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Levart [38]
1 year ago
6

the price of summer cabins. as summer​ approaches, the equilibrium price of rental cabins increases and the equilibrium quantity

of cabins rented increases.
Business
1 answer:
Roman55 [17]1 year ago
4 0

the price of summer cabins. as summer​ approaches, the equilibrium price of rental cabins increases, and the equilibrium quantity of cabins rented increases increase in demand.

When the price falls below the equilibrium price, the quantity demanded exceeds the quantity supplied, creating an excess demand (short supply) for the product. In other words, consumers want to buy more than producers are willing to sell. This mismatch between supply and demand drives up prices.

Price movements cause equilibrium movement along the supply curve. Such a movement is called a change in supply. Like changes in demand, changes in supply do not shift the supply curve. By definition, it is moved along the supply curve.

Learn more about equilibrium at

brainly.com/question/517289

#SPJ4

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There is no demand for a certain commodity when the unit price is $200 or more, but the demand increases by 200 units for each $
nikitadnepr [17]

Answer:

y = -0.05x + 200

Explanation:

Two points are available ($200, 0), ($190, 200)

We find the equation from these two points.

Slope = (190-200)/(200 -0) = -10/200 = -0.05

Now, we write the equation of line with scope m=-0.05 and point (0. 200)

y-200 = -0.05(x-0)

y = -0.05x + 200 (Demand equation)

8 0
3 years ago
Which of the following is not a component included in a standard business plan? a. implementation plan b. organization plan c. m
timama [110]

Answer:

<u>Its D </u>

Explanation:

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3 years ago
The hotel chain Ritz-Carlton uses the phrase "Ladies and gentlemen taking care of ladies and gentlemen" to demonstrate the compa
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The company is expressing its key corporate value with a slogan is the Ritz-Carlton using to express its corporate culture.

Explanation:

The fundamental beliefs about which your organisation and your actions are founded are corporation values, also recognised as corporate values or fundamental values.

They are the concepts that your company uses to control its internal investigations and customer interactions.

Your core values if established must be strong and uncompromising – a guideline instead of a suggestion. They might affect each aspect of your business, from benefits for employees and culture throughout the work environment to marketing techniques and customer support.

6 0
2 years ago
Future Value of Multiple Annuities Assume that you contribute $150 per month to a retirement plan for 20 years. Then you are abl
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Answer:

$641,455.26

Explanation:

Calculation to determine the value of your retirement plan after 40 years

First step is to determine FV Using financial calculator

N = 40*12 = 480

I = 8%/12 = .6667

PV = 0,

PMT = $150

CPT FV =$523,651.17

N = 20*12 = 240

I = 8%/12 = .6667

PV = 0

PMT = $200 ($350 - $150)

CPT FV =$117,804.08

Now let determine the value of your retirement plan after 40 years

Sum of FV =$523,651.17+$117,804.08

Sum of FV =$641,455.26

Therefore the value of your retirement plan after 40 years will be $641,455.26

5 0
3 years ago
A seller received a rental payment of $100 in advance. At closing, the seller has "earned" only $32 of this rent. What should ap
allsm [11]

Answer:

$68 appears as the amount unearned but received (or still paid in advance) in the closing statement

Explanation:

Amount received in advance = $100

Amount earned = $32

Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned

Amount (in advance at closing) = $100 - $32

                                                    = $68

The amount that will appear in the closing statement as rental payment still in advance is $68.

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2 years ago
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