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STALIN [3.7K]
4 years ago
6

How would an increase in demand affect the equilibrium price in a​ market? A. The equilibrium price decreases. B. The equilibriu

m price increases. C. The equilibrium price would remain the same. D. More information is needed. It may​ increase, decrease, or remain the same.
Business
1 answer:
fomenos4 years ago
7 0

Answer:

B) The equilibrium price increases.

Explanation:

According to the law of demand, if the quantity demanded of a good or service increases, the equilibrium price will also increase. Since more people are wiling to purchase a good or service and the quantity supplied remains the same, the price of that good will increase because a shortage will be generated.

On the other hand, if the quantity demanded of a good or service decreases, the equilibrium price will decrease.

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3 years ago
You have collected data on the number of U.S. households actively using online banking and/or online bill payment from 1995 to 2
MAXImum [283]

Answer:

D

Explanation:

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6 0
4 years ago
When monopolistically competitive firms advertise, in the long run they will still earn zero economic profit. they can earn posi
Daniel [21]

Answer:

When monopolistically competitive firms advertise, in the long run they will still earn zero economic profit.

Explanation:

Monopolistic competition happens when many producers sell products that are differentiated from one another and hence are not perfect substitutes

Based on this, the demand curve of a firm in a monopolistic competitive market will shift so that it is tangent to the firm's average total cost curve and this will make it impossible for the firm to make economic profit. The best that can be expected is to be able to break even

This means in the long run, a monopolistically competitive firm will make zero economic profit.  

A good example is Hotel which can only raise its prices without losing all of its customers based on brand loyalty and distinct quality differentiation.  

8 0
4 years ago
Read 2 more answers
All of the cells in the body need oxygen. Hemoglobin molecules in red blood cells transport oxygen through the bloodstream. Oxyg
OleMash [197]

Answer:

D. the high partial pressure of oxygen in the lungs

Explanation:

  • As the cells of the human body are made of the Hemoglobin molecules that transport this red blood to the bloodstreams.
  • Due to the presence of the dissolved oxygen concentration in the body that these molecules in the lungs are unloaded and then merges with the tissues.
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4 years ago
Assuming the same percentage is used in each case, which of the following is higher
Gala2k [10]
Well, you don't have exact information for me to solve it.
4 0
4 years ago
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