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Pie
3 years ago
14

When the supply of a product increases but the demand for the product remains unchanged, the equilibrium price of the product wi

ll __________.
Business
2 answers:
Aliun [14]3 years ago
6 0

Answer:

The equilibrium price is expected to decrease

Explanation:

Here, we want to state what will happen to the equilibrium price when the supply go a product increases but the demand stays the same

What will happen is that the equilibrium price is expected to fall since in this particular case the supply of the product will actually exceed the demand for it

So all things being equal, the demand for the product at increased supply will drive a decrease in equilibrium price

Natalka [10]3 years ago
4 0

Answer:

Fall to a lower price and equilibrium quantity will increase

Explanation:

The principle of demand and supply shows the relationship between the quantity of goods consumers are willing to buy and the quantity suppliers are willing to sell.

When supply is higher than demand prices tend to fall. This is because there is now a surplus of goods for the consumer to buy. They will have the choice of buying at lower prices from suppliers willing to let go of the excess goods.

On the other hand when supply is less than demand prices will rise. This is because goods will be scarce and consumers are willing to pay higher for the scarce goods

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John, a mid-level manager, notices that all his subordinates are filling out their monthly reports incorrectly. He concludes tha
viva [34]

Answer:

high-consensus

Explanation:

Based on the information provided within the question it can be said that in this scenario John seems to be basing his decision on high-consensus. This term refers to when a large majority of the population agree or feel the same way about something or when most behave the same. Which in this scenario since most are filling out the reports incorrectly it is mostly because a large portion does not understand the form meaning that there is a high-consensus that the form is complicated.

5 0
3 years ago
Under the Contract To Buy & Sell Real Estate, if Buyer fails to notify Seller by the New Loan Termination Deadline that Buye
ELEN [110]

Answer:

Buyer's earnest money becomes nonrefundable

Explanation:

If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is conditional upon Buyer determining, in Buyer’s sole subjective discretion, whether the New Loan is satisfactory to Buyer, including its availability, payments, interest rate, terms, conditions, and cost of such New Loan. This condition is for the benefit of Buyer. Buyer shall have the Right to Terminate under section 25.1, on or before Loan Conditions Deadline (section 3), if the New Loan is not satisfactory to Buyer, in Buyer’s sole subjective discretion. If seller does not timely receive written notice to terminate, buyers earnest money becomes nonrefundable.

3 0
3 years ago
Coates Inc. experienced the following events in 2014, in its first year of operation: (1) Received $20,000 cash from the issue o
Nata [24]

Answer:

Explanation:

Please see attached file

7 0
3 years ago
The rental real estate exception favors: A. lower-income taxpayers (AGI less than $80,000). B. middle-income taxpayers (AGI grea
Andru [333]

Answer:

D) lower-income taxpayers and middle-income taxpayers.

Explanation:

The rental real estate exemption allows taxpayers who are not real estate professionals, to deduct up to $25,000 of real estate loss per year.

This exemption applies for taxpayers with an adjusted gross income of $150,000 or less. Only those that have an AGI of less than $100,000 are able to deduct the full $25,000 exemption, but as their AGI increase, the exemption starts to phase out.  

The two basic requirements for qualifying for this exemption is that the individual actively participates in the management of the real estate property that generated the loss and that they own at least a 10% interest in the property.

4 0
3 years ago
Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $38 per unit. The c
Marrrta [24]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total unitary variable cost:</u>

Direct materials= 10

Manufacturing overhead= 5

Direct labor= 2

Selling and administrative= 5

Total unitary variable cost= $22

<u>Now, the contribution margin income statement:</u>

Sales= 5,000*38= 190,000

Total variable cost= 22*5,000= (110,000)

Total contribution margin= 80,000

Fixed Manufacturing overhead= (35,000)

Fixed Selling and administrative= (15,000)

Net operating income= 30,000

7 0
3 years ago
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