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2 years ago

Why do countries trade?

Business

1 answer:

Helen [10]2 years ago

8 0

Answer:

Most of the time it's simply for goods another country has that they don't.

Explanation:

Back around 1500 china traded with places like Europe, Africa and other parts of Asia simply for different spices and resources.

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what situation is occurring if a 1 percent decrease in price results in more than a 1 percent increase in quantity demand?

Mekhanik [1.2K]

Demand is price elastic, is occurring if a 1 percent decrease in price results in more than a 1 percent increase in quantity demand.

<h3>What is price elastic?</h3>

Price elastic of demand means the measurement of the product's demand with respect to its price.

It is common that if the price of a product will increase, the demand will fall, but some products demand fall more than other products, which is measure by price elastic in demand.

Thus, the correct option is demand is price elastic.

Learn more about demand is price elastic.

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3 0

1 year ago

A supply curve has equation q equals 4 p minus 24 ⁢ comma where p is price in dollars. A dollar-sign 3 tax is imposed on supplie

emmasim [6.3K]

Answer: $New supply equation = Qs= 4P - 36$

Explanation: A supply equation shows us the mathematical relationship between quantity supplied and the price of the good. Since price and supply are positively related, P must carry a positive sign in the supply equation.

Given, supply is Qs=4P - 24

P is the price paid by consumers in the market.

When a $3 tax is levied , price sellers receive becomes P-T = P - 3

So, the new supply equation will be

$Qs= 4 (P-3) - 24 Qs= 4P - 12 - 24 Qs= 4P - 36$

5 0

3 years ago

Which factor can boost business opportunities in Virginia?

o-na [289]

Answer:

Which factor can boost business opportunities in Virginia?

Re-branding

Well packaged advertorials

discount sales

promo sales

improve content quality

price reduction

Explanation:

4 0

2 years ago

Marigold Corp. has begun and ending raw materials inventories of $64000 and $80000, respectively. If direct materials used were

blondinia [14]

Answer:

The answer is $126,000

Explanation:

Please find the attached file for the calculation.

7 0

3 years ago

A corporation can earn 7.5% if it invests in municipal bonds. The corporation can also earn 8.40% (before-tax) by investing in p

Lostsunrise [7]

Answer:

A tax rate of 10.71% should make both both indifferent for investors.

Explanation:

the municipal bonds are income-tax free so we should solve for the tax rate which makes both bonds equaly attractive.

0.075 = after-tax rate

0.084 = pre-tax rate

$pre-tax (1- t) = after-tax\\0.084 (1-t) = 0.075\\1 - t = 0.075 \div 0.084\\t = 1 - 0.075 \div 0.084\\t = 0.10714285$

A tax rate of 10.71% should make both both indifferent for investors.

4 0

2 years ago

Why do countries trade?​

Why do countries trade?