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telo118 [61]
3 years ago
6

When people move to an area of the world that was previously unpopulated, we expect more consumers and more producers to spring

up in that area. What would we expect to happen to the price and quantity in the markets where this happens?a) The equilibrium price will go up and the equilibrium quantity will go up. b) The equilibrium price will go down and equilibrium quantity will be indeterminate. c) The equilibrium price will be indeterminate and equilibrium quantity will go up. d) The equilibrium price will go up and equilibrium quantity will be indeterminate. e) The equilibrium price will be indeterminate and equilibrium quantity will go down.
Business
1 answer:
lukranit [14]3 years ago
4 0

Answer:

The correct answer is option c.

Explanation:

When people move to a previously unpopulated area, the quantity of both consumers as well producers will increase. This will create an increase in both the demand as well as the supply. Both the demand and the supply curve will move to the right.

This rightward shift in both the demand as well as supply curve will lead to an increase in equilibrium quantity. The change in equilibrium price will depend upon the extent of change in demand and supply.

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The most useful allocation basis for the departmental costs of an advertising campaign for a storewide sale is likely to be: Mul
azamat

Answer:

Proportion of sales of each department.

Explanation:

Advertising expense directly effects the sales of the business. As the campaign is made store-wide sales and it does not directly traceable to any specific department. It need proper basis for allocation of expenses. The proportion of sales of each department is the most suitable basis from all of the given options because the share of benefit from the campaign is received in the form of sale. A campaign might mostly effects the sales.

3 0
3 years ago
Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warra
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Answer:

Product warrant liability to be reported as on 31.12.2021* is $3.124

<em>*The procedures are attached in a microsof excel document. </em>

Explanation:

This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.

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6 0
3 years ago
TJ Maxx, a discount apparel and home decor store, recently added an online retail option. It cautiously promoted this online sho
marishachu [46]
<h2>TJ Maxx wanted to minimize <u>brand cannibalization</u></h2>

Explanation:

A) microtargeting : Micro targeting is basically a marketing strategy to identify the need of the people using "data-mining" technique. Normally used by politicians to get people interest during the time of election.

B) brand cannibalization : It is the reduction of one product due to the release of another new product. TJ Maxx is interested more on people visiting more to shops than online.

C) retail mixing : It constitutes of 6 “P's”. They are presentation, personnel, product, place, promotion, price.

D) retail channel omnification: Activities pertaining to the direct marketing are termed as retail channel omnification.

5 0
3 years ago
Identify the incorrect statement about trade barriers. They may limit a firm's ability to serve a country from locations outside
son4ous [18]

Answer:

They may put a firm at a competitive advantage to indigenous competitors

Explanation:

Trade barriers is when the government put up barriers to import. The goal of this is to increase local production of goods and services.

Trade barriers can be in the form of quotas or import taxes

Trade barriers makes the import of goods more expensive and this discourages imports

8 0
2 years ago
The Pandemic has made chicken more expensive, in order to offset this effect to consumers, government subsidized the price of ch
Ira Lisetskai [31]

Answer:

The Pandemic has made chicken more expensive, in order to offset this effect to consumers, government subsidized the price of chickens by a per-unit subsidy. If it wants to study the substitution effect of this subsidy, the government should imposed a Lump-sum tax.

False

Explanation:

The government should have imposed a lump-sum subsidy if it really wanted to study the substitution effect of the subsidy instead of imposing a lump-sum tax.  This subsidy should be granted to chicken farmers to reduce their production costs, which will in turn reduce the cost of chicken to the consumers.  A lump-sum tax sounds like a contradictory effort to offset the high cost of chicken on the consumers.

6 0
2 years ago
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