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Andru [333]
3 years ago
10

Price Per Unit Quantity Supplied Quantity Demanded $10 100 295 11 150 275 12 190 250 13 220 220 14 245 180 15 265 135 If a techn

ological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be

Business
1 answer:
Contact [7]3 years ago
6 0

Answer:

$12

Explanation:

Equilibrium price is price at the point where quantity supplied equals the quantity demanded.

Please check the attached image for a table showing how equilibrium was found

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The distinction between a normal and an inferior good is A. normal goods are used for the same purposes while inferior goods are
zubka84 [21]

Answer:

The correct answer is C. when income​ increases, demand for a normal good increases while demand for an inferior good falls.

Explanation:

The normal good is that whose quantity demanded for each of the prices increases when the rent increases. A lower good is one whose quantity demanded decreases when income increases. The inferior goods are usually those for which there are higher quality alternatives. When it comes to a normal good, increasing the income of the consumer increases the quantity demanded at each price. Causing a shift in demand to the right.

3 0
3 years ago
A company had the following assets and liabilities at the beginning and end of the current year:
const2013 [10]

Answer:

$32,300

Explanation:

Begining equity = Begining asset - Begining liabilities

                            = $231,000 - $96,500 = $134,500

Ending equity = Ending asset - Ending liabilities

                        = $262,000 - $78,400 = $183,600

We will find the net income for the year using the below formula:

Ending equity = Begining equity + Stock issuance + Net income - Dividend paid, or:

$183,600 = $134,500 + 23,500 + Net income - $6,700.

Solve the above equation we get Net income = $32,300

6 0
2 years ago
How can cybercriminals harm a person whose personal information they have stolen?
Leokris [45]
When a person obtains someone else's personal information, these are some thing that could potentially happen that would harm the person whose identity has been stolen: Open new lines of credit (can harm your credit and incur debt). Seek medical attention (could be harmful by getting incorrect medical information on your record, or incurring debt). Drain savings and retirement accounts Provide an alias when arrested (harmful if the cops look for you when the other person runs, or if the other person uses your information to pay bail. Get a job and file false tax returns (could be harmful when the IRS sees the records and <span>thinks that you are not paying taxes on all of your income).</span>
3 0
3 years ago
Where do banks get money to lend to borrowers?
Marysya12 [62]

The answer is<u> "depositors".</u>


An individual who is making a deposit with the bank is known as a depositor. The depositor is the moneylender of the cash which will be come back to him/her toward the finish of the store time frame.  

A depositor (you) places cash in a banks vault, at that point the bank putts enthusiasm on it, and can utilize it in the event that it needs to. Up to a specific measure of it remains in the bank on the off chance that you need to come and withdraw.

5 0
3 years ago
Read 2 more answers
Tara is shopping at a department store in the mall. before checking out she wants to make sure she brought enough money to pay f
finlep [7]
If Tara bought, sweater $ 52, T-shirt $19, Shoes $68, Jeans $72, Necklace $21, the total would be;
52+19+68+72+21 = 230
But a tax rate of 7% was included, 
Thus, 230 × 0.07 = 16.1
Therefore, the total amount is 230+16.1 = 246.1
Hence, the Estimate amount of money that Tara expects to pay is $250
3 0
3 years ago
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