1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
storchak [24]
3 years ago
9

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

Business
1 answer:
lukranit [14]3 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.

You might be interested in
A supervisor finds the mean number of miles that the employees in a department live from work. He finds and . Which statement mu
MrMuchimi

Complete Question:

A supervisor finds the mean number of miles that the employees in a department live from work. He finds x=2.9 and s=3.6. Which statement must be true?

z376 is within 1 standard deviation of the mean.

z37 is between 1 and 2 standard deviations of the mean.

z37 is between 2 and 3 standard deviations of the mean.

z37 is more than 3 standard deviations of the mean.

Answer:

z37 is between 2 and 3 standard deviations of the mean.

Explanation:

Standard deviation is a way of measuring of how much the value sample varies or disperses. A low standard deviation means that the values are near the mean value of the set, whereas a high standard deviation implies that the values are distributed over a wider range.

In reasonably average data sets, the values reflect about 68 per cent of the sample within 1 standard deviation from the mean; about 95 per cent in 2 standard deviations; and about 99.7 per cent within 3 standardized deviations.

6 0
3 years ago
Read 2 more answers
The average cost of a single sales call to a potential b2b buyer in the u.s. is expensive and could cost about:
Colt1911 [192]
<span>A single sales call to a potential B2B buyer in the United States could cost about $400. A B2B sales call is a business to business sales call. The closing of a sale can be hit or miss, but it is said that any contact with the buyer can be helpful later.</span>
5 0
3 years ago
The original price of a television is $500 you have a coupon for 25% off excluding tax what is the cost of the tv
ch4aika [34]
Original price = $500

Assume that the tax rate is 8%
Cost of the TV plus tax = 500*1.08 = $540
Worth of the 25% coupon = 0.25*540 = $135
Reduced price = 540 - 135 = $405

The cost of the TV with a coupon for 25% off excluding tax is $405.

Answer: $405

6 0
3 years ago
What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?
garri49 [273]
Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
A = P(1+r*t)

Solving:
A = P(1+r*t)
A = 4000(1+0.06*2)
A = 4000(1+0.12)
A = 4000*1.12
\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark


4 0
3 years ago
Jay, a single taxpayer, purchased an annulty to help provide income during his retirement. He paid $36,000 for the annuity that
Rufina [12.5K]

Answer:

d. All of the last 12 payments he received are taxable.

Explanation:

In the case when the life expectancy is 180 months and collected 192 payments prior he died

So according to the question, all the 12 payments would be received are taxable

Here the payment that received for 180 months would not be involved in the gross income and the remaining 12 payment would be taxable

Therefore the option d is correct

4 0
3 years ago
Other questions:
  • Ideally, capital budgeting analysis should take cash flows into account . Understanding the nature of projects Capital budgeting
    15·1 answer
  • uses project characteristics in a mathematical model to estimate project costs. a. Rough order of magnitude estimating b. Bottom
    5·1 answer
  • Part U67 is used in one of Broce Corporation's products. The company's Accounting Department reports the following costs of prod
    5·1 answer
  • How does the loanable funds market translate savings into investment and what adjusts to bring the market to equilibrium? A. The
    14·1 answer
  • In which case do investors buy stock in expectation of higher profits
    12·2 answers
  • The action of using a mouse to drag a selection from its original location and drop it in a new location
    7·1 answer
  • Prompt What is liability?
    14·1 answer
  • Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of Decembe
    14·1 answer
  • What is not a service business?
    13·1 answer
  • Contrast the effects of LIFO versus FIFO on reported assets (i.e., the ending inventory) when
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!