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
skelet666 [1.2K]
3 years ago
13

There will be a higher equilibrium price and lower quantity if _____.

Business
1 answer:
iragen [17]3 years ago
4 0

Answer:

Supply decreases

Explanation:

Equilibrium is a balanced scenario where demand matches supply. At equilibrium, both sellers and buyers are happy with the current price. The market has no excess demand or supply or demand.

A decrease in supply while demand stays constant results in many customers competing for the few products in the market. There will be scarcity because the supply cannot satisfy demand. The supply curve shifts outwards or to the right resulting in a new and higher equilibrium point. The price will increase while the quantity supplied declines.

You might be interested in
What is a source of financial vulnerability for people in late adulthood?
nlexa [21]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Below are the choices that can be found elsewhere:

a)   Gambling
   b)   Reliance on fixed income
   c)   Poor investments
<span>   d)   Cost of living
</span>
The answer is B which is Reliance on fixed income

5 0
3 years ago
The __________ perspective of management, which emerged from the Industrial Revolution, focuses on improving the efficiency, pro
BartSMP [9]

Answer:

classical or scientific

Explanation:

Classical or scientific management was developed by Frederick Taylor, Max Weber and Henri Fayol. It focused on material needs. Companies needed to improve profits by improving productivity and efficiency, while workers were supposed to be only motivated by the salary that they could earn. This theory has a lot of flaws, but you must remember that it was developed more than 100 years ago.

8 0
2 years ago
Opening up an economy during a pandemic has costs and benefits. Which of the following is most likely the opportunity cost of op
Nimfa-mama [501]

Answer:

hey what's up pick me up at took your picture a picture pick a picture

Explanation:

why you phone number give me phone number Chen. I will call you you married

4 0
2 years ago
亚裔歧视+见死不救=美国 亚裔歧视+见死不救=美国
pishuonlain [190]

----------------------,,,,<em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em><em>-</em>

7 0
2 years ago
Suppose Russia produces only trucks and cars. The resources that are used in the production of these two goods are not specializ
seraphim [82]

Answer:

Remains constant

Explanation:

Since the same set of resources are useful in producing both cars and trucks, it shows that resources are not specialized hence Russia has a straight line PPC. A straight line (linear) PPC connotes constant returns to scale. In this case, resources are mobile and can easily be reallocated and redirected from the production  of one good to another thus, opportunity cost is constant and so is the marginal rate of transformation (MRT). The MRT is the number of units or amount of a good that must be foregone in order to attain one unit of another.  If Russia decides to produce more cars and fewer trucks, the resources deployed in producing more cars would be well suited as the resources already used in car production. The opportunity cost in producing each additional unit of car remains constant as more cars are produced.

The slope of a linear PPC determines the marginal rate of transformation; that is, a flatter slope would mean producing more cars requires trading-off fewer trucks while a steeper slope would mean that producing more cars requires trading-off more trucks.

8 0
2 years ago
Other questions:
  • 10. Describe at least three steps you should take after finding out that your credit card was stolen.
    15·2 answers
  • As an analyst at Delta Airlines, you are asked to help the operations staff. Operations has identified a new method of loading b
    9·1 answer
  • Soar incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
    13·1 answer
  • The _[blank]_ and _[blank]_ work to create spaces that are better for the environment as well as healthier for people.
    8·1 answer
  • Which of the following journal entries is recorded correctly and in the basic format? a. Salaries and Wages Expense 550, Cash 1,
    10·1 answer
  • A bond issue with a face amount of $400,000 bears interest at the rate of 8%. The current market rate of interest is 9%. These b
    5·1 answer
  • When changes to taxes and spending occur in the economy without explicit action by the central government, such policy is: 
A. C
    13·1 answer
  • Mr. and Mrs. Jones are purchasing a summer home in a new resort development. The house is completely equipped, and the buyers ha
    7·1 answer
  • Gregg Company uses the allowance method for recording its expected credit losses. It estimated credit losses at three percent of
    8·1 answer
  • Early access to medical care, from ems through reperfusion, improves overall outcomes by:________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!