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2 years ago

If supply and demand both increase then equilibrium price will also increase. True or False

Business

1 answer:

lukranit [14]2 years ago

6 0

Answer:

This statement is false.

Explanation:

The change in the equilibrium price due to a change in in an increase in both demand and supply cannot be predicted without knowing the magnitude of the increase.

If the proportionate increase in the demand is greater than the increase in supply, the equilibrium price will increase.

If the proportionate increase in the supply is greater than the increase in demand, the equilibrium price will decrease.

If the increase in demand is proportionately equal to the increase in supply, the equilibrium price will remain the same.

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Recall Little’s Law that relates the 3 most important process measures (average inventory, average flow rate, and average flow t

Anna11 [10]

Answer: 0.15 years

Explanation:

According to Little's Law, it should be noted that:

I = R × T

where,

I = amount of flow units

R = rate of processing flow units

T = time

For this question,

I = $45 million

R = $300 million

Time will be:

T = I/R

T = 45/300

T = 0.15 years

Therefore, the account receivable process will use an average of 0.15 years.

7 0

3 years ago

A downhill ski area is experiencing a decline in the number of lift tickets sold, falling revenues, and inadequate profits. The

sukhopar [10]

Answer:

D. a 10 percent decrease in the average price of a lift ticket.

Explanation:

When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.

Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.

Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.

5 0

3 years ago

Workers in the nation of Brotherton expect managers to forcefully tell employees what to do, how to do it, and when. On the othe

pogonyaev

Answer:

The answer is B. Socio-cultural

Explanation:

The socio-cultural environment refers to the beliefs, practice, customs, tradition that influences the behaviour of a people that lives in a given population.

The socio-cultural belief of the nation of Brotherton is one that believe that all the planning activities of the organisation should be the duties of manager alone and the employee are just to do as they are told.

However, the American workers participate and make contributions in the decision making process of the organisation.

5 0

2 years ago

Suppose you are a manager at an advertising agency who is eager to utilize Covey's advice about delegation. Today, you need to w

yan [13]

Answer:

Customer administrations supervisors interface an organization's imaginative endeavours with publicists' needs, from driving the main gathering on another record to looking into news sources for a crusade.

Explanation:

They keep up associations with administrators of customer organizations, supervise the office's record group over all orders and create procedures for customers.

So, the customer administrations supervisor is responsible for all parts of the conveyance of work to the customer. Be that as it may, the record head's job goes past only giving a customer what he needs.

8 0

3 years ago

List 4 stakeholders

Arada [10]

Answer:

Employees,Governments,Local communities,customer

4 0

2 years ago