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monitta
3 years ago
5

In the short run, a supply shock will _________ the equilibrium level of prices and ___________ the equilibrium level output. re

duce;raise raise;raise reduce;reduce raise;reduce
Business
1 answer:
Taya2010 [7]3 years ago
5 0

Answer: raise; reduce

Explanation:

A Supply shock is described as a situation where the supply of a good changes suddenly/ abruptly due to an unforeseen event.

Supply shocks can be positive but are usually negative so we will assume the supply shock is negative here.

If there is a negative supply shock, the amount of goods being produced will reduce abruptly which will force the supply curve to shift left.

It will then intercept the the demand curve at an equilibrium level that has a higher price and a lower quantity of output.

Think of it this way. Negative supply shock ⇒ less goods ⇒ scarcity ⇒ higher prices.

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Releasing more information, in a common-value auction is a. ​Good for the bidders because it reduces the risk that they face b.
neonofarm [45]

Answer:

d. ​Both A&B

Explanation: Auction is a term used in the field of marketing or trading of goods where bidders are allowed to make bids(amount which they intend to pay for a given product) the Product can either be an Artwork or other goods like furniture,Cars, clothes etc.

A common value auction is a type of auction where certain information about the value of a product are available to some bidders and other sets of bidders have other information about the value.

DISPLAYING INFORMATION ABOUT A COMMON VALUE AUCTION IS GOOD FOR THE BIDDERS AS IT REDUCES THE RISK THEY FACE ESPECIALLY BEFORE BUYING THE PRODUCT AND FOR THE AUCTIONEER AS IT HELPS TO ATTRACT MORE BIDDERS.

3 0
2 years ago
a. Balance sheet accounts are arranged into ______ general categories. b. Common Stock and Dividends are examples of ______ acco
tresset_1 [31]

Answer:

a. Three (3).

b. Equity.

c. Liability.

d. Asset.

e. Account.

Explanation:

a. Balance sheet accounts are arranged into three general categories. These are asset, liability and equity.

b. Common Stock and Dividends are examples of equity accounts.

c. Accounts Payable and Note Payable are examples of liability accounts.

d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of asset accounts.

e. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

8 0
3 years ago
Genetically modified soybean seed is an example of a new technology that has increased productivity. as a result, this new techn
Y_Kistochka [10]
I believe the answer is <span>lowered; increased
Due to the new technology in Genetically modified soybeans, the company would need less workers to grow the product and would fasten the process of growing the product into having certain desirable traits.
This will lower the total production cost and increase total productions/supply of the product.</span>
3 0
3 years ago
The advantages of litigation are that it is private, quicker and less costly than alternative dispute resolution. True False
Aneli [31]

False

Explanation:

  • With litigation issues they don't get private, because every one can go to the court and will have knowledge of the dispute resolution process.

  • It is not always quicker also, it sometimes could take even more than a year before there will be a ruling over the dispute by the court. Mostly appealing to the court by both parties makes the resolution longer.

  • It is costly also, in terms of both time and money, a lawyer will have to be hired if the firm or individual doesn't have one and up and down transportation to and fro the court is all costly.

#learnwithbrainly

8 0
3 years ago
KylaKyla is buying clothesclothes. She can choose between blue jeansblue jeans​, khaki pantskhaki pants​, and black jeansblack j
cupoosta [38]

Answer:

B. The khaki pants

Explanation:

Opportunity cost is the benefits forfeited as a result of choosing one item or activity over the other.  It the value of the next best alternative of choice made.

Opportunity costs arise because people have to make choices every day. Choosing an item over others implies sacrificing the benefits of the others. The value or cost of the sacrificed item represents the opportunity cost.

Khaki pants are the opportunity cost. Kyla is comfortable with either blue jeans or khaki pants. He does not like black jeans. His alternatives are khaki pants or Blue jeans. Choosing blue jeans implies forfeiting khaki pants. The khaki pants are the best alternative that was missed.

7 0
3 years ago
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