The demand shifter is the expected increase in the price of the lab coats.
The equilibrium price and quantity would increase.
<h3>What would happen to equilibrium price and quantity?</h3>
When there is an expectation of an increase in the price of lab coats, people would want to buy more lab coats now to avoid buying lab coats at a high price next week.
As a result, the demand curve for lab coats shifts to the right. The equilibrium price and quantity would increase.
Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811
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Answer:
The correct answer is b. a common goal through integration
.
Explanation:
Making use of what is mentioned in the statement, the company brings its employees much closer so that they can work together, regardless of the number of people involved in a given project. When there is a clearly defined structure, it is easier to address and assign tasks, which is why they are based on those shortcomings found in order to point to sustained growth and process improvement for the benefit of all collaborators.
Answer: a. Almonds have a more inelastic supply in the short run because little can be done to change production in the short run.
Explanation:
Based on the scenario given in the question, the correct answer will be:
(a) almonds have a more inealstic supply in the short run because little can be done to change production in the short run.
Due to the fact that option the determinants of supply of almonds and barley are mentioned, option (b) isn't correct.
For option (c), the supply of barley isn't inelastic. This can be seen as the output of barley can be increased more than the output of almond.
For option (d), just because they're both agricultural commodities doesn't mean that they'll have same price elasticity of supply.
Answer:
C
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Nominal GDP is GDP calculated using current year prices.
If nominal GDP increases, it can be as a result of an increase in price level or an increase in output
for example,
In economy A, price in year 1 is 10 and price in year 2 is 20. Output in both years is 20
Nominal GDP in year 1 = (10 X 20) = 200
Nominal GDP in year 2 = (20 X 20) = 400
It can be seen that nominal GDP increased even though output did not increase
Assume that in economy B, price in year 1 and 2 is 10. Output in year 1 is 100 and output in year 2 is 200
Nominal GDP in year 1 = (10 x 100) = 1000
Nominal GDP in year 2 = (10 x 200) = 2000
Increase in nominal GDP in this economy is as a result of an increase in output
Answer:
27.29 months
Explanation:
Using Present Value Annuity (PV A):
PV A = c x (1- 1/(1+r)^t)/r
c = Monthly repayment
t = time it will take to pay off
r = rate of interest per month
$ 11,500 = $500 x (1 – 1 / (1+0.0125)^t / 0.0125
When you solve this problem you get:
1/(1+0.0125)t = 1 – (($11,500)(0.0125) / ($500))
1/1.0125^t = 0.7125
1.0125^t = 1/0.7125
1.0125^t = 1.4035
t = In 1.4035 / In 1.0125
t = 27.29 months