Business, 09.08.2022 19:40 kerarucker12pe384k

Refer to the following supply and demand curve diagram. a. Starting from an initial equilibrium at E, what shift or shifts in supply and/or demand could move the equilibrium price and quantity to each of points A through I?

b. Starting from an initial equilibrium at E, what would happen if both a decrease in the price of a substitute in production and an increase in income occurred, if it is a normal good?

c. Starting from an initial equilibrium at E, what would happen if both an increase in the price of an input and an advance in technology occurred?

d. If a price floor is imposed above the equilibrium price, which of A through I would tend to be the quantity supplied, and which would tend to be the quantity demanded? Which would be the new quantity exchanged?

e. If a price ceiling is imposed below the equilibrium price, which of A through I would tend to be the quantity supplied, and which would tend to be the quantity demanded? Which would be the new quantity exchanged?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 11:30

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c incorrect

Answers: 2

Answer

Business, 22.06.2019 13:10

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.

Answers: 3

Answer

Business, 22.06.2019 13:40

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Answers: 1

Answer

Business, 22.06.2019 17:40

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

Answers: 1

Answer

You know the right answer?

Refer to the following supply and demand curve diagram. a. Starting from an initial equilibrium at...

Questions