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Sedbober [7]
2 years ago
10

Suppose the price is $10, the quantity supplied is 50 units, and the quantity demanded is 100 units. For every $1 rise in price,

the quantity supplied rises by 5 units and the quantity demanded falls by 5 units. What is the equilibrium price and quantity?
Business
1 answer:
aleksley [76]2 years ago
8 0

Answer:

500

Explanation:

5 x 100

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Because self-managed teams were established at the Kinex plant, the number of electrical components produced has increased by 12
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4 0
2 years ago
In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be
RUDIKE [14]

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

8 0
3 years ago
"When people act contrary to their self-perceptions as reasonable and sensible people, they experience a feeling known as ______
blondinia [14]

Answer:

The answer is letter D. Cognitive Dissonance

Explanation:

When people act contrary to their self-perceptions as reasonable and sensible people, they experience a feeling known as _cognitive dissonance_______.

7 0
3 years ago
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tangare [24]

Answer:

A) Joint Venture

Explanation:

Based on the scenario being described within the question it can be said that in this context, Cream Bite Inc. is a Joint Venture. This is a business term that refers to an arrangement between two parties in which both combine their resources in order to meet an agreed upon goal in a more efficient manner and in a much smaller time-frame than if they were to do it separately.

5 0
3 years ago
Read 2 more answers
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