Answer:
It helps them to get their money without attending to their work places
Answer:
1. Equilibrium price ,p = $1.20 per pound, equilibrium quantity = 95 million pounds.
2. Surplus = 0
Explanation:
1. From the question,
the equilibrium price = 1.20
The equilibrium quantity = 95 million per pounds.
Equilibrium is gotten when Quantity supplied = quantity demanded.
2. When price floor == $1.00
Quantity demanded = 101
Quantity supplied = 79
Monthly surplus = 79 - 101 = -22
Quantity demanded > quantity surplus.
This implies that there is no surplus.
Surplus = 0
3. If a decrease in cost of feeding cows shift supply by 40 million we will have new supply schedule =
New qs = Qs + 40
63+40 = 103
71+40= 111
79+40 = 119
87+40= 127
95 + 40 = 135
103 + 40 = 143
111+40 = 151
119 + 40 = 159
127 + 40 = 167
135 + 40 = 175
143 + 40 = 183
a movement from one point on the demand curve to a lower point on the demand curve An increase in quantity demanded brought on by a decrease in price is represented by a movement from one point on the demand curve to a lower point on the demand curve.
<h3>What is
demand curve?</h3>
A demand curve is a graph in economics that depicts the relationship between the price of a commodity and the quantity of that commodity that is demanded at that price. Demand curves can be used to model the price-quantity relationship for a single consumer or for all consumers in a given market.
The demand curve depicts the relationship between the price of a good or service and the quantity demanded over a given time period. A typical representation will show the price on the left vertical axis and the quantity demanded on the horizontal axis.
To know more about demand curve follow the link:
brainly.com/question/1139186
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Answer:
Revaluation; 6.25%
Explanation:
Given that,
Change in the exchange rate of china and United states
= 6.40 Yuan/$ to 6.00 Yuan/$
Total change = 6.40 Yuan/$ - 6.00 Yuan/$
= 0.40 Yuan/$
This means that the value of Chinese yuan is appreciated against the dollar because now a Chinese person have to pay less for any product imported from the united states.
Percentage appreciation in Yuan:
= (Total change ÷ Initial value) × 100
= (0.40 ÷ 6.40) × 100
= 0.0625 × 100
= 6.25%
Answer:
D, aggregating
Explanation:
Aggregation in marketing is a situation whereby a product or service has a large range of consumers or customers(in this case, teens, college students, urban youth and young adults) that have the same demand for the said product(Toyota Scion) thus giving the product a very large exposure in return.
This aggregation leads to more of the product being produced to meet the large number of consumers.
Cheers.
