2 years ago

Suppose that the organic-produce industry is composed of a large number of small firms. In recent

Business

1 answer:

masha68 [24]2 years ago

3 0

Answer:

The correct answer is option d.

Explanation:

An industry is comprised of a large number of small firms.

Because of losses, many firms have left the industry.

This will cause the industry supply to decline.

The industry supply curve will move to the left.

The new supply curve will intersect the demand curve at a higher point.

This leftward shift in the supply curve will cause the equilibrium price to increase and equilibrium quantity to decline.

You might be interested in

During 2021, Angel Corporation had 990,000 shares of common stock and 95,000 shares of 6% preferred stock outstanding. The prefe

frozen [14]

Answer:

$7.23

Explanation:

Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares

Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares

Basic Earnings per share = $7,155,000 / 990,000 shares

Basic Earnings per share = 7.22727273

Basic Earnings per share = $7.23

So, the amount of Angel's basic earnings per share for 2021 is $7.23.

6 0

2 years ago

Uma has been given the task of arranging for five-day conference

Dmitry_Shevchenko [17]

Answer:

I think option planning

5 0

2 years ago

A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt

Julli [10]

I believe the answer is 67% hope this helps

5 0

2 years ago

Given the following probability distribution:

tamaranim1 [39]

Answer:

Explanation:

4 probability = value of function,. F(3) = P(Y < 3) = 5/12 x. 0. 1. 2 ... The expected value or mean of random variable X is given by. µ = E(X) =.

4 0

2 years ago

The sales discounts account is a contra account to the ________ account

Gennadij [26K]

The purchases discount account or discounts received account.

6 0

2 years ago