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
Alina [70]
3 years ago
12

joes shoe shop raises prices from the equilibrium price of $40 a pair to its new price of $60 a pair.

Business
2 answers:
kipiarov [429]3 years ago
6 0
I think you’re referring to the competitive equilibrium price
valentinak56 [21]3 years ago
3 0

Answer:

Since Joe's Shoe Shop increased their prices by 50% [= ($60 - $40) / $40], the quantity demanded by their customers will severely decrease resulting in in a supply surplus (or excess supply). An increase in the price of a product will increase the quantity supplied of the product but decrease the quantity demanded.

You might be interested in
The introduction of a union into an industry
Lemur [1.5K]

Answer:

Option A (Raises wages and employment in that industry)

Explanation:

A union is a group of people from a specific profession that protests/voices their opinions, concerns, and/or matters that they think are necessary for them to stay in that specific profession.

Labor unions give workers the power to negotiate for more favorable working conditions and other benefits through collective bargaining. Union members earn better wages and benefits than workers who aren't union members. On average, union workers' wages are 28 percent higher than their nonunion counterparts.

5 0
2 years ago
Terry traveled to a neighboring state to investigate the purchase of two hardware stores. His expenses included travel, legal, a
malfutka [58]

Answer: See explanation

Explanation:

a. Terry was in the hardware store business and did not acquire the two hardware stores.

The amount that Terry will deduct in 2020 will be $52000 which is the deduction for all expenses.

b. Terry was in the hardware store business and acquired the two hardware stores and began operating them on October 1, 2020.

In this case, he'll also deduct $52000 which is the deduction for all expenses.

c. Terry did not acquire the two hardware stores and was not in the hardware store business.

None of his expenses will be deducted. The amount it be deducted is 0.

5 0
3 years ago
An economy produces 10 cookies in year 1 at a price of $2 per cookie and 12 cookies in year 2 at a price of $3 per cookie. From
Vaselesa [24]

From year 1 to year 2,  the real GDP of the economy increases by 20%.

<h3>What is real GDP?</h3>

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.

<h3>What is the increase in real GDP?</h3>

GDP in year 1 = 10 x $2 = 20

Real GDP in year 2 using year 1 prices as base price = 12 x $2 = $24

Increase in real GDP = (24 / 20) - 1 = 20%

To learn more about GDP, please check: brainly.com/question/15225458

5 0
2 years ago
What is the name of the company that made and had their own branding on unofficial nintendo entertainment games.
Sidana [21]

Tengen is the name of the company that made and had its own branding on unofficial Nintendo entertainment games.

<h3>Tengen</h3>

It was incorporated on December 21, 1987. In 1988, Tengen emitted its first and only three games authorized by Nintendo: R.B.I. Baseball, Pac-Man, and Gauntlet. Meanwhile, Tengen privately worked to avoid Nintendo's lock-out chip called 10NES which granted it control over which games were published for the NES.

<h3>Nintendo Co., Ltd.</h3>

Nintendo Co., Ltd. is now the biggest video game business by revenue, as a Japanese multinational customer electronics corporation headquartered in Kyoto, Japan.

To learn more about Nintendo visit the link

brainly.com/question/15698254

#SPJ4

8 0
2 years ago
New issues of municipal short term notes are available in which form?
igomit [66]

Answer: book entry

Explanation:

A municipal bond, which is commonly referred to as a muni bond, can be defined as a bond that is issued by a particular territory or local government in order to finance public projects like airports, schools, roads, museums, seaports, and infrastructure. It should be noted that new issues of municipal short term notes are available in book entry form.

7 0
3 years ago
Other questions:
  • Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
    13·1 answer
  • A merger between a company and one of its suppliers is known as a _______ merger.
    14·2 answers
  • Conquistadores were from?
    9·1 answer
  • How much money will Yoko have left over for her savings each month? $85 $95 $110 $120
    14·2 answers
  • How do you find love
    14·1 answer
  • Belltower, Inc. has net income for 2016 of $370,000. At January 1, 2016, the company had outstanding 54,000 shares of $50 par va
    10·1 answer
  • Which trade bloc was created to encourage free trade and economiccooperation between Canada, Mexico, and the United States?
    14·2 answers
  • What are the name of the 7 contents
    11·1 answer
  • The relationships between inventory and throughput, and inventory and operating expense are defined as follows: As everyone is s
    14·1 answer
  • What would be your dream job working in the Sports Marketing world and why?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!