Answer:
Equilibrium price = Decreases
Equilibrium quantity = Indeterminate
Explanation:
Here, we suppose that tea and coffee are substitute goods and we know that substitute goods have a positive cross price elasticity of demand.
So, if there is a fall in the price of tea then as a result the demand for coffee decreases which shifts the demand curve of coffee leftwards.
And, there is a fall in the price of coffee beans due to the better weather condition and coffee beans are used as an ingredient for producing coffee.
Hence, there is a fall in the cost of production of coffee which increases the supply of coffee and shifts the supply curve of coffee rightwards.
Therefore, there is a fall in the equilibrium price level of coffee and the effect of these shifts on the equilibrium quantity is indeterminate because that will be dependent upon the magnitude of the shifts of both the curves.
Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.
As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.
This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).
Hope this helps!<span />
Behavioral targeting techniques increase the effectiveness of banners, rich media, and video ads.
Advertising (ads) is marketing communication that uses overtly sponsored, impersonal messages to promote or sell products, services, or ideas. Advertising sponsors are typically companies that want to promote their products and services.
These types of ads are: Print Ads: Advertisements in newspapers, magazines, brochures, etc. Broadcast Advertising: Television and radio advertisements. Outdoor advertising materials: boards, banners, flags, foils, etc. Digital Ads: Ads that appear across the internet and digital devices.
Advertising is defined as any communication vehicle used to promote a product, brand, or service to an audience in order to generate interest, engagement, or sales.
Learn more about ads here:brainly.com/question/1658517
#SPJ4
Answer: aesthetic appeal
Explanation:
Aesthetic appeal is a principle of style or taste that is adopted by a particular group, person, or culture. Something that is considered to have an aesthetical appeal means that the particular thing is beautiful, and pleasing to the senses, especially the senses of hearing and sight.
Aesthetic appeal is used by several companies and brands as a way to make their products look nice and beautiful to their customers or prospective customers. This is used by Nike who uses several model to advertise its products.
Answer:
Jim could file as a head of household and qualify for higher deductions and earned income credit for one child.
Sally should file her taxes as a single filer since she has very low income so she falls under the first tax bracket, she can also file for earned income credit for one child.
