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
Leno4ka [110]
3 years ago
6

Consider the market for orange juice. Suppose two events occurred last week. During the course of this past week, the price of o

ranges (used in the production of orange juice) decreased. At the same time, the price of coke (a substitute for orange juice) doubled. What are the likely effects of these TWO events on the equilibrium quantity Q* and price P* of orange juice
Business
1 answer:
True [87]3 years ago
8 0

Answer:

these two events would lead to an increase in equilibrium quantity and have an indeterminate effect on equilibrium price

Explanation:

As a result of the decrease in the price of oranges which is use in the production of orange juice, there would be a rightward shift of the supply curve for orange juice. A a result,  the supply of orange juice would increase and price of orange juice would fall

Substitute goods are goods that can be used in place of another good.

The doubling of the price of coke would lead to a decrease in the demand for coke and an increase in the demand for orange juice. This would shift the dead curve for orange juice to the right. As a result,  both equilibrium price and quantity increases

these two events would lead to an increase in equilibrium quantity and have an indeterminate effect on equilibrium price

You might be interested in
On January 1, DogMart Company purchased a two-year liability insurance policy for $32400 cash. The purchase was recorded to Prep
aleksley [76]

Answer: $1,350

Explanation:

The insurance is for 2 years but has to be apportioned monthly on account of the Accrual basis in Accounting where expenses will only be recognized when they are incurred.

The expense to be recorded for the first month will therefore be:

= 32,400 / 24 months

= $1,350

4 0
3 years ago
Is it possible to make homogeneous shopping product into a heterogeneous shopping product? think about flat-panel televisions an
schepotkina [342]
No. I think it is not possible
3 0
3 years ago
Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true?a. During an eco
kenny6666 [7]

Answer:

Statements "A" is true.

Explanation:

During a financial recession and a cynical domain, the yield spread between government securities and corporate securities could be higher than during great monetary occasions. This is because the grounds that during a recession, corporate securities would convey more hazard, (for example, higher default chance) than during great monetary occasions. To make up for this extra hazard, financial specialists would request more returns.

5 0
3 years ago
Two carpenters at a cabinet company are interested in receiving a raise in salary. Matt has worked for many years at the company
son4ous [18]

Answer:

C.

Explanation:

Jason will get the raise because even though he is new he works hard like he's been there for years. Matt will not get it because even though he has worked there for a while he doesn't do his job good.

Explanation:

5 0
2 years ago
Read 2 more answers
Striking apparels has launched its new stock of summer wear. it plans to target shoppers between the ages of twenty and thirty t
const2013 [10]

Answer:

The answer is marketing.

Explanation:

Marketing is commonly defined as efforts to buy, advertise, distribute, and sell a product or service.

It is clear from the description in the question that Daniel works in the department since he is responsible to market Striking Apparel’s new products based on the target shoppers through social media and email marketing efforts such as sending out promotional emails and messages.  

3 0
3 years ago
Other questions:
  • A firm sells two products, Regular and Ultra. For every unit of Regular the firm sells, two units of Ultra are sold. The firm's
    6·1 answer
  • Suppose that a delivery company currently uses one employee per vehicle to deliver packages. Each driver delivers 60 packages pe
    15·1 answer
  • Maria's initial project budget was increased from 16,000 to 18,000 . What was the variance from the initial budget
    15·1 answer
  • Danny is working to provide food, clothing, and shelter for his family. This is an example of which function of a family?
    15·1 answer
  • Schmid Corporation issues​ $450,000, 12%, 5minusyear bonds on January​ 1, 2019 for​ $439,000. Interest is paid semiannually on J
    6·1 answer
  • Tim, a single taxpayer, operates a business as a single-member LLC. In 2018, his LLC reports business income of $394,000 and bus
    14·1 answer
  • The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, whil
    8·1 answer
  • In 2015, the country with the highest GDP per capita in the world was
    7·2 answers
  • True or False: Market segmentation is the process of dividing the market into groups of customers based on their needs, wants, a
    12·1 answer
  • Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!