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3 years ago

A decrease in the number of sellers in the market causes

Business

1 answer:

Arte-miy333 [17]3 years ago

5 0

In the market economy there are two important factors, supply and demand, which are the regulators of the market price.

The offer is conditioned by fators such as technological advances, the number of sellers, the cost of supplies, and the expectations of sellers.

Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a movement to the left.

Answer

(A) the supply curve to shift to the left.

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Here are several advantages to buying an existing business; Immediate cash flow, existing costumers, suppliers, and financial history.

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3 years ago

Managers are a critical part of any successful organization because ________.

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3 years ago

For each of the following scenarios, identify the number of firms present, the type of product, and the appropriate market model

marshall27 [118]

Answer:

Number of Firms - many

Type of Product - differentiated

Market Model - monopolistic competition

Number of Firms - many

Type of Product - standardised

Market Model - perfect competition

Number of Firms - few

Type of Product - standardised

Market Model - oligopoly

Number of Firms - one

Type of Product - unique

Market Model - monopoly

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

price setting firms
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve

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2 years ago

Which of the terms below is often used in addition to the words "writing" and "record", and thus recognizes that UCC contracts a

hoa [83]

Answer:

An electronic record

Explanation:

An electronic record is data that is or is being generated by a desktop. It is obtained when an agency or individual activity is initiated, conducted or completed.

Instances of digital records include: email messages, handwritten documentation, electronic spreadsheets, digital photos, and databases.

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3 years ago

If a worker earns $50 per hour in salary but the project is charged $75 per hour for each hour the individual works, then the ov

vredina [299]

Overhead rate is calculated by dividing the overhead cost by the direct cost over a similar period of measurement. In our case, the basis is per hour. The overhead cost is the rough estimate of the cost made through the proper reference to the historical data for old establishments and projections for the new ones. This can be expressed as,
overhead rate = (overhead cost / direct cost) x 100%

Substituting the known values,
overhead rate = ($75 / $50) x 100%
overhead rate = 150%

ANSWER: overhead rate = 150% 

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3 years ago

Read 3 more answers