Increase, assuming packaged coffee=coffee, people will demand more coffee being aware that its price will be increased, thus they will try to consume its benefits before its price goes up.
Answer:
O the perceived demand and marginal revenue curves for each firm will shift to the left.
Explanation:
Monopolistically competitive industry is an industry that has many firms that produce similar but differentiated products. The products are differentiated through branding.
As more firms enter the industry, both the perceived demand and marginal revenue curves for each firm industry will shift to the left. This is because, new firms have made available more substitutes to existing products making the demand for existing products to reduce. As the demand reduces, demand curve shift to the left, and this also makes marginal revenue to shift to the left.
Answer:
its C) OSHA
Explanation:
sorry someone was being annoying as heck and buting in
Answer:
A 1031 Exchange allows a taxpayer like Rodriguez to temporarily differ any capital gains when they sell a property and immediately purchase another property using the proceeds from the sale. In the first part of the question, Rodriguez sold a property that had a basis of $57,000 for $65,000, and immediately but another property worth $65,000. That means that he doesn't need to immediately pay any taxes for the $8,000 gain.
But if the situation is the opposite. Instead of making a gain, Rodriguez lost money, then he should immediately record the $8,000 loss in order to lower his taxes. The less taxes you pay, the better. The whole idea of the 1031 Exchange is to defer taxes that you owe, not to defer losses that will lower your taxes.
Answer:
Price elasticity of supply is 1.5
Explanation:
Given:
Price (P₀) = $3.50
Quantity (Q₀) = 450
New price (P₁) = $4.00
New quantity (Q₁) = 550
Price elasticity of supply = ?
Computation of price elasticity of supply using midpoint method:
