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s2008m [1.1K]
3 years ago
6

New technology lowering the costs of production will cause the equilibrium price to ______________ and the equilibrium quantity

to _____________.
a. decrease; increase
b. increase; increase
c. increase; decrease
d. decrease; decrease
Business
2 answers:
charle [14.2K]3 years ago
8 0

Answer:

The answer would be A, Decrease, Increase.

Explanation:

New technology lowering the costs of production will cause the equilibrium price to decrease and the equilibrium quantity to increase.

New technologies are introduced in the organizations in order to do the tasks quickly and efficiently. With the introduction of new tech in the production process, if cost of production decreases, then the organization can make more profits with the same price and quantity. Also, the organization can lower the prices to attract more consumers. The equilibrium quantity also increases due to the introduction of advanced production technologies.

lisabon 2012 [21]3 years ago
5 0
I believe the answer is A. <span>decrease; increase
</span><span>lowering the costs of production means that the company could still obtain the same amount of profit while reducing the price on the market.
Due to the development of technology, the production process will become more efficient, which lead to an increase of total quantity of the products on the market.</span>
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Bridges, shopping centers, and other jobs that take months or years to complete and involve the work of many are called Project

What is project?

A project is any endeavour that is carefully planned to accomplish a specific goal, whether it is done alone or with others. It may also involve research or design.

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2 years ago
You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the cu
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Answer:

The change should you expect in operating cash flows next year would be 19.60%

Explanation:

In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:

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change should you expect in operating cash flows=2.8*0.07

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4 years ago
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