Answer: <u><em>(I.) An increase in peach supply and a perfectly elastic peach demand.</em></u>
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Explanation:
Equilibrium price in the peach market has decreased, but equilibrium quantity has stayed the same. The following scenario is possible only when <u><em>there is an increase in peach supply and a perfectly elastic peach demand. </em></u>
This can be further explained using a graph:
Explanation:
Remember, inflation is scenario in an economy in which there occurs a constant rise in the prices of commodities/services in the market, which may lead to a reduction of the money in circulation.
Although, developing countries could use alternative approaches such as taxation or cutting down government expenditure, they do not use this but prefer "inflation solution" because it appears to be the easy way out.
Since, taxes are always lesser than required to run the economies of developing countries they (the government) may not use this approach.
D. Liabilities. Hope this helps!
Answer:
The overhead variance for the year is $ 30000 and is Favorable/overapplied.
Explanation:
Overhead variance = Actual overhead - Applied overhead
= $470,000 - $500,000
= - $30000
Therefore, the overhead variance for the year is $ 30000 and is Favorable/overapplied.
Answer:
don't even know what u really saying