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2 years ago

Which curve shifts and in which direction when the following events occur in the domestic car market?

Business

1 answer:

Nookie1986 [14]2 years ago

6 0

For the following events that arise in the domestic car market:

a. Demand decrease & left.

b. Supply decrease $ left.

c. Demand decreases & left.

d. Demand decrease & Left.

a. When there is a recession, so the demand should decrease due to which the demand curve shifts to the left.

b. When the workers go on strike the production should decrease due to which the supply decreased due to which the supply curve shifts to the left.

c. When the imported cars should be expensive so the demand should be decreased due to which the demand curve shifts to the left.

d. When the gasoline price is increased so the car's demand should be decreased due to which the demand curve shifts to the left.

Therefore we can conclude that for the following events that arise in the domestic car market:

a. Demand decrease & left.

b. Supply decrease $ left.

c. Demand decreases & left.

d. Demand decrease & Left.

Learn more: brainly.com/question/2733525

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Butchart Gardens is a very large garden in Victoria, British Columbia, renowned for its beautiful plants. It is so large that it

andrey2020 [161]

Answer:

<h2>In this case,visit to the Butchart Garden is an excludable and non-rivalrous good and is an example of a Club Good.</h2>

Explanation:

First,since the Burchart Gardens charges an admission fee of $30 for each visitor,anyone who has not paid the fee cannot or will not be able to have access inside the garden.Therefore,it is currently not a free service for all the visitors.In this sense,a visit to the Butchart Garden is excludable.It can be assumed that any visitor who wishes to come inside the garden and have a visit will have to mandatorily pay the admission fee.

Secondly,as Butchart Garden is a public area and anyone who pays the admission fee can officially gain access to the garden,enjoyment of the natural and aesthetic beauty of the garden by any one visitor does not reduce the simultaneous enjoyment of any other visitor who has paid the admission fee and hence,gained access to the garden.In economic language,if we consider the garden visit as a particular commodity,then the consumption of the commodity by any one visitor or consumer does not reduce the simultaneous consumption of any other visitor/s or consumer/s,provided that they have all paid the admission fee to gain access to the commodity or garden in this case.Therefore,visits to the Butchart Garden can be considered as non-rivalrous.

Now,since the visit to the Butchart garden is both excludable and non-rivalrous in nature,it can be considered as an example of a Club Good.

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3 years ago

Assume that a firm spends $500 on two inputs, labor and capital. If the wage rate is $20 per hour and the cost of capital is $25

Zolol [24]

Answer:

D. -4/5

Explanation:

Given that

Wage rate = $20 per hour

Cost of capital = $25 per hour

Recall that,

Slope of isocost = -(w/r)

Where,

W = wage rate

r = rental cost of capital.

Thus,

Slope of isocost curve

= -(20/25)

= -0.8 or -4/5

Note that, the negative of the ratio is the price of the two inputs. Also isocost is a line showing the various combinations of inputs which cost the same amount.

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What do you understand by marketing mix

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When I think about the term marketing mix, I think about a set of tools that firms use to increase their profits such as price, product, promotion and place.

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3 years ago

Two ways in which can adapt to the challenges of the business environment

Alchen [17]

<h3>Two ways in which can adapt to the challenges of the business environment</h3>

Recognize the Size of the Change
Be open to new and different ideas

Today's business concerns are more pressing than ever before. Businesses are competing on a much greater scale as a result of technical advancements and globalization. And, in light of the current economic and health crises, business owners confront an even greater challenge: prospering, not just surviving. Here are four strategies to explore in order to assist your company adjust amid difficult times.

<h3>1. Recognize the Size of the Change</h3>

To most seasoned company and executive leaders, the word 'adapting' may sound cliché. Adaptability, on the other hand, in the context of business simply means being open to new ideas and methods. Accept that the world is changing at a quick speed, and that in order for businesses to thrive, they must adapt their strategy to meet the demands of the moment.

<h3>2. Be open to new and different ideas.</h3>

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2 years ago

In a fractional-reserve banking system with no excess reserves and no currency holdings, if the central bank buys $100 million w

NARA [144]

Answer:

c. reserves increase by $100 million and the money supply increases by more than $100 million

Explanation:

Based on the information given in a situation where a FRACTIONAL-RESERVE BANKING SYSTEM has no availability of EXCESS RESERVES and no CURRENCY HOLDINGS, which means that if the central bank buys BONDS that worth $100 million, the RESERVES will tend to INCREASE by the amount of $100 million while the MONEY SUPPLY on the other hand will INCREASES by more than $100 million.

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