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3 years ago

Why do economists sometimes offer conflicting advice to policymakers?

1 answer:

8 0

<span>Economists can, oftentimes, have differing viewpoints about what a legislator should do based upon their worldview and their morals regarding certain situations. In addition, they might have political viewpoints that are more overarching than the specific economic situation that they are being asked to appraise, which can lead to advice that might go against the received wisdom about what should usually be done in those situations.</span>

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How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitiv

Hatshy [7]

If supply decreases and demand is constant, there would be an increase in equilibrium price while equilibrium quantity would decrease.

If demand decreases and supply is constant, there would be a a fall in equilibrium price and equilibrium quantity.

If supply increases and demand is constant, it would lead to a fall in equilibrium price and equilibrium quantity.

If demand increases and supply increases, it would lead to an increase in equilibrium quantity and an indeterminate effect on equilibrium price.

If demand increases and supply is constant, there would be an increase in equilibrium quantity and price.

If supply increases and demand decreases, it would lead a fall in equilibrium price and an indeterminate effect on equilibrium quantity.

If demand increases and supply decreases, equilibrium price increases and there is an indeterminate effect on equilibrium quantity.

If demand decreases and supply decreases, equilibrium quantity declines and there is an indeterminate effect on equilibrium price.

<h3>How do these changes affect equilibrium price and quantity?</h3>

If supply decreases while demand remains constant, there would a shift to the left of the supply curve. This would lead to an increase in equilibrium price while equilibrium quantity would decrease.

If demand decreases while supply remains constant, there would a shift to the left of the demand curve. This would lead to a fall in equilibrium price and equilibrium quantity.

If supply increases while demand remains constant, there would a shift to the right of the supply curve. This would lead to an decrease in equilibrium price while equilibrium quantity would increase.

If demand increases, there would be an increase in equilibrium quantity and price. If supply increases, it would lead to an decrease in equilibrium price while equilibrium quantity would increase. The two would lead to an increase in equilibrium quantity and an indeterminate effect on equilibrium price.

If demand increases, there would be an increase in equilibrium quantity and price.

If supply increases it would lead to an decrease in equilibrium price while equilibrium quantity would increase. If demand decreases it would lead to a fall in equilibrium price and equilibrium quantity. It would lead a fall in equilibrium price and an indeterminate effect on equilibrium quantity.

If demand increases, there would be an increase in equilibrium quantity and price. If supply decreases it would lead to an increase in equilibrium price while equilibrium quantity would decrease. Taking these two effects together, equilibrium price increases and there is an indeterminate effect on equilibrium quantity.

If supply decreases it would lead to an increase in equilibrium price while equilibrium quantity would decrease. If demand decreases, it would lead to a fall in equilibrium price and equilibrium quantity. Taking these two effects together, equilibrium quantity declines and there is an indeterminate effect on equilibrium price.

Here is the complete question:

How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market, that is, do price and quantity rise, fall, or remain unchanged, or are the answers is indeterminate because they depend on the magnitudes of the shifts? Use supply and demand to verify your answers. Supply decreases and demand is constant. Demand decreases and supply is constant. Supply increases and demand is constant. Demand increases and supply increases. Demand increases and supply is constant. Supply increases and demand decreases Demand increases and supply decreases. Demand decreases and supply decreases.

To learn more about supply curves, please check: brainly.com/question/26073189

5 0

3 years ago

A situation in which some resources are NOT fully utilized is represented in a

svp [43]

The production would be a my a point inside the curve. The curve shows the possibility of producing with all possible materials so inside the curve is representative of one or more of the resources not being used to its full capacity.

6 0

3 years ago

Last year, The Pizza Joint added $6,230 to retained earnings from sales of $104,650. The company had costs of $87,300, dividends

Dmitrij [34]

Answer:

$2,503 = Depreciation Expense

Explanation:

Net profit = $6,230 that is amount added to retained earnings.

Net profit = Sales - Cost - Depreciation - Interest - Taxes - Dividends

Sales = $104,650

Costs = $87,300

Interest = $1,620

Earnings before depreciation and taxes = $104,650 - $87,300 - $1,620 = $15,730

Earnings after interest depreciation and taxes = $6,230 + $2,500 = Net profit + Dividend = $8,730

Therefore

(15,730 - Depreciation) - (15,730 - Depreciation) $\times$ 34% = $8,730

$15,730 - Depreciation - ($5,348 - 0.34 Dep) = $8,730

$10,382 - 0.66 Depreciation = $8,730

$1,652 = 0.66 Depreciation

$2,503 = Depreciation Expense

7 0

3 years ago

a(n) _____ operation does not start processing or assembling products until it receives a customer order.

Scorpion4ik [409]

A Make-to-Order Operations operation does not start processing or assembling products until it receives a customer order.
This type of strategy is used to minimize product abundance that exist in the market. Usually, being done by the company whose products sold under a large price (such as car or boats)

4 0

3 years ago

Jones Company possesses a 25 percent interest in the outstanding voting shares of Sandridge Company. Under what circumstances mi

coldgirl [10]

Answer:

Jones may decide that the equity method would not be appropriate to account for the investment when Jones Company does not have significant influences over the management/operation of Sandridge Company.

Although an investors holding from 25% of investee is very much likely to have significant influences on the investee, this may not be true all over the times. For Jones, to prove that it does not have significant influences over Sandridge, there may be some following evidences:

+ Jones and Sandridge sign an agreement that Jones surrenders significant rights as a shareholder;

+ There is/are investor(s)/group(s) of investors who has more voting right than Jones and whose visionary/mission for Sandridge is opposite to Jones's.

+ Sandridge tries to reject Jones' influences on its management by seeking lawsuit or by successfully prevent representatives from Jones on its Board of Directors.

Explanation:

8 0

3 years ago