrium price, additionally known as a market-clearing charge, is the consumer price assigned to some product or service such that deliver and call for are equal, or close to identical. The manufacturer or vendor can promote all the devices they want to transport and the consumer can get right of entry to all the units they need to shop for.

What's equilibrium price and demand?

The equilibrium price is in which the supply of goods fits call for. when a chief index stories a duration of consolidation or sideways momentum, it may be said that the forces of deliver and call for are fantastically equal and the market is in a nation of equilibrium.

What's particular approximately an equilibrium price?

An equilibrium price is particular due to the fact it's far the only charge at which amount demanded and quantity furnished are same. it's miles the price that corresponds with the intersection of the supply and call for curves.

What's the maximum essential characteristic of the equilibrium price?

The most critical function of the equilibrium price is that it: clears the market, leaving neither a surplus nor a scarcity.

Learn more about equilibrium price here:- brainly.com/question/22569960

#SPJ4

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3 years ago
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Dj, inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860.
jenyasd209 [6]

The above answer can be explained as under -

Given,

Current Liabilities =  $ 4,590

Net working capital = $ 2,170

So, the current assets will be calculated as under -

Net working capital = Current assets - Current liabilities

$ 2,170 = Current assets - $ 4,590

Current assets =  $ 2,170  + $ 4,590

Current assets = $ 6,760

The liquid or quick assets will be calculated as -

Current assets - Inventory = Quick assets

Quick assets = $ 6,760 - $ 3,860

Quick assets = $ 2,900.

Now,

1. Current ratio = \frac{Current assets }{Current Liabilities}

Current ratio = \frac{$ 6,760 }{$ 4,590} = 1.47

2. Quick ratio = \frac{Quick assets }{Current Liabilities}

Quick ratio = \frac{$ 2,900 }{$ 4,590} = 0.63

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2 years ago
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A likely outcome of increased self-knowledge is:
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Greater understanding of your in tensions by those you lead
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3 years ago
While the four Ps help us remember the basics components of the __________, they don't have significant relevance in the marketi
Paul [167]

Answer:

Marketing mix.

Explanation:

The said term is said to be an inclusion of certain multiple areas of focus as a vital body used to explain a comprehensive marketing plan. It clearly points to a certain classifications which are common that began as the four Ps which has the inclusion of factors like product, price, placement, and promotion. All these factors are of the marketing mix and are known to influence each other. They make up the business plan for a company and handled right, can give it great success. It is of great value too because of its help in focusing on a marketing mix helps organizations make strategic decisions when launching new products or revising existing products.

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Which of the following is an arbitrage opportunity?
FromTheMoon [43]

Answer:

D. The bank offers you a loan at 4% interest and a savings account that pays 5% interest.

Explanation:

<em>Arbitration</em> is a <em>financial strategy</em> that consists of the price difference between different markets on the same financial asset to obtain an economic benefit, usually without risk.

To perform arbitration, complementary operations (buy and sell) are carried out at the same time and wait for prices to adjust. The arbitration takes advantage of this divergence and obtains a risk-free gain. In other words, the arbitrajista is positioned short (sells) in the market with higher price and long (purchase) in the market with lower price. The benefit would come from the difference between the two markets.

7 0
3 years ago
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