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ELEN [110]
3 years ago
6

If the supply of a good increased, what would be the effect on the equilibrium price and quantity?

Business
1 answer:
kakasveta [241]3 years ago
5 0

Answer:

An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.

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In economics, all of the following are included among the three main uses of money EXCEPT:
Anestetic [448]
The answer is B, which is weight of gold. I say this because money is used as a means of exchange, that is; it is used to get goods.
  Money is also used to store value because if you pay for something, you value it more. 
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4 0
4 years ago
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A monopolist produces a. more than the socially efficient quantity of output but at a higher price than in a competitive market.
irina [24]

Answer:

B

Explanation:

First, a monopoly produce less than the socially efficient quantity because as the figure shows, the quantity produced is determined by the intersection between the marginal cost curve (MC) and the marginal revenue curve (MR) and not by the intersection between the MC and the demand. For instance, there is a deadweight loss (shown by the figure).

Second, equilibrium price is always higher than in a competitive market because is always higher than the MC. The price is determined by the equilibrium quantity (found before) and the demand. Also, there are barries to entry and so monopolist have always price control.

4 0
4 years ago
Help with this please
leva [86]
The answer for your problem is a
8 0
3 years ago
Which of the following types of organization development interventions involves attracting good people, setting goals, and appra
4vir4ik [10]

Answer:

A. human resources management intervention

Explanation:

Human resources interventions are oriented in the way of managing people in the more effective an efficient way. The typical responsibilities of human resources are of handling recruiting, hiring, performance, compensation, benefits, and career development.

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3 years ago
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Because Country A has no domestic sources of wood, it imports all its wood from wood-producing countries. If the price of wood i
mars1129 [50]

Answer:

C Housing prices in Country A will increase as wood imports become more expensive.

Explanation:

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