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Molodets [167]
2 years ago
7

________ means the supply curve has shifted to the right, while ________ refers to a movement along a given supply curve in resp

onse to an increase in price.
Business
1 answer:
Flauer [41]2 years ago
5 0

<u>An increase in supply</u><u> means the supply curve has shifted to the right, while </u><u>an increase in quantity supplied </u><u>refers to a movement along a given supply curve in response to an increase in price.</u>

What would shift a supply curve down and to the right?

  • In contrast, a drop in input costs will cause the supply curve to move to the right. Technology.
  • An increase in technology will shift the supply curve to the right. Conversely, a decrease in technology will shift the supply curve to the left.

What does it mean when the supply curve shifts to the right?

  • When demand is constant and supply is increasing, the supply curve moves to the right, creating an intersection where quantity and prices are lower.
  • On the other hand, a negative change in supply causes the curve to move to the left, raising prices and lowering quantity.

Which would cause a shift in the supply curve ?

  • When a change is brought about by a source other than price, the supply curve shifts.

Learn more about supply curve

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Help if you can thank you
makkiz [27]

Answer:

3rd one I'm pretty sure, if not then I'm srry lol

Explanation:

its common sense

6 0
3 years ago
Consider the market for coffee beans. Suppose that the prices of all other caffeinated beverages go up 30 percent while at the s
wlad13 [49]

Answer:

A. Both the equilibrium price and the quantity will rise.

Explanation:

Coffee beans and caffeinated beverages can be described as substitute goods. The two products offer the same solutions to customers. A rise in the price of one will lead to an increase in demand for the other. Customers will avoid the expensive option, thereby increasing the demand for a cost-friendly product. A 30 percent increase in the price of caffeinated beverages will increase the demand and equilibrium quantity of coffee beans.

An increase in demand results in a rise in prices. The use of fertilizer to boost production will improve production and increase equilibrium quantity. The equilibrium price will remain high due to the increase in the prices of the substitute goods.

7 0
3 years ago
Access to lifesaving medicine is very limited in parts of Africa; as a result, over 10% of children do not reach the age of five
pentagon [3]

Answer:

Some African countries have mortality rates over 10%. For example, according to the most recent CIA estimates, in countries like Somalia, Central African Republic, Niger and Chad, there are around 90 deaths per 1,000 live births, which is a lot.

This extremely high mortality rate affects economic growth in the long run. First of all, most economists agree that human capital is the most important form of capital, and the one that helps boost economic growth the most.

Every child who dies is potential human capital loss (and a moral tragedy as well).

If medical aid increased in those African countries, and less children died at a young age, those children would help develop the economies. However, education is also needed. If the children survive but are not well-educated, they will not be very productive in the modern economy, which is knowledge-oriented.

8 0
3 years ago
When BBG Inc. was preparing to roll out a new performance management system, Kayla, the human resource executive, insisted that
Vedmedyk [2.9K]

Answer:

If workers see productivity assessments as reasonable, they are more likely to follow the suggestions, in plain words. There seems to be a book called 'the 4 execution styles' in which the writer discusses the significance of indicators in team results. Keeping in consideration the measures help us to evaluate and respond to the institution's demanded goals.

 

4 0
4 years ago
Unidice, an information technology firm, recently installed a new data system that provides seamless access to data. This data s
IceJOKER [234]

Answer:

first-mover advantage

Explanation:

First-mover advantage refers to the strategic advantage achieved by the first company that occupies a market segment. In order for a company to gain first-mover advantage it must be the first company to enter a market or at least be the first company to gain competitive advantage in that market.

Unidice is the first company to gain competitive advantage in the data system market because its processing speed is much higher than its competitors.

Sometimes you don't need to be the first one to enter a market, but you need to be the first one to do things right. For example, Microsoft introduced the Surface tablet almost a decade before Apple introduced the iPad, but Apple did it right, therefore Apple gained first mover advantage.

6 0
3 years ago
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