All categories

4 years ago

Other things being equal, an increase in the number of sellers of a good will _____ for that good.

Business

1 answer:

Ahat [919]4 years ago

5 0

Answer:

The correct answer is letter "C": decrease equilibrium price and increase equilibrium quantity .

Explanation:

An increase in the number of sellers in a market of a certain good implies the quantity demanded for that good will increase, thus the equilibrium quantity will be higher. According to the demand law, if the quantity demanded goes up, the price is likely to decrease, so, the equilibrium price will be lower.

Thus, <em>the increase in sellers will raise the equilibrium quantity decreasing the equilibrium price.</em>

You might be interested in

One foreign project in Hungary and another in Japan had the same perceived value from the U.S. parent's perspective. Then, the e

zhenek [66]

Answer:

higher than that for the Hungarian project

Explanation:

One foreign project in Hungary and another in Japan had the same perceived value from the U.S. parent's perspective. Then, the exchange rate expectations were revised, upward for the value of the Hungarian forint and downward for the Japanese yen. From the parent's perspective, the break-even salvage value for the project in Japan would now be higher than that for the Hungarian project.

8 0

3 years ago

Explain about New product pricing strategy

Vanyuwa [196]

The first new product pricing strategies is called price-skimming. It is also referred to as market-skimming pricing. Price-skimming (or market-skimming) calls for setting a high price for a new product to skim maximum revenues layer by layer from those segments willing to pay the high price.

CORRECT ME IF IM WRONG

HOPE IT HELPS:)

7 0

2 years ago

Upper management is considering using a biodegradable packaging which costs $5 more per unit but it produces less waste in the l

bonufazy [111]

Answer:

Check the explanation

Explanation:

Please the answer to this question is in the attached file

You can confirm the answer by planning income statement with the calculated amount of unit so that whenever you’re through with the calculation, you must get an income figure of 240000. As the amount of units are in decimal so +/- of small number could be possible like you will get the operating income of 240005 if you put 13077 units .

4 0

3 years ago

Tronnes Corporation's net income last year was $1,750,000. The dividend on common stock was $2.60 per share and the dividend on

Montano1993 [528]

Answer:

The price-earnings ratio is closest to:

B. 11.54

Explanation:

To find the Price-Earning Ratio first, it's necessary to deduct from the Net Income the part corresponding to Preferred Stock,

which is , $1,750,000 - (100,000*2,5= $250,000) = $1,500,000

Then we calculte the Earning/Share Ratio : $1,500,000/300,000 = 5

Finally with the Market Price of shares, we can calculate the Price Earnings Ratio ; $57,70 / $5 = 11,54

Shares of Common stock outstanding 300.000 780.000

Shares of Preferred stock outstanding 100.000 250.000

NET INCOME Available 1.500.000

The market price 57,70

Price–Earnings Ratio 11,54

Earnings/Share Ratio 5,00

NET INCOME $ 1.750.000

4 0

4 years ago

The foreign corrupt practices act (fcpa) makes it illegal for us citizens to bribe high-ranking foreign officials to acquire new

Lady bird [3.3K]

<span>Proof beyond a reasonable doubt.</span>

The prosecutor bears the burden of proof and is required to demonstrate the version of their events to this standard. The prosecutor will be required to present evidence that shows beyond any reasonable doubt that the defendant is guilty before they can get a conviction.

7 0

4 years ago