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Mila [183]
3 years ago
7

Suppose you are told that the equilibrium price of bananas has​ increased, while the equilibrium quantity of bananas has fallen.

You are also told that either the demand changed or supply​ changed, but not both. Which of the following must have​ occurred?
a. demand decreased
b. supply increased
c. demand increased
d. supply decreased
Business
1 answer:
siniylev [52]3 years ago
8 0

Answer:

D. Supply decreased

Explanation:

When Supply of a product decreases the equilibrium price increases because at that point, demand of that commodity becomes more than the available quantity of the commodity. Also, a fall in the equilibrium quantity of a commodity in this case banana indicates that the supplier has reduced the amount of goods supplied at that particular point in time (supply decreased). It causes a relative scarcity of that product mostly when the demand for such commodity increases or maintain previous demand equilibrium numbers.

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You wish to buy a cabin in 15 years. TODAY, the cabin costs $150,000. You believe the price of the cabin will inflate at 4% annu
vfiekz [6]

Answer:

I will need to invest 64,669.73 dollars now.

Explanation:

We will calcualte the future value of the cabin considering the inflation:

Principal \: (1+ inflation )^{time} = Amount

Principal 150,000.00

time  15 years

inflation 0.04000

150000 \: (1+ 0.04)^{15} = Amount

Amount 270,141.53

Then we calculate the present value of the lump sum at 15 years discounted at 10% which is the yield of the funds

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  270,141.53

time   15 years

rate  0.10

\frac{270141.53}{(1 + 0.1)^{15} } = PV  

PV   64,669.73

we would need to deposit 64,669.73 today to get enough cash to purchase the bcabin in 15 years.

5 0
3 years ago
When the demand for smartphones increased in Preteresia, a country in Eastern Europe, the smartphone manufacturers started impor
Elan Coil [88]

Based on the actions of Preteresia , we can infer that this scenario best describes <u>Global Convergence</u>.

<h3>What is Global Convergence?</h3>
  • It refers to the current trend of various dimensions of the human life being integrated across nations.
  • Describes the integration of dimensions such as business, culture, the economy, and political policy across nations.

Preteresia in helping Abresia build those facilities, is engaging in global convergence because the industries in both countries are being integrated to allow for more efficient smartphone manufacturing.

In conclusion, this is global convergence.

Find out more on the effects of global convergence at brainly.com/question/18077255.

7 0
2 years ago
Which statement concerning monopolistic competition is false? a. Long-run equilibrium under monopolistic competition and pure co
11111nata11111 [884]

Answer:

b. Monopolistic competition is likely to result in a greater variety of product brands than pure competition.

Explanation:

Monopolistic competition is a competitive structure in which few companies operate in an industry that offers the same type of service or product, but differences. In this way each firm holds the relative monopoly of the product. For example, in the toothpaste market, companies sell the same product (toothpaste) but each company tries to differentiate their product from others.

In the competitive structure, several companies sell various products in a free competitive regime, having no monopoly power. Thus, the number of companies and products is infinitely larger than in monopolistic competition.

5 0
3 years ago
Financial Planning Partners​ Inc., employs 12 fulltime CPAs and 10 paraprofessionals. Direct and indirect costs are applied on a
mihalych1998 [28]

The correct answer is C) overallocated.

When using a normal costing​ system, yearend accounting records will show that indirect costs are​ overallocated.

This means that in any business, overallocation is when resources are not correctly allocated to the departments or activities needed. SO when planning a project, overallocation can be the mistake of assig more resources to one side of the project, department, area, or unit. This implies the idea that other departments or activities are gings to lack the proper funding to do their work. Of course, overallocation can affect the results of the project or the time is needed to get it done.

5 0
3 years ago
________ provide periodic updates of what is occurring in the business.
Marina86 [1]
The correct answer is Records.
5 0
3 years ago
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