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3 years ago

7

A decrease in demand with supply remaining constant will yield a(n decrease in equilibrium price and a(n ____________ in equilib

rium quantity

1 answer:

Anika [276]3 years ago

5 0

The answer to this is it would yield A decrease.

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If the market for sport utility vehicles has excess supply, then one can say that: A. supply is greater than demand. B. quantity

AURORKA [14]

Answer:

D. quantity supplied is greater than quantity demanded.

Explanation:

Since in the question it is mentioned that the market for sport utility vehicles has excess supply which determines that the supplies is more than the quantity which results that the quantity supplies is more than the quantity demanded as due to the excess supply

Hence, D option is correct and other options are wrong

3 0

3 years ago

"It is legal to write a check when your account does not have funds to cover it."A. TrueB. False

Vitek1552 [10]

The answer you are looking for is false

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3 years ago

The following information was taken from the 2011 income statement of Ultimate Sales: Pretax income, $12,000; Total operating ex

Hitman42 [59]

Answer:

Ending inventory = 14,000

Explanation:

First, we must clear the COSG from the Pretax Income calculation:

Pretax income = Sales revenue - COSG - Total operating expenses

COSG = Sales revenue - Total operating expenses - Pretax income

COSG = 120,000 - 21,000 - 12000

COSG = 87,000

With this data we can clear the ending inventory of the COSG formula:

COSG = Beginning inventory + Purchases - Ending inventory

Ending inventory = Beginning inventory + Purchases - COSG

Ending inventory = 11,000 + 90,000 - 87,000

Ending inventory = 14,000

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3 years ago

The Federal Open Market Committee promotes price stability and economic growth through

damaskus [11]

Federal Open Market Committee holds regularly scheduled meeting per year. Meeting's agenda includes reviews economic and financial conditions. They also determines stance of monetary policy and assesses the risk to its long run goal of price stability and sustainable economic growth.

4 0

3 years ago

Read 2 more answers

Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are equally priced in

Ugo [173]

Answer: Explanation:

The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal to the price ratio, Pp/PA

where ,

P p is the price of a peach and

PA is the price of an avocado.

In Georgia, avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy positive amounts of both goods), the marginal rates of substitution will not be the same for consumers in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.

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3 years ago