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denis23 [38]
3 years ago
14

6 . How shifts in demand and supply affect equilibrium Consider the market for pens. Suppose that the number of students with an

allergy to pencil erasers increases, causing more students to switch from pencils to pens in school. Moreover, the price of ink, an important input in pen production, has increased considerably.
Business
1 answer:
Tresset [83]3 years ago
5 0

Answer:

Suppose that the number of students with an allergy to pencil erasers increases, causing more students to switch from pencils to pens in school.

  • This will shift the demand curve to the right, increasing the total demand at all price levels.

Moreover, the price of ink, an important input in pen production, has increased considerably.

  • This will shift the supply curve to the left, increasing the price of pens at every demand level.

What is sure is that the price of pens will increase. It is likely that the quantity demanded increases, but the extent by which the quantity demanded will increase is unknown.

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During 2021, its first year of operations, Ashbaugh Industries recorded sales of $21,000,000 and experienced returns of $1,400,0
juin [17]

Answer:

B) Credit to refund liability of $280,000

Explanation:

The total estimated returns are 85 of the total sales = 8% x $21,000,000 = $1,680,000.

Since the company had already accounted for $1,400,000 in returns, the adjusted necessary should be = total returns - accounted returns = $1,680,000 - $1,400,000 = $280,000

Since the refund liability account must increase, and it is a liability account, it should be credited.

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3 years ago
What is a marketing strategy that supports environmental stewardship, thus creating a differential benefit in the minds of consu
nadya68 [22]

Green Marketing is a marketing strategy that supports environmental stewardship, thus creating a differential benefit in the minds of consumers.

Green marketing is the advertising and marketing of merchandise that are presumed to be environmentally secure. It incorporates an extensive variety of activities, inclusive of product amendment, changes to the manufacturing system, sustainable packaging, as well as enhanced advertising.

But defining inexperienced advertising is not an easy project where numerous meanings intersect and contradict every different; an example of this can be the life of varying social, environmental, and retail definitions attached to this term. different comparable terms used are environmental advertising and ecological advertising.

Green, environmental, and eco-advertising is part of the brand new marketing strategies which do no longer just refocus, adjust or decorate current marketing thinking and exercise, however, are trying to find to undertaking the one's strategies and offer an extensively distinct angle.

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5 0
2 years ago
When happens when demand exceeds supply?
ElenaW [278]

A shortage occurs when demand exceeds supply – in other words, when the price is too low. However, shortages tend to drive up the price, because consumers compete to purchase the product. As a result, businesses may hold back supply to stimulate demand.

4 0
3 years ago
six packs of cola are on sale for 1.50, if a customer buys a 24 pack, what is the total charge including 8% sales tax?
valkas [14]

Answer:

$6.48

Explanation:

A pack of six costs $ 1.50

A pack of 24 will cost $(1.50 x 4)= $ 6

8% tax will be: 8/100 x 6= .08x6= 0.48

Total = $6+$ 0.48 = $6.48

6 0
3 years ago
McCann Co. has identified an investment project with the following cash flows.
larisa [96]

Answer:

McCann Co.

Present value

a. At 9$ =      $2,017.38

b. At 16% =   $3,379.42

c. At 25% =   $2,798.71

Explanation:

a) Data and Calculations:

Year Cash Flow         Discount         Present

                               Factor at 9%       Value

1         $840                0.917               $770.28

2         1,170               0.842                   143.14

3        1,430               0.772                1,103.96

4        1,575               0.708                 1,115.10

Total Present value =                     $2,017.38

Year Cash Flow         Discount         Present

                               Factor at 16%       Value

1         $840               0.862               $724.08

2         1,170               0.743                  869.31

3        1,430               0.641                  916.63

4        1,575              0.552                 869.40

Total Present value =                    $3,379.42

Year Cash Flow         Discount         Present

                               Factor at 25%      Value

1         $840               0.800               $672.00

2         1,170               0.640                 748.80

3        1,430               0.512                  732.16

4        1,575               0.410                 645.75

Total Present value =                    $2,798.71

5 0
3 years ago
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