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yarga [219]
3 years ago
9

If an industry is in long-run competitive equilibrium and experiences a decrease in demand, then as a result the equilibrium pri

ce will __________, which will cause the representative firm's __________ curve to shift downward and some firms will __________ the industry.
Business
1 answer:
ale4655 [162]3 years ago
7 0

Answer:

Price will fall , demand curve shift downward , some firms exit

Explanation:

This is a case of perfectly competitive firms - who have same products, same prices, no supernormal profits or abnormal losses.

From a long run equilibrium of normal profits, if there is decrease in industry demand : The firms' identical demand would also decrease, downward sloping demand curve would shift leftwards / downwards. Decreased demand would reduce the over all price in the industry. So, firms will start incurring losses. Hence, many firms will exit the industry. Firms exit would decrease market supply.

Decreased supply would increase market price. Profit would increase at higher price & short run loss (due to demand decrease) would disappear, industry would resume again long run normal profit equilibrium.

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What is chemical fertilizer? explain with example​
goldenfox [79]

Answer: chemical fertiliser refers to any number of synthetic compound substances created specifically to increase crop yield.

Some examples of chemical fertilisers are ammonium sulphate, ammonium phosphate, ammonium nitrate, urea, ammonium chloride.

7 0
3 years ago
Read 2 more answers
This type of networking includes developing coalitions within the organization. These relationships should be developed upwards
Mashcka [7]

Answer: Professional networking

Explanation:

 The professional networking is one of the type of networking that focus on accessing the data or information on the international level and it also maintain the relationship of the trust in an organization.

It basically include the development of effective coalitions in an organization and structure the professional goals for developing the professional network.

Therefore, Professional networking is the correct answer.

4 0
3 years ago
In Ireland, a pint of beer costs 2.2 Irish pounds. In Australia, a point of beer costs 4 Australian dollars. If the nominal exch
AnnZ [28]

Answer:

.91 pints of irish beer per pint of Australian beer

Explanation:

As we know that

The exchange rate of

1 AUD = 0.5 pound

Now

In Ireland, 1 beer cost = 2.2 pound

And, in Australia, 1 beer cost = 4 AUD

As 1 AUD = 0.5 pound

so 4 AUD is

= 0.5 × 4

= 2

Now the exchange rate is

= 4 AUD beer cost ÷ 1 beer cost in Ireland

= 2 ÷ 2.2

= 0.91

hence, the real exchange rate is 0.91

7 0
3 years ago
Use for business communications only and the disallowing of the transmission of confidential business information are recommende
kirill [66]

Answer:

B

Explanation:

Use for business communications only and the disallowing of the transmission of confidential business information are recommended guidelines for Instant messaging

6 0
3 years ago
Find the present value pv of the given investment. an investment earns 2% per year and is worth $40,000 after 8 years.
LuckyWell [14K]
First use the formula of the future value of an annuity ordinary to find the yearly payments
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value 40000
PMT yearly payment?
R interest rate 0.02
N time 8 years
Solve the formula for PMT
PMT=Fv÷[(1+r)^(n)-1)÷r]
PMT=40,000÷(((1+0.02)^(8)−1)
÷(0.02))
=4,660.39

Now use the formula of the present value of an annuity ordinary to find the present value
Pv=pmt [(1-(1+r)^(-n))÷r]
PV present value?
PMT yearly payments 4660.39
R interest rate 0.02
N time 8 years
Pv=4,660.39×((1−(1+0.02)^(−8))÷(0.02))
pv=34,139.60. ....answer
5 0
3 years ago
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