Answer: (a) Fall
(b) Increase
(c) Increase
(d) Unchanged
Explanation:
Suppose there is a competitive market with a downward sloping demand curve and horizontal supply curve. In a competitive market there are large number of buyers and sellers. So, if there is a downward shift in the supply curve, as a result equilibrium price will fall, equilibrium quantity will increase, consumer surplus now become larger and producer surplus remains the same because of the horizontal supply curve.
Answer: $450
Explanation:
Total tickets purchased = 2
The cost of one ticket three months ago = $100
Current price of one ticket = $225
Total cost of two tickets = $225 × 2
= $450
The opportunity cost is the benefit that is foregone by selecting some other alternative. So, here two options are available that either attend the concert or resell the ticket at $450. Therefore, the opportunity cost of attending the concert is $450.
Answer:
because they are able to create it at a lower price
Explanation:
Answer:
Neighbourhood Bar & Resto
Explanation:
What a great experience! Sulit ang money especially for the platters that they offer, we enjoyed the James platter because of the nachos. Like the kropek too. Love the cold beer because of the unlimited ice and panalo din yung colored pink na cocktail drink. Nice choice of songs for the acoustic band then plus na lang yung area when you can play! Then clap clap for the alertness of staff... Pop na pop!!!! Ahahaha...Excellent evening out with a vibrant crowd. Not artificial but with quality. Good food. Affordable drinks and foods.
D.) Oil and natural gas are the two major energy sources obtained from the ocean floor.
Drilling on the ocean floor has already been done and the most abundant oil and natural gas producers are North Sea, Gulf of Mexico, Atlantic Ocean (near Brazil and West Africa), Arabian Gulf, and South East Asian Seas.