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pshichka [43]
3 years ago
11

The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good

and a lower quantity traded. What change would have caused this?
A) The demand curve moved to the left.
B) The demand curve moved to the right.
C) The supply curve moved to the left.
D) The supply curve moved to the right
Business
1 answer:
aev [14]3 years ago
4 0

Answer:

C) The supply curve moved to the left.

Explanation:

A supply curve shift to the left due to a reduction in the quantity supplied to markets. When the market is at equilibrium, a decrease in supply will likely to create a shortage. Buyers will compete to buy the few available items at the price that suppliers will demand. Suppliers will take advantage of the " increase " in demand to raise prices.

A reduced supply means that the quantity available in the market decreases. At equilibrium, the quantity supplied matches demand, but when supply decreases, the quantity supplied also decreases.

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Based on the operant approach, the bonus that SkyBlue is offering for employees who hit certain goals is considered a(n) Contingent reward. This is further explained below.

<h3>What is a Contingent reward.?</h3>

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2 years ago
Thomas co. sold $1,000 worth of merchandise on a bank credit card less a 3ee. the entry to record the sales transaction would in
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The amount of the sales transaction would include a debit to cash is $970.

<h3>How is the percentage determined?</h3>
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So: 160 x 25% = 160 (25/100) = 160 x 0.25 = 40

This is so that the cash sum received will be equal to the sales values multiplied by one less the credit card fee.

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