If the supply of a product increases, then we would expect equilibrium price

1 answer:

5 0

With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required.

The equilibrium price will increase as the supply declines, while the quantity needed will go down. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change. Price decreases and quantity increases as supply grows. Price increases and quantity declines cause a drop in supply. The equilibrium price rises if the increase in supply exceeds the increase in demand. The equilibrium price falls if the increase in supply is greater than the rise in demand. Equilibrium quantity rises in both scenarios. The equilibrium price and quantity are impacted by upward movements in the supply and demand curves. The equilibrium price rises but the quantity decreases if the supply curve changes upward, indicating that supply declines but demand remains constant. For instance, pump prices are expected to increase if gasoline supply are reduced.

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The money multiplier: question 20 options:

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The correct answer is c

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True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer pred

Hunter-Best [27]

Answer:

False. See expplanation below.

Explanation:

Training error by definition is the "error that you get when you run the trained model back on the training data."

False

Sometimes if we have more predictors than the neccesary we create bias and other problems like multicolinearity between the independnet variables. The idea is have a parsimonious model with the ideal number of variables and not with too much or too low variables.

For example we can have a linear model with just one predictor adjusted to the response variable perfect. And we can have another model with the same response variable but with 10 predictors with the same correlation and significance.

Always is important to understand the context of a problem in order to select the predictors to estimate the response variable in order to don't overestimate the number of parameters neccesary to use.

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Answer:

Assessment

Explanation:

Assessment is the most effective way to check the employee performance whether they are eligible for the process or not. It can be done only after the training program.

Therefore as per the given situation Quick Burger conduct the training program for employees that how to operate the new coffee-making system. So, after the training program Quick burger do the assessment to check the employee skills.

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3 years ago

Extrapolative expectations work when prices are rising, but not when prices decline. True or False True False

Lemur [1.5K]

Answer:

False

Explanation:

Extrapolative expectations refer to an expectation in which there is a continuation of trend that means if the price of a property rises, then the demand is also rising and it pushed for more prices also there is a condition when the price is falling so it would also decrease in the market supply also it pushed out down

So the given statement is false

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4 years ago