Answer:
Quantity demanded of matches will remain unchanged, Quantity demanded of tomatoes will rise
Explanation:
Law of demand states that there is an inverse relationship between price of a good and it's quantity demanded, keeping other factors affecting demand as constant.
Price elasticity of demand refers to degree of responsiveness of quantity demanded of a good with respect to a change in it's price.
In the given case, price elasticity of demand for matches is inelastic since requirement of matches is fixed and consumer won't buy additional matches if the price is reduced. Thus a price decease will not increase the quantity demanded of matches.
On the other hand, tomatoes have various uses and thus, their demand is elastic. So if price of tomatoes drops, the quantity demanded of tomatoes would rise, keeping other factors affecting demand as constant.
Answer: central bank of the United States
Explanation:
The Federal Reserve System is regarded as the central bank of the United States. The function of the Federal Reserve System is to regulate and supervise banks and every other financial institutions in the United States in order to ensure that the banking system is in good shape.
The Federal Reserve System isn't the institution that regulates the stock markets. That's the function of the United States Securities and Exchange Commission.
Answer:
The answer is <u>$24</u>
Explanation:
Manufacturing overhead costs are expenses that result from the manufacturing of the organization’s products. The predetermined overhead rate for machine hours is calculated by dividing the estimated manufacturing overhead cost total by the estimated number of machine hours.
Manufacturing overhead rate = $489,600 / 20,400 = <u>$24</u>
Answer:When output is below the full employment level of real GDP, the Federal Reserve banks should ______. lower the reserve ratio.
Explanation:please give brainliest
Answer:
Westchester Chamber
Television Radio Online Audience
cost per advertisement $2,000 $300 $600
Number 100,000 18,000 20,000
Usage 10 20 10
Cost per audience $0.20 $0.33 $0.3
Rank 1st 3rd 2nd
Allocation of available budget
Available amount $31,100
Television (2000*10) (20,000)
Online Audience (600*10) <u> (6,000)</u>
Radio <u> 5,100</u>
<u>Commercial message to be run </u>
Television 10 times
Online Audience 10 times
Radio ( $5100/$300) 17 times
Explanation: