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V125BC [204]
3 years ago
5

Assuming all other variables that affect supply are held constant, which of the following outcomes happen in the market for DVD

players if the price of DVD players increases? Select the correct answer below:
a. The supply curve for DVD players will shift to the left.
b. The supply curve for DVD players will shift to the right.
c. There will be an increase in the quantity supplied of DVD players.
d. The quantity supplied of DVD players will remain unchanged.
Business
1 answer:
bearhunter [10]3 years ago
7 0

Answer:

The correct answers are letters "B" and "C": The supply curve for DVD players will shift to the right; There will be an increase in the quantity supplied of DVD players.

Explanation:

According to the supply law,<em> as the price of a good or service increases its quantity supplied will increase -shift in the supply curve to the right.</em> A decrease in the price of a good or service represents a decrease in the quantity supplied -shift in the supply curve to the left. The relationship between price and quantity supplied is directly proportional.

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Why does Jeremy earn more money than Rose?
Step2247 [10]

Answer: Jeremy completed his engineering degree.

Explanation:

Since Jeremy has a college degree in engineering he makes more money than Rose who dropped out of college. College graduates are in higher demand to work the jobs that pay more than smaller companies. If Rose had of completed her college degree she could of found a job that uses her education and made more money.

Since Jeremy has a specific degree the company hired him based on his knowledge of the subject. He will be paid higher and most likely have better benefits than someone in an entry level position.

6 0
3 years ago
Lewelling Company issued 101,000 shares of its $1 par common stock to the Michael Morgan law firm as compensation for 4,100 hour
GenaCL600 [577]

Answer:

Paid in capital excess of par is $$309,000

Explanation:

<u>Journal Entries</u>

Debt: Legal services (4,100 hours × $100 per hour)  = $410,000

Credit: Common stock (101,000 shares × $1 par)  = $101,000

Credit: Paid-in capital - excess of par (Remainder)  = $309,000

To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)

In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.

Paid in capital excess of par is $$309,000

3 0
3 years ago
Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that manage
vitfil [10]

Answer:

The person is

Explanation:

3 0
3 years ago
A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. the management decides to evaluate t
nikklg [1K]
The probability that the dealer will be fined is 0.0948
To find p(a <= Z <= b) = F(b) - F(a)
P(X < 20) = (20 - 30.5)/3.4489
= -10.5/3.4489 
= -3.0444
= P(Z < -3.0444) from standard normal table
= 0.00117
P(X < 26) = (26 - 30.5)/3.4489
= -4.5/3.4489 = -1.3048
= P(Z < -1.3048) From standard normal table
= 0.09599
P(20 < x < 26) = 0.09599 - 0.00117 = 0.0948

The answer in this question is 0.0948
7 0
4 years ago
Suppose the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound. What takes place
Elenna [48]

If the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.

The current price of $3 per pound is lesser that the equilibrium price of  $6 per pound which means that their is shortage.

The shortage indicate that their is increase in demand in the market because the quantity demanded is higher than the quantity supplied.

Therefore the rise in price of goods and services will lead to decrease in the quantity demanded of such goods or product.

Inconclusion what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.

Learn more here:<em>brainly.com/question/2005267</em>

4 0
3 years ago
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