Answer:
The correct answer is:
Equilibrium price will decrease; the effect on quantity is ambiguous. (D)
Explanation:
First, note that if the price of coffee beans, used in the manufacture of coffee decreases, the price of coffee sold to consumers will decrease, because it takes a lesser amount in manufacturing than it used to, therefore this reduction in manufacturing costs is reflected in the selling price.
Next, it is hard to tell whether this reduction in equilibrium price will affect quantity demanded, because, at the same time, the price of cream ( a complementary good) increases, and since both goods are complementary, they are bought together, and the effect of the reduction in the price of coffee might not necessarily caused an increase in the quantity demanded because this effect is cancelled out by the increase in the price of cream, hence the effect on quantity is ambiguous.
Answer:
Option A. Liable, because notice to Emmett is notice to Fridley.
Explanation:
The reason is that the principle is liable for the outcome of the Emmett actions in the principle's behalf. So it is clear that Fridley is liable. The agent have to work in the best interest of its principal which means that the failure to notify the additional tax liability to Fridley was part of agent's fiduciary duty. This means that the principle can sue its agent for the consequences of not placing the sufficient care to its principle.
The Fridley is also responsible because Emmett is acting as Fridley which means the notice to Emmett is actually notice to Fridley.
Answer:
Buyers will bear most of the burden of the tax
Explanation:
Hope it helps
Middle Managers are responsible for the creation of tactical
plans. Middle managers are those people who are in the senior management
position. Main roles of middle managers is to make a strategy for the company
making sure that the company focus on their goals and targets. The middle
managers should also provide quick results is solving the company’s problems.
