Answer:
When quantity supplied decreases by 7 apartments at each rent, the new supply and demand schedule is given below:
Monthly rent QD QS
400 30 9
450 25 11
500 20 13
550 15 15
600 10 17
So, the new equilibrium price is $550 and quantity is 15.
The major reason a country might choose to devalue its currency is to encourage exports.
<h3>What do you mean by Devaluation?</h3>
Devaluation refers to the downward movement in the value of the country's currency. The government that issues the currency has the power to devalue its currency.
Devaluating the currency reduces the cost of a country's exports and reduces trade deficits. For encouraging exports, a country chooses to devalue the currency.
Therefore, B is the correct option.
Learn more about Devaluation here:
brainly.com/question/15293218
Answer:
using this information can result in time and cost savings
Explanation:
A liability is a debt to an oraganization/business. Once the information brings the company down -holds them back- it becomes a liability. It's like if you have an accounts payable your creditors would have full rights to your money upon company liquidation. That means your company will earn less revenue. A liability is something you owe.
Answer:
Some sellers can set prices
Explanation:
Characteristics of competitive firms:
1. All sellers are price takers. No seller can influence market price.
2. All buyers are price takers
3. Forces of demand and supply determine market price.
4. All products are homogenous
5. There are no barriers to entry or exist of firms
6. There is perfect information