1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna71 [15]
3 years ago
13

A new tool manufacturer opened a plant in town three months ago and hired 3000 new employees. People now have extra cash to spen

d and are out spending in the town. What is an example of how this extra money may shift the demand curve for goods and services in the town
Business
1 answer:
never [62]3 years ago
8 0

Answer:

the extra money causes a 50% increase in IPhone sales.

Explanation:

One example would be that the extra money causes a 50% increase in IPhone sales. Therefore this higher income is shifting the demand curve for IPhones upwards due to the number of individuals purchasing the product. If individuals come into more money than they need to survive it is usually spent on luxury goods/services. This creates a demand for these goods and services that did not exist at the same level previously. This increased demand is what curves the demand curve upwards.

You might be interested in
Candy's chocolates inc. is a confectionary company that manufactures only one product. unlike its competitors, the firm does not
jarptica [38.1K]

They are using an undifferentiated strategy.

This means that they ignore different market segments (age, gender, income, location, etc) and use the same strategy for all groups.

3 0
3 years ago
What is the relationship between insurance and successful financial management? Why is insurance important?
Mila [183]
Insurance is important because you are insuring items or things that mean something to you, or to protect others,insurance can help in case any accidents happen and you <span>couldn’t get that item back.</span>
4 0
4 years ago
Read 2 more answers
Which of the following would shift the long-run aggregate supply curve right? a. both an increase in the capital stock and an in
Nostrana [21]

Answer:

b. an increase in the capital stock, but not an increase in the price level.

Explanation:

In order to understand both short-run economic fluctuations and how the economy movement from short to long run, we need the aggregate supply and aggregate demand model.

An increase in the capital stock, but not an increase in the price level would shift the long-run aggregate supply curve right.

The long-run aggregate supply curve would shift rightward when immigration from foreign countries rises or technology improves.

When the price level rises, the wealth effect and the interest-rate effect provide incentives for consumers to spend less. The price level of goods and services in an economy influences the exchange rate, imports and exports

7 0
4 years ago
A senator from a state with several steel-rod factories explains that it is necessary to impose trade restrictions, such as a ta
Sergio [31]

Answer:

Jobs argument

Explanation:

-The national-security argument states that some industries have to be protected by imposing tariffs to maintain the local production in case of a war.

-The unfair-competition argument says that the domestic market has to be protected when there is unfair competition because companies from other countries are subject to different regulations.

-Using-protection-as-a-bargaining-chip argument states that the threat of imposing a restriction can help to eliminate a restriction that was imposed by another country.

-Infant-industry argument says that new industries have to be protected because they don't have economies of scales that their competitors from others countries have.

-The jobs argument claims that the trade with other countries eliminates the local jobs.

According to this, the answer is that the senator is using the jobs argument to argue for the trade restriction on steel rods because he claims that it is necessary to impose those restrictions to protect the workers from losing their jobs.

8 0
3 years ago
If a customer is reluctant to try a new product because he would have to change his normal every day behaviors, the company is m
Hatshy [7]
If a customer is reluctant to try a new product because he would have to change his normal every day behaviors, the company is most likely facing a usage barrier.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Select the items below that are examples of things that could use the smart card
    8·1 answer
  • The most common way that businesses exercise community responsibility is through
    9·1 answer
  • On which group will a progressive tax place a greater tax burden?
    15·2 answers
  • The reason polygamy occurs relatively infrequently is that: select one:
    11·1 answer
  • You sell Jessica a current up-to-date rental list and provide all the proper disclosures and paperwork. Jessica contacts you 15
    5·1 answer
  • Joe, the owner of ABC Electronics, just discovered that his trusted friend Paul, his accountant for over 30 years, has been mish
    14·1 answer
  • Kacchan whats a Bakudeku?????
    11·2 answers
  • Use the following information for Jake Company: Sales Revenue .......................................... $2,000,000 Interest/Div
    14·1 answer
  • Let's assume a project has high up-front costs, and high benefits that occur far into the future. If the project uses a lower in
    10·1 answer
  • Assuming a 360-day year, proceeds of $48,750 were received from discounting a $50,000, 90-day note at a bank. The discount rate
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!