Answer:
The remark by the student is correct since;
B. correct When there is an increase in supply and an increase in demand, the change In both new equilibrium price and equilibrium quantity are unknown
Explanation:
The major factor that affects the supply and demand is the market price of a good or service. The supply of a good or service is the quantity of goods that producers are willing to sell at a particular price, while the demand is the quantity of goods that consumers are willing to but at a particular price. When the price of a good rises, most producers are usually inclined to supply more of the product. On the contrary, when the prices drop, the suppliers tend to sell less of the good. However, there is a state known as the equilibrium point is the price where the quantity of goods supplied is the same as the quantity of goods demanded. This typically means that the suppliers and the consumers are comfortable with the price of that particular good or service. In reality, this scenario is often extremely rare.
In our case, premium bottled water was initially in equilibrium then a sudden rise in demand and a sudden increase in supply also ensued. In this case, it is difficult to know what how much the price and demand will change since we don't have a clue on the quantity of bottled water that will be supplied by the new firms that have entered the market. At the same time, we don't know how much the demand for premium bottled water increased.
Opening up of the world's market to trade, Development of better transportation, communications, and technology, <span>Cross border business partnerships. Hope this helps:)</span>
<span>#1) Which of the following was a direct result of the Pullman strike?
Answer: Out of all the options that are presented above the one that represents a direct result of the Pullman strike is answer choice D) Eugene V. Debs was arrested for his union activities and put in jail. Debs and three other union leaders were arrested for interfering with the US mail.
#2) Companies hired Pinkertons to.
Answer: Out of all the options that are available above the one that best represents why companies hired Pinkertons is answer choice D) report on and bust unions. Many Pinkertons were shot and killed by strikers in desperation.
<span>I hope it helps, Regards. </span></span>
Answer:
26,833 units
Explanation:
Optimal production quantity is the quantity at which business incur minimum cost. This is the level of production per batch where the incur the lowest cost.
EOQ =
C = Carrying cost = 10 / 100 = $0.1 per unit
S = Setup cost = $100
D =Annual Demand = 360,000
EOQ =
EOQ =
EOQ = 26,833 units
B. As people connect through social media, they become familiar with foreign cultures