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Ksju [112]
3 years ago
8

In the late 1990s "mad cow" disease caused people to buy less beef. It also caused the EU to ban imported British beef and the B

ritish government to ban the sale of older cattle. What is the effect of the following on price and quantity of British beef sold worldwide?
Business
1 answer:
Bingel [31]3 years ago
3 0

Answer:

Price of British beef falls initially, but regains some of its losses. Quantity sold falls.

Explanation:

British beef represents a large portion of the total European beef market, so a ban on British beef imports will initially cause the price of British beef to decrease a lot, but it will also increase the price of other European beef. This price shake up will eventually lead to a recovery of the price of British beef, since not all the cows were sick, but the most negative impact was not only on the price decrease but on the decrease in exports. Obviously a European ban on imported British beef will cause a dramatic decrease in the quantity sold.

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Answer:

$28,065

Explanation:

The moving averages method uses the means of the previous months as the forecast for the next months.

The formula for the moving average is as below.

Moving Average = (n1 + n2 + n3 + ...) / n

In this case, the Moving average = $26,908 +$28,386 +$28,730, $27,290+  $29,009 / 5

= $140,323 /5

=$28,064.6

=$28,065

7 0
3 years ago
A​ person's ________​ is/are the unique combination of​ emotional, thought, and behavioral patterns that affect how he or she re
BigorU [14]

Answer:

<u>Personality</u>

Explanation:

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Each person is unique in the sense, no two individuals share exactly same thoughts or react in exactly same manner. Individuality refers to the uniqueness of ideas, thoughts and reactions which distinguish a person from another.

Personality of an individual gradually assumes shape over a period of time, being an outcome of the kind of people one associates with, tastes and preferences, addition of ideas, etc.

6 0
3 years ago
Will the financial statements of a company always differ when different choices at the start of the accounting period are made r
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Answer:

Will the financial statements of a company always differ when different choices at the start of the accounting period are made regarding the​ denominator-level capacity​ concept?

A. No. It depends on how a company handles the​ production-volume variance in the​ end-of-period financial statements. For​ example, if the adjusted​ allocation-rate approach is​ used, each​ denominator-level capacity concept will give the same financial statement numbers at​ year-end.

Explanation:

Level capacity strategy

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Answer:

Controling.

Explanation:

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It is essential that each company has a well-established control management system, as a way of positively influencing employees in the company and ensuring that all strategic activities and actions are carried out as planned to achieve organizational objectives and goals.

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3 years ago
Which type of inflation occurs when prices are high, then drop due to lower demand, and then are restored to a previous high lev
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Answer:

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