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borishaifa [10]
3 years ago
10

4. Suppose the supply of apples sharply increases because of perfect weather conditions throughout the growing season. Assuming

no change in demand, explain the effect on the equilibrium price and quantity of apples. Explain why the quantity demanded increases even though demand does not change.
Business
1 answer:
koban [17]3 years ago
7 0

Answer:

Apples supply increase imply new equilibrium at lower price, higher quantity. Demand downwards expansion on the curve itself is due to lower price.

Explanation:

Market is at equilibrium where Market Demand = Market Supply, & downward sloping  demand curve intersects upward sloping demand curve.

If supply of apples increase & supply curve shifts rightwards, there is Excess Supply at previous equilibrium. Excess Supply creates competition among sellers, reduces new market price.

At lower price, demand expands & supply contratcs. New Equilibrium quantity is higher where new (rightwards shifted) supply curve intersects demand curve.

Quantity demanded increases (expands - downwards movement on demand curve) due to lower price, despite of no change in demand.

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Rienzi Farms grows sugar cane and soybeans on its 600 acres of land. An acre of soybeans requires 3 hours to plant and brings in
mezya [45]

Answer:

133 acres of sugar cane

and 300 of soybean provide a profit of $ 733,000

Explanation:

We setup the fromulas and use excel solver:

labor hours:  3 x sugar acres + 4 x soybean <= 1,600

profit  = 1,000 x sugar acres + 2,000 soybean

with the restriction soybean <= 300

                 SOLVER  

              acres          hours             PROFIT

sugar cane 133  x 3 = 399       x 1,000 =    133,000

soybeans 300  x 4 = 1,200           x 2,000 =<u>  600,000  </u>

                                                  TOTAL           733,000

6 0
3 years ago
Can anyone join my quiz<br><br> code in explanation
Bezzdna [24]

Answer:

huh

Explanation:

where is it? I cant find it

7 0
2 years ago
Gary mails an offer to Brian on June 15. Brian receives the offer on June 16. Gary mails a revocation of the offer on June 17. B
hammer [34]

Answer:

Yes. Contract formed on June 18.

Explanation:

A contract is an agreement between two interest parties that has rights and obligations attached to them.

The fact that Brian mails a letter of acceptance on June 18 entails that an agreement has been reached.

Thus the date of the Contract is June 18.

7 0
3 years ago
The date of record for cash dividends is
Sedbober [7]
<span>Date of record is the date the corporation records which stockholders get dividend checks.
</span>
So the answer is B
<span />
5 0
3 years ago
he annual interest on a $9000 investment exceeds the interest earned on a $1000 investment by $534. The $9000 is invested at a 0
Nadya [2.5K]

Answer:

The interest on investment of $9000 and $1000 is 5.41 % and 4.81% respectively.

Explanation:

Let i be the interest rate on $ 9000 investment, then

9000i + 1000(i -0.006) = $ 535

10,000i = 541

i = 5.41 % on investment of $ 9000.

than on  $1000 investment interest = 5.41-0.6 = 4.81 %

4 0
3 years ago
Read 2 more answers
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