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snow_tiger [21]
3 years ago
6

At a price of $16, the quantity demanded of good X is ____________ than the quantity supplied of good X, and economists would us

e this information to predict that the price of good X would soon ______________. This would push the price __________ the equilibrium price.
a. greater; fall; toward
b. greater; rise; toward
c. less; fall; toward
d. less; rise; away from
e. greater; rise; away from
Business
1 answer:
yaroslaw [1]3 years ago
8 0
I think it’s d maybe
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FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving
Deffense [45]

The proposed response of Adam Smith based on each scenario is given below:

<h3>Scenario 1</h3>

He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.

<h3>Scenario 2</h3>

He would side with the free market system and be an opponent of the law that frowns on importation.

<h3>Scenario 3</h3>

He would support the suspension of the antitrust laws.

<h3>Scenario 4</h3>

He would believe that markets should not be regulated and the free market system should continue.

<h3>Who is Adam Smith?</h3>

He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product

Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.

Read more about Adam Smith here:

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8 0
2 years ago
If the price of gasoline rises, when is the price elasticity of demand likely to be the most elastic
QveST [7]
$3.00 probably because if it,s $3.00 it should be very elastic
7 0
3 years ago
The following data pertain to an investment proposal: Required investment $75,000 Annual cash savings $18,000 Projected life of
ehidna [41]

Answer:

Explanation:

Using a financial calculator, input the following using CF function;

Initial Investment ; CF0 = -75,000

Yr1 cashflow ; C01 = 18,000

Yr2 cashflow ; C02 = 18,000

Yr3 cashflow ; C03 = 18,000

Yr4 cashflow ; C04= 18,000

Yr5 cashflow ; C05 = 18,000

Yr6 cashflow ; C06 = 18,000

Yr7 cashflow ; C07 = 18,000

Yr8 cashflow ; C08 = 18,000 +4,000 = 22,000

Required rate of return = 16%

then compute Net present value by keying in NPV, CPT = $4,404.74

5 0
3 years ago
In the quantity discount model, the optimum quantity will always be found on the lowest total cost curve.
Leno4ka [110]

In the quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.

<h3>What is optimum quantity?</h3>

It should be noted that optimum quantity simply means the economic quantity that is purchased.

In this case, in quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.

Learn more about optimum quantity on:

brainly.com/question/17192219

4 0
2 years ago
Swifty Company has identified that the cost of a new computer will be $30000, but with the use of the new computer, net income w
klio [65]

Answer:

10.0 years

Explanation:

The computation of the payback period is shown below

We know that

Payback period = initial cost ÷ increase in net income

= $30,000 ÷ $3,000

= 10 years

As the depreciation expense is a non-cash expense so we dont considered it

Therefore the first option is correct

8 0
3 years ago
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