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MAXImum [283]
3 years ago
11

Perfectly competitive industry X has constant costs and its product is an inferior good. The industry is currently in long-run e

quilibrium. The economy now goes into a recession and average incomes decline. The new long-run equilibrium will result in a(n) rev: 06_26_2018 Multiple Choice increase in output and in the equilibrium price of the product. increase in output, but not in the equilibrium price of the product. decrease in output, but not in the equilibrium price of the product. decrease in output and in the equilibrium price of the product.
Business
1 answer:
andriy [413]3 years ago
5 0

The new long-run equilibrium will result in a(n) rev : increase in output and in the equilibrium price of the product.

Explanation:

Higher prices mean that the quantity needed for good increases as income decreases and vice versa. Thus the quantity required good raises in the given question as income falls as a result of the recession. It pushes up the demand curve, leading to an increase in the supply yield and a price increase in value.

Modern supply and demand changes affect both price and quantity. If the supply curve goes up, which lowers supply, but leaves demand stable, the price of exchange is increasing, but volume decreases.

For Example, pump prices are likely to rise, if the supply of petrol falls.

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Answer:

C

Explanation:

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A 5-year corporate bond yields 9.70%. A 5-year municipal bond of equal risk yields 6.5%. Assume that the state tax rate is zero.
Roman55 [17]

Answer:

c. 32.99%

Explanation:

Risk yield = bond yield*(1 - Federal tax rate)

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Federal tax rate = 1 - 6.50%/9.70%

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Therefore, The federal tax rate that you are indifferent between the two bonds is 32.99%

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2 years ago
Describe the similarities and differences between TQM and Six Sigma quality-management techniques.
hoa [83]

Answer:

Explained below:

Explanation:

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6 0
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When you use multiple worksheets in Excel and you retrieve information from one to go to into another
scoundrel [369]

Answer:

A. Start by using the = in the cell where you wish to put the information.

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