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Bumek [7]
3 years ago
13

Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b

read and potatoes are a consumer substitute for bread, we would expect the price of wheat to:
a. rise, the supply of bread to decrease, and the demand for potatoes to increase.
b. rise, the supply of bread to decrease, and the demand for potatoes to decrease.
c. rise, the supply of bread to increase, and the demand for potatoes to increase.
d. fall, the supply of bread to increase, and the demand for potatoes to increase.
Business
1 answer:
tatyana61 [14]3 years ago
3 0

Answer: a. rise, the supply of bread to decrease, and the demand for potatoes to increase.

Explanation:

According to the Economic law of SUPPLY AND DEMAND, less supply means HIGHER prices simply because the good is becoming scarce not unlike fuel during global oil shortages.

Now, we are told that the drought reduced the supply for wheat which means the SUPPLY of wheat has DECREASED and this will translate to the SUPPLY of Bread DECREASING as well. According to the aforementioned law, prices of Bread will therefore RISE.

Since Bread prices have risen, people will seek alternatives to bread as they may not want to pay the high price. This will lead them to choosing the alternative to bread which in this case are Potatoes which would therefore INCREASE the DEMAND for potatoes.

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Nastasia [14]

Organizations use Tactical  planning to determine what contributions the departments or work units can make toward the organization's strategic priorities and policies during the next 6 -- 24 months.

<u>Explanation:</u>

Tactical planning is a precise ascertainment and scheduling of the paramount or short-term pursuits expected in fulfilling the aspirations of strategic planning. The tactical planning manner occurs in real-time, endeavoring short-term consequences. Possessing this methodology in point empowers the company to execute agile tactics to surpass within the corresponding sale.

In the tactical point, the business is reacting to urgent certainties. Tactical planning is abnormally frequent with performance-driven activities. Immobile job positions with recurring responsibilities like recording and making infrequently want a tactical plan because compatible is the most eminent state consequence in these job roles.

7 0
3 years ago
The ___________ is a statement for the daily business transactions. it includes the list of checks and balances for the office f
Leto [7]

The Date sheet is a statement for daily business transactions. it includes the list of checks and balances for the office for a specific date of service.

A business transaction is an economic event involving a third party that is documented in the accounting system of a company.

Such a transaction needs to have a monetary value. Business transactions include, for example:

In a specific diary, such as a purchasing journal or sales journal, high-volume commercial transactions may be documented.

These journals are used to record business transactions, which are then regularly compiled and submitted to the general ledger.

Transactions with a lower volume are submitted straight to the general ledger. The financial accounts of the company eventually include a summary of these transactions.

A source document must always be used to back up a business transaction. A purchase order, for instance, might be used to facilitate the purchase of items from a supplier and the payment of wages to an employee.

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8 0
2 years ago
The general common law rule on contract modifications holds that an agreement to modify an existing contract requires a(n):
dlinn [17]
<span>agreement to modify an existing contract would be the answer</span>
8 0
3 years ago
Old Economy Traders opened an account to short sell 1,000 shares of Internet Dreams from the previous problem. The initial margi
GrogVix [38]

Answer:

a.38%

b. No because the margin is above the requirement at 38%

c.-150%

Explanation:

a.

1000 shares*$40 per share = 40000

margin requirement is 50% so equity = 20000

1 year later price increase to 50

$1000 shares*$50 per share = 50000

dividend = $2*1000 = 2000

margin = 20000/52000 = 38%

b.

No because the margin is above the requirement at 38%

c.

Price of 1000 stock year 1 at 50$/share = 50000

40000 – 50000 = -10000

Rate of return = (-10000 -20000)/20000 = -150%

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3 years ago
The chief executive officers of the major U.S. steel makers would most likely be prosecuted under the antitrust laws if they Gro
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Agreed to work together to control the price of domestic steel.

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<h3>What are the objectives of antitrust law?</h3>

The Sherman Act, the nation's first antitrust statute, was enacted by Congress in 1890 as a "comprehensive charter of economic liberty designed to maintain open and unhindered competition as the rule of commerce." The antitrust laws generally prohibit unauthorized mergers and business practices, leaving it to the courts to determine which ones are prohibited based on the specific facts of each case.

From the era of horses and buggies to the modern digital era, courts have applied antitrust rules to evolving marketplaces. Nevertheless, for more than a century, the antitrust laws have had the same fundamental goal: to safeguard the competitive process for the benefit of consumers, by ensuring that there are strong incentives for businesses to operate effectively, keep prices low, and keep quality high.

<h3>The three core federal antitrust laws:</h3>
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