It would not fall at all. Monopolists own the entire industry meaning the consumers have no alternatives. If they have no alternative they have no choice but to buy even if the price increases
Answer:
D) it presumes there will be economic gains even if output does not become internationally competitive
Explanation:
The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.
Answer:
c rose by 3 percent.
Explanation:
Real income is nominal income less price level changes.
Real income = nominal income - changes in price level
4.6 % - 1.6% = 3%
I hope my answer helps you
The term which describes the shipping who directly supplies from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs is "Drop Shipping."
<h3>What is drop shipping?</h3>
When a vendor creates a website & sells items that they do not maintain in stock, this practice is known as drop-shipping.
Some key features of drop shipping are-
- A third party, such as a manufacturer, another store, or a wholesaler, receives an order from the seller and ships the products straight to the customer.
- A rapidly spreading trend involves online middlemen who charge you more money by keeping the difference between both the wholesale and prices.
- Although drop-shipping is not prohibited, there is a lot of potential for issues and abuse on the part of both customers and sellers.
- Following an online purchase, the drop-shipping company sends the ordered item directly to the consumer.
- It provides both big and small businesses with a way to source goods, earn some extra cash, and free up some storage space.
To know more about drop shipping, here
brainly.com/question/13959949
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Answer:
d. $7,000.
Explanation:
The computation of the loss recorded due to asset impairment is shown below:
= Book value - fair value
= $35,000 - $28,000
= $7,000
If we consider the building and the patent we see that the estimated cash flows are more than the book value, so no loss on impairment should be taken place
Therefore, only $7,000 should be recorded as a loss on impairment of the asset
