Based on the graph that shows the change in the market for bicycles, the statement that explains the graph is The demand for bicycles increased due to news about the health benefits of exercise. The market price & quantity increased.
<h3>Which statement explains the supply and demand graph?</h3>
The question is not complete as the graph is not given. However, an answer can be formulated based on the laws of demand and supply.
The most likely option to be true is that the demand for bicycles increased due to news about its health benefits and then this led to the market price and quantity increasing.
This is because the increased demand for the bicycles would have drove the prices up. This would then have inspired suppliers to produce more bicycles thereby increasing bicycle quantity as well.
Find out more on demand increasing at brainly.com/question/4371942
#SPJ1
Answer:
$33,540,000
Explanation:
initial investment:
- opportunity cost of land (resale price of land) = $10,700,000
- building cost of the facilities = $21,900,000
- other expenses related to the site (grading) = $940,000
- total $33,540,000
The purchase cost of the land is considered a sunk costs, since it is not relevant now. What is relevant is the price at which the land could be sold at the moment of starting the project.
The first one is specific because it tells what kind of traveling they want to check that their friends have done
Answer:
5.5%
Explanation:
Nominal GDP = 3.5%
Economic growth rate = -2.6 %
population growth = 0.6%
To calculate the annual inflation rate :
Economic growth rate = Nominal GDP - %change in price - population growth
-2.6 = 3.5 - %change in price - 0.6
Therefore the %change in price ( inflation rate ):
inflation rate = 3.5 + 2.6 - 0.6
= 3.5 + 2
= 5.5%
The inflation rate of a country measures the relative increase increase in the price of commodities without a relative increase in purchasing power
