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dmitriy555 [2]
3 years ago
11

Assume the auto market is initially in equilibrium with imports from Japan taking up a significant share of the market. Now assu

me a quota on imports of Japanese cars is established. What will occur at the initial equilibrium price to signal market participants regarding the change that has taken place?
Business
1 answer:
Zanzabum3 years ago
7 0

Answer:

It depends

Explanation: If the quota is a lower value than the current level of japan sales, the equilibrium price will go up, because the supply will be lower than the demand pushing the price to rise and incentivizing other car suppliers to increase the offer. If the quota is higher than the current sales of Japanese cars, and if the demand keeps pushing the supply to go up, the market share of Japanese car will grow until meeting the quota. The price will go up until achieve equilibrium again. After that point, the market supply will be based on changes in the market no related to Japanese imports.

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Food Security

What is meant by food security ?

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International Foods Corporation insures its real estate, personal belongings, and the lives of its key personnel in order to safeguard its financial interests in the event that something were to compromise its security. Food security is this.

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3 0
2 years ago
Accountants include ________ costs as part of a firm's costs, while economists include ________ costs. Group of answer choices i
Goshia [24]

Answer:

Explicit, explicit and implicit

Explanation:

The accounting cost is the cost that generally includes the payment related to the wages, rent, price of the products etc

While on the other hand, the economic cost is the cost that involves both type of cost i.e. explicit and implicit. The implicit cost is generally the opportunity cost

This is the answer but the same is not provided in the given options

8 0
2 years ago
While noreen was driving down the highway, she saw two cars on the side of the road. she noticed that no one was hurt and that n
AfilCa [17]
Based on the information that has been given above, it is likely that the information has been stored on Noreen's short term memory. The short term memory is where memories could be stored in a short period of time, it could be determined or seen above as Noreen had saw the cars on the road but could no longer remember their colors as it was stored on her short term memory.
5 0
3 years ago
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nasty-shy [4]

Explanation:

Company strategies evolve because

of the ongoing need to respond to changing market conditions, the fresh moves of competitors, shifting buyer needs and preferences, emerging market opportunities, new ideas for improving the strategy, and any evidence that indicates the strategy is not working well.

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3 years ago
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suter [353]

Answer:

Ethics

Explanation:

Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.

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