Answer:
1. Supply would increase causing a surplus situation. Prices would then decline and this causes quantity supplied to decrease and quantity demanded to increase, this continues until there is a new equilibrium at a lower price and higher quantity.
Explanation:
Since in the question, it is given that the two new pizza restaurants are entered in the market that reflects increment in the number of sellers. Due to an increase in sellers, the supply curve shift to rightward. This will result in a decrease in the equilibrium price and an increase in equilibrium quantity
And we know that there is a direct relationship between the price and quantity supplied and there is an inverse relationship between the price and the quantity demanded
Answer: Cultural forces
Explanation:
This is an influencing system which exist within certain population that steer business practices and/or purchasing behavior.
Answer:
Transfer pricing are the prices established to record inter-company sale
Explanation:
The transfer price is the price at which one arm of a business sells to the other.For instance,the price at which one division of a company sells to another division,
The transfer price is very important in order that tax authority may see that the sale price charged is at arms length for all parties involved.