Answer:
decrease; increase
Explanation:
Because of the invention of the new technology which is the invention of the cotton gin, the production of the cotton boomed. This also means that the production of the cotton rise which as a result, would make the supplies higher and due to higher supplies, there would be reduction in the price of the cotton. Since, mentioned all factors remain constant which means demand remain constant, so
The equilibrium price of the cotton would be expected to decrease and the equilibrium quantity of cotton would be expected to increase.
An increase in real GDP and a rise in price levels.
GDP:
- A thorough evaluation of American economic activity. The value of the finished goods and services produced in the US is measured by the GDP (without double counting the intermediate goods and services used up to produce them).
- Gross domestic product, also known as GDP, is one of the most popular. It is frequently quoted in reports by governments, central banks, and the business community as well as in newspapers, on television news, and in publications. It is now frequently used as a benchmark for measuring the strength of both national and global economies.
- Most economists, governments, and companies prefer to see a continually increasing GDP since it typically indicates more consumer spending, job growth, tax revenue, and wage increases for workers. GDP declines indicate a contracting economy, which is bad news for both businesses and employees.
Learn more about GDP here brainly.com/question/1383956
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Answer:
the net cost = 11,466
Explanation:
To following journal entry is done to record the purchase, credit terms 2/10, n/30:
Dr Merchandise inventory 11,700
Cr Accounts payable 11,700
If the company pays within the discount period (10 days):
Dr Accounts payable 11,700
Cr Cash 11,466
Cr Purchase discounts 234
net cost of goods = $11,700 x 98% = $11,466
I think A. Because I think it is very important to meet new people and getting to know them.
