All categories

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

You might be interested in

The North American Free Trade Agreement Group of answer choices is an example of the unilateral approach to free trade. eliminat

otez555 [7]

Answer:

reduced trade restrictions among Canada, Mexico and the United States.

Explanation:

The North American Free Trade Agreement reduced trade restrictions among Canada, Mexico and the United States.

The goal of The North American Free Trade Agreement was to eliminate barriers to trade and investment between the U.S., Canada and Mexico.

The implementation of NAFTA brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than one-third of U.S. exports to Mexico

6 0

3 years ago

Which of the following statements is CORRECT?a. An investment that has a nominal rate of 6% with semiannual payments will have a

andreyandreev [35.5K]

Answer:

c. If a loan has a nominal annual rate of 7%, then the effective rate will never be less than 7%

<em>CORRECT</em>

as at least is recive 7% of the investment. If payment are made in shorter period (semiannually, quarterly, etc)

Then the effective rate will be higher, not lower.

Explanation:

a. An investment that has a nominal rate of 6% with semiannual payments will have an effective rate that is smaller than 6%

FALSE the effective rate will be higher as there is compounding effect.

b. The present value of a 3-year, $150 ordinary annuity will exceed the present value of a 3-year, $150 annuity due

FALSE the annuity-due is discounted for one period less, as the payment are made at the beginning of the period therefore; his V is greater.

d. If a loan or investment has annual payments, then the effective, periodic, and nominal rates of interest will all be different

FALSE if it mades annual payments they will be equal

e. The proportion of the payment that goes toward interest on a fully amortized loan increases over time.

FALSE the interest will decrease over time as there is a portion of principal which is being paid each installment

3 0

3 years ago

Refer to the accompanying graphs for a competitive market in the short run. What will happen to the representative firm's econom

Korvikt [17]

Answer and Explanation:

profit will increase to zero .

Currently the firm is incurring loss as price is less than ATC. In the long run firms will exit.

4 0

3 years ago

Do you think that their economy will be strong when they have to write off debt from countries that have borrowed heavily from t

Kobotan [32]

Answer:

Yes

Explanation:

7 0

2 years ago

How much of the federal government's income comes from individual income tax? (1 point)

Lilit [14]

The right answer for the question that is being asked and shown above is that: "47 percent." the federal government's income comes from individual income tax is that of <span>47 percent. This is the correct answer as far as the federal government's income is concerned.</span>

5 0

3 years ago