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ipn [44]
4 years ago
6

5. What happens to price when a good becomes more scarce?

Business
2 answers:
Ghella [55]4 years ago
8 0

Answer:

C. Price increases.

Explanation:

Supply for the good decreases while demand remains constant, and people would have to compete with each other more to obtain the good

The seller would naturally sell the good to the highest bidder/buyer so as to maximise his profit, thus as a good becomes scarcer, its price increases

mart [117]4 years ago
5 0
Pretty sure it’s C. Price will increases
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In recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm m
Crank

Answer: True

Explanation:

The Four-Firm Concentration Ratio simply measures aggregate market share of the four biggest firms that are in a particular industry while the Eight-Firm Concentration Ratio measures that of the eight biggest firms.

It is true that in recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.

7 0
3 years ago
Tristan transfers property with a tax basis of $1,255 and a fair market value of $1,570 to a corporation in exchange for stock w
AlladinOne [14]

Answer: $1531

Explanation:

The corporation's tax basis in the property received in the exchange will be the addition of Tristan's Tax basis and the gain that's recognized on exchange by Tristan.

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= $315

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Therefore, lower of $315 or $276 is $276.

The corporation's tax basis in the property received will then be:

= $1255 + $276

= $1531

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3 years ago
Clinicians and researchers seek to more efficiently and rapidly complete the cycle of bench to bedside to bench. these efforts a
DerKrebs [107]
These efforts are termed TRANSLATIONAL PHARMACOLOGY.
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8 0
4 years ago
Tucker Corporation is planning to issue new 20-year bonds. The current plan is to make the bonds non-callable, but this may be c
yKpoI14uk [10]

Answer

d. The required rate of return would increase because the bond would then be more risky to a bondholder.

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7 0
3 years ago
A value-added tax is added only when the final product is sold to the consumer.
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