Sabrina decided to start selling lemonade on her street. The other kids in the neighborhood noticed that Sabrina was making a lo
t of money selling lemonade. These kids decided to open their own lemonade stand. When they opened their own lemonade stand, the equilibrium price ________ and the equilibrium quantity ________. Group of answer choices a. decreased; decreased b. stayed the same; stayed the same c. increased; decreased d. increased; increased e. decreased; increased
1 answer:
Answer:
e. Decreased; Increased
Explanation:
The market equilibrium refers to the condition in which the price and the quantity are in equilibrium if the conditions of supply (what the producers offer) and demand (what the consumers buy) don't change.
In this case we have that as the other kids decide to sell more lemonade the amount of lemonade is going to increase (equilibrium quantity) and because of this the price is going to decrease (equilibrium price).
Then when the other kids open theirown lemonade stand, the equilibrium price <u>descreased</u> and the equilibrium quantity <u>increased.</u>
You might be interested in
Answer:
a
The x- and y-components of the total force exerted is
b
The magnitude of the force is
The direction of the force is
Clockwise from x-axis
Explanation:
From the question we are told that
The magnitude of the first charge is
The magnitude of the second charge is
The position of the second charge from the first one is
The magnitude of the third charge is
The position of the third charge from the first one is
The position of the third charge from the second one is
The force acting on the third charge due to the first and second charge is mathematically represented as
Substituting values
The magnitude of is mathematically evaluated as
The direction is obtained as