Answer:
Downward sloping; horizontal line; demand; large number of competitors
Explanation:
A monopoly is a market structure where there is only a single firm in the market. This firm is a price maker. It can charge whatever price it wants, but the consumers will demand more at a lower price.
That is why the demand curve of a monopoly is downward sloping and the same as the market demand curve.
A perfectly competitive market refers to the market structure where there is a large number of buyers and sellers. These firms are price takers. They face a horizontal line demand curve. This is because of a large number of competitors producing homogenous products. So if a firm raises its prices the consumers will move to the firm at a lower price.
The market demand curve though is downward sloping.
Answer:
c. There is a direct relationship between a good’s price and the amount offered for sale by suppliers.
Explanation:
According to the law of supply concept, it shows a direct relationship between the price and the quantity supplied.
As the price is rising, the quantity supplied also increases and if the rice is declining, the quantity supplied is also decreases
Since the supply curve slopes upward in the right direction which reflects the direct relationship between the price and the quantity supplied.
Answer: 8.05%
Explanation:
From the question, we are informed that Holdup bank has an issue of prefered stock witha stated dividend of $7 that just sold for $87 per share.
The banks cost of prefered will be:
= Dividend / Stock value
= 7/87
= 0.0805
= 8.05%
Answer:
B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
Explanation:
Here the falling in unemployment represents that there is a movement with respect to the resources that are fully employed.
In this the unemployment means that it could be occured inner side of the PPF but if there is an increase, so the point of the production would be moved inner of the PPF to the PPF
Therefore the option B is correct
Answer:
The amount of real property taxes that Elaine is allowed to deduct for year 1 is $7150.
Explanation:
Elaine started living in the new home from July, which means that she has been living there for 6 months ( as per current date). But at the time when she purchased the house the total amount of property tax was $13,300 and now it is $14,300.
Since last 6 months she has been living in that home, and current property tax is $14,300 , that means now she is allowed a 50% deduction on the property taxes ,
$14,300 / 2 = $7150
Therefore Elaine is allowed $7150 as amount of deduction on property tax.
