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scoundrel [369]
2 years ago
7

California wildfires destroy vineyards across the Napa Valley. This is during the season when wine festivals occur most often al

l over the country. Demonstrate the effect of these events on the equilibrium price and quantity of wine.
Business
1 answer:
vladimir2022 [97]2 years ago
3 0

Answer:

As a result of the wildfire, supply would fall. there would be a leftward shift of the supply curve.  the quantity supplied of wine would reduce and price would increase

as a result of the festival, there would be an increase in demand. this would lead to an outward shift of the demand curve. Thus, the quantity demanded would increase and price would increase

taking these two effects together, there would be an indeterminate change in equilibrium quantity and equilibrium price would increase

Explanation:

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What is the difference between a natural and a manufactured fiber? How might you use each one
Arte-miy333 [17]

Answer:

While manufactured fibers are manmade using materials like glass, metal, and plastic, natural fibers are processed and prepared for market without the use of any environmentally destructive synthetic filler fibers.

Explanation:

4 0
2 years ago
In the bicycle industry, the feel of high-end bicycles when they are ridden is important. As a serious rider becomes accustomed
Anestetic [448]

Answer:

b. Product Customization

Explanation:

In the bicycle industry, the feel of high-end bicycles when they are ridden is important. As a serious rider becomes accustomed to a particular bicycle, it is very difficult for that rider to switch to an alternative supplier. This is an example of product differentiation through product customization. Product customization can be defined as it is the process where company tailor each and every single product according to the needs and wants of every single individual customer. Every customer can customize each and every single feature and option present in the product according to his or her desire. For example, when you but Dell laptop from their web store, you can customize your laptop where you can select processor, model, screen, speakers, keyboard, hard drive, motherboard of your own choice.

7 0
3 years ago
A credit card company advertises an APR of 15.3% compounded daily. What is the effective interest rate? Round your answer to two
Yuliya22 [10]

Answer: 16.53%

Explanation:

Given the following :

Annual percentage rate(r) = 15. 3% = 0.153

n = number of compounding periods in a year

p = number of compounding periods rate is required for

Number of days in a year = 365 = n

p = 365

Effective interest rate (E) is given as :

E = [( 1 + (r / n) )^p] - 1

E = [(1 + (0.153 / 365)) ^365] - 1

E = [ (1 + 0.0004191) ^365] - 1

E = [1.0004191^365] - 1

E = 1.1652876 - 1

E = 0.1652876

Effective Interest rate = (0.1652876 × 100)%

Effective interest rate = 16.53%

4 0
3 years ago
Quantity Demanded Price ($)
Aleksandr-060686 [28]
The wine bottle is $200 so the demanded price would be 210! Hope this helps.
5 0
3 years ago
Storm Windows Company understated their ending inventory during their first year of operations by $2,000. What is the effect of
SIZIF [17.4K]

Answer:

$2000 understatement of net income

$2000 overstatement of costs of goods sold

Explanation:

In the production process raw materials are inputted in the process, these are converted to work in process, and finally to finished goods.

The finished goods are now sold to the customer.

Since the amount of inventory was understated the balance must be moved from finished goods inventory to finished goods inventory.

The income earned will be understated because inventory will be short of $2,000 and also income will be short by this amount.

Cost of goods sold will be overstated with $2,000 because cost will be allocated to fewer goods, therefore it will be higher per item.

3 0
2 years ago
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