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Delicious77 [7]
2 years ago
5

Because you understand the law of supply, you can deduce that the correct graphical representation of the supply for CDs must be

_______. Moreover, you know that at a price of $10 per CD, the quantity supplied_______ is five million CDs.

Business
1 answer:
Iteru [2.4K]2 years ago
5 0

Answer:

The answers are S1 where S1 is supply curve that has the potential to move to S2  and Quantity Supplied

Explanation:

Referring to the diagram below, an increase in supply occurs when the  supply curve shifts to the right as shown  in diagram below. The original demand and  supply curves equal D1 and S1,  respectively. Thus, the original  equilibrium equals E1, with a price and  quantity equal to P1 and Q1 respectively.  However, when the supply increases to  S2, the market moves to a new  equilibrium, E2, with equilibrium price  decreasing to P2 while equilibrium  quantity increases to Q2.

What is equilibrium: In economics as the may be, equilibrium is the circumstance in which market forces such as demand and supply are balanced. That is, there is an absence of external influences on the values of economic variables therefore making the process unchanged.

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A community organizer wants to convince state officials to create a universal preschool program so that all families with young
ch4aika [34]

Answer:

David Snow focused on this set of conguent interests on social movements issues strategies on his most important scholarly achievement which he called "framing perspective"

Explanation:

Snow´s "framing perspective" approach on large, informal groupings of individuals or organizations to negotiate on emergent meanings of social-movement issues, is psychological and centered in agencies services focused on specific action for change.

More than competing perspectives framing perspective is a diagnostic framing to identify the problem to assign of blame; prognostic framing to suggest solutions, strategies, and tactics to a problem and motivational framing to get rationale action to the types of social change, which could be alternative, redemptive, reformative and revolutionary according to David F. Aberle a cultural anthropologist.

8 0
3 years ago
Samantha wants to invest her funds and is seeking professional expertise for making investment choices for her. Which investment
lbvjy [14]

The answer is <u>"A. Mutual funds".</u>


A mutual fund is a professionally overseen investment support that pools cash from numerous speculators to buy securities. These speculators might be retail or institutional in nature.  

Mutual funds have points of interest and drawbacks contrasted with direct putting resources into individual securities. The essential favorable circumstances of mutual funds are that they give economies of scale, a larger amount of broadening, they give liquidity, and they are overseen by expert financial specialists. On the negative side, financial specialists in a mutual funds must pay different charges and costs.

8 0
3 years ago
To deal with a wartime economic crisis in 1779, Congress urged states to: a. seek loans from friendly European governments. b. a
qwelly [4]

Answer:

C. adopt measures to fix wages and prices.

Explanation:

Between 1775 - 1783, the thirteen (13) colonies in Congress warred against the British because of its lack of colonial representation and the objection of the British to the direct taxation method introduced by the parliament. This war was known as the American revolutionary war or American war of independence.

Consequently, this war resulted in a deep economic crisis and inflation for the people of America.

To deal with this wartime economic crisis in 1779, Congress urged states to adopt measures to fix wages and prices such as refusal to issue continental dollars but resort to the issuing of tax adjustment  notes, loan office certificates, warrants, quartermaster notes, etc.

3 0
3 years ago
Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $
Zigmanuir [339]

Answer:

$470

Explanation:

The calculation of the economy income is given below:

Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it

So here we can see that there is one and only economic activity that took place at the present quarter that is of $470

Therefore the economy income is $470

6 0
2 years ago
Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition. Will this necessarily result
Akimi4 [234]

Answer:

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

Explanation:

Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition.

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

2. Under the conditions that price is in-elastic, revenue will rise,

Under the conditions that price is elastic, revenue will fall,

Depending on the mix of reaction, if there is a 50% elasticity and 50% in-elasticity, revenue may remain the same.

3. Explain this process, focusing on the relationship between the increased revenue from students enrolling at ASU despite the higher tuition

<em>This would mean that schooling at ASU has an inelastic demand as earlier stated.</em>

4. Explain the process of  lost revenue from possible lower enrollment.

<em>This would mean that schooling at ASU has an elastic demand as earlier stated.</em>

5. If the true price elasticity were -1.1, what would you suggest the university do to expand revenue?

<em>Above unitary elasticity implies that the demand for the school is very elastic i.e. revenue will fall with increase in tuition fees</em>

<em />

6. If I were the president of ASU, I would tackle this problem <em>based on what I have learned about price elasticity by reducing tuition fees a little to increase revenue much more since the price elasticity is above 1.</em>

<em />

6 0
3 years ago
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