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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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Answer:

Economic feasibility

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In the given scenario, the company is considering how much the advertising cost must be budgeted to drive maximum benefits which is cost benefit analysis and is economic feasibility studies.

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3 years ago
Resource x is necessary to the production of good y. if the price of resource x rises, the _____________ curve for good y will s
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Resource x is necessary to the production of good y. if the price of resource x rises, the supply curve for good y will shift leftward resulting in a(n) increase in the equilibrium price of y and a(n) decrease in the equilibrium quantity of y.

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3 years ago
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Answer: c. Requirements analysis

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Requirements analysis deals with tasks that determine conditions to meet during a new project taking into consideration requirements that would be conflicting. This analysis is vital to the success or failure of the system. Mike carries out a requirement analysis by checking all the items that would determine the success of the project which if neglected would read to project failure.

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Answer:

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A stock was purchased for $51 a share and sold eleven months later for $54 a share. If the shares were purchased totally with ca
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Based on the information that have been provided in the question,

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= 8.40%

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3 years ago
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