The four basic laws of supply and demand are: If demand increases and supply remains unchanged, then it leads to higher equilibrium price and higher quantity. If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity
Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low price at a<u> high level of output.</u>
<h3>What is demand curve?</h3>
Demand curve can be defined as a curve that help to show the relationship between the quantity of a product that is demanded and the price of the product at a specific period of time.
Hence, , the monopolist will charge a relatively low price at a high level of output based on the fact that in a situation where monopolist increases its output, he will tend to get a price.
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Answer:
0987654 im
Explanation:
just doing this for points
<u>Solution and Explanation:</u>
Answer 1 The Net present value = the Present value of all the cash inflows minus the present value of all the cash outflows
= $171428.57
Answer a-2) yes, definitely the business should be started as the net present value is positive.
Answer b) Break even growth rate = the required rate – Cash flows / investment
= 3.37 percent.
Explanation:
If a good is normal, then a decrease in price will cause a substitution effect that is The correct answer was: a. positive and an income effect that is positive.
