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3 years ago

Which of the following condition will both consumers and sellers benefit?

1 answer:

5 0

Answer: Option C) When supply equals demand.

The most common supply curve decreases with price. The most common demand curve increases with price. The point at which supply and demand curves intercept each other is the equilibrium point. At that point (equilibrium), there are consumers who are paying less than what they are willing to pay (generating a consumer surplus) and there are producers who are selling at a price that is higher than what they are willing to receive (generating a producer surplus), then both consumer and producers benefit.

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When Alex's income increased from $2,000 to $4,000, he increased his consumption of bagels from 6 to 10 a month and decrease

Oliga [24]

Answer:

For Bagels = 1.33

For Donuts = -1.33

Explanation:

Using the midpoint method, Alex's percentage change in income is given by the difference in income divided by the average income:

$\%I =\frac{\$4,000-\$2,000}{\frac{\$4,000+\$2,000}{2}}\\\%I=66.67\%$

Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:

$\%B =\frac{10-6}{\frac{10+6}{2}}\\\%B=50.00\%\\\%D =\frac{9-15}{\frac{15+9}{2}}\\\%D=-50.00\%$

Alex's income elasticity of demand for bagels and donuts, respectively, is:

$E_B=\frac{\%I}{\%B}=\frac{66.67\%}{50\%} \\E_B=1.33\\\\E_D=\frac{\%I}{\%D}=\frac{66.67\%}{-50\%} \\E_D=-1.33$

His income elasticity of demand for bagels is 1.33, while for Donuts it is -1.33.

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3 years ago

1. Why might a person assume that Ms. White would be doing well financially?

GuDViN [60]

Answer:

I think you’re a person assumes and Mr. White will be doing well financially is because she is that the one who is teaching people how to financially afford people are going to think she’s doing well financially

Explanation:

It’s really simple she’s doing she’s teaching everybody how to initially a food thing should be good

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3 years ago

The contract Jack is signing has a clause that protects his assets from a deficiency judgment in case of foreclosure. What is th

charle [14.2K]

Answer:

exculpatory clause

Explanation:

Exculpatory clause in contracts is a clause that protects the person issuing it from liabilities of damages to an asset that may not be in their possession or out of their control. It prevents one party from the holding the other liable for damages to an asset during the execution of a contract. This is what Jack has done to protect himself from the liabilities that may result from any damages during the contract.

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3 years ago

A ________ is owned and managed by a group of individuals who share in decision-making and risk.

Gekata [30.6K]

Joint stock company
:))))))))))

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3 years ago

Linking executive pay to stock price can have the unintended result of rewarding: Multiple Choice ethical behaviour. unethical b

svetoff [14.1K]

Linking executive pay to stock price can have the unintended result of rewarding unethical behavior. option b is correct.

<h3>What are unethical behaviors?</h3>

This is a term that is used to refer to the set of behaviors that are carried out in the corporate setting which go against the norms of the organization.

Doing such a linking has a way of rewarding the unethical behavior of the people in the work place.

Raed more on unethical behavior here:

brainly.com/question/24518056

#SPJ1

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2 years ago