Answer:
Decrease in equilibrium quantity
Increase in equilibrium price.
Explanation:
Because the demand is downward sloping, an increase in price will lead to decrease in quantity demanded and vice-versa.
Here, there is a decrease in supply with no change to demand, this will lead to scarcity of the product and very soon scarcity will drive the price of the product high and because the demand is downward sloping, quantity demanded will drop
So the situation in the question above will lead to a decrease in equilibrium quantity and an increase in equilibrium price.
The leader answers all questions
Answer:
correct option is C. 7.00
Explanation:
given data
sales = 1600 units
cost = $50
Variable expenses = 30%
total fixed expenses = $48,000
solution
we get here Degree of operating leverage that is express as
Degree of operating leverage = Sales - variable cost ÷ (sales - variable cost - fixed cost) ......................1
here Sales is = 1600 × 50 = 80000
and
Variable cost = 80000 × 30% = 24000
put here value in equation 1 we get
Degree of operating leverage =
Degree of operating leverage = 7
so correct option is C. 7.00
90000$:100%=x$:80%, x*100=90000*80, x=72000$
The Martin family spends 80% of annual income which is 72000$ and their autonomous consumption spending is 10000$.
So Martin's family annual consumer spending is 72000$+10000$=82000$.