Answer:
Rightward; demand
Explanation:
Suppose the equilibrium price of bottled water has risen from $1.00 per bottle to $2.00 per bottle and the equilibrium quantity has increased. These changes are a result of a ___Rightward___ shift of the ___demand__ curve for bottled water.
When demand and supply are at balance, it means that equilibrium has been attained.
A shift in the demand means consumers are willing to buy more irrespective of the price.
Equilibrium price and equilibrium quantity is said to increase when there is a rightward shift in demand curve.
In this case, since, the equilibrium price of bottle water increased from $1 to $2 and equilibrium quantity of bottle water increased, therefore it can be said that there's a rightward shift in the demand curve of bottle water. The price change was as a result of change in demand
Answer:
The correct answer is letter "B": resources are limited and therefore cannot satisfy one's many competing wants.
Explanation:
Scarcity is the main problem in economic by which people have unlimited needs but finite resources to satisfy them. As a result, individuals must make tradeoffs to sacrifice part of the satisfaction of a need, to satisfy part of another need. Scarcity pushes people to make rational decisions to maximize their returns.
Answer:
answer is
put those two articles in to alphabetical order according to their titles
Explanation:
You would have to invest 97,222
97222*6=5833.32 + 97222= 103055.32 Year one
103055.32*.06= 6183.32 = 109238.64 Year two
109238.64*.06= 6554.32= 115792.96 Year three
115792.96*.06= 6947.58 = 122740.54 Year four
<span>The breakeven point in units for Fuschia is 7000 units.
You find this figure by taking the total fixed costs (84,000) and dividing it by the contribution margin (12). This gets you to the breakeven point that the company can expect.</span>
