With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required.
The equilibrium price will increase as the supply declines, while the quantity needed will go down. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change. Price decreases and quantity increases as supply grows. Price increases and quantity declines cause a drop in supply. The equilibrium price rises if the increase in supply exceeds the increase in demand. The equilibrium price falls if the increase in supply is greater than the rise in demand. Equilibrium quantity rises in both scenarios. The equilibrium price and quantity are impacted by upward movements in the supply and demand curves. The equilibrium price rises but the quantity decreases if the supply curve changes upward, indicating that supply declines but demand remains constant. For instance, pump prices are expected to increase if gasoline supply are reduced.
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Answer:
Explanation:
- Cycle time = Production time available / desired unit of output
= (6.5 hours X 60 minutes per hour) / 200 units of net per day
= 390 / 200 = 1.95 minutes per net
- Assembly-line efficiency = sum of the task times / (number of work stations X cycle time)
= 6.50 / (5 X 1.95) = 66.67%
- Total idle time = (number of work stations X cycle time) - sum of the task times
- = (5X1.95) - 6.50 = 9.75 - 6.50 = 3.25minutes
Group of answer choices.
A. German tourists traveling abroad.
B. American tourists traveling in France.
C. Canadian firms selling in Germany.
D. Canadian investors with money investments in Germany.
Answer:
B. American tourists traveling in France.
Explanation:
A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country.
For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.
In this context, a stronger euro is less favorable for American tourists traveling in France because the currency of the Americans, which is the U.S dollars would exchange at a far lesser rate to the euros.
However, a stronger euro would be more favorable for German tourists that are traveling abroad, Canadian firms that trade or sells its products in Germany, and Canadian investors who are having money investments in Germany.
Note: Euro is the official currency (legal tender or money) of Germany.
Answer:
the demand for blu ray will increase and the equilibrium price of blu-ray players would increase.
Explanation:
Complement goods are goods that are consumed together.
If the price of LCDs reduce, demand would increase. This is line with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If the demand for LCD increases, the demand for blu ray will increase. Increase in demand would lead to a rise in price.