Answer: Please refer to Explanation
Explanation:
The Grapefruit market will experience an acute shortage of grapefruits because the bad freeze destroyed most of the crop that was going to be supplied.
This shortage in supply will force the price up and therefore lead to a drop in Demand as a lot of people will decide that they can't spend the new amount.
This scenario would lead to an increase in the Equilibrium price because the supply curve will be forced to the left and the new intersect with the Supply curve will be higher. The Equilibrium Quantity will also reduce because of the shortage that is being experienced as a result of a large portion of the grapefruits being destroyed.
In the graph I attached, S2 refers to the supply curve AFTER the bad freezes. Notice how the price went up to P2 and the Quantity dropped to Q2.
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Answer:
True
Explanation:
A more precise way to describe the situation is that Joe's pizza parlor is a monopolistic competition. But that definition considers that all 'food' items have some degree of close substitute relation.
But yes, if you consider this two conditions:
- a broad definition of monopoly
- other restaurants are not considered close substitutes for the food sold at the pizza parlor
Then yes, Joe has monopoly
Answer: (C) An interim report
Explanation:
An interim report is one of the type of report system in an organization that helps in collecting the various types of financial based data by properly analyzing on the basis of the performance.
The main objective of the interim report is to give timely update with the proper entity of the performance in an organization. In this report, the company statement include all the financial based information which contains the whole year report of the company.
According to the given question, Sonia is the manager of a advertising agency and she has prepared an interim report by proper analyzing the work quality and some recommendations for the project.
Therefore, Option (C) is correct answer.
Discount rate = 27%
Rate before discount = $125 per night
Rate after discount = 125-27%of 125
= 125-33.75 = $91.25
Total nights = 8
Total amount to be paid = 91.25*8 = $730 (answer)
