After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.
If the number of buyers of a good increases, the demand for the good will <u>increase</u> and the demand for labor used to produce that good will <u>normal</u>.
The logic behind the demand and supply model is straightforward. The volume of a specific commodity or service that consumers will be able and willing to buy over time at each price is shown by the demand curve.
The supply curve depicts the volume of goods that merchants will offer for sale over that period at various prices.
We should be able to determine a price where the quantity of items buyers are willing and able to buy equals the quantity of goods sellers are willing to offer for sale by combining the two curves.
To learn more about Demand And Supply Model here
brainly.com/question/12984251
#SPJ4
Answer:
224 units of output per dollar of input
Explanation:
The computation is shown below:
Productivity measures = (Total units produced) ÷ (Total labor cost + Total equipment cost)
where,
Total units produced is
= 70,000 × 52 weeks in a year × 4 years
= $14,560,000
Total units produced
= $13,000 × 4 years
= $52,000
And, the cost of equipment is $13,000
So, the productivity measures is
= ($14,560,000) ÷ ($52,000 + $13,000)
= 224 units of output per dollar of input
the answers A, procedures for give feedback to employees.