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
Firlakuza [10]
3 years ago
11

Label each of the following scenarios with the correct combination of price change and quantity change. In some scenarios, it ma

y not be possible from the information given to determine the direction of a particular price change or a particular quantity change. We will symbolize those cases as, respectively, "P?" and "Q?".
a. On a hot day, both demand for lemonade and supply of lemonade increase.

b. On a cold day, both demand for ice cream and the supply of ice cream decrease.

c. When Hawaii's Mt. Kilauea erupts violently, the demand on the part of tourists for sightseeing flights increases but the supply of pilots willing to provide these dangerous flights decreases.

d. In a hot area of Arizona where they generate a lot of their electricity with wind turbines, the demand for electricity falls on windy days as people switch off their air conditioners and enjoy the breeze. But at the same time, the amount of electricity supplied increases as the wind turbines spin faster.
Business
1 answer:
ZanzabumX [31]3 years ago
5 0

Explanation:

Classifying of each situation with the correct combination of change in price and quantity:

a. On a hot day, both demand for lemonade and supply of lemonade increase - Pp? Q increase

b. On a cold day, both demand for ice cream and the supply of ice cream decrease -  Pp? Q decrease

c. When Hawaii's Mt. Kilauea erupts violently, the demand on the part of tourists for sightseeing flights increases but the supply of pilots willing to provide these dangerous flights decreases- P increase Qq?

d. In a hot area of Arizona where they generate a lot of their electricity with wind turbines, the demand for electricity falls on windy days as people switch off their air conditioners and enjoy the breeze. But at the same time, the amount of electricity supplied increases as the wind turbines spin faster - P decrease Qq?

You might be interested in
Interest rates and the price of old or existing bonds are a. directly related. b. independent of each other. c. inversely relate
STALIN [3.7K]

Answer:

Option C, “inversely related” is the correct answer.

Explanation:

Option “C” is the correct answer because if the interest rate on the bonds falls then its demand rises. Thus, its rising demand will derive up the price of bonds. If the interest rate rises then the demand for bonds will fall and this will reduce the price of bonds. Therefore, this condition shows the inverse relationship between the interest rate and bond price

7 0
3 years ago
What does the prefix re mean in the word reunited?
sukhopar [10]

Answer:

b. Again

Explanation:

8 0
3 years ago
Read 2 more answers
You are considering a car loan with a stated APR of 5.42​% based on monthly compounding. What is the effective annual rate of th
Anon25 [30]

Answer:

The effective annual rate is 5.57%

Explanation:

The interest rate that is actually earned or paid on investment or loan including the compounding effect over a given period of time. It is also known as rate.

Effective interest rate = [ ( 1 + r/m )^m ] - 1

Effective interest rate = [ ( 1 + 5.42%/12 )^12 ] - 1

Effective interest rate = [ ( 1 + 0.0542/12 )^12 ] - 1

Effective interest rate = 0.055567 x 100

Effective interest rate = 5.5667% = 5.57%

6 0
3 years ago
In the field of personal selling, persuasion:
asambeis [7]

Answer:

d. Is an acceptable strategy once a need has been identified and a suitable product has been selected.

Explanation:

A face to face selling of a product directly to business is one of the best example of personal selling e.g. cars, photocopier, office equipment etc.

5 0
3 years ago
A share of common stock just paid a dividend of $1.00. if the expected long-run growth rate for this stock is 5.4%, and if inves
solong [7]
It's 16.282. ok I don't think for sure though
7 0
3 years ago
Other questions:
  • Paige Company estimates that unit sales will be 10,300 in quarter 1, 12,600 in quarter 2, 14,600 in quarter 3, and 18,800 in qua
    9·2 answers
  • urrently, the unit selling price of a product is $260, the unit variable cost is $210, and the total fixed costs are $640,000. A
    6·1 answer
  • A new building is to be constructed for a company and a fast connection between client and server systems within the building sh
    13·1 answer
  • Tara and her parents want to save at least $40,000 for college in 8 years. Which statement describes the most effective savings
    15·2 answers
  • The amount of oil that is economically feasible to extract from a deposit using current technology is known as ______ oil reserv
    9·1 answer
  • The purpose of the general journal is to show accounting events in their __________ sequence.
    5·1 answer
  • .Universal Containers users a Hybrid Sharing model where Accounts and Contacts are Read Only and Opportunities and Cases are pri
    7·1 answer
  • In the month of March, Baldwin corporation received orders of 169 units at a price of $15 for the product boat. Baldwin uses the
    11·1 answer
  • Accurate Metal Company sold 39,000 units of its product at a price of $390 per unit. Total variable cost per unit is $196, consi
    5·1 answer
  • If the cpi was 240 in year 1 and 245.1 in year 2, what is the inflation rate between year 1 and year 2?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!