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3 years ago

For movement along the demand curve, from an old position to a new one, the price effect is quantifiable as

Business

1 answer:

elena-s [515]3 years ago

4 0

Answer:

This question is incomplete, the options are missing. The options are the following:

A) The old price times the change in quantity.

B) The old price times the new quantity.

C) The new price times the change in quantity.

D) The old quantity times the change in price.

And the correct answer is the option D: The old quantity times the change in price.

Explanation:

To begin with, the name of <em>"Price Effect"</em> refers to a concept known in economics as the situation where a consumer is affected by the change in the price that a good he plans to buy staying everything else constant. This effect is quantifiable as the old quantity times the change in price when we see the representation in a graphic due to the fact that when the demand curve moves the new position will be established by that new price that have affected the consumer given the same old quantity.

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TP Inc. is a young start-up company. No dividends will be paid on the stock over the next 9 years, because the firm needs to plo

tatiyna

Answer:

$41.69.

Explanation:

P9 = Next dividend / Required rate - Growth rate

P9 = $5 / 8% - 2%

P9 = $5 / 6%

P9 = $5 / 0.06

P9 = $83.33

So, the stock price for 9th year is $83.33

Current stock price = P9 / (1 + Required rate of return)

Current stock price = $83.33 / (1+0.08)^9

Current stock price = $83.33 / (1.08)^9

Current stock price = $83.33 / 1.9990046271

Current stock price = 41.68574643115692

Current stock price = $41.69

Therefore, the current stock price is $41.69.

8 0

3 years ago

The following materials standards have been established for a particular product:

GREYUIT [131]

Answer:

(i) $1,295 Favorable

(ii) $3,744 Unfavorable

Explanation:

Actual price = Actual cost of materials ÷ Actual materials purchased

= $43,105 ÷ 3,700

= $11.65

Materials price variance = Actual Quantity (Actual Price - Standard Price)

= 3,700($11.65 - $12.00)

= $1,295 Favorable

Standard Quantity = Actual output × Standard quantity per unit of output

= 560 × 4.8

= 2,688

Materials quantity variance:

= Standard Price (Actual Quantity - Standard Quantity)

= $12.00 (3,000 - 2,688)

= $3,744 Unfavorable

3 0

3 years ago

Suppose the price of a substitute to lcd televisions rises. What effect will this have on the market equilibrium for lcd tvs? T

Artyom0805 [142]

Answer: The equilibrium price of lcd tvs will

a. Increase and the equilibrium quantity will increase.

When the price of a substitute of lcd tvs rise, the demand for lcd tvs will rise, since they become cheaper than the substitute.

This will cause the existing demand curve to shift outwards, resulting in a rise in quantity.

As a result of the outward shift, the quantity supplied will also rise and so will the equilibrium price.

5 0

3 years ago

Kamiar owed Rubio $5,000, which was due in one year. There was no dispute that a debt existed and no dispute over the amount. Ho

aleksley [76]

Yes, Rubio will be able to successfully sue and collect the $1,000 later because their agreement was not fulfilled.

<h3>What is an agreement in contract?</h3>

In contract, an agreement is an element of what makes a contract valid. When an agreement is breached, then, the aggrieved party have a right to void the contract.

In conclusion, the answer is yes because Rubio will be able to successfully sue and collect the $1,000 later because their agreement was not fulfilled.