Answer:
The equilibrium quantity in the organic produce market will increase. The change in price depends upon the extent of change in demand and supply.
Explanation:
Advancement in technology will cause the cost of producing organic products to decline. As the cost of production decreases, the producers will be able to produce more at the same cost. As a result, the supply will increase. This will cause the supply curve to shift to the right.
At the same time, increased preferences for organic produce will increase its demand. As a result, the demand curve will shift to the right.
This rightward shift in both the demand and supply curve will increase the equilibrium quantity in the market. The change in price will depend on the extent of change in demand and supply.
If both demand and supply increase by the same proportion the equilibrium price will remain the same as earlier. If the increase in demand is more than the increase in supply the equilibrium price will increase. If the increase in supply is more than the increase in demand the equilibrium price will decrease.
Answer:
period of the sale of the product.
Explanation:
As we know that
When we purchase the product in most cases the product warranty comes along with it
So if there is a case of damage or repair than it would be replaced with the new product
Plus the cost of the product warranty should be included as an expense in the period when the product is sold as it is attached to the product and the same is charged by the customer
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Answer:
the principal amount at a rate of 4% is 2000
principal amount at a rate of 3.5% is 4000-2000 =2000
Explanation:
We have given total amount borrowed = $4000
Let x amount is borrowed at a rate of 4%
So $4000-x is borrowed at rate of 3.5%
Total interest = $150
We know that simple interest
So
0.5 x=1000
x = 2000
So the principal amount at a rate of 4% is 2000
And principal amount at a rate of 3.5% is 4000-2000 =2000