Answer:. A. a decrease in the consumer surplus of Japanese consumers.
Explanation:
When an import quota is imposed, it has the effect of limiting the imports of a commodity into an economy.
The effect of this is that supply drops as goods are no longer coming in from outside.
Because of this drop in supply, there is a increase in price.
This increase will reduce the Consumer surplus.
How?
Consumer Surplus is defined as the price that consumers pay vs the price they are willing to pay.
Because there was more supply, they were paying a price less than what they were willing to pay. As this supply has now dropped, the price they are paying is now closed to the price they are willing to pay.
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The appropriate response is competitor's resources. It can be strategic activities, for example, motivating force evaluating or improved administration offerings since they are less expensive to assault than huge scale key activities.
Answer:
the ending balance of the unearned revenue is $3,225
Explanation:
The computation of the ending balance is shown below:
= Amount received from the customer for performing the future service + balance in the account
= $500 + $2,725
= $3,225
Therefore the ending balance of the unearned revenue is $3,225
The above formula should be applied
<span>Wendy should use a descriptive statistic. This statistic summarizes a data set so it is easier to comprehend and read over. The main goal of descriptive statistics is to simply describe the data given. You do not use this statistic to draw conclusions and make assumptions.</span>
Answer:
D
Explanation:
Nonprice competition refers to a strategy in which a firm tries to differentiate their products from the competition using means other than the price.