1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elena L [17]
2 years ago
12

Assume there is a simultaneous decrease in the incomes of people in the market for new homes and a decrease in the wages paid to

carpenters, plumbers, and electricians. All else constant, we can predict, with certainty, that in the market for new homes the equilibrium:
Business
1 answer:
ioda2 years ago
4 0

Answer:

Lower price for new houses.

Explanation:

The decrease in the income of people will decrease the demand for houses and the demand curve will shift leftwards. Meanwhile, the decrease in the wages for carpenters, plumbers, etc will decrease the cost of production so the producer will supply more when the cost of production decreases. So supply curve will shift rightwards. Resulting there will be lower prices due to shifts in the leftward demand curve and rightward supply curve.

You might be interested in
Which of the following policies is the government most inclined to use when faced with a positive externality? Group of answer c
In-s [12.5K]

Answer:

subsidies

Explanation:

Subsidies refer to financial aid for some specific purpose and to some specific category as decided by the government. As for the instance the government can provide subsidy in the form of house to poor people in the country.

Now here the rich people can afford their own houses and that they can pay the taxes as well which are attached to the the houses, which provide extra benefit to the poor, as the government can provide the subsidy then more efficiently.

The positive externalities increase the benefits for every citizen.

4 0
3 years ago
Your supervisor has come to you with the following list of expenditures for the year and is asking you whether they should be ca
Trava [24]

Answer:

Capitalized Expenditures:

2. Added a new wing onto the office building.

5. Had an engine rebuilt in one of their fleet cars.

Explanation:

Capitalization is the process of delaying the full recognition of an expense for the acquisition of a new asset with long-term life so that the costs can be treated as an expense gradually over its useful life through an accounting method known as depreciation or amortization.

The criteria for capitalizing expenditure depend on whether the expenditure is necessary to bring the asset to the condition and location where it can be operated as desired by the management.  It must also meet the threshold amount set by management for capitalization.  This is because some assets can be used for more than one year and still they are not regarded as capital assets.  Example is a stapling machine that costs less than a dollar.

6 0
3 years ago
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for
marysya [2.9K]

Answer: 40 pounds

Explanation:

Given the following :

Ordering cost = $10 / order

Carrying cost = 4 cents per pound per day

Cost of pepperoni = $3 per pound

Daily demand = 20 pounds

Order quantity = 80 pounds

Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as

Average inventory level is given as :

Order quantity / 2

80 pounds / 2 = 40 pounds

6 0
3 years ago
An economy is operating at an output level below potential real GDP. If the government wishes to use fiscal policy to bring the
Ganezh [65]

Answer:

The answer is B. increase its spending.

Explanation:

Fiscal policy is a tool used by the government of every nation to control its economy. It uses its spending and revenue (tax) to control it.

When the economy is operating at an output level below potential real GDP, it means there are low activities in the economy i.e reduced households' consumption, reduced business investments and reduced government spending.

Government can stimulate the economy (which will increase real GDP) by increasing its spending in all areas.

Increasing taxes will reduce GDP because households' consumption will reduce due to lower disposable income and business investments too will reduce.

Option A and D are wrong because money supply is a monetary policy.

7 0
3 years ago
Freedom of enterprise Multiple Choice in a market system means that entrepreneurs can obtain and use economic resources without
Zina [86]

Answer: allows businesses, within broad limits, to choose what goods to produce

Explanation:

Free enterprise also referred to as the free market is a form of economy whereby prices, services and products, are determined by the market, and not the government. In free enterprise, the susinesses and services are free from the control of the government.

Things that are free means they are unconstrained, while a business means an enterprise. Therefore, the free enterprise is an economy whereby the businesses are free from the control of the government.

8 0
3 years ago
Other questions:
  • The ls ____ option can be used to provide a long listing for each file in a certain directory
    8·1 answer
  • When people engage in activities that help others, their brain releases endorphins, the brain’s natural opiates, which induce in
    5·1 answer
  • Prepare traditional and contribution margin income statements (Learning Objective 6) The Willowick Ice Cream Shoppe sold 8,700 s
    9·1 answer
  • An appliance store carries a specialty model of microwave ovens. The demand for the microwave oven is relatively constant at 250
    15·1 answer
  • Assume the Macro Islands can produce 25 fishing boats or 150 jars of guava jelly in one hour. The Micro Islands can produce 30 f
    6·1 answer
  • Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:____________
    6·1 answer
  • Which of the following statements is correct?a. The role of Finance is to use the numbers developed through accounting to aid in
    8·1 answer
  • If a company uses straight-line depreciation, the annual average investment can be calculated as: (Check all that apply.)
    8·1 answer
  • A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two in
    5·1 answer
  • If the required reserve ratio
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!