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notsponge [240]
3 years ago
14

Are the following movements or shifts along/of the demand curve:

Business
1 answer:
azamat3 years ago
6 0

Answer:

Any movement which is caused by price will be along the demand curve and any other movement caused by non price factors will shift the demand curve.

1) A decrease in the number of consumers is a non price movement so the demand curve will shift leftwards because of it.

2) A change in taste of consumers making them desire more hot dogs is a non price movement and it will shift the demand curve to the right.

3) An increase in the price of hot dogs is a price movement and this will cause movement along the demand curve.

Explanation:

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He should price them by taking 90 percent and dividing by .32
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Lem Co., which accounts for treasury stock under the par value method, acquired 100 shares of its $6 par value common stock for
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Additional paid in capital decrease by 100 as a result of the acquisition

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7 0
3 years ago
"After a severe hurricane in South Carolina, the price of electric generators quadrupled. People living outside of South Carolin
Alona [7]

Answer:

Arbitrage

Explanation:

Arbitrage occurs when the same good sells for different prices at different market. This price difference allows market participants to earn riskless profit .

In this case, the generator is more expensive in South Carolina when compared with other places. Thus, in order to earn riskless profit, people would buy where it is cheaper and sell at South Carolina where it is more expensive.

Economic theory suggest that if this kind of buying continues, soon the prices would be the same in both markets .

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3. They agree to split the lunch bill evenly. Mason choo
Rainbow [258]

Answer:

$1

Explanation:

The marginal cost refers to the cost of producing one additional unit or serving one more customer.

In this case, we have to determine the additional cost of Jacob ordering a burrito instead of a taco. As Mason chose the tacos and they agreed to split the lunch bill evenly, if Jacob decides to eat the tacos, the cost for each of them is:

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So, the marginal cost to Jacob ordering a burrito is:

$4-$3= $1

7 0
3 years ago
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