All categories

3 years ago

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.

You might be interested in

Product costs are always expensed in the period when they are incurred. (2pts) true false

grigory [225]

This is going to be false

6 0

3 years ago

Complete the sentence with all of the accurate statements regarding the relationship between conscientiousness and job performan

allsm [11]

The best option to complete the sentence "Conscientiousness is consistently and positively related to" is task performance.

Creativity: The ability to use imagination to produce a new idea or product that is useful to society.

Resilience: The ability to recover quickly from failure, depression, illness or misfortune.

Cooperation: The act of working together, especially for a common purpose of benefit.

Supervisor-rated liking: Being liked by the person who monitors someone to make sure workers comply with rules or other requirements set for them.

Leadership behavior: The quality of having the capacity to lead or direct others

Task performance: This refers to how work is being done by a person.

Therefore, the best option to complete the sentence "Conscientiousness is consistently and positively related to" is task performance.

brainly.com/question/25009745

3 0

2 years ago

When a factory is operating in the short run? a. average fixed cost rises as output increases. b. it cannot alter variable costs

Vadim26 [7]

No Variable costs occurs in the short run.

The average fixed cost of the production remains same till the output is produced and as the output increases or becomes to rise slowly.

It cannot alter the variable costs but can manage the total cost and variable cost by managing the marginal cost rest remaining the same.

The total expenses consist of the variable and marginal cost and fixed costs which are both short term and long term investments.

It cannot alter any other cost except these cost because they are attached with cost of production.

To learn more about operating cost here,

brainly.com/question/23978941

#SPJ4

8 0

1 year ago

What are two kinds of open-ended credit?

STALIN [3.7K]

Answer:

good credit bad ccredit

Explanation:

3 0

3 years ago

The ultimate market constraint (limit) on the amount of pricing power that can be exercised by a monopoly firm is the _______

guapka [62]

Answer:

Number of units it can sell and the number of customers it can serve

Explanation:

The ultimate market constraint (limit) on the amount of pricing power that can be exercised by a monopoly firm is the number of units it can sell and the number of customers it can serve.

Generally.

The price-setting ability of a monopolist faces two kinds of constraints:

1. Number of Units: The monopolist's price setting ability is limited by capacity as cannot sell more than a given quantity of its products

2. Number of Customers: The monopolist is additionally unable to serve more than a given number of consumers.

These 2 factors constrains the pricing power of the monopolist

8 0

3 years ago