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Sedaia [141]
3 years ago
12

Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the

supply curve shifts more than the demand curve. As a result:________
a. both the equilibrium price and quantity of MP3 players will decrease.
b. the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
c. the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
d. the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.
Business
1 answer:
Ratling [72]3 years ago
5 0

Answer:

The correct answer is the option D: the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

Explanation:

First of all, the supply and demand curves are the graphical representation of the price and the quantity demanded and supplied respectively in each case. Moreover, in the graphic when both curves are in equilibrim that means that there is a single point in where the price and the quantity are established together for the market. Furthermore, when there is a shift of any curve that point will be changed so when there is a shift in the demand curve to the right the price will increase and the quantity will increase but if there is a shift in the supply change to the left and that shift is greater then the price will increase but the quantity will decrease.

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A country currently has a population of 100 million and an annual growth rate of 3.5 percent. If the growth rate remains constan
pogonyaev

Answer:

D. 400 million

Explanation:

Current Population of the country = 100 million

growth rate per year = g = 3.5%

Number of Years = n = 40 Years

Population after 40 year  = ?

To calculate the population after 40 year use following formula:

Population after 40 years = Current year population x ( 1 + growth rate )^ number of years

Population after 40 years = Current year population x ( 1 + g )^{n}

Population after 40 years =  100 million x ( 1 + 0.035 )^{40}

Population after 40 years =  100 million x ( 1.035 )^{40}

Population after 40 years =  100 million x 3.959259

Population after 40 years =  395.93 million

Population after 40 years =  400 million ( Rounded off to nearest hundred )

6 0
4 years ago
A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $62; Sec
DENIUS [597]

The gross profit for the period would be $81.

<h3>What is FIFO?</h3>

According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold. According to FIFO, the inventory still on hand is made up of products that were bought last.

Given that, the company made the first purchase at $62; second purchase at $69, and third purchase at $60.The company sold two units for a total of $212 and used FIFO costing.

Cost price of first two items = $62 + $69

                                           = $131

The company sold two units at $212

Gross profit = $212 - $131

                   = $81

To understand more about FIFO costing refer to: brainly.com/question/11493725

#SPJ4

7 0
2 years ago
A u.s. consumer electronics company has to shut down because it cannot compete against foreign manufacturers. for the u.s., this
Dmitry_Shevchenko [17]
The word to fill the blank space is "Cost".

The cost of universal trade are borne by those organizations and their specialists whose employments are threatened by foreign competitions. Some residential organizations may lose piece of the overall industry to outside organizations, hindering their productivity and capacity to make employments. Other firms may confront so much foreign competition that they're driven bankrupt altogether.
6 0
3 years ago
What are cashiers checks required for
ziro4ka [17]
Cashiers are required for handling cash and scanning an object a customer buys. 
5 0
4 years ago
Suppose that when the price of a good falls from $12 to $9, the quantity demanded of that good rises from 310 units to 350 units
Snowcat [4.5K]

Answer:

The approximate price elasticity of demand between these two prices is

- 0.42

Explanation:

In this question ,we use the formula of price elasticity of demand which is shown below:

Price elasticity of demand = Percentage change in quantity demanded ÷ Percentage change in price

where,

Percentage change in quantity demanded is calculated by

= New Quantity - Old quantity ÷ New Quantity + Old quantity

= 350 - 310 ÷ 350 + 310

= 40 ÷ 660

= 0.06060

Percentage change in price is calculated by

= New price - Old price ÷ New price + Old price

= 9 - 12  ÷ 9 + 12

= - 3 ÷ 21

= - 0.14285

Now put these values over the above formula

So, the answer is = 0.06060 ÷  - 0.14285 = - 0.42

Hence, the approximate price elasticity of demand between these two prices is - 0.42

3 0
4 years ago
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