Answer:
Equilibrium quantity will increase; Equilibrium price is ambiguous.
Explanation:
If the government removes a tax on the production of beer then as a result the producers of beer will increase their production level and this will increase the supply of beer in an economy. Therefore, there is a rightward shift in the supply curve of beer.
Simultaneously, the students are ready to party in the new quarter which indicates that the demand for beer increases. This will shift the demand curve for beer rightwards.
As a result of these shift in the demand curve and in the supply curve of beer, the equilibrium quantity of beer increases and the effect on equilibrium price of beer is ambiguous because that will be dependent upon the magnitude of the shift in the demand and supply curve.
Answer:
c. Revenue is increased.
Explanation:
Cash Received in advance from customer for future services will be a liability it will increase the assets as increase in cash, increase the liability as unearned revenue and increase in cash flow from operating activities as cash received from as customer. So c. Revenue is increased. does not correctly reflect the transaction.
<u>Answer:</u> Option C decrease; decrease
<u>Explanation:</u>
When the income tax rate increases the people would have to spend more on paying taxes which reduces their income eventually. When the income is reduced the demand will also decrease and this in turn would decrease the supply of the goods.
The aggregate demand and supply curve will also shift to the left. The economic growth of the country will also slow down when the aggregate demand and aggregate supply decrease. This is due to the decreased consumer spending in the country.
The cost per mango is $1.50. This is because if you divide 3 by 2 you'll get 1.5. Divide 2 by 2 and you'll get 1. This will make the equation 1.5/1. This basically means for 1 mango it costs 1.50.
Answer:
The statement which indicates that the student nurse need further teaching is as follow:
- We can't believe in other people as we just have to focus on ourselves.
Explanation:
- The statement of the student nurse is against the Covey's eight characteristics of effective leaders as some of characteristic are mentioned here as:
- Believe in other people
- Showing positive attitude and energy
- Remain Engaged in lifelong learning
- As the student hasn't learned the first characteristic of believing in other so she need more teaching.
