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valentina_108 [34]
3 years ago
10

When both supply and demand shift to the left, the equilibrium Group of answer choices quantity is indeterminate. price always f

alls. quantity always falls. price always rises. quantity always rises.
Business
1 answer:
BabaBlast [244]3 years ago
5 0

Answer:

quantity always falls

Explanation:

In the case when the supply and the demand shifted to the left so the equilibrium would price would not be determined also the equilibrium quantity would decline or fall

So according to the given situation, the third option is correct as it shows the quantity fall situation i.e. considered and relevant too

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Clarifying the issues of a problem is the _____ step in the problem solving process.
solmaris [256]

Answer:

hii there

The correct answer is option ( A )

8 Step Problem Solving Process

Step 1: Define the Problem. What is the problem?

Step 2: Clarify the Problem.

Step 3: Define the Goals.

Step 4: Identify Root Cause of the Problem.

Step 5: Develop Action Plan.

Step 6: Execute Action Plan.

Step 7: Evaluate the Results.

Step 8: Continuously Improve

Explanation:

Hope it helps

have a nice day

8 0
3 years ago
A local restaurant has estimated that the price elasticity of demand for meals is equal to 2. If the restaurant increases menu p
algol [13]

Answer:

Explanation:

ed= 2 , Price increase by 5%.

Elasticity of Demand = % Change in Quantity demanded/ % change in price

% change in quantity demanded = 2*5%=10%

Since, the elasticity > 1 and price has decreased, the total revenue will decrease. The impact of price change on Total revenue is based on the relationship between elasticity of demand and Total revenue.

Thus, there will be 10% fall

4 0
3 years ago
Ardel Co. budgeted to sell 218,000 units of Zbox in September. Production of one unit of Zbox requires two pounds of aluminum an
FromTheMoon [43]

Answer:

207,000

Explanation:

Data provided

Sold units = 218,000

Ending inventory = 13,000

Opening units = 24,000

The computation of units during September is shown below:-

Number of units manufactured during the year = Sold units + Ending inventory - Opening units

= 218,000 + 13,000 - 24,000

= 231,000 - 24,000

= 207,000

Therefore for computing the number of units manufactured during the year we simply applied the above formula.

6 0
4 years ago
Diversification can reduce or eliminate _______ risk.
makkiz [27]

Answer:

B

Explanation:

Diversification reduces portfolio risk by eliminating unsystematic risk for which investors are not rewarded. Investors are rewarded for taking market risk. Because diversification averages the returns of the assets within the portfolio, it attenuates the potential highs and lows

7 0
3 years ago
Read 2 more answers
A company purchased an asset for $3,600,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The d
suter [353]

Answer:

$266,760

Explanation:

According to the problem, calculation of the given data are as follows,

Purchase value =  $3,600,000

Depreciation for 1st year = 33.33%

Depreciation for 2nd year = 44.85%

Depreciation for 3rd year = 14.81%

So,  Book value = Purchase value × ( 1 - depreciation of all years)

By putting the value we get,

Book Value = $3,600,000 × ( 1 - 33.33% - 44.45% - 14.81% )

= $266,760

6 0
3 years ago
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