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Agata [3.3K]
3 years ago
12

Indicate how an increase in tastes for apples will affect the equilibrium price and the equilibrium quantity in the market for a

pplesa. increase; increaseb. increase; decreasec. decrease; decreased. decrease; increase
Business
1 answer:
Rudiy273 years ago
6 0

Answer: Option (a) is correct.

Explanation:

Tastes and preferences are the determinants of demand. Any change in the tastes and preferences will lead to shift the demand curve of a market. Therefore, an increase in the tastes for apples means that demand is favorable for the apple market, as a result demand curve shifts rightwards.

Hence, both equilibrium price and equilibrium quantity in the market for apples increases.

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Sally received 100 shares of stock worth $8,000 as a gift from her father. Her father had purchased the stock for $10,000. When
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Answer:

$8000

Explanation:

Based on the fact that she didn't purchase the stock initially At $10000, but she was gifted it at $8000 her bases upon which she will derive profit or loss from is $8000

3 0
3 years ago
Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following i
Oxana [17]

Answer and Explanation:

The preparation of the operating activities section is shown below:

                                         Rodriguez Company

                             Statement of Cash Flows (partial)

Cash flows from operating activities:  

Net loss $ (6,400)  

Adjustments  

Add: Depreciation expenses $4,500

Add: Amortization of copyright $200

Add: Decrease in accounts receivable $5,000  

Add: Increase in salaries payable $11,000  

Less: Decrease in other current liabilities -$1,800

Net cash flow from operating activities $12,500

The negative sign reflects the cash outflow and the positive sign reflects the cash inflow

3 0
4 years ago
The constant growth model assumes which of the following?
Gwar [14]
The answer would be letter C, because the growth model promotes a rise or a growth in development. In which, it will create the stocks to be efficiently priced as time goes by for it is a requirement in terms of developing or having stocks to rise up in the contribution of the company. Executive stocks are not always available, privately held information does not follow on the relationship of the model and there is a restricted stock.
4 0
4 years ago
If long-run average total cost decreases as output increases, this is due to:
loris [4]
The economics scale                    
6 0
3 years ago
If two firms producing substitutes agree to fix prices, then their prices will 1.____________ . If two firms producing complemen
frutty [35]

Answer: increase; decrease.

Explanation:

Price fixing is a situation that occurs when two companies come together and form an agreement whereby the price of a particular goods or services will not be sold below that particular price.

When two firms producing substitutes agree to fix prices, then their prices will increase and when two firms that are producing complements fix prices, then their prices will reduce.

8 0
3 years ago
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