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ICE Princess25 [194]
3 years ago
11

A change in quantity supplied of a product is the result of a change in

Business
1 answer:
jekas [21]3 years ago
5 0
Demand supply and market equilibrium will have many changes due to change in the quantity of a supplied product.
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Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8%. The date of the loan was September 20. Janet hoped to repa
coldgirl [10]

Answer:

The interest is $189.78

Explanation:

The computation of the interest on January 20 is shown below:

= Principal × interest rate × number of days ÷ total number of days in a year

= $7,000 × 8% × 122 days ÷ 360 days

= $7,000 × 8% × 0.338

= $189.78

The 122 days are calculated below:

September - 10 days

October - 31 days

November - 30 days

December - 31 days

January  - 20 days

Total    - 122 days

And we assume the 360 days in a year

8 0
3 years ago
Assume the cost of aluminum used by soft-drink companies increases. Which of the following correctly describes the resulting eff
EastWind [94]

Answer:

III. The supply of soft drinks decreases

Explanation:

Changes different from price and quantity supplied or quantity demanded will cause changes in the total supply or demand. In this case, an increase in the cost of the aluminum used by soft-drink companies will increase their cost of production. Because this affects companies which supply canned soft drinks, this increase in the cost of production will affect the total supply. If the cost of production increase, with the same resources, they will produce less but need to compensate this decrease in units by increasing the price. In the demand and supply graph, the supply will shift to the left and this will decrease the equilibrium quantity and increase the equilibrium price.

6 0
4 years ago
A coase solution to a problem of externality ensures that a socially efficient outcome is to
agasfer [191]

A coase solution to a problem of externality ensures that a socially efficient outcome is to maximize the joint welfare, irrespective of the right of ownership.

Explanation:

In law and in economics the Coase theorem explains the economic efficiencies in the existence of externalities. The economic efficiency of economic allocation or outcome. In practice, barriers to negotiation or poorly defined rights of property can prevent coasean negotiations.

The private external solutions include, for the benefit of the relevant parties, moral codes, charities and business fusions and contracts. In the theorem, two parties can bargain and obtain an optimal outcome in the presence of an externality when transaction cost is low.

4 0
3 years ago
Sort each description into the category where it fits best. Inflation and Deflation
Pie
First three together in the first I think
4 0
3 years ago
Read 2 more answers
Why did thousands of russians citizens march on st. petersburg in 1905?
Elina [12.6K]
<span>they marched to demand better working conditions,more personal freedoms, and greater representation in government.</span>
3 0
3 years ago
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