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salantis [7]
4 years ago
12

If both supply and demand decrease simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is

_____________. A. lower; lower B. lower; indeterminate C. indeterminate; higher D. indeterminate; lower
Business
1 answer:
Artyom0805 [142]4 years ago
6 0

Answer:

Option (D) is correct.

Explanation:

If there is a fall in both the supply and demand for a commodity then as a result there is a leftward shift in both the curves. This leftward shift in both the curves, decreases the equilibrium quantity and impact of this shift is indeterminate for equilibrium price because we don't know the magnitude of the shifts of demand and supply curve.

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Noelke Industries had a Raw Materials Inventory account balance of $27,388 on June 1. During the month of June, Noelke had the f
lawyer [7]

Answer:

this is messing with my brain lol but i got -493,579?

Explanation:

5 0
4 years ago
Are the costs related to the product that have to be paid regardless of the amount you sell.
coldgirl [10]

Answer:

C) Variable costs

Explanation:

7 0
3 years ago
Taylor Company had a salaries payable balance of $18,000 on December 31, 2014. During 2015, it paid $50,000 in cash as salaries,
Flura [38]

Answer:

$18,000

Explanation:

Given data  for Taylor Company;

Salaries payable at the beginning of 2015 (end of 2014) = $18,000

Salary expense during the year (2015) = $50,000

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Salary payable at end of year (2015) = ?

Let the salary payable at end of year= S

Using the formula

Salaries payable at the beginning of the year + Salary expense during the year - Salaries paid = Salary payable at end of year

$18,000 + $50,000  - $50,000  =S

S = $18,000

Salaries payable as at December 31, 2015 is $18,000.

8 0
3 years ago
The invention of what product skyrocketed the popularity of pecan pie?
Nezavi [6.7K]

Answer:

Karo Syrup

Explanation:

Karo Syrup is delicious on Pecan Pie

3 0
3 years ago
Which of the following is a disadvantage of barter as a countertrade arrangement?
Wittaler [7]

Answer:

(C). Firms engaged in barter run the risk of having to accept goods they do not want or cannot use.

Explanation:

Countertrade is a trade system in which goods and services are exchanged for other goods and services.

Barter is a type of countertrade where money isn't involved. Only goods and services are exchanged between participating parties.

<em>A disadvantage of barter is that, in the absence of required goods, a firm may have to accept the goods the other firm is offering even though it doesn't need or cannot use those goods at that point in time. </em>The firm could resell the goods later.

5 0
4 years ago
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