1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zaharov [31]
3 years ago
6

Suppose there exists a market for coffee that is in equilibrium at 500 cups brewed per week for $3/cup. Now suppose the demand f

or coffee shifts outward (to the right). What are some reasons this shift might have occurred?
Business
1 answer:
Anton [14]3 years ago
7 0

Answer:

Increase in Substitute good price , Decrease in Complementary Good price, Fall in Income , Taste & preferences change in favour of good.

Explanation:

Demand is the ability & willingness of consumer to buy a product at a price , period of time.

There are four factors affecting Demand with following relationships with it : Price of Good (inversely related) , Price of related goods (substitutes-directly related) & (complements-inversely related), Income (directly related) , Taste & preferences (depends).

Any Change in 'Quantity Demanded' due to change in good's own price leads to movement on the demand curve (contraction or expansion). Any 'Change in Demand' due to factors other than price shifts the demand curve (rightwards or leftwards).

So : Increase in substitute good's price (eg- tea) price makes coffee relatively cheaper, Decrease in complementary good's price (eg - sugar/milk) makes coffee altogether cheaper, taste & preference change in favour of coffee consumption (eg- people learning advantages of caffaine consumption). All these mentioned Increase the Demand for coffee & shifts its curve rightwards.

You might be interested in
  Kameela says that a good choice of wine to pair with cheese is a Zinfandel. Annette says that a better choice to pair with che
Allisa [31]
B both women are correct 
6 0
3 years ago
Read 2 more answers
"You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 6 percent, –13 percent, 24 per
Vanyuwa [196]

Answer:

6.80%

Explanation:

The average nominal returns is the sum of the returns for 5 years divided by the number of returns considered( i.e 5, 5 returns for 5 years)

average nominal returns=(6%-13%+24%+18%+15%)/5

average nominal returns=10.00%

The Fisher's equation is shown thus:

(1 + i)  = (1 + r) (1 + π)

i=nominal return=10.00%

r=average real return=the unknown

π=inflation rate=3%

(1+10.00%)=(1+r)*(1+3%)

1.10=(1+r)*1.03

1+1=1.10/1.03

r=(1.10/1.03)-1

r=6.80%

7 0
2 years ago
What is a short term benefit for a company to regulary keeping wages low
Tcecarenko [31]
The answer would be that the company can keep costs too a minimum.  
3 0
3 years ago
Read 2 more answers
In 2003, the fraudulent accounting practices at ____________, a Houston-based energy company, was the largest of several busines
oksano4ka [1.4K]

Answer: Enron

Explanation:

Enron scandal was an accounting scandal that involved Enron Corporation, which was an American energy company that was based in Houston, Texas.

Enron hid huge amount of trading losses, which led to its bankruptcy. The company used fraudulent accounting practices in order to inflate the revenue of the company and.hid the debt that the company incurred.

4 0
2 years ago
In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult non-institutionalized po
11Alexandr11 [23.1K]

Answer:

a. 64.6% and 8.2%

Explanation:

The computation is shown below:

For labor force participation rate

= Labor force ÷ Total population × 100

= 4.888 million ÷ 7.568 million

= 64.60%

And, the unemployment rate is

But before that the employment rate is

= Labor employed ÷ labor force × 100

= 4.486 million ÷ 4.888 million

= 91.77%

Now the  unemployment rate is

= 100% - employment rate

= 100% - 91.77%

= 8.2%

5 0
3 years ago
Other questions:
  • Palmer Music manufactures and sells MP3 players and sound systems that include a 180-day warranty on product defects. The compan
    7·2 answers
  • Sanchez Company's output for the current period was assigned a $419,000 standard direct labor cost. The direct labor variances i
    15·1 answer
  • A seller listed her residence with a broker. the broker brought an offer at full price and terms of the listing from buyers who
    14·1 answer
  • On January 1, 2017, Garzon purchased 6% bonds issued by PBS Utilities at a cost of $40,000, which is their par value. The bonds
    9·1 answer
  • Maria, who works in the design department, wants her online presence to signal that she is a business professional. Which profil
    12·1 answer
  • A house is constructed in a neighborhood that is substantially larger than the existing houses. Based on the value principle of
    11·1 answer
  • is the person responsible for the business value of the project and for deciding what work to do and in what order when using a
    9·1 answer
  • Typically banks rely on other banks to lend reserves to one another. Which interest rate do they charge for these loans
    14·1 answer
  • Pls help me and thanks
    7·2 answers
  • in 2022, a taxpayer (with $26,500 of employee compensation) was allocated $176,000 of self-employment income. calculate the amou
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!