With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required.
The equilibrium price will increase as the supply declines, while the quantity needed will go down. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change. Price decreases and quantity increases as supply grows. Price increases and quantity declines cause a drop in supply. The equilibrium price rises if the increase in supply exceeds the increase in demand. The equilibrium price falls if the increase in supply is greater than the rise in demand. Equilibrium quantity rises in both scenarios. The equilibrium price and quantity are impacted by upward movements in the supply and demand curves. The equilibrium price rises but the quantity decreases if the supply curve changes upward, indicating that supply declines but demand remains constant. For instance, pump prices are expected to increase if gasoline supply are reduced.
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Answer:
Per unit total cost $49.00
Explanation:
The per unit total cost is as follows;
Particulars Total Costs Output
High level $21,300 420
Low level $15,300 270
Difference $6,000 150
Unit variable cost 40 ($6000 ÷ 150)
Fixed cost $4,500 ($21,300 - (420 × 40)
)
Total cost at 500 lenses $24,500 ($4,500 + (500*40))
Per unit total cost $49.00 ($24,500 ÷ 500)
Since the tennis rackets and tennis balls are complements,then equilibrium price of tennis balls would decrease and the equilibrium quantity of tennis balls decrease if there is increase in the price of tennis rackets.
<h3>What is Equilibrium price?</h3>
Equilibrium price can be regarded as the point where there is intersection of cost of a product as well as the demand for that product.
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Answer:
c. Jane grandparents cannot claim her as a dependent because Jane provided more than half of her own support.
Explanation:
Based on the information given the statements regarding the dependency rules for Jane that is true is Jane grandparents cannot in any way claim Jane as a dependent reason been that Jane provided more than half of her own support due to the fact that she her s total support for is the amount of $30,000 which as well include a scholarship of the amount of $5,000 to help cover tuition in which Jane used the amount of $12,000 of her savings while her grandparents on the other hand only provided the amount of $13,000 out of the Total support of $30,000.
Answer:
The reserve ratio - The Federal Reserve Bank increases the share of total deposits that banks can legally loan.
The reserve ratio is the percentage of deposits that banks have to keep as reserve and cannot loan. If the fed lowers the reserve ration, it means that banks can loan a higher share of the total deposits that they store.
Open-market operation - The European Central Bank purchases bonds from commercial banks.
In Open-market operations, central banks purchase bonds and other securities in the open market in order to lower the interest rate, or they sell securities in order to raise the interest rate.
The term auction facility - The Federal Reserve requests secret bids from banks for the right to borrow money.
The term auction facility is a program in which the Federal Reserve bids loans under special conditions to bidding banks.
The discount rate - The central bank decreases the rate that it charges to commercial banks for loans.
The discount rate is the rate at which central banks loan money to commercial banks.