Answer: the market supply to shift inward, driving the equilibrium price higher.
Explanation:
An increase in input prices will result into a rise in the production costs. This will result in a leftward shift of the supply curve.
Therefore, the market supply will shift inward, driving the equilibrium price higher. This simply means that there will be lesser supply of the product and hence, increase in price.
You can download the answer here. Link below!
bit.ly/3fcEdSx
Answer: $15,450
Explanation:
The inventory cost of the car is every cost that was incurred to get it to the car dealer and ready for sale.
Total inventory cost assigned is:
= Cost of car + transportation-in + shipping insurance + car import duties
= 14,000 + 250 + 300 + 900
= $15,450
Who is that? I can’t say I’ve heard that name before.