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Archy [21]
3 years ago
6

Assume that tea and lemons are complements and that coffee and tea are substitutes. An effective price ceiling on coffee would c

ause the _____ curve for lemons to shift _____. Hint: You will need to take a minute to think through this question. You can do it! Think about what is happening in all 3 markets (tea, lemons, coffee). Also, consider how much of each item is actually being exchanged.
Business
1 answer:
givi [52]3 years ago
3 0

Answer:

An effective price ceiling on coffee would cause the demand curve for lemons to shift to the left.

Explanation:

An effective price ceiling results in lower prices, increased demand, and shortages. Since tea and lemons are complement, a decrease in the price of coffee (substitute of tea) would result in a decrease in the demand for lemons (complement of tea). This means that the demand curve for lemons will shift to the left.

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Identify and explainthe benefits and problems associated with high economic growth
frozen [14]

Answer:

Kindly check explanation

Explanation:

High economic growth is usually the aim of several economic policies whichnmost countries try to employ. The reason for this is no other than the numerous benefits attached to it which includes;

Increase in GDP : With growth in the economy of a country, trading within and outside these countries will rise, leading to increase in revenue earned and hence, the gross domestic product. This will pave the way for :

Infrastructural development : The development of infrastructure and standard society will be on the horizon as the economy grows. There is enough capital to embark on infrastructural development which will serve the populees

Other benefits include ; Trade and investment opportunities ; Increase in foreign direct investment and employment level will increase.

High economic growth also has it's drawbacks which include ;

Higj Immigration level ; Businesses and individuals are always on the lookout for areas with good investment opportunity in which an high income society is usually a main target. With increasing immigration, overcrowding may result.

Also, Investment cost may begin to rise, coupled with increase in foreign investment influx, the local market may be at risk of being able to compete.

5 0
3 years ago
The United States imposes a tariff on electronics imported from China. Which would be a result? China stops marketing all produc
Paraphin [41]
1)The price from the electronics from China goes up
2)People might start buying domestically made electronics because of cheaper prices.
5 0
3 years ago
Read 2 more answers
Maria Martinez and her sister, Christina, are planning to operate a small day care center in a remodeled building. They've obtai
Maurinko [17]
The correct answer would be D. Limited Partnership
7 0
3 years ago
A trader enters into a short forward contract on 100 million yen. The forward exchange rate is$0.0090 per yen. How much does the
Helen [10]

Answer:idk

Explanation:idk

3 0
3 years ago
Tucker's Trucking is considering a project with a discounted payback period just equal to the project's life. The projections in
attashe74 [19]

Answer:

Total units will be 8845 units

So option (E) will be the correct option

Explanation:

We have given fixed cost = $81000

Operating cash flow = $16300

Let there are x units

We know that operating cash flow = Revenue - cost

So $16300=27\times x-16\times x-81000

11x=97300

x = 8845 units

So option (E) will be the correct option

6 0
2 years ago
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