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bija089 [108]
3 years ago
14

Firm a is a new producer in the market for good​ x, which is characterized by linear demand and supply curves.​ initially, to at

tract​ customers, the firm prices its product low at​ $8 per unit. while the firm sells​ 1,000 units of the product at this​ price, there is a shortage in the market. this shortage can be cleared if price is increased to​ $10 per unit. the quantity demanded and supplied at this higher price will be​ 1,500 units.
Business
1 answer:
Sladkaya [172]3 years ago
7 0
I believe the information above is best supported by; the fact that producer surplus will increase if the price rises from $ 8 per unit to $10. This is due to the fact that there is a shortage in the market therefore demand will increase, this results to customers wanting to buy at a higher price than the initial cost, to satisfy their demand and need
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Current Market refers to the Principal Market, as of any date of determination, on which the Parent's shares of common stock are then listed, traded, and quoted.

Check the P/E ratio and earnings per share in the company's annual report for the accounting period to get an idea of the market price for that particular date. For instance, if the P/E ratio is 20 and the company reported EPS of 7.50, the expected market price comes out to 150 per share.

To learn more about market price visit:

brainly.com/question/24179422

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