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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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Answer:

The short run refers to a period of less than one year.

Explanation:

The statements is false that the short run refers to a period of less than one year.

The short run, long run and very long run are different time periods in economics.

<u>Short run – where one factor of production (e.g. capital) is fixed</u>.

long run – Where all factors of production are variable,

Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>

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3 years ago
site:coursehero.com why is it crucial to collect and analyze data when planning professional development sessions?
Neporo4naja [7]

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7 0
1 year ago
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?
Alina [70]
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?


 The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.


2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624 
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest

So, the answer will be the A $624.


3. What is the total amount that Sherri (in question number 2) will repay?

The correct answer will be the $3,824.


7 0
3 years ago
Ursula has a high tolerance for ambiguity but focuses on technical aspects more than social aspects. She is a careful decision m
Serga [27]

Answer:

Analytical

Explanation:

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3 years ago
Generally speaking, __________ firm markets its existing products and services in other countries the same way it does in its ho
babymother [125]

Answer:

<u>international </u>

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3 years ago
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