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Dmitry [639]
3 years ago
13

Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price

and quantity?
a.Equilibrium price will fall; equilibrium quantity will rise.
b.Equilibrium price will rise; equilibrium quantity will fall.
c.Equilibrium price will rise; equilibrium quantity will rise.
d.Equilibrium price will fall; equilibrium quantity will fall.

Business
1 answer:
adelina 88 [10]3 years ago
8 0

Answer:

c.Equilibrium price will rise; equilibrium quantity will rise. 

Explanation:

If there's an increase in demand and supply remains unchanged. The demand curve would shift to the right and there would be an excess of demand over supply. Equilibrium price and quantity would increase.

I hope my answer helps you

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Suppose that in​ 2017, a typical U.S. student attending a​ state-supported college bought 10 textbooks at a price of ​$110 per b
Tatiana [17]

Answer:

  • 2017 Price Index is 100
  • 2018 Price Index is 111

Explanation:

The Price Index for any given Base year is always 100. 2017 is staed to be the base year so it's price index is 100.

2018

The Student Price Index can be calculated using the formula;

SPI = \frac{cost of basket of goods in the year of interest}{Cost of the basket of goods in the base year}  * 100

= \frac{(10 * 120) + (30* 390)}{(10 * 110) + (30 * 350)} * 100

= \frac{12,900}{11,600} * 100

= 111.21

= 111

3 0
3 years ago
Stella, Inc. purchased 75 telescopes for $25 each from Luna Co. When they unpacked the telescopes, Stella found
cupoosta [38]

Answer:

A. The company would debit the Allowance account instead of Purchase Returns.

Explanation:

In the management of purchases transactions,  a company will maintain several other accounts such as purchase returns and purchases allowance.

Purchases allowance will include allowances such as discount received and other compensations from suppliers.  The allowances reduce the net value of the purchases. i.e., when calculating the net purchases, one has to deduct the purchases allowed amount. When the business receives a purchase allowance, the amount will increase the purchases allowance account. The accountant will, therefore, debit that account.

Purchases returns are goods that the company had purchased from suppliers but have returned them for some reason. They could be defective or inappropriate.

8 0
3 years ago
Tile Depot, specializing in retail of construction materials, carries a popular flooring tile. The annual demand is estimated to
natta225 [31]

Answer: D. 500

Explanation:

The Economic Order Quantity (EOQ) refers to an efficient number of units that a company should order to minimize the total costs of inventory such as holding costs, order costs, and shortage costs.

It is calculated by the formula below,

EOQ = √ (2 * Annual demand * Ordering Cost / Holding Cost)

EOQ = √ (2 * 5,000 * 250 /10)

EOQ = 500 units.

The economic ordering quantity (EOQ) for this item is 500 units.

6 0
2 years ago
What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?
garri49 [273]
Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
A = P(1+r*t)

Solving:
A = P(1+r*t)
A = 4000(1+0.06*2)
A = 4000(1+0.12)
A = 4000*1.12
\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark


4 0
3 years ago
Select the correct answer.
Gre4nikov [31]

Answer:

Prices increase, C

Explanation:

Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.

Hope this helps

4 0
3 years ago
Read 2 more answers
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