1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vekshin1
3 years ago
12

Consider the market for bagels, which is currently at equilibrium, and where Pbagel and Qbagel denote the price and quantity of

bagels in the market, respectively. If the change given in each problem is the only change that happened (all other things are held constant), what will be the effect on the equilibrium price and quantity of bagels? Please draw a graph to explain.
A) The price of cream cheese, complementary goods to bagels, increases.
B) The price of croissants, substitute goods to bagels, decrease
C) The economy experiences an overall decrease in income (Suppose that bagel is an inferior good).

Business
1 answer:
UNO [17]3 years ago
7 0

Answer:

please refer to attachment for more explanation

Explanation:

a. a. Since both goods are complementary goods an increase in the price of cream cheese would cause equilibrium price and quantity of bagel to decrease.

b. If the price of the substitute good croissant decreases then the demand for bagel will fall since croissant is obviously cheaper therefore demand curve will shift downward and price and quantity will fall.

c. Lower income of the consumer would make the demand for the inferior good bagel to rise. Demand curve will shift upwards and price and quantity will rise.

You might be interested in
Harper Company lends Hewell Company $13,200 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ
a_sh-v [17]

Answer:

Explanation:

The journal entry is shown below:

Interest receivable A/c Dr $66

            To Interest revenue A/c $66

(Being accrued interest is recorded)

The computation of accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $13,200 × 6% × (1 months ÷ 12 months)

= $66

The one month is calculated from March 1 to March 31

6 0
3 years ago
Population estimates show that by the year 2030, nearly 72 million of the population in the united states will come from which g
Kruka [31]

Population estimates show that by the year 2030, nearly 72 million of the population in the united states will come from old age group. We are now able to spend 20 to 25 percent of our lives in active retirement hanks to the enormous increases in both numbers and proportions, longer life expectancies, and active lifestyles.

According to the UN Population Division, by 2035, 1 in 5 persons will be 65 or older. Furthermore, the younger generations of today anticipate that the older population of the future will be better educated, healthier, culturally savvy, and, as people, more discerning consumers.

As their physical and sensory abilities start to deteriorate, they will demand—and respond to—goods and services that enable them to continue their active lifestyles and activities. Examples include flexible scheduling, ongoing education, travel, engaging experiences, and opportunities for companionship.

To learn more about population, click here

brainly.com/question/27991860

#SPJ4

5 0
2 years ago
Adkins Bakery uses the modified half-month convention to calculate depreciation expense in the year an asset is purchased or sol
Dmitry_Shevchenko [17]

Answer:

Depreciation expense= $36,875

Explanation:

Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.

<em>An equal amount is charged as annual depreciation over the life of the asset. The annual depreciation is calculated as follows:</em>

Annual depreciation:  

= (cost of assets - salvage value)/ Estimated useful life

Cost - 220,000

Residual value = 43,000

Estimated useful life = 4 years

Annual depreciation = (220,000- 43,000)/4 =44,250

Annual depreciation = 44,250.

<em>Under the half-month convention, a full month depreciation is charged where an asset is first put to at the middle month of the month. </em>

<em>Thus March 17, 2018 to December 2018 is taken to be 10 full months</em>

Depreciation expense = 44,250.× 10/12 = 36,875

Depreciation expense= $36,875

4 0
2 years ago
Assume that a parent company acquired 80% of the outstanding voting common stock of a subsidiary on January 1, 2012. On the acqu
AleksandrR [38]

Answer:

consolidation financial statements are for the parent and the subsidiary for the year =$ 1682,875

Explanation:

5 0
3 years ago
The stock of Big Joe's has a beta of 1.40 and an expected return of 12.10 percent. The risk-free rate of return is 4.6 percent.
leonid [27]

Answer:

5.403%

Explanation:

Calculation for the expected return on the market

Using this formula

Expected return =(Expected return-Risk-free rate of return)/Stock beta +Risk-free rate of return

Where,

Expected return=12.10%

Risk-free rate of return=4.6%

Stock beta =1.40%

Let plug in the formula

Expected return =(0.121-0.046)/0.014+0.046

Expected return =0.075/0.014+0.046

Expected return=5.357+0.046

Expected return =5.403%

Therefore the expected return on the market will be =5.403

7 0
3 years ago
Other questions:
  • a project that costs 25500 today will generate cash flows of 8800 per year for seven years. what is the project's payback
    13·1 answer
  • You are a manager of a soft drinks company that is planning to go head to head with Coca-Cola to increase market share. Your str
    10·1 answer
  • Which statement most accurately describes the FDIC's auditor independence requirements? a.FDIC independence requirements incorpo
    10·1 answer
  • Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is rea
    6·1 answer
  • You short-sell 200 shares of Rock Creek Fly Fishing Co. today at $50 per share. If you want to limit your loss to $2,500, $ Blan
    12·1 answer
  • I need money to buy something.
    6·1 answer
  • 3. How would you evaluate IMAX's international expansion to date?
    13·1 answer
  • The financial statements of an Enterprise fund are prepared using the :_______
    13·1 answer
  • Can somebody please answer my question! <br><br> https://brainly.com/question/25800995
    12·2 answers
  • Investment depends on the ______ interest rate, and money demand depends on the ______ interest rate. a. real; real b. nominal;
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!