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Dimas [21]
3 years ago
8

When a change in the supply and demand occur within a market, the effect on the new equilibrium market price or quantity can be

determined. However, without information on the relative size of these shifts, both price and quantity cannot be determined. Match the supply and demand changes to the outcome that is known about the new equilibrium in the market for pizza, where pizza is a normal good and cheese and dough are inputs. consumer income rises; pizza dough decreases in price consumer income falls; pizza dough decreases in price consumer income falls; cheese increases in price consumer income rises; cheese increases in price price decreases; output uncertain______price increases; output uncertain_____output decreases; price uncertain______output increases; price uncertain_____.
Business
1 answer:
ZanzabumX [31]3 years ago
5 0

Answer:

consumer income rises; pizza dough decreases in price

⇒ output increases; price uncertain

  • higher consumer income results in higher prices
  • but decrease in the price of inputs results in lower prices
  • both result in higher output

consumer income falls; pizza dough decreases in price

⇒ price decreases; output uncertain

  • both result in lower prices
  • falling consumer income result in lower output
  • decrease in the price of inputs results in higher output

consumer income falls; cheese increases in price

⇒ output decreases; price uncertain

  • both lower output
  • falling consumer income decreases price
  • increase in price of inputs increases price

consumer income rises; cheese increases in price

⇒ price increases; output uncertain

  • both increase price
  • rising consumer income increase output
  • increase in price of inputs decreases output

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why would it be inefficient for a producer to start producing audio cassettes instead of CD'S today? what resources would be was
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3 years ago
The supply curve represents​ ___________. A. the maximum price buyers are willing to pay to buy an extra unit of a good. B. the
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Answer:

The answer is: C) The minimum price sellers are willing to accept to sell an extra unit of a good.

Explanation:

A normal supply curve should move upward from left to right. The expresses the Law of Supply: (given that all other factors remain without change) As the price of a product increases, the quantity supplied should also increase.

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An ounce of gold costs right now $1,500 and 100 ounces of gold are being traded right now at that price. If a new buyer comes in and wants to buy the 101th ounce of gold, then following a normal supply curve, the new buyer would need to pay more for that extra ounce of gold, maybe $1,510.

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3 years ago
Jane Westerlund owns a picture-framing store, The Caplow Co. The average price she receives for a framed picture is $120. This p
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Answer:

this would cause total costs to Increase and the break-even quantity to Increase.

Explanation:

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Advertising expense before adjustments are at $500. The cost of advertising does not vary with the sales quantities therefore this is a fixed cost.

Therefore an Increase in the advertising expense causes an increase in Total cost figure.

Break even quantity is a function of Fixed Costs divided by Contribution per unit.The break even quantity will definitely change. By increasing the fixed costs (<em>Advertising Expense</em>), the Break even quantity will increase.

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Answer:

<u><em>A.</em></u>

<u><em>The loan will be set for a given range, and the bank will establish a rigid payment plan</em></u>

Explanation:

Hope this helps:)

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