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2 years ago

In a market when the price of a good changes:

Business

1 answer:

garri49 [273]2 years ago

6 0

Answer:

O both quantity demanded and quantity supplied change for the good.

Explanation:

A change in the price of a good leads to a movement along the demand and supply curve for that good. This leads to changes in both quantity demanded and quantity supplied for the good.

All things being equal, the higher the price of a good, the lower the quantity demanded and the lower the price of a good, the higher the quantity demanded.

All things being equal, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Other factors other than changes in price of the good lead to changes in both demand for and supply of the good and shifts both the demand curve and the supply curve for the good.

I hope my answer helps you

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Using the Online Self Study Certifications table, answer the following question: At what individual price would revenue be maxim

Leona [35]

The individual price where the revenue would be maximized for the Certification in Online Counseling is <u>$190</u> with total revenue of $190,000.

<h3>What is total revenue?</h3>

The total revenue is a function of the units sold and the unit price.

To calculate the total revenue for each segment, the sales units per segment are multiplied by the segment's price.

TR = P * Q or Total Revenue = Price * Quantity.

<h3>Data and Calculations:</h3>

Online Self Study Certifications for Social Work License

Certification Certification Bundle

Customers in Online Counseling as a Group

Home Counselor

TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 $190,000 $70 $70,000 $260 $260,000

Segment 2 1000 $150 150,000 $90 90,000 $240 240,000

Segment 3 1000 $95 95,000 $160 160,000 $255 255,000

Segment 4 1000 $35 35,000 $195 195,000 $230 230,000

Learn more about calculating total revenue at brainly.com/question/25623677

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<h3>Question Completion: </h3>

Online Self Study Certifications for Social Work License

Certification Certification Bundle

Customers in Online Counseling as a Group

Home Counselor

TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 $70 $260

Segment 2 1000 $150 $90 $240

Segment 3 1000 $95 $160 $255

Segment 4 1000 $35 $195 $230

Required:

At what individual price would the revenue be maximized for the Certification in Online Counseling?

5 0

1 year ago

You are planning on starting your own business in 18 months and you intend to purchase a new home. You have looked carefully at

Leya [2.2K]

B. Your banker is not aware of your of your other long term financial goals

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3 years ago

A production possibilities frontier can shift outward if a. resources are shifted from the production of one good to the product

Eduardwww [97]

Answer:

d. there is a technological improvement.

Explanation:

a) replacing production of one good in favor of another will be a move across the PPF

b) abandon inefficient production will bring the production to the PPF from a place below it.

c) has no relationship it will simply put inflationary pressure.

<em>d) the technological improvement will make a better use of the factor thus, increasing productivity and making possible more production with the same amount of materials.</em>

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3 years ago

Why would you want to limit your borrowing when making economic decisions ?

Yanka [14]

Answer:

so they can end up spending less on interest payments and credit card fees.

Explanation:

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3 years ago

Which of the following statements is correct?a. Monopolistic competition is similar to monopoly because both market structures a

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Answer:

The correct answer is (A)

Explanation:

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3 years ago