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andreyandreev [35.5K]
3 years ago
12

A decrease in demand, with supply constant, results in a(n)

Business
1 answer:
riadik2000 [5.3K]3 years ago
4 0

Answer:

The correct answer is decrease in equilibrium price and a decrease in equilibrium quantity.

Explanation:

The supply being constant, a decrease in demand will cause the demand curve to shift to the left while the supply curve will remain the same.

The new demand curve will intersect the supply curve at a lower point. This rightward shift in the demand curve will cause both the equilibrium quantity as well as the equilibrium price to fall.  

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TUMI brand briefcases are very expensive, high-end briefcases that are generally sold in specialty luggage shops. Which of the f
myrzilka [38]

Answer:

B. Executives

Explanation:

Option E is wrong. Students do not need high-end briefcases for school or other tasks.

Option D is incorrect. Postal workers do not need any expensive briefcases to carry postal service and letters.

Option C is false. Construction workers cannot afford expensive briefcases.

Option A is not correct. Police officers have not necessary to have those briefcases.

Option B is correct. Executives often need high-end briefcases to keep essential things with them. They can also afford expensive bags.

7 0
3 years ago
Whole Nature Foods sells a gluten-free product for which the annual demand is 5000 boxes. At the moment it is paying $6.40 for e
prisoha [69]

Answer:

the answer is =32291.67.

The firm should take the advantage of the new quantity as the total cost is lesser as compared with the  old supplier. the firm can save $340 by approximately taking the advantage of the new quantity discount.

Explanation:

Solution

Given that:

The Annual demand D = 5000 boxes

The Cost C = $6.4 per each box

The Carrying cost H = 25% of the unit cost = 0.25*6.4 = 1.6

The ordering costs S = $25.00

Now,

EOQ =√2DS/H

EOQ =√(2*5000 * 25)/1.6

Thus,

EOQ =Q = 395.28

The Total cost = DC + (Q/2)H + (D/Q)S

= 5000*6.4 + (395.28 /2) 1.6 + (5000/395.28)25

Then,

T = 32000 + 316.23 + 316.23

= 32632.46

So,

The new supplier has offered to sell the same item for the amount of  $6.00 if Q = 3,000 boxes

Hence,

The total cost = 5000 * 6 + (3000/2)1.5 + (5000/3000)25

= 30000 + 2250 + 41.67

= 32291.67

Therefore, The firm should take the  advantage of the new quantity as the total cost is lesser as compared with the  old supplier. the firm can save $340 by approximately taking the advantage of the new quantity discount.

7 0
3 years ago
Chav has taken her employees for a team-building lunch. The final bill is $92.50. How much should Chav leave for a 20% tip?
Shtirlitz [24]

Answer:

  • <u>$18.50</u>

Explanation:

To calculate the<em> tip</em> you must multiply the bill by the percentage and divide by 100.

This is:

  • Tip = % tip × final bill / 100

  • Tip = 20% × $92.50 / 100 = $18.50 ← answer

Then, Chav should leave $18.50 for a <em>20% tip.</em>

Also, notice that when you receive the bill you should find the total before taxes and calculate the tip over such total without taxes.

In this problem, you are only given the final bill, then you cannot discriminate the value of the meal as such so you use the total value of the bill.

7 0
3 years ago
The federal funds rate is the interest rate on _____, and it is controlled by the _____.
LUCKY_DIMON [66]
The federal funds rate is the interest rate at which private depository institutions (mostly banks) lend balances (federal funds) at the Federal Reserve to other depository institutions. reserves that banks lend to each other; Federal Open Market Committee 
4 0
3 years ago
"Reginald greets and chats with his regular customers every morning when they come in for coffee. He offers them tastes of anyth
coldgirl [10]

Answer:

spread positive word of mouth

Explanation:

Reginald knows his regular customers create repeat business and spread positive word of mouth. This means that the repeat customers leave happy and tell their friends about the great experience they had at Reginald's restaurant. This creates enthusiasm in the repeat customers' friends which in term causes them to go to Reginald's business and try the food. This creates more repeat customers and increased profitability for Reginald's business.

4 0
3 years ago
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