1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vlad1618 [11]
3 years ago
8

(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0

.2Q. If demand changes from P = 10 - .2Q to P = 7 - .3Q, the new equilibrium quantity is
Business
1 answer:
ioda3 years ago
5 0

Answer:

Q = 10

Explanation:

Assuming that supply remains the same, the new supply and demand equations are, respectively:

P_S = 2 + 0.2Q\\P_D = 7 - 0.3Q

The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:

2 + 0.2Q = 7 - 0.3Q\\0.5Q=5\\Q=10

The new equilibrium quantity is Q = 10.

You might be interested in
Assume a firm's resources and capabilities are costly to imitate. This is because rival companies do not clearly understand the
Nana76 [90]

Answer:

True

Explanation:

A core competency refers to those unique capabilities built by an organization which are hard to imitate by rivals and which give such an organization a competitive advantage over the rivals.

A casual ambiguity refers to the state of non clarity with respect to how consequences relate to the initial state of a phenomenon.

In the case of firm, the phenomenon being the built up to core competency which the rivals are unable to decipher with respect to the relationship between the firm's resources and capabilities.

6 0
3 years ago
Cool Gelato uses various sizes of foam cups. The use of 8oz foam cups is constant throughout the year, and Cool Gelato expects t
ruslelena [56]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
2 years ago
In most transactions, the buyer is accepting the condition of the property at what point in time:_________
Dmitriy789 [7]

Answer:

b. At the signing of the contract

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent and it is at this point they (buyer and seller) sign the contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

<em>Hence, in most transactions, the buyer is accepting the condition of the property at the signing of the contract as an approval or consent to the terms and conditions. </em>

7 0
3 years ago
What are the features of banking and non banking financial institutions​
Dmitry_Shevchenko [17]
Well this may not be me answering it but this guy is a lot of help tho

5 0
3 years ago
Apex Corp. asks its consumers to determine how they perceive the similarities and dissimilarities among relevant product attribu
8_murik_8 [283]

Answer: (C) Perceptual mapping

Explanation:

The perceptual mapping is one of the type of technique that is used by the marketers for visually displaying the different types of perceptions of the consumers and the users.

It is also known as the market mapping technique that is used for the developing the various types of brands and the products in the market for based on the customer perspective.  

According to the given question, the Apex corp. is using the perpetual mapping technique for determining the different types of product attribute in the market.  

 Therefore, Option (C) is correct answer.

6 0
3 years ago
Other questions:
  • Which of the following pair of journal entries correctly records the current month's activity where the company had $21,030 in t
    8·1 answer
  • Which of the following groups has the responsibility for identifying and deciding the appropriate accounting treatment for recor
    9·1 answer
  • Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Com
    12·1 answer
  • I need help with the picture above can anyone please help me i am really struggling
    5·1 answer
  • g 1)Which of the following strategies are used by business firms to capture consumer surplus?1)A)Two-part tariffsB)Price discrim
    14·1 answer
  • Dupont has an advertisement that shows police officers describing how they were shot at close range in the line of duty. the adv
    9·1 answer
  • You own shares in a start-up internet company. If large swings in the stock market increase financial investors' concerns about
    12·1 answer
  • Once a company has decided to employ a particular generic competitive strategy, then it must make the following additional strat
    14·1 answer
  • When a lender requires tax and/or insurance amounts to be deposited with the lender by placing the monies in an escrow account,
    5·1 answer
  • B. the budgeted indirect-cost driver rate for y based on the number of machine-hours is in excess of x by ________per machine ho
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!