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nalin [4]
3 years ago
12

If the equilibrium quantity demanded for a new sports watch is 900 truckloads of watches, and the equilibrium price is 70 then a

drop in the price of watches to 40
History
2 answers:
dexar [7]3 years ago
7 0

Answer:

It will not create a shortage, It will increase demand for those watches.

Reason:

If you see something you really want for $70, and there is a price drop to $40 tell me you wouldn't buy it for almost half off. The other guy doesn't understand Economics

Please like this answer if you feel like I've helped you out.

inna [77]3 years ago
6 0

A drop in the price of watches to 40 will generate a shortage in this market.

At the price of 40, more consumers would be willing to buy the sports watch than before. Therefore, the quantity demanded will end up exceeding the amount supplied and there will be customers who are not able to purchase the product. The amount demanded would grow over the quantity demanded in the former equilibrium scenario (900), while the quantity supplied would be located below the previous equilibrim quantity, hence, under 900.

If this situation in not adjusted it may lead to the proliferation of a parallel black market where consumers can satisfy their unfulfilled needs.

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Hatshy [7]

A communist, fascist, totalitarian dictatorship government is :

A government that practices the doctrine of public ownership, forcefully suppress opposition and critics while totally controlling all commerce and industry in the region or country.

<h3>Describing  A communist, fascist, totalitarian dictatorship government</h3>

A government that does not allow the expression of basic human rights such as the right to association, right to freedom and right to life while discouraging private ownership of business for profit, is a communist, fascists, totalitarian government.

This kind of government is headed by a ruthless dictator and certain countries fall within this kind of government.

Hence we can conclude that A communist, fascist, totalitarian dictatorship government is a government that practices the doctrine of public ownership, forcefully suppress opposition and critics while totally controlling all commerce and industry in the region or country.

Learn more about fascist government : brainly.com/question/2429083

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3 0
2 years ago
Why did the British tax its colonists heavily in the years leading up to 1776?
Digiron [165]

Answer:

They needed to pay back their war debts from the French revolution.

Explanation:

6 0
3 years ago
Reasons why england and france would have wanted to find a way northweastern route to asia
rjkz [21]
European rulers from the countries of Portugal, Spain, France, England, and the Netherlands wanted to increase their power by trading silks and spices found in Asia. To achieve their goal, they needed to find a sea route to Asia !!
5 0
3 years ago
Which of these statements is TRUE?
Dafna11 [192]

Answer:

thxs for the points\

Explanation:

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olga nikolaevna [1]

Answer:

Double Jeopardy is the act of putting a person through a second trial of an offense for which he or she has already been prosecuted or convicted. This means that if a person is prosecuted or convicted they cannot be punished again for that criminal act.

6 0
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