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1 year ago

If the price of sugar (ps) falls by $5, how does this affect the equilibrium price?

1 answer:

3 0

If the price of sugar falls it will affect the quantity supplied of the sugar. As it will lead to the decrease in the supplied quantity.

<h3>What causes a fall in the equilibrium price?</h3>

A decrease in equilibrium demand and an increase in equilibrium supply will lead to a drop in equilibrium price, but the effect on equilibrium quantity is unpredictable.

Prices will drop because producers are ready to accept a lower price and consumers now place less value on the product, regardless of the amount.

Reduced demand will cause the equilibrium price to fall and the supply to increase.

Thus, it leads to the decrease in supplied quantity.

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If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an

Romashka [77]

<u>Answers:</u>

1. If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an input market. Anderson is considered as household.

2. If Mei Lin purchases a 3-week Mediterranean cruise vacation for her parents, the cruise ship company is supplying a service in the output market.

3. The cruise ship company is considered as firm.

4. If Caterpillar doubles employment at its Huntsville, Alabama factory, Caterpillar is demanding labor in the input market.

5. Caterpillar is considered a firm.

6. If the Greyson family sells their 250-acre ranch to Marriott, so Marriot can build a new resort and golf course, the Greyson family is supplying land in an input market.

7. The Greyson family is considered household.

<u>Explanation:</u>

Households provide the demand for the goods and services in the market. Households also provide inputs to the firms in the form of labor. The households earn wages through supply of labor to the labor market. Firm is any business organisation that sells goods or services to make profits. Firms take labor as input from the households. Firms supply goods and services for the households.

Input means taking things into firm while output means giving out a product or service to households.

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2 years ago

What advice would you offer to someone who is considering opening a checking account? What fees and criteria should they pay att

DerKrebs [107]

Answer:

I would give the person these 4 recommendations:

The person should look for a checking account that does not charge any fees for withdrawals, or that charges a very low fee.
The person should look for a bank that has a large number of ATMs available, or alternatively, lots of possibilities for online payments.
The person should look for a bank that does not demand a keeping a minimum balance.
Finally, the person should research all paperwork that is needed before opening the checking account, in order to streamline the process.

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3 years ago

Which of the following statements is TRUE?

vaieri [72.5K]

I think that A is the answer

8 0

2 years ago

Read 2 more answers

If tax rates are increasing: A. taxpayers should defer deductions. B. taxpayers should defer deductions and accelerate income. C

frez [133]

Answer:

The correct option is D,taxpayers should accelerate income

Explanation:

Assuming current tax rate is 20% and believed to increase to 28% next year,the tax planning strategy available at anyone's disposal is to ensure he takes advantage of the current 20% which is lower compared to future 28% by accelerating income,hence the 20% tax is then charged on the accelerated income

The reverse would have been the case if the tax rates are decreasing,so future tax rate is envisaged to be lower compared to status quo.In this case,deferring income would be the best strategy that saves the day

6 0

3 years ago

The current controllable margin for Henry Division is $138000. Its current operating assets are $300000. The division is conside

lilavasa [31]

Answer:

The correct answer is Decrease ROI by 9.33%.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate return on investment before purchase:

Return on investment = (Controllable Margin ÷ Operating assets ) × 100

= ($138,000 ÷ $300,000) × 100

= 46%

Controllable margin (New) = $138,000 + $5,000 = $143,000

Operating assets = $300,000 + $90,000 = $390,000

Return on investment (New) = ($143,000 ÷ $390,000) × 100

= 36.67%

So, change in ROI = 36.67 % - 46%

= - 9.33% ( Negative shows decrease )

Hence, Decrease ROI by 9.33%.

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3 years ago