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2 years ago

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What might happen to a product when supply is low? A. The price will go up. B. The price will go down. C. The price will stay th

e same. D. The price will change very quickly. Please select the best answer from the choices provided A B C D

1 answer:

Alekssandra [29.7K]2 years ago

3 0

A) the price will go up. :)

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The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. now suppose the city council

Mekhanik [1.2K]

<span>Setting a rent control price ceiling will cause the same impact as any other price ceiling that is below the market equilibrium price: it will create a shortage in the market. At the price equilibrium of $600, the number of renters would exactly meet the number of available 2 bedroom apartments. However, with this fixed price ceiling, the position along the demand curve will shift to one of higher demand, with no analogous change in the supply curve. Thus there will be more renters than can be supported, and renters will have to look for alternatives and substitutes.</span>

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3 years ago

The prime minister of Equalia has called for the nation's legislators to enact new legislation designed to shift the country awa

yuradex [85]

Answer:

The most likely problem to arise due to a shift from socialism to capitalism is unequal distribution of wealth.

Explanation:

In a socialist system the businesses and properties are owned by the government. The government ensures equal distribution of income and wealth in the society.

However, in a capitalist system the business and properties are owned by private individuals. People earn income on the basis of their contributions. The government does not interfere in the economy, it's the market forces control the economy.

In a socialist system income redistribution takes place from rich to poor. Such things do not happen in capitalism. So people are mostly to face the problem of unequal distribution of wealth through this shift.

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2 years ago

The Republic of Monaslu has the world's most efficient car manufacturing industry, while the country of Ingora has the world's m

nasty-shy [4]

This form of trade between the two countries illustrates the Heckscher-Ohlin theory.

The Republic of Monaslu is exporting what it can most efficiently produce and the country of Ingora is exporting what it can most efficiently produce. They are also both importing goods that they need.

<h3>Further Explanation</h3>

the Hecksher-Ohlin theory

This theory is based around the idea that countries should export goods or labor that they are the most efficient at producing. This efficiency also means that they should be able to easily turn a profit on these goods or services. Examples would be a country who has a great deal of oil reserves but not enough agriculture. The country would export its oil to then import agricultural products.

the mercantilist doctrine

This doctrine is in full support of domestic goods. The government regulates trade in such a way that promotes domestic goods over imports. Imported goods are heavily regulated through tariffs, while domestic goods are heavily protected.

the product life-cycle theory

This theory states that there are three stages in the life-cycle of a product that enters the market. The first stage is the product introduction. This stage is just as it sounds, the product enters the market. It first starts off in the local market with very little production because it is new and not well known. There are some changes made to the product to make it better and possibly less expensive to produce. As it becomes more popular production and distribution increases. The second stage is the maturity stage. The product is being distributed internationally. Changes to the products are still ongoing, but fewer. Production facilities are being built in various locations so as to produce locally and reduce cost. The last stage is product standardization and streamline of manufacturing. At this stage, the product has undergone it's final iteration. The production facilities are standardized so as to reduce cost. Also, other similar products have begun to flood the marketplace.

the theory of absolute advantage

This is when a producer can produce the same quantity and quality of goods or services as another producer for lesser cost. Therefore it is more efficient and cost effective so it is more profitable.

<h3>Answer Details</h3>

Level: College

Subject: Business

<h3>Keywords</h3>

the Heckscher-Ohlin theory, the mercantilist doctrine, the product life-cycle theory, the theory of absolute advantage.

<h3>Learn More</h3>

the Heckscher-Ohlin: brainly.com/question/4626740

Which of the following is NOT a proposition of the Heckscher-Ohlin model?: brainly.com/question/12978629

7 0

3 years ago

Read 2 more answers

The following information applies to the questions displayed belowWarnerwoods Company uses a perpetual inventory system. It ente

Vadim26 [7]

Answer:

Gross profit under LIFO = $40,570 - $26,340 = $14,230

Gross profit under FIFO = $40,570 - $24,520 = $16,050

Gross profit under average cost = $40,570 - $26,238.46 = $14,331.54

Gross profit under specific ID = $40,570 - $26,070 = $14,500

Explanation:

I divided the purchases and sales:

Mar. 1 Beginning 130 units $51.60 per unit

Mar. 5 Purchase 240 units $56.60 per unit

Mar. 18 Purchase 100 units $61.60 per unit

Mar. 25 Purchase 180 units $63.60 per unit

Totals 650 units, $37,900

Mar. 9 Sales 290 units $86.60 per unit

Mar. 29 Sales 160 units a $96.60 per unit

Totals 450 units. $40,570

COGS under LIFO:

(240 x $56.60) + (50 x $51.60) = $16,164

160 x $63.60 = $10,176

total = $26,340

COGS under FIFO:

(160 x $56.60) + (130 x $51.60) = $15,764

(110 x $56.60) + (50 x $61.60) = $8,756

total = $24,520

COGS under average cost:

($37,900 / 650) x (290 + 160) = $26,238.46

COGS under specific ID:

(80 x $51.60 ) + (210 x $56.60) = $16,014

(60 x $61.60) + (100 x $63.60) = $10,056

total = $26,070

3 0

3 years ago

Corporation M has $40,000 of current earnings and profits and $10,000 of accumulated earnings and profit. During the year Corpor

zzz [600]

Answer:

$40,000

Explanation:

Calculation to determine What amount of capital gain income will N recognize related to this distribution

Using this formula

N Capital gain income=N stock basis- M distribution

Let plug in the formula

N Capital gain income=$100,000-$60,000

N Capital gain income=$40,000

Therefore The amount of capital gain income that N will recognize related to this distribution is $40,000

6 0

2 years ago