With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required.
The equilibrium price will increase as the supply declines, while the quantity needed will go down. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change. Price decreases and quantity increases as supply grows. Price increases and quantity declines cause a drop in supply. The equilibrium price rises if the increase in supply exceeds the increase in demand. The equilibrium price falls if the increase in supply is greater than the rise in demand. Equilibrium quantity rises in both scenarios. The equilibrium price and quantity are impacted by upward movements in the supply and demand curves. The equilibrium price rises but the quantity decreases if the supply curve changes upward, indicating that supply declines but demand remains constant. For instance, pump prices are expected to increase if gasoline supply are reduced.
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Antitrust laws are implemented by both federal and state governments to promote B. Competition among firms.
- Without these Antitrust laws implemented by governments, some companies will stifle competition and tend towards monopolies.
- Antitrust laws check collusion among market players who may engage in price fixing and other anti-competition practices against consumers.
- Particularly, these Antitrust laws frown on the formation of cartels and the concentration of economic power in fewer hands.
Thus, Antitrust laws are not implemented to promote price fixing, monopolies, or bid rigging but to promote competition.
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<span>I would emphasize the ease of use. Consumers in a grocery store are regularly bombarded with visual stimulation, from brightly colored packaging to flashy statements, none of which are indicators of a healthy food. But by simply turning the package around and looking at the food label, one can quickly compare and deduce the health value of food as the labels are uniform and easy to read. Allowing the consumer to select the food that best for them, rather than the simply the most appealing package.</span>
Answer:
False
Explanation:
Correlation tells you if there is association between two or more variables. Regression analysis model allow you to predict one variable from the other.
Answer:
Please see explanation
Explanation:
The transactions shall be recorded in the general ledger in the following way:
Debit Credit
Cash $13,000
Common stock $13,000
(Received $13,000 cash from the issue of common stock)
Accounts receivable $45,000
Revenue $45,000
(Performed services on account for $45,000)
Utility expense $1,100
Cash $1,100
(Paid the utility expense of $1,100)
Cash $33,000
Accounts receivable $33,000
(Collected $33,000 of the accounts receivable)
Salaries expense $6,250
Salaries payable $6,250
(Recorded $6,250 of accrued salaries at the end of the year)
Retained Earnings $1,000
Cash $1,000
(Paid a $1,000 cash dividend to the stockholders)
