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TiliK225 [7]
3 years ago
12

Suppose that in the U.S. consumer market, the demand for credit cards is increasing. As the demand for credit cards increases, w

hat are the effects on the equilibrium quantity and interest rate in the market for credit? Illustrate this effect on the graph below by shifting the appropriate curve.
Business
1 answer:
Anna [14]3 years ago
8 0

Answer:

Both equilibrium quantity and interest rate will shift to the right.

Explanation:

A shift to the right on those two factors candidates a general increase in the market.

As a demand for a certain product increase, The producer will match it up by increasing the supply of that product in order to accommodate as many consumers as possible. This will cause the equilibrium between demand and supply increased.

As the consumers base grow, there will be more competitors show up to offer the credits for the customers. This will make the potential income that credit providers decreased. As a response, it is very common for them to raise the interest rates for the credit.

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IT Support Services is a technology company that offers many IT services in highly populated southern Maine. The company's servi
Vitek1552 [10]

Answer:

<em>broad needs and many customers. (Access-based positioning) </em>

Explanation:

Consumer segmentation that is available in multiple ways.

While their needs are similar to those of other consumers, the difference is the best activity structure to reach them.

Entry can be a feature of company location or consumer size or anything that takes a different set of activities to meet clients in the best possible way.

7 0
3 years ago
Jimmy corporation uses the weighted-average method in its process costing system. the ending work in process inventory consists
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Weighted-average method

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Materials: 20,000 units × 100% 20,000

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Materials Labor and Overhead Total

Ending work in process inventory:

Equivalent units of production (a) 20,000 14,000

Cost per equivalent unit (b) $3.20 $2.00

Cost of ending work in process inventory (a) × (b) $64,000 $28,000

$92,000

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3 years ago
Who in the u.s. is responsible for maintaining money's purchasing power? the senate congress the board of governors of the feder
kkurt [141]

the board of governors of the federal reserve system

3 0
3 years ago
The day after you said goodbye
TiliK225 [7]
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8 0
3 years ago
Read 2 more answers
The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ratio, respectively. Before li
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The answers are the following:
a. 
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Ryan:
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b.
Brandon $7,000
Ryan <span>$7,000</span>
6 0
3 years ago
Read 2 more answers
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