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Ierofanga [76]
1 year ago
8

If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result?

Business
1 answer:
blagie [28]1 year ago
3 0

If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result there will be an increase in quantity supplied.

In economics, quantity supplied represents the number of goods or services that a supplier produces and sells at a given market price. Supply is different from the actual supply (that is, total supply). This is because price changes affect how much suppliers actually put into the market.

A quantity supplied is the quantity of a product that a retailer intends to sell at a specific price, called the delivery quantity. A time period is also usually specified when describing shipping quantities. Example: If the price of an orange is 65 cents, he has a supply of 300 per week.

Learn more about the quantity supplied here: brainly.com/question/28072862

#SPJ4

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3 years ago
Increasing the amount of money in the economy results in
Elena-2011 [213]

Answer:

By increasing the amount of money in the economy, the central bank encourages private consumption. Increasing the money supply also decreases the interest rate, which encourages lending and investment. The increase in consumption and investment leads to a higher aggregate demand.

Explanation:

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7 0
3 years ago
An assembly line with 40 activities is balanced using 17 workstations and a finished product can be produced every 6.5 minutes.
asambeis [7]

Answer:

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Production rate is defined as the number of units of a product that is produced in a process in unit time.

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Maximum daily production rate= 490/80= 6.125 units per day.

Minimum daily production rate= 490/6.5= 75.38 units per day

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2 years ago
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3 years ago
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