Answer:
If both demand and supply increase by the same amount, the output level will increase while price will remain same.
If increase in demand is greater than increase in price then price and output both will increase.
If increase in supply is greater than increase in demand, price will decline while output will increase.
Explanation:
The changes in the price and quantity of salsa depending on the degree of change in supply and demand. In case both the variables increase by the same proportion, the price will remain the same while quantity will increase.
In case the increase in demand is more than increase in supply it would cause the price to increase because of excess demand. At the same time, the quantity will increase as well.
In case the increase in supply is more than increase in demand, the price will fall due to excess supply. The output will increase as well.
Answer: Cost of Goods Sold.
Explanation: Cost of goods sold which is considered to be an expense account is a temporary account and they are being closed at the end of the year.
Closing of this account creates an access that lowers the value of the cost of goods some to zero and also helps to make sure the balances match. This is done by transporting the debit balances in the account to a clearing account which is thus called income summary.
Answer:
A.$600
B.$100
C. 0.1
Explanation:
Money supply equals to Currency held by the public + Bank reserves÷ Desired reserve-deposit ratio
Hence:
a. Deposits equal bank reserves ÷ by the desired reserve-deposit ratio
= $100/0.25
= $400.
Money supply = currency held by the public + deposits
= $200 + $400
= $600.
b. Let X = currency held by the public = bank reserves.
Thus money supply equals X +X÷ by the desired reserve-deposit ratio
500= X + 0.25
500 = 5X
X=$500/5
X = $100
Currency and bank reserves both equal $100.
c.If the money supply equals $1,250 and the public holds $250 in currency, then the bank deposits must equal $1,000($1,250-$250).
If bank reserves are $100, the desired reserve-deposit ratio
=100/1,000
=0.1
Answer:
why does oni want to eat laundry soap
If the price of lattes, a normal good you enjoy, falls "<span>both the income and substitution effects lead you to buy more lattes. "
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The income effect expresses the effect of expanded acquiring power on utilization, while the substitution impact depicts how utilization is affected by changing relative wage and costs. Distinctive products and ventures encounter these progressions in various ways.