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VashaNatasha [74]
3 years ago
15

If the demand for a good rises by more than the supply of the good falls, then the good’s equilibrium price will __________ and

its equilibrium quantity will __________

Business
1 answer:
mina [271]3 years ago
3 0

Answer:

Rises

Rises

Explanation:

If the demand for a good rises more than the fall in supply, both equilibrium price and quantity would increase.

Refer to the attached image for a graphical explanation.

I hope my answer helps you

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Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.
Law Incorporation [45]

This question is incomplete! here is the complete question with answer!

Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.

Quantity A : Number of different combinations possible

Quantity B : 25

A The quantity in Column A is greater

B The quantity in Column B is greater

C The two quantities are equal.

D The relationship cannot be determined from the information given.

Answer:

A The quantity in Column A is greater

Explanation:

Lets first analyze the number of different combinations possible!

To find out the combinations we use the following formula:

The number of ways to choose a sample of r elements from a set of n distinct objects where order does not matter.

nCr=\frac{n!}{r!(n-r)!}

Car X can have these 5  features: sunroof, stereo, tinted windows, leather seats and cruise control.

Car X has 2 options for each feature: Included or Not included

If car X has no feature at all then:

5C0=\frac{5!}{0!(5-0)!}=\frac{5!}{0!*5!}=1

If car X has 1 feature included then:

5C1=\frac{5!}{1!(5-1)!}=\frac{5!}{1!*4!}=5

If car X has 2 features included then:

5C2=\frac{5!}{2!(5-2)!}=\frac{5!}{2!*3!}=10

If car X has 3 features included then:

5C3=\frac{5!}{3!(5-3)!}=\frac{5!}{3!*2!}=10

If car X has 4 features included then:

5C4=\frac{5!}{4!(5-4)!}=\frac{5!}{4!*1!}=5

If car X has all of the 5 features included then:

5C5=\frac{5!}{5!(5-5)!}=\frac{5!}{5!*0!}=1

Now sum all the possible combinations: 1+5+10+10+5+1=32

So, quantity A is 32 and quantity B is 25

Therefore, we can conclude that the quantity in column A is greater

8 0
3 years ago
What is approximate debt of the United States right now
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Answer:

$27 trillion.

Explanation:

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The operations vice president is adjusting the production quantities for the upcoming month of March for the coal company. Last
12345 [234]

Answer:

The correct answer is letter "B": Increase output and hire more workers.

Explanation:

According to the supply law, if the price increases so will the quantity supplied and if the price decreases the same will happen with the quantity supplied. We could say that the relationship between price and quantity supplied is directly proportional.

In the example, <em>as the price of coal increased so will the quantity supplied</em>. <em>If there is to be more supply the output should be higher which is likely to be interpreted in a need for more employees</em>.

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Discuss the unique marketing characteristics a product or service required based on the specific phase of the product life cycle
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Answer: The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Explanation:

The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Introduction; This is viewed as an entry level into the market. Where the goods begin to gain a little recognition

Growth; this is described as a movement from introduction to a fast or slow consistent rapid growth of the product in the market.

Maturity; is described as the growth from the growth category, where the product gain some market stability and is now known by the public.

Decline; is the stage of slow and loss of recognition in the market space which could be caused by lack of creativity or consistency drop

While some products may stay in a prolonged maturity state, all products eventually phase out of the market due to several factors including saturation, increased competition, decreased demand and dropping sales

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Do you already demonstrate some ways of being financially responsible? In the text box below, write a brief statement about the
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Financial responsibility can be shopping or buying stuff from stores.
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3 years ago
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