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USPshnik [31]
4 years ago
5

Suppose an early freeze affects the market for oranges. The equilibrium quantity in this market will not change after the change

in supply if the demand curve were:
1. perfectly horizontal.
2. perfectly vertical.
3. downward sloping.
4. upward sloping.
Business
1 answer:
BlackZzzverrR [31]4 years ago
3 0

Answer:

2) perfectly vertical

Explanation:

When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.

In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.  

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<h3>What is the Expected return?</h3>

= (Probability of Recession × Return during recession) + (Probability of normal × Return during normal) + (Probability of boom × Return during boom)

Expected return for stock A:

= (0.20 * .05) + (0.57 * 0.08) + (0.23 * 0.13)

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Therefore, the expected return for stock A and B is 8.55% and 15.11% respectively.

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3 0
2 years ago
If the quantity of loanable funds demanded exceeds the quantity of loanable funds supplied______________.
Ivenika [448]

Answer:

d. there is a shortage and the interest rate is below the equilibrium level.

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Therefore, there is a shortage and the interest rate is below the equilibrium level.

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3 years ago
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Answer:

$ 7,012.50

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Please see attachment

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4 years ago
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Answer:

The remaining part of the question is:

A) clan culture.

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Correct Answer:

D) <u>market culture. </u>

<u></u>

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5 0
3 years ago
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