Answer:
Equilibrium price will remain the same and equilibrium quantity would increase.
Explanation:
- When supply is perfectly elastic, suppliers are willing to sell any quantity demanded at a given price (in the graphic attached P*).
- If the population increases, tipically demand of every product would increase (included oil demand).
- Then, if demand increases (from Demand 0 to Demand 1 in the graph), the equilibrium quantity would increase, but prices remain the same because of supply elasticity.
High taxes in theory would slow the economy because they redirect money from the private sector to the government and reduce consumption.
<h3>How do high taxes slow the economy?</h3>
The economy grows when the private sector produces more and grows. High taxes will take money from this sector which would leave less cash for growth investment.
High taxes also reduce the amount that people have for consumption which would reduce Aggregate demand.
Find out more on Aggregate Demand at brainly.com/question/1490249.
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The correct option is C (1836)
<u>Explanation:</u>
From the given data, all the frims with the given market share are taken. the 8 more firms are taken into account which have 1 percent market share. Thsu, 8 is multiplied with 1 pecent of share.
All the square roots are calculated in order to calculate the HHI
HHI = Summation of sqrt Si
= (36)^2 + (3)^2 + (3)^2 + (6)^2 + (16)^2 + (6)^2 + (4)^2 + (7)^2 + (11)^2 + 8(1)^2
= 1836
Therefore, the correct answer is C (1832)
An acquisition occurs when one firm buys another firm, with the aim of making it its subsidiary.
Answer:
a. a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP
Explanation:
During a recession, the aggregate demand is the first to decrease. As a result of lower demand, inventories will increase resulting in an increase in the aggregate supply. Recessions tend to decrease inflation, which results in lower price levels and an overall decrease in real GDP. Recessions will continue until the aggregate demand increases again, increasing the aggregate supply.