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
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.

You might be interested in
Which aspect of Bantu civilization was most affected by iron technology
Oduvanchick [21]
Bantu civilization was most affected by iron technology in weaponry, when they developed iron weapons around 400 AD which they used against hostile tribes to conquer them as they migrated allowing them a transition from being nomads to settlers. 
8 0
2 years ago
Read 2 more answers
Which of the following statement is INCORRECT? a.bone is where most blood cells are made.
Natalka [10]
C. Bone is a dry non-living supporting structure
5 0
2 years ago
Read 2 more answers
A fashionable young woman intent on enjoying herself and
vivado [14]

Answer:

flapper

Explanation:

4 0
2 years ago
What does The New Mexico water code clearly indicate?
luda_lava [24]

Answer:

All surface water belongs to the public and permits are needed.

Explanation:

i gotchu

8 0
2 years ago
2) Files are transcribed in:
Anarel [89]

Answer:

D I believe

Explanation:

4 0
2 years ago
Read 2 more answers
Other questions:
  • How was a railroad paid in private or public ?
    11·1 answer
  • Materially enslaved examples (this is religion)
    13·2 answers
  • The War of 1812 has been called the “Second
    6·2 answers
  • Select all that apply.
    7·2 answers
  • How has the Internet affected modern America?
    13·2 answers
  • Define the term iron curtain
    7·1 answer
  • Which statement best describes Athens’s military? Both men and women served in the military. Though they served, women did not l
    12·1 answer
  • Canada has voters, a legislature, prime minister, and judicial branch.
    13·2 answers
  • Which three characteristics describe feudalism?
    7·2 answers
  • Why was the transfer of power after the election 1800 significant?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!