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Harman [31]
4 years ago
11

Suppose that demand decreases and supply decreases. What would you expect to occur in the market for the good? a. Equilibrium pr

ice would increase, but the impact on equilibrium quantity would be ambiguous. b. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. c. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. d. Both equilibrium price and equilibrium quantity would increase.
Business
1 answer:
Nikitich [7]4 years ago
4 0

Answer:

c. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.

Explanation:

When the demand decreases along with the decrease in supply, obviously the equilibrium quantity will also decrease, to match the level of supply and demand.

But the price cannot be fairly estimated as because the supply is decreased the prices shall increase for equilibrium but as the demand has also decreased the prices shall decrease in order to match the equilibrium.

Thus, the price is ambiguous but definitely the quantity shall stand decreased for equilibrium.

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________________ economy is an economy in which most economic decisions result from the interaction of buyers and sellers in mar
ikadub [295]

Answer:

The correct answer to the following question will be "Mixed economy".

Explanation:

A Mixed economy is described in different ways as an economic structure that combines elements of markets along with the elements of socialist economies, free markets with state expansionism, or private enterprise with the social sector.

The key characteristics of the mixed economy are as follows:

  • The co-existence of the public and private sectors.
  • Private Sector Policy.
  • Reduction of wealth and income inequalities.
  • The motive of concern for business.

It's an economy where most decisions related to economic derive from the engagement between sellers and buyers in markets, but for which the government plays an important role throughout the distribution of resources.

Therefore, a Mixed economy is the right answer.

5 0
4 years ago
The curve that shows the relationship between the sales price and quantity sold is called the:__________
Vinvika [58]

The curve that shows the relationship between the sales price and quantity sold is called the: demand curve.

The call for a  demand curve is a graphical representation of the relationship between the price of an excellent or carrier and the quantity demanded for a given time frame. In a standard representation, the rate will seem on the left vertical axis, the amount demanded on the horizontal axis.

A demand curve is a graph that shows the amount demanded at every rate. every now and then the demand curve is likewise referred to as a demanding agenda because it is a graphical illustration of the call for schedules.

The demand curve can be a critical device to apply while corporations make pricing decisions. this is because the call for a curve can show the price point where the purchaser responsiveness drops, as well as the fee point that elicits the very best demand.

Learn more about the demand curve here:

brainly.com/question/16790743

#SPJ4

5 0
1 year ago
Although _________ tend to have high predictive validity in many types of jobs, their usage in employee selection is controversi
goldenfox [79]

Answer:

Cognitive ability test

Explanation:

Cognitive ability test are test used in measuring applicants cognitive function in specific areas. Areas may include verbal reasoning, numerical reasoning, quantitative reasoning, spatial reasoning and so on. They are aptitude test used in predicting the the applicant future aptitude position. It is a method employed by many corporations in non applicant selection. However, the cognitive test has been shown to always results in lower selection of minorities both racial and ethnicity wise.

7 0
3 years ago
If the goal is to cut the total amount of smoke in half in the neighborhood, what isthe cost-effective way to do this?
Darya [45]

Answer:

He should ask nieghbors to stop

Explanation:

Because asking nice is not a bad reason

4 0
3 years ago
After listening to your office mate describe her frustrations with a team that can't agree on how to approach the task the clien
ser-zykov [4K]

Answer:

Answer is deep-level diversity

Explanation:

deep-level diversity is having difference in psychological traits such as decision making styles which the team experiences

7 0
3 years ago
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