1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lidiya [134]
3 years ago
5

Recent rains increase the demand for kayaks, as paddlers want to take advantage of the exciting river conditions on the Oconee R

iver. New plastics technology makes kayaks less expensive to make. As a result, one should expect:
a. Equilibrium price to rise, but equilibrium quantity to be indeterminate from the information given.
b. Equilibrium price to fall, but equilibrium quantity to be indeterminate from the information given.
c. Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.
d. Equilibrium price to be indeterminate from the information given, but equilibrium quantity to fall.
Business
1 answer:
Lunna [17]3 years ago
5 0

Answer:

Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.

Explanation:

The recent rains resulted in an increase in demand for kayaks so the equillibrum quantity demanded will rise. Supply will also rise to meet the increased demand.

However we are unable to determine if the price will rise or fall with the given information.

Plastic is cheaper now so kayaks will also be cheaper. On the other hand increase in demand naturally causes an increase in price. So the cheaper price of kayaks will need to be compared with price increases as a result of increased demand to determine if equillibrum price will rise or fall.

You might be interested in
Review your pre and post scores from "Where Are You Now." Did your scores improve? What activities did you complete that facilit
DIA [1.3K]

Answer:

what do you mean did our scores improve, if so, idk yet

3 0
3 years ago
Colorado Traffic laws are revised each year by
algol13
Colorado General Assembly. 
3 0
4 years ago
In 2012 the change in business inventories is -$70 billion and GDP is $200 billion. Final sales in 2012 Group of answer choices
blsea [12.9K]

Answer:

are $270 billion

Explanation:

Change in business inventories in 2012 = -$70 billion

GDP of 2012 = $200 billion

Final sales in 2012 = GDP - Change in inventory

Final sales in 2012 = $200 billion - (- 70 billion )

Final sales in 2012 = $200 Billion + 70 billion

Final sales in 2012 = $270 billion

Hence proved that the correct answer is $270 billion

7 0
3 years ago
The payment of accounts payable would
Tema [17]
Decrease assets, decrease liabilities. Accounts payable are what the business owes (liabilities). By paying off accounts payable, the liabilities are decreasing (they owe less) and the assets are also decreasing (because they use assets/cash to pay off the liabilities, so they have less now).

Hope that helps
3 0
3 years ago
In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is l
Margarita [4]

Answer: Unilateral contract.

Explanation:

A unilateral contract is a contract in which promise to fulfill a requirement is made only in one direction, when only the offeror makes a promise and the offeree is on the receiving end of the promise. In insurance the insurer is the only one who makes a promise while the insured is the one receiving the offer(and can break from the agreement at any time).The insurer is the offeror while the insured is the offeree.

3 0
3 years ago
Other questions:
  • Suppose the demand function​ (D) for golf clubs​ is: Qequals150minus1.00​P, where P is the price paid by consumers in dollars pe
    15·1 answer
  • Identify the type of cash flow activity for each of the following events (operating, investing, or financing): a. Redeemed bonds
    5·1 answer
  • According to the text, why is trade school more
    6·2 answers
  • Replenishment lead time is _________.a. The time between placing an order and receiving the materials. b. The amount of time the
    9·1 answer
  • Inflating your expenses for a company-sponsored conference that discredits the profession is a violation of what ethical​ standa
    11·1 answer
  • A customer has a long stock position that has appreciated greatly in value. It is now October and the customer wants to protect
    6·1 answer
  • Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash
    9·1 answer
  • A company's fixed operating costs are $430,000, its variable costs are $2.10 per unit, and the product's sales price is $6.00. W
    12·1 answer
  • Beam Satellite Network has decided to offer a one-hour appointment window for customers needing installation or repair of its se
    13·1 answer
  • Lakeview Company completed the following two transactions. The annual accounting period ends December 31.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!