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algol [13]
3 years ago
10

Suppose that in the rice market demand shifts greatly due to a new rice diet that is being marketed heavily in the U.S. as a cur

e for cancer. Simultaneously the supply curve shifts slightly due to a healthy rainy season that positively affects the rice crop in California. What is the most likely outcome in this situation?
Business
1 answer:
shepuryov [24]3 years ago
5 0

Answer:

the equilibrium price increases, albeit by a negligible amount

Explanation:

Here are the options to this question :

the supply curve will shift again after demand meets supply

the equilibrium price increases

the equilibrium price increases, albeit by a negligible amount

the demand curve will shift back to its original level

The new rice diet that is being marketed heavily in the U.S. as a cure for cancer would increase the demand for rice. This would shift the demand curve rightward. This shift of the demand curve would increase demand and price

The hw healthy rainy season that positively affects the rice crop in California woild increase the supply of rice and as a result the supply curve would shift to the right. The rightward shift of the supply curve would cause quantity to rise and price to fall.

This combined effect would lead to a rise in quantity and a rise in price by only a negligible amount.

I hope my answer helps you

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sergij07 [2.7K]

Answer:

5.37%

Explanation:

Real rate of return = \frac{1 + NominalRate}{1 + InflationRate} -1

= \frac{1+0.08}{1+0.025} - 1

= 0.053658 or 5.37%

The cousin loaned $420 to Becka

she would expect Becka to pay back 420 x (1 + 5.37%) which is equal to $442.554

The real return on the loan = \frac{442.55-420}{420} × 100 = 5.37%

6 0
2 years ago
You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of th
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Answer:

650

Explanation:

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13 * $50.00 = $650

3 0
3 years ago
Which of the following is NOT a liability?
aliya0001 [1]
What are the options??
4 0
2 years ago
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Answer:

b. ​patent infringement.

Explanation:

Patent infringement -

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As a proper permission is required by the patent holder to produce the goods and services .

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