Answer:
a. Supply increases, Supply curve shifts to the right
b. Demand decreases, Demand curve shifts to the left
c. Demand increases, Demand curve shifts to the right
d. Supply decreases, Supply curve shifts to the left
Explanation:
a. There have recently been some important cost-saving inventions in the technology for making paint- Supply will increase due to lower cost in production. Shifting the supply curve to the right. Price of paint will fall and quantity will increase.
b. Paint is lasting longer, so that property owners need not repaint as often- Demand for paint will fall due to its long lasting. This shifts the demand curve to the left decreasing the price and quantity of paints.
c. Because of severe hail storms, many people need to repaint now- Demand for paint will increase shifting the demand curve to the right increasing the price and quantity of paints.
d. The hail storms damaged several factories that make paint, forcing them to close down for several months- Supply of paint will decrease as factories close down. This will shift the supply curve to the left increasing the price of pain and decreasing the quantity of paint.
Answer:
This took me a long time to figure out , but I'm pretty sure number 1 is
D) Silk and Wool.
And number 2 is C) Northern Nigeria
Explanation: Hope that's right, sorry if not because for number 1 most of them could be the answer, and for number 2, three of them could be the answer.
Answer:
Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.
Explanation:
He invests some money at 9%, and $1700 less than that amount at 4 %.
Let Nico invest $x at 9%.
It means he invest $( x-1700) at 4%.
The investments produced a total of $257 interest in 1 yr.
Add 68 on both sides.
Divide both sides by 0.13.
Nico invest $2500 at 9% interest rate.
Nico invest $800 at 4% interest rate.
Therefore Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.
Tickets are things you use to go into theme parks
