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Effectus [21]
2 years ago
8

Why does the quantity a supplier is willing to give go up when the price goes up

Business
2 answers:
aleksandrvk [35]2 years ago
8 0
Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more
Volgvan2 years ago
5 0
Supply and demand it’s simple
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Page(s) 39-41 2.3. What are the benefits of specialization and trade? In one month, Mikhail’s Furnishings can make 160 carpets o
Amanda [17]

Answer:

Mikhail's gains 10 carpets and 10 quilts from the trade. Dominique's also gains 10 carpets and 10 quilts from the trade.

Step-by-step Explanation:

Step 1: Capacity

Mikhail's can make 160 carpets or 160 quilts per month.

Dominique's can make 120 carpets or 200 quilts per month.

Step 2: Before Trade

Mikhail's makes 80 carpets and 80 quilts per month.

Dominique's makes 60 carpets and 100 quilts per month.

Step 3: After Trade:

Mikhail's makes 160 carpets per month.

Dominique's makes 200 quilts per month.

Trade = 70 carpets for 90 quilts.

Mikhail's now has 160 - 70 = 90 carpets and 90 quilts.

Dominique's now has 70 carpets and 200 - 90 = 110 quilts

Step 4: Gains from Trade:

Mikhail's gains 90 - 80 = 10 carpets and 90 - 80 = 10 quilts from trade.

Dominique's gains 70 - 60 = 10 carpets and 110 - 100 = 10 quilts from trade.

8 0
3 years ago
An example of market power
Soloha48 [4]
A monopoly is the best example of a company with substantial market power
7 0
3 years ago
Read 2 more answers
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ICE Princess25 [194]

Answer:

Explanation:

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3 0
2 years ago
Each business day, on average, a firm writes checks totaling $17000 to pay its suppliers. The usual clearing time for the checks
BaLLatris [955]

Answer:

The disbursement float is $ 68,000, collection float is -$44,000 and net float is $24,000.

Explanation:

DISBURSEMENT FLOAT -

Formula that can be used to calculate the disbursement float is  =

Amount of average monthly check written X Average number of days it

                                                                             takes to clear check

Where, amount of average monthly check = $17,000

and average number of days for it to be cleared = 4 days

Disbursement float = $17,000 x 4

                                = $68,000

COLLECTION FLOAT -

Formula that can be used to calculate the collection float is  =

Amount of average monthly check received X Average number of days it

                                                                             takes to clear check

Where, amount of average monthly check =-$22,000

and average number of days for it to be cleared = 2 days

Collection float = -$22,000 x 2

                         = -$44,000

NET FLOAT -

Formula that can be used to calculate the NET float is  =

DISBURSEMENT FLOAT - COLLECTION FLOAT

= $68,000 - $44,000

= $24,000

7 0
3 years ago
Adam was found to have used his license to procure insurance for relatives and it was also discovered that he was issuing rebate
Temka [501]

Adam's license will be suspended or revoked. It's because he was determined to have used his license to obtain insurance for family members and because it was found that he was giving insureds rebates.

After being found guilty of a significant traffic infraction, failing a road test, or providing false information on a government form, a license is frequently cancelled. One of the best rights is the ability to drive, therefore it's critical to understand whether your license is suspended or revoked as well as your options if it is. An "Administrative Review Suspension" is a unique classification of suspension used in several jurisdictions. This is given to persons whose medical conditions make it risky for them to operate a motor vehicle. Before relieving the suspension, the DMV may occasionally require written confirmation from the physician.

#SPJ4

4 0
2 years ago
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