The statement that describes the expected outcome is: c. Supply of the shoes will increase, and market price will decrease.
<h3>What is supply?</h3>
Supply can be defined as the amount of goods or product produce that is available for buyers to buy or purchase.
If the cost of production is lower ,this will lead to increase in production as companies will be able to buy more materials and the outcome of this is that the market price of goods or product will reduce because the cost to manufactures has reduced.
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Answer:
40
Explanation:
According to Ricardian theory, any change in budgets deficits or surpluses should be completely offset by an equal change in private savings.
In this case, the original amount of private savings was 80, but since the budget deficit decreased by 40, then the private saving should also decrease by 40. The total private saving = 80 - 40 = 40
Answer:
b. Materials 190,000 Accounts Payable 190,000
Explanation:
Materials may either be purchased on credit or by cash, When materials are purchased on credit, such materials are said to have been purchased on accounts.
The entries for cash purchases are ;
Debit Supplies/Inventory account
Credit Cash account
However, when the purchase is done on account, the credit entry goes to the accounts payable and not cash.
Explanation:
5.From which of the following, we get more sun's energy-
1 point
Eating other people
