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aleksley [76]
3 years ago
5

If the demand and supply curves for product X are stable, a goverment mandated increase in the price of X will:_______

Business
1 answer:
shepuryov [24]3 years ago
4 0

Answer: C. . increase the quantity supplied of X and decrease the quantity demanded of X.

Explanation:

If the demand and supply curves for product X are stable, a goverment mandated increase in the price of X will result into the increase the quantity supplied of X and decrease the quantity demanded of X.

This is because when there is a rise in price, the suppliers will be willing to supply more while the consumers will demand less of the product.

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Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.

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2 years ago
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kirill115 [55]

Answer:

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