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spayn [35]
3 years ago
11

Assume that consumers' incomes and the number of sellers in the market for good A (a normal good) both decrease. Based upon this

information we can conclude, with certainty, that equilibrium:
Business
1 answer:
Vadim26 [7]3 years ago
4 0

Answer:

Quantity will Increase

Explanation:

As we know that when market is in equilibrium so the demand curve should be intersected the supply curve. At the time when there is an increase in suppliers so supply curve shift rightward due to which the consumer income would increase and this result in more demand. So the demand could be shift in rightward

So here the price should be the same but the quantity is increased

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4. Read the scenario below and explain to the
erik [133]

Answer:

Whaa happened frann lol

Explanation:

8 0
2 years ago
Veltri Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.77 direct labor
olasank [31]

Answer:

Total direct labor cost= $122,752

Explanation:

Giving the following information:

Each unit of output requires 0.77 direct labor-hours.

The direct labor rate is $11.20 per direct labor-hour.

Production budget:

October= 7,100 units

November= 6,900 units

Minimum hours= 5,480 hours

First, we need to determine the number of hours required for each month.

October= 7,100*0.77= 5,467 hours

November= 6,900*0.77= 5,313 hours

Direct labor budget:

October= 5,480*11.2= 61,376

November= 61,736

Total cost= $122,752

3 0
3 years ago
How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic fi
SSSSS [86.1K]

Through promoting intra-industry trade, a country can increase levels of competition and the range of products produced in an industry with only one or two local enterprises producing a good. International trade for goods produced by the same business is known as intra-industry trade.

According to the idea of economies of scale, production costs often decrease as output scale increases. When it makes it possible for one or two large producers to supply the entire country, it becomes particularly important to international trade. A way to maintain consumer choice and competition while combining economies of scale-driven lower average manufacturing costs is through international trade.

#SPJ4

5 0
1 year ago
A fast-food restaurant serves the student community within a university campus. The restaurant newly introduces pocket-friendly
MissTica

Answer:

These are the options for the question:

A. Segmentation

B. Cannibalization

C. Market penetration

D. Product bundling

And this is the correct answer:

B) Cannibalization

Explanation:

Cannibalization occurs when a newly introduced product reduces the market share of previous products.

In this case, the pocket-friendly combo meals have effectively made the rest of the menu unattractive to customers, it has cannibalized the other meals.

This effect is refer to as cannibalization, because as the original meaning refers to a hostile act withing the same species, in marketing, this effect occurs among products within the same company.

4 0
3 years ago
John discovered his company's accountant was "skimming" money from the business. The accountant agreed to pay John a one-time pa
Pani-rosa [81]

Answer:

There are no options listed, but what I can tell you for sure is that John's actions were both unethical and illegal.

What John did is unethical because it is not moral and it goes against all the principles that guide professional conduct. John also did something illegal because he was an accomplice in committing fraud against the company. He knowingly benefited from the accountant's illegal actions, and that is basically the legal definition of an accomplice to a crime.

8 0
2 years ago
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