2 years ago

Which situation would increase the scarcity of a product?

Business

1 answer:

Anestetic [448]2 years ago

7 0

Answer:

B. one of only 2 factories that made the product shuts down.

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The total consumer surplus for good X can be calculated in all ways EXCEPT as:

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B. the area bounded by the demand curve for X and the two axes

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In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current

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Compliance (must do) projects.

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2 years ago

On January 1, Year 1, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,

Lelu [443]

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The interest revenue will Savor record in Year 1 on this lease at 9% is $347,697

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3 years ago

When p = $5, the quantity demanded of a good is 30 units, and the quantity supplied of the good is 50 units. For every $1 decrea

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Answer: Equilibrium price is $3 and equilibrium quantity is 40 units.

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$Qd= a-bP When P=$5, Qd=30 30 = a – 5b Change in Quantity demanded = Change in a – (b Change in P) 5 = 0 – b(-1) b=5 So, a = 55$

Therefore the demand equation is given by, $Qd= 55 – 5P$

Supply equation is given by

$Qs= c + dP When P=$5, Qs = 50 50 = c + 5d Change in Quantity supplied = Change in c + d(Change in P) -5 = 0 + d(-1) d=5 So, c=25$

Therefore, the supply equation is given by,

$Qs= 25 + 5P$

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3 years ago

Purchasing a diamond represents ________ because consumeres buy diamonds infrequently and have no estabilished criteria for eval

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Answer: Purchasing a diamond represents <u>Extensive problem solving </u>because consumeres buy diamonds infrequently and have no estabilished criteria for evaluating them

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<u>Extensive problem solving is </u>the process of a customer trying to get all the information they need in order to be able to buy a product . This is likely to occur when the customer is purchasing a product that they have not bought before.

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3 years ago