Answer: 860
Explanation:
The gross domestic product is the value of the goods and services which are produced in a particular country from the year.
In this question, we are informed that we should calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the marginal prospensity to consume is 0.75.
The GDP loss will be calculated as:
= [(0.75 × 9.8)/100 × 10,000] + 125
= [(7.35/100) × 10000] + 125
= [(0.0735) × 10000] + 125
= 735 + 125
= 860
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.
Learn more about equilibrium price hear :
brainly.com/question/14903710
#SPJ4
Answer/Explanation:
<u>Raymond Corporation </u>
Inventory $ $
B/F 250,000
Add: Goods shipped to customers
on Dec. 29, 2021 8,000
Goods on consignment Dec. 31, 2021 <u>35,000
</u>
<u>293,000</u>
Less: Goods shipped/in transit on
Dec. 26, 2021 50,000
Goods shipped to customers on
Dec. 29, 2021 <u>8,000</u>
<u>58,000</u> <u>(58,000)
</u>
<u>235,000</u>
Raymond Corporation Inventory as at Dec. 31, 2021.
<u></u>
Answer:
The correct answer is letter "A": A monopoly.
Explanation:
A monopoly occurs when one company is the sole or nearly sole provider of a good or service within an industry. This potentially allows that company to become powerful enough to prevent competitors from entering the marketplace leading to limited consumer choice, higher prices, and limited response to customers' concerns.
Labor force – all nonmilitary people who are working and unemployed.
Employed – 16 years or older and come across one of these requirements:- They work as a minimum one hour for pay within the past week.
- They worked 15 hours or more hours deprived of pay in a family business, such as a farm.
- They apprehended jobs but did not work because of illnesses, vacations, labor disputes, or bad weather.
Unemployed – people who do not come across the said criteria are tallied as unemployed or they are temporarily out of work.