Answer:
a. If demand increases and supply is constant, there would be a rightward shift of the demand curve. As a result, equilibrium price and quantity would increase
b. An increase in supply would lead to a rightward shift of the supply curve. As a result price decreases and quantity increases. A decrease in demand would lead to a leftward shift of the demand curve. As a result, quantity and price decreases. Taking these two effects together, equilibrium price decreases and there is an indeterminate effect on equilibrium quantity
c. An increase in demand leads to a rightward shift of the demand curve. As a result, equilibrium price and quantity increases. A decrease in supply would lead to a leftward shift of the supply curve. This leads to a decrease in quantity and an increase in price. Taking these two effect together, there would be an increase in equilibrium price and an indeterminate effect on equilibrium quantity
d. A decrease in demand would lead to a leftward shift of the demand curve. As a result, quantity and price decreases. A decrease in supply would lead to a leftward shift of the supply curve. This leads to a decrease in quantity and an increase in price. Taking these two effect together, there would be a decrease in equilibrium quantity and an indeterminate effect on equilibrium price
Explanation:
Please check the attached images for the demand and supply diagrams
The answer is true. It is because it may provide the unemployed to be matched with jobs, even if it is only temporary and in a short period of time. With it, it contributes to the efficiency of the economy, where in the economy is doing well.
Coke is a very popular brand in drinks and most people don't think much it is. but i am not 100% sure about the answer but it sounds good to me
Answer:
Generally, when a currency depreciates, that results in higher foreign direct investment. I.e. if the currency of any country depreciates, investing in that country becomes cheaper for foreign companies, e.g. land, equipment or existing facilities are worth less if the investors brings an appreciated foreign currency.
In this specific case, if the yen depreciates, US foreign direct investment in Japan should increase.
Answer:
Price elasticity of demand = 1.2
Explanation:
Given:
Old price (P0) = $2
New Price (P1) = $3
Old quantity (Q0) = 4,200
New quantity (Q1) = 3,000
Price elasticity of demand = ?
Computation of Price elasticity of demand :
Price elasticity of demand = % change in quantity / % change in price
Price elasticity of demand = [(4,200-3,000)/3,000] / [(3-2)/3]
Price elasticity of demand = 1.2