Answer:
Supply curve shifts to the left.
Explanation:
It is know that Florida is the biggest orange producer in America, when a hurricane rips through Florida, there is no change in demand, so the demand curve remains unaltered. As for the supply curve, the hurricane is likely to destroy orange crops causing a shortage in supply which corresponds to a shift to the left by the supply curve.
The answer is: supply curve shifts to the left.
Answer:
True
Explanation:
Intel is a major computer hardware supplier in the world, and its friend Microsoft buys hardware parts from them which it uses in manufacturing computers such as processor chips.
In respect to the bargaining power of suppliers in Porter's five forces model of industry competition, Intel acts as a supplier to Microsoft. And because of Intel's bargaining power like its market dominance and limited competitors, it can set prices which the–Microsoft has no choice but to purchase.
Answer:
C
Explanation:
Inflation is a persistent rise in general price level
Rise in Inflation rate = 220 / 200 - 1 = 10%
Rise in tuition fees = 115 / 100 - 1 = 15%
From the calculations, the percentage change in tuition fees is higher than the percentage change in inflation rate
The interest earnings one gives up to hold more liquid assets are an opportunity cost.
What does a business' potential cost entail?
An opportunity cost illustration.
Opportunity cost is, to put it simply, what a business owner loses out on when choosing one course of action over another. It is a method for quantifying the advantages and dangers of any choice, resulting in more effective decision-making in general.
The opportunity cost of keeping money at home is Rs. 2000 per year as opposed to keeping it in the bank. As an easy example of opportunity cost, let's say a person has Rs. 50000 in his hand and has the choice to keep it with him at home or deposit it in the bank, which will yield interest of 4% annually.
Learn more about opportunity cost.
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