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lord [1]
3 years ago
12

In a market economy, a high price will usually cause

Business
1 answer:
Talja [164]3 years ago
6 0

Answer:

C) producers to supply more and consumers to buy less.

Explanation:

The typical supply curve is upward-sloping (higher price leads to higer quantity supplied) and the typical demand curve is downward sloping (higher price lower quantity demanded).

Price is a measure of how much one good can be exchanged for other things. Production incurred cost (tend to rise as more resources become harder to obtain) so to supply more suppliers will demand higher price. Purchasing higher price good means consumers have less money (less of other goods can be bought) consumer will buy less good at higher price.

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A company paid ​$140 comma 000 for a new​ 18-wheeler. When it is 11 years old it will be worth ​$30 comma 000. Using​ straight-l
ser-zykov [4K]

Answer:

V(n)=140,000-10000n

V(7)=$70,000

Explanation:

Purchase Cost= $140,000

Value After 11 Years =$30,000

Depreciation per Year = \frac{140000-30000}{11}  = \frac{110000}{11} =10000

The truck depreciates at a rate of $10000 per year.

Using​ straight-line depreciation, the value of the truck in​ dollars, V

The linear function of its age in years n, V(n)=140,000-10000n

When the truck is 7 years old

n=7

Truck's Value, V(n)=140,000-10000n

=140,000-(10000X7)

=140,000-70000

=$70,000

4 0
2 years ago
What will the federal government (federal reserve bank) do in an attempt to encourage saving and investing?
Ksju [112]
Hello!

Answer <••> Raise dividend rates
8 0
2 years ago
A 55 year old woman wishes to remove funds from her Individual Retirement Account to remodel her house. The customer is subject
Sonja [21]

Answer:

D

Explanation:

with the tax you have to pay and the withdraw amount i would say that that woman will have a happy retierment and remodle her house

5 0
3 years ago
How does an unemployment rate help you determine if an economy is strong or weak?
fomenos
A low unemployment rate means the economy is strong and a high unemployment rate means the economy is weak because the companies are out of business and many lose their jobs, this will lead to many poor people
7 0
3 years ago
According to the theory of supply-side economics, a cut in the tax rate will actually result in an increase rather than a decrea
shusha [124]

Answer:

When the government lowers tax rates, both consumer spending and private investment increase, leading to an increase in economic growth which will in turn contribute to increase government revenue through a higher tax base.

Explanation:

For every dollar that an individual earns, two things happen:

  1. propensity to consume: proportion of total income that individuals decide to spend instead of saving. Consumer spending increases private consumption.
  2. propensity to save: proportion of total income that individuals decide to save instead of spending. All the money individuals save become private investment.
7 0
3 years ago
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