Answer:
Decrease, Increase
Explanation:
Equilibrium price is that price in the market, where the quantity of the goods supplied or the service offered is equal to the quantity of the goods demanded. At this point the supply as well as the demand curves in the market intersect.
So, when 2 firms will be entering the market, the economist expect that the equilibrium price will decrease or fall and fall in the price leads to increase in the quantity, so the equilibrium quantity will increase.
According to the regulation of privileges and immunities between states, a citizen of Texas buys a product while visiting a store in California and Pays the California sales tax.
Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber forms. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment.
A product is an item or service sold to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).
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Direct labour rate variance = (3875) unfavourable, Direct labour efficiency rate = (800) unfavourable
<u>Explanation:</u>
<u>Computation of Direct Material Price & Quantity Variance
</u>
Direct Material Purchase - Price variance = (SP minus AP) multiply AQ Purchase ($1.45 minus $1.48) multiply19000 = ($570) Unfavourable
Direc Material Quantity Variance =(SQ-AQ)SP =
((20 multiply600)-10500) multiply$1.45 = $2,175 Favourable
Direct Material Price variance - (SP minus AP)AQ Used = ($1.45minus $1.48) multiply10500 = ($315) Unfavourable
<u>Computation of Direct Labour Rate & Efficiency Variance
</u>
Direct Labour Rate variance = (SR minus AR)multiply AH
= ($8 minus $9.25) multiply3100 = -3875 Un Favourable
Direct Labour Efficiency Variance (SH minus AH)multiply SR
= ((5 multiply 600) minus 3100)multiply8) = -800 Un Favourable