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soldi70 [24.7K]
3 years ago
8

1. If the government decides to subsidize the production of a good, the result would be a decrease in the equilibrium price and

a decrease in the equilibrium quantity. true or false
Business
1 answer:
Crazy boy [7]3 years ago
7 0

Answer: False

Explanation:

When the government subsidies production of a good, it leads to a rise in the supply of the good. The supply curve shifts down to the right leading to a <em>fall in the price level</em>. But the <em>equilibrium quantity increases</em>.

Thus, the given statement is false that if the government decides to subsidize the production of a good, the result would be a decrease in the equilibrium price and a decrease in the equilibrium quantity.

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Answer: $1,400,000

Explanation:

The checks to creditors were only mailed out in January so the creditor accounts had not been settled in December.

The goods purchased on December 28 should be included in the accounts payable account.

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Accounts payable is therefore:

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Answer:

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Daisy                            20                     40% (20/50)      $12 ($30*40%)

Totals                           50                     100%                  $30

As per above results, both Lily and Daisy received the largest proportion of joint cost.

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