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VashaNatasha [74]
1 year ago
12

What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand s

hift is larger than the supply shift?.
Business
1 answer:
natta225 [31]1 year ago
5 0

The equilibrium price rises and the equilibrium quantity falls when demand increases and at the same time supply decreases but the demand shift is larger than the supply shift.

When opposing forces balance each other out and there are no changes happening, the condition is said to be in equilibrium. When supply and demand are equal, this is an example of equilibrium in economics. Being composed and stable is an illustration of equilibrium. Similar to the word number, quantity can be used for singular or plural nouns that can be measured or counted. The primary distinction is that when referring to an inanimate thing, it is preferable to use quantity. Quantity and number, however, can occasionally be used interchangeably, particularly when the noun is plural.

Learn more about Quantity here

brainly.com/question/12986460

#SPJ4

The question was incomplete. Check below the full question

What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is larger than the supply shift?.

a.Both the equilibrium price and equilibrium quantity will rise

b.The equilibrium price falls and the equilibrium quantity rises

c.The equilibrium price rises and the equilibrium quantity falls.

d. Both the equilibrium quantity and price will fall

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Leya [2.2K]

Answer:

False

Explanation:

You should tell them about your personality and how others see you. Take for example your strengths and weaknesses as a person, or about your traits. If they ask you about your personal life keep it brief, they don't need too much info about that rather a small aspect of it.

4 0
3 years ago
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An industrialization policy of restricting imports in order to boost local production for local consumption of goods that would
raketka [301]

Answer:

The correct answer is letter "A": import substitution.

Explanation:

Import substitution is the strategy by which a government sets restrictions on imports so the same products being imported are consumed domestically instead of being exported. This approach is implemented to boost domestic production which increases the employment rate of a country.

<em>Protectionist countries</em> tend to impose tariffs on other countries' imports in an attempt to prioritize the industries within their borders.

4 0
3 years ago
Big John’s manufacturing currently produces its lead product on a machine that has a variable cost of 0.32 per unit and a fixed
Greeley [361]

Answer:

The indifference point is 1,875,000 units.

Because the current machine has lower fixed costs, it has a lower cost from 0 units to 1,874,999. From 1,875,001 the new machine is more convenient,

Explanation:

Giving the following information:

Current machine:

Total cost= 75,000 + 0.32x

New machine:

Total cost= 150,000 + 0.28x

<u>To find the indifference point, we need to equal the cost functions and isolate x (number of units)</u>

75,000 + 0.32x = 150,000 + 0.28x

0.04x= 75,000

x= 1,875,000

The indifference point is 1,875,000 units.

Because the current machine has lower fixed costs, it has a lower cost from 0 units to 1,874,999. From 1,875,001 the new machine is more convenient.

6 0
3 years ago
Bramble Corp. required production for June is 222000 units. To make one unit of finished product, three pounds of direct materia
Virty [35]

Answer:

Purchases=  696,000 pounds

Explanation:

Giving the following information:

Production= 222,000 units.

To make one unit of a finished product, three pounds of direct material Z are required.

<u>To calculate the purchases of direct material, we need to use the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= 222,000*3 + 420,000 - 390,000

Purchases=  696,000 pounds

5 0
2 years ago
Project selection helps to ensure that no project affect the status of other
kirza4 [7]

Answer:

<u>projects</u>

Explanation:

Remember, among the 'Project selection' stage is the first stage of the Project Process Stages. This stage typically involves examining each project and then determining which is of utmost importance.

Rather than trying to run every uncompleted project with the limited resources available which may affect the status of other projects, it is better to select the project that is most beneficial and that is feasible to complete within the stipulated deadline.

3 0
3 years ago
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