Answer:
If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.
Explanation:
If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price. If demand decreases and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price. If demand remains unchanged and supply increases, a surplus occurs, leading to a lower equilibrium price.
Answer:
Following are the responses to the given question:
Explanation:
Answer:
Explanation:
The problem requires excel work so that is why the below picture is attached for good explanation and I hope it helps you. Thank you.
Answer:
$140,430
Explanation:
A company estimated 3% of the printers sold will be returned under the warranty of 2 Years at an average cost of $151.00 each.
The company sold 31000 printers in the Month of November. So, at the time of sale (in the month of November) the company estimated 3% of 31000 printers i.e 930 Printers will be returned under warranty of 2 Years at a cost of $151.00 each. So, the company incurred the warranty cost/expense in month of November is;
930 Printers X $151.00 = $ 140430.00