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jok3333 [9.3K]
3 years ago
5

Evaluate the set of events below. Determine how the events will impact their respective markets. a. In examining the market for

personal computers, a technological improvement reduces the cost of production. The effect of the event will be in . As a result, the equilibrium price will and the equilibrium quantity will . b. In examining the market for smart phones, there is a reduction in the number of sellers. The effect of the event will be in . As a result, the equilibrium price will and the equilibrium quantity will . c. In examining the market for apps for smart devices, there is a tax levied on the sellers of apps. The effect of the event will be in . As a result, the equilibrium price will and the equilibrium quantity will .
Business
1 answer:
k0ka [10]3 years ago
5 0

Answer:

One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point.  Therefore, at equilibrium, the demand and supply in quantity are equal.

a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.

b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

Explanation:

a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal.  The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively.   In economics,  when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.

b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.

c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence.  This leads to a reduction in quantity supplied overall.

d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.

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If Treasury bills are currently paying 5.2 percent and the inflation rate is 2.7 percent, what is the approximate real rate of i
Alexxandr [17]

Answer:

2.43 %

Explanation :

Real Interest rate =  (1 + nominal rate) / (1 + inflation rate) - 1

therefore,

Real Interest rate =  1.052 / 1.027 - 1

                              = 2.43 %

the approximate real rate of interest is 2.43 %

3 0
2 years ago
current challenges in operations management include all of the following​ except: part 2 a. rapid product development. b. lean o
Ghella [55]

Out of the choices provided above, it can be said that the current challenges in operations management include all of the following​ except increased communication cost. Therefore, the option C holds true.

<h3>What is the significance of communication costs?</h3>

Communication costs can be referred to or considered as the costs incurred by an organization to spread awareness and convey the message of achieving efficiency in the management, especially related to the operations of an organization.

Therefore, the option C holds true and states regarding the significance of communication costs.

Learn more about communication costs here:

brainly.com/question/2180772

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4 0
1 year ago
AIDA, the indirect strategy for persuasive messages, seeks to gain the attention, interest, ________, and action of the audience
alexgriva [62]

Answer: Desire

Explanation: AIDA model is widely used in marketing and advertising to describe the steps or stages that occur from the time when a consumer first becomes aware of a product or brand through to when the consumer trials a product or makes a purchase decision

AIDA is an acronym for Attention, Interest, Desire and Action. It is a model that assist to explain how an advertisement or marketing communications message engages and involves consumers in brand choice

It is one of the long standing model used in advertising and it is also known as hierarchy of effects model.

5 0
3 years ago
GDP is the: a. market value of an economy's production of final goods and services in a one year period. b. sum of coins, bills,
Bond [772]

Answer:

a. market value of an economy's production of final goods and services in a one year period.

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption spending + Investment spending + Government Spending + Net Export

GDP doesn't include intermediate goods. Therefore it is not the market value of an economy's production of all goods and services in a one year period.

Total expenditures of the federal government over the period of one year is known as government spending.

I hope my answer helps you

8 0
3 years ago
Kyle plans to punch patrick. he calls patrick and tells him he will punch him tomorrow at 4:00 pm. at 2:00 pm the next day, kyle
stepan [7]
<span>Technically, Kyle lied to Patrick about the time at which he would punch him. However, there is no contract to prove that this was what was said on the phone (heresay). Additionally, it does not mention that there was any sort of agreement or consideration made between the two of them regarding this. And even if there was, there might be a legality issue due to the fact that punching is both assault and battery when committed on a person, so the contract may not even be enforceable. In terms of civil torts, Kyle didn't really commit anything that is pursuable in court, but did commit battery and assault. If Patrick fell or hit his head further and was injured/killed, he would be liable for an involuntary action, of which would be manslaughter if Patrick died. He would also be able to be sued for wrongful death by Patrick's family.</span>
3 0
3 years ago
Read 2 more answers
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