1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
just olya [345]
2 years ago
6

Chicken and tuna fish are substitutes in consumption. Suppose that new technology decreases the cost of catching tuna. This woul

d result in _________ in the equilibrium quantity and ________ in the equilibrium price for chicken.
A. an increase; an increase
B. a decrease; a decrease
C. an increase; a decrease
D. a decrease; an increase
E. There is not enough information to determine what will happen.
Business
1 answer:
mihalych1998 [28]2 years ago
6 0

Answer:

B. a decrease; a decrease

Explanation:

Substitutes' goods are products that can be consumed in place of each other.  If one product is missing, consumers will be ready and willing to buy its substitute. An increase or fall in the price of a good or services will cause the demand for its substitute to move in the opposite direction.

Equilibrium quantity is when supply matches the demand. If the price of Tuna fish decreases, its demand will increase as more customers will afford it. Tuna and chicken are substitutes, should the price of Tuna decrease,  customers will prefer to consume Tuna over chicken.  Consequently, the demand for chicken will reduce w leading to a decrease in its price.

You might be interested in
Althea, black, has been a deejay for a local Christian music station for several years. The station got a new general manager an
VladimirAG [237]

Answer and explanation:

Althea is covered by the Equal Employment Opportunity Commission (<em>EEOC</em>). The EEOC is an agency of the federal government of the United States that enforces federal laws regarding discrimination of <em>race, sex, age, religion, ethnicity, national origin or impairment</em>. Althea was fired with the excuse that it is not "appropriate" for an African American deejay to play music on a white Christian music station. This is reason enough to sue the radio station for discrimination.

8 0
2 years ago
Roberts Supply, Inc. provides the following data taken from its third quarter budget: Sep $83,000 $67,000 $59,000 Jul Aug ter Ca
Bumek [7]

Answer:

The answer is 1000 dollars.

Explanation:

In this question we are asked to calculate the cash closing balance as at 30 september. The opening cash balance that is 10000 dollars is given and, data related to the receipt and payments made in the quarter ended at september is also provide in the question.

We can easily calculate the cash balance as at 30 september with the help of accounting equation given below.

Closing Balance = Opening balance + Cash collections- Cash payments

                            = 10,000+ 209,000- 218,000*

                            = 1000$

* It include sum of all capital expenditures, operating expenses and purchases of direct material.

5 0
3 years ago
On December 31, Strike Company has decided to discard one of its batting cages. The equipment had an initial cost of $236,300 an
Studentka2010 [4]

Answer:

Equipment, credit, $229,100

Explanation:

we record the entry when we purchase the equipment is

we debit the equipment, and credit the cash/accounts payable depending on whether we paid the cash or purchased the equipment on account.

We debit the equipment because equipment is our asset, and when asset goes up we debit them. We credit the cash because again cash is our asset and when asset goes down we credit them.

Now at the time of disposal, we want to remove the asset from our balance sheet. Equipment is disposed now. In other words, equipment is our asset, and disposing the equipment means asset goes down, and we show this effect by credit the equipment.

5 0
3 years ago
Oxford packing company reported net sales in november of the current year of $1,000,000. at the beginning of november, the compa
creativ13 [48]
<span>First we must determine the cost of goods sold during November. For this we use beginning inventory ($368,000) + purchases ($217,500) - ending inventory ($226,750). This gives us a total cost of goods sold for November of $358,750. Then, we take the net sales ($1,000,000) minus the cost of goods sold ($358,750) which equals our gross profit of $641,250. Finally we divide gross profit ($641,250) by net sales ($1,000,000) to determine the gross profit rate to be 64.125%</span>
8 0
2 years ago
If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is
Mazyrski [523]

Answer:

The coupon rate is the stated periodic interest payment due to the bondholder at specified times. The bond's yield is the anticipated overall rate of return. If the bond's price changes and is no longer offered at par value, the coupon rate and the yield will no longer be the same as the coupon rate is fixed and yield is a derivative calculation based on the price of the bond.

4 0
1 year ago
Other questions:
  • You currently manage Cody’s investment portfolio. He provided you with the following information for the beginning and the end o
    14·1 answer
  • The plowback ratio is: equal to net income divided by the change in total equity. the percentage of net income available to the
    9·1 answer
  • You are a manager in a perfectly competitive market. the price in your market is $14. your total cost curve is c(q) = 10 + 4q +
    9·2 answers
  • Delsing Canning Company is considering an expansion of its facilities. Its current income statement is as follows:
    14·1 answer
  • "Why create a perceptual map?" asked David. Andreas, the senior marketing manager, gave him four reasons. Which of the following
    7·1 answer
  • On August 1, 2016, Rocket Retailers adopted a plan to discontinue its catalog sales division, which qualifies as a separate comp
    12·1 answer
  • Windswept, Inc. 2011 Income Statement ($ in milions)
    15·1 answer
  • A company that produces a single product had a net operating income of $90,000 using variable costing and a net operating income
    15·2 answers
  • Which is the best definition of voluntary exchange?
    13·1 answer
  • On May 1, Year 1, Benz's Sandwich Shop loaned $10,000 to Mark Henry for one year at 6 percent interest.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!