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qwelly [4]
3 years ago
10

If the supply of a product decreases and the demand for that product simultaneously increases, then equilibrium: price must rise

, but equilibrium quantity may rise, fall, or remain unchanged. price must rise and equilibrium quantity must fall. price and equilibrium quantity must both increase. price and equilibrium quantity must both decline.
Business
1 answer:
MArishka [77]3 years ago
8 0

Answer:

The correct answer is: price must rise, but equilibrium quantity may rise, fall, or remain unchanged.

Explanation:

If the supply of a product decreases the supply curve will shift to the left. At the same time, if there is an increase in demand, the demand curve will move to the right. This simultaneous shift in both demand and supply will lead to an increase in the price of the product.  

The change in the quantity demanded will depend on the extent of change in demand and supply.

If both changes by the same proportion the equilibrium quantity will remain the same. If demand increases more than the decrease in supply the equilibrium quantity will increase. If the demand increases less than decrease in supply, the equilibrium quantity will fall.

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A Not-for-Profit Organization
yuradex [85]

Answer:

1.The parties involved can ask the government to raise the allocation of funds to  the student community service organization

2. Volunteers will be available to help out in the project

3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)

Explanation:

Planning of  a large party or an event is called a  project. This is because, it was a specific party for a specific purpose and It was held on a specific date and time(beginning and end).

A project must have an objective . It must have stakeholders. This whose decision will greatly affect the outcome of the project

The following are the assumption made by the stakeholders of the project:

1.The parties involved can ask the government to raise the allocation of funds to  the student community service organization

2. Volunteers will be available to help out in the project

3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)

The needs identified are:

-Money to support food purchasing.

-Grow the volunteer force.

-Food donations.

-To teamwork and synergy with a common goal.

6 0
3 years ago
Cho has opened a new startup company in web design. within the first month of business, the startup agrees to maintain an accoun
mixer [17]

The question is not complete, last part of the question is missing which I write below;


Which of the following principles of economic interaction best describes this scenario?


And the answer is "trade can make everyone better off ".


Trade can make everyone better off in light of the fact that it enables nations or companies to work in what they excel at and to appreciate a more extensive assortment of products and ventures.

The three principles concerning economic interactions are:

(1) Trade can make everyone better off;

(2) Markets are generally a better way to arrange economic activity

(3) Governments can at times develop market outcomes.


7 0
3 years ago
A recent gallup study reported that firms with top engagement scores had _____ higher productivity.
Gnesinka [82]
A recent Gallup study reported that firms with top engagement scores had 18% higher productivity. 
Gallup is a company that does market research, and this was one of their latest ones in order to see whether people who engage in their work more actually produce more.
8 0
4 years ago
Worldwide annual sales of a product in 2013–2017 were projected to be approximately q = −10p + 4,700 million units at a selling
OlgaM077 [116]

The revenue function is given by R = -10p² + 4700p

Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.

Given an annual sales (q) as:

q = (−10p + 4,700) million units.

The selling price is $p per unit. Hence:

Revenue = per unit price * annual sales

Revenue = p * (−10p + 4,700)

Revenue (R) = -10p² + 4700p

The revenue function is given by R = -10p² + 4700p

Find out more on Revenue at: brainly.com/question/16232387

8 0
3 years ago
Caroline is conducting a share point analysis for Bloomingdale's. First, she estimates total industry sales by compiling a list
Pepsi [2]

The correct answer is B) Compute gross margin per sales point.

Caroline is conducting a share point analysis for Bloomingdale's. First, she estimates total industry sales by compiling a list of all department stores and their sales for the previous year. Next, she estimates Bloomingdale's market share within the industry. To find the value of one share point, Caroline must <em>compute the gross margin per sales point.</em>

Gross margin is part of the income statement that firms or industries need to elaborate every year. This metric indicates a detailed description of a company's revenues, expenses, and profit. When preparing a budget, gross margin defines the limits a company must take into account. That is why Caroline must pay close attention to the calculation and computing.

3 0
3 years ago
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