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Mama L [17]
3 years ago
6

Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2015 and 240 million pounds for $3 per po

und in 2016. Based on this information, we can conclude that the:______.a. law of supply has been violated. b. law of demand has been violated. c. demand for coffee beans has increased. d. supply of coffee beans has increased.
Business
1 answer:
steposvetlana [31]3 years ago
4 0

Answer:

B and C

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded. This means that at a higher price, the quantity of coffee that should be demanded should decrease.

Hence, since there was an increase in the price of the coffee per pound in 2016, we expect that there should be less sales. Instead, there was still an increase.

Also, we can see that the the demand for coffee has increased. More pounds of coffee is needed which creates an increase in supply which thus has driven up the price

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Answer:

a. Retailer

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AveGali [126]

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3 years ago
Bravo inc owns 20,000 of the 40,000 outstanding shares of bello, inc. common stock. During 2021, Bello earns 1,200,000 and pays
stealth61 [152]

Answer:

the  ending balance of the investment account is $870,000

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4 0
3 years ago
A corporation has $7,000,000 in income after paying preferred dividends of $500,000. The company has 1,000,000 shares of common
Finger [1]

Answer:

Price earning ratio= 8  times

Explanation:

Price earning ratio = Price per share /Earnings per share

Price per share = 56, EPS =?

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Price earning ratio= 8  times

                         

8 0
3 years ago
Explain the relationships among speed, frequency, and the number of poles in a three-phase induction motor
Triss [41]

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The actual speed is a few percent lower due to the slip of the asynchronous motor.


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5 0
3 years ago
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