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zaharov [31]
3 years ago
13

If a new source of lumber is found, what is likely to happen to the price of

Business
1 answer:
lys-0071 [83]3 years ago
3 0

Answer:

B. The price is likely to decrease because supply has increased.

Explanation:

A new source of lumber represents increased supply.  According to the laws of supply and demand, an increase in supply leads to a decrease in prices.

The current market price is the equilibrium price.  It is the price that buyers are willing to pay for the quantity that suppliers are offering in the market. In other words, It is the meeting point between the supply and demand-sides in the market. A new source of lumber will increase the supply side, resulting in the curve shift in the supply curve. A new equilibrium with a lower price will be formed in the market.  

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Changes in governments or ruling political parties can affect businesses. The main concern of a multinational corporation is
nadya68 [22]

Answer:

D. which government is in power.

Explanation:

In a democratic system of ruling when one party come into power after getting majority votes the main concern of the corporation unit is to know which government is in power or which political party has a chance to gain majority votes.

Every government that takes oath for next five year or defined year has its own policy on economic or for business. This predefined rules and policy may be differ from exciting government or may be followed the path of previous government. therefore corporation unit are always in a mood to go with coordination with new government to have maximum advantage

4 0
3 years ago
Economists consider governments to be "wasteful:" - whenever they over- or underallocate resources to a project. - only when the
ahrayia [7]

Answer:

The correct answer is: whenever they over- or under-allocate resources to a project.

Explanation:

A government is considered to be wasteful by the economists if it over-allocates or under-allocates resources on a project. Whenever resources are not efficiently or optimally allocated it is considered wasteful.

In case resources are over-allocated, the reason is given that the excess resources could have been used somewhere else.

In case resources are under-allocated, the reason is given that the given resources will not be able to provide the desired output.

3 0
3 years ago
About _____ percent of adults over age 90 have lost all functional vision.
Sindrei [870]
7%........................

4 0
3 years ago
Nita is a devoted Coca-Cola consumer, whereas Becky can drink either Coca-Cola or Pepsi products. Nita’s demand for Coca-Cola wi
mafiozo [28]

Answer:

The answer is:

Inelastic

Elastic

Explanation:

Nita’s demand for Coca-Cola will be relatively more inelastic i.e his demand will not be sensitive to price. Increasing the price of Coca-cola will not make Nita to change its taste because he is a devoted Coca-Cola consumer.

Becky’s demand will be relatively more elastic because he has an option to choose between Pepsi and Coca-cola.

Any increase in price of Coca-cola will make Becky to shift to Pepsi.

5 0
3 years ago
Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from o
Svet_ta [14]

Answer:

Imports

Explanation:

Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from other countries. World Food Market is an example of a company that imports. Dominique imports products from different countries and make them available to its customers on their shelves. They have to buy those products from different sources. For this purpose, they have to put large amount of efforts in order to contact the foreign vendors and get their product imported in their country and ultimately at their store by spending costs and efforts. By importing products from other country, they can provide large product assortment to their customers.

5 0
3 years ago
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