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Tatiana [17]
3 years ago
10

In 2010, bad freezes destroyed a large portion of Florida's grapefruit crop. Explain what happened in the grapefruit market usin

g the concepts of supply and demand in your analysis. How did this affect the equilibrium price and quantity of grapefruit

Business
1 answer:
lutik1710 [3]3 years ago
8 0

Answer: Please refer to Explanation

Explanation:

The Grapefruit market will experience an acute shortage of grapefruits because the bad freeze destroyed most of the crop that was going to be supplied.

This shortage in supply will force the price up and therefore lead to a drop in Demand as a lot of people will decide that they can't spend the new amount.

This scenario would lead to an increase in the Equilibrium price because the supply curve will be forced to the left and the new intersect with the Supply curve will be higher. The Equilibrium Quantity will also reduce because of the shortage that is being experienced as a result of a large portion of the grapefruits being destroyed.

In the graph I attached, S2 refers to the supply curve AFTER the bad freezes. Notice how the price went up to P2 and the Quantity dropped to Q2.

If you need any clarification do comment. Cheers.

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Drag the tiles to the correct boxes to complete the pairs. Match the different types of communications with their descriptions.
Katarina [22]

Answer:

Matching the different types of communications with their descriptions:

Types of Communication  Descriptions

business letter                 : a formal way to communicate with people        

                                           outside your organization

business report               : a way to communicate financial information

note                                  : an informal handwritten message

memorandum                  : a formal way to communicate with people

                                           inside your office

Explanation:

a) Data:

Types of Communication:

business letter

business report

note

memorandum

Pairs

a formal way to communicate with people outside your organization

an informal handwritten message

a formal way to communicate with people inside your office

a way to communicate financial information

b) In Business, choosing the means of clear communication is very essential.  The format used to communicate internally is not the same format for communicating externally.  Even, within an organization, there are still different communication formats.  A handwritten note can be used instead of memorandum for some communications depending on the formality required.  Presenting a business report is more formalized than a handwritten note, for instance.

7 0
3 years ago
How does unemployment rate help you determine if the economy is strong or weak
RoseWind [281]
If your unemployment rate is high, that means you're making less money in all. If many people are without jobs, that means your labor force is also weak. Your employers will make a lot of cutbacks. 
6 0
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A _____ grants the inventor of a new product or process exclusive rights for a defined period to the manufacture, use, or sale o
Anna007 [38]

Answer:

patent

Explanation:

A patent is a type of intellectual property that is classified as an intangible asset. It provides the patent holder protection for any invention that he/she has developed and registered with the proper government authorities. Patents usually last between 14 to 20 years and during that time the patent holder has the exclusive right to manufacture, use or sell his invention.

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1. Assume that in the relevant jurisdiction, contracts with clauses restricting working for competitors for more than six months
jeyben [28]

<u>Answer: </u>Wrongful interference with a contractual relationship requires the existence of enforceable contract, third party  knowledge, and intentional inducement.

<u>Explanation:</u>

All the business consist of information which is invaluable and wants the employees to keep it within the business and not sell it to competitors. As they are the successful objectives of the business.

Contractual relationship is the relationship bound by legal requirements where there are two or more parties who agree with same terms through enforceable contract. Intentional inducement is where an individual causes damage to  contractual relationship with third party. The damage can be of monetary basis.

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Why has the chinese economy grown so rapidly in the recent years 1 pont?
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