All categories

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.

You might be interested in

Zoom Enterprises expects that one year from now it will pay a total dividend of $ 5.0 million and repurchase $ 5.0 million worth

uranmaximum [27]

Answer:

Consider the following calculations

Explanation:

The price per share is computed as shown below:

Present value of equity is computed as follows:

= $ 10 million / 0.13

= $76,923,076.92

Now we shall divide it by the number of shares to get the price per share

= $76,923,076.92 / 5,000,000

= $ 15.38 per share

Feel free to ask in case of any query relating to this question

5 0

3 years ago

Wells Company's delivery truck, with a cost of $56,000 was destroyed by fire. At the time of the fire, the balance of the Accumu

seraphim [82]

Explanation:

Is the answer C if not please explain

8 0

3 years ago

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas willdecrease .

Usimov [2.4K]

The answer is C , thank me later

7 0

3 years ago

There is no relationship between the level of education received and lifetime earnings.

Mekhanik [1.2K]

Answer: False

Explanation:

There is a relationship between the level of education that a person receives and the lifetime earnings. It should be noted that the more education that a person receives, the higher the lifetime earnings of such person will be.

For example, someone who has a doctorate degree is expected to have a higher lifetime earnings than someone who has a high school degree.

Therefore, based on the explanation given, the statement is false.

4 0

2 years ago

This year Army purchased $3,700 of equipment for use in her business. However, the machine was damaged in a traffic accident whi

Andreas93 [3]

Answer: Check explanation

Explanation:

a. Since Amy bought the equipment for $3700 and sold the equipment for $690, the amount that Amy can deduct for the loss of the equipment will be:

= $3700 - $690

= $3010

b. Here, the amount that Army can deduct for the loss of equipment will be the lesser of the amount Amy bought the equipment which is $3700 or the cost of the repair which is $1370.

Therefore, $1370 will be deducted.

c. After the accident, Army could not replace the equipment so she had the equipment repaired for $4,300. What amount can Army deduct for the loss of the equipment?

Here, the amount that Army can deduct for the loss of equipment will be the lesser of the amount Amy bought the equipment which is $3700 or the cost of the repair which is $4300.

Therefore, $4300 will be deducted.

4 0

3 years ago