Answer:
We have to select the supply curve graph that correctly depicts the situation.
I have provided the graphs in the attachment below.
The correct answer is the graph C
Explanation:
When factors other than price increase the supply of a good, the supply curve shifts to the left. Mechanical refrigeration is an advance in technology that increases the amount of dairy products that producers can supply at any given price, therefore, the supply curve shifts to the right.
Demand stays the same, and benefits from lower prices (and from smaller fluctuations in price).
Answer:
The correct answer is B
Explanation:
Calculation of AGI for 2019 -
Salary Income $70,000
Interest income on Xerox bonds $2,000
Inheritance from uncle $ 40,000
Deduction : Capital Loss ($2500)
Contribution to traditional IRA ($5500)
Inheritance from uncle ($40,000)
Total = $64,000
Answer:
B. Cash Flow problem
Explanation:
Cash flow problem occurs in a business when the business struggles to pay back debts. It happens when a business cannot longer cover its debt payments and operational expenses. It is very common in new and growing business, because during growth period in a business, expenses are larger than receivables.
Janis in this case is facing cash flow problems as she is not getting enough clients and receivables to pay back the expenses her equipment is bringing in. The major solution to cash flow problem for short term/temporary issues is Financing.
Answer:
The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.
Explanation:
In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.
The answer is B.
A chart is not the same as a Venn Diagram.
