Which of the following statements is correct? Show
Multiple Choice
 Q: The policies are other than tariffs which restrict the volume of international trade Such policies a... A: Differentiate between an import subsidy and an export subsidy Import subsidy An import subsidy is g... Q: In situations of exces demand, sellers might lower quality when they are unable to raise prices beca... A: In a market, excess demand refers to the situation when there is more demand for goods and services ... Q: A firms production function is Q(L)=15L2-0.1L3, where output (Q) is a function of a single input lab... A: For finding out the maximum value of any function, we need to derivative it and put it equal to zero... Q: e. Trade Representative: "In an open economy with international trade, government spending is much m... A: The only difference between the open economy and closed economy is that the open economy make trade ... Q: International trade causes the loss of jobs in industries where a country has Select the correct ans... A: International trade occurs when a country export or import goods with other countries. Q: You decide to purchase a tractor for a net cost of $350,000. You finance this tractor for 5 years at... A: Loan amount = $350,000 Interest rate = 5% Number of payments = 5 Payment frequency = Annually (1 yea... Q: Jerry had been drinking all evening at the Bonger Bar and became visibly intoxicated. The bartender ... A: Answer and explanation according to the situation described in the Question above :- Q: What is the after-tax present worth of a chip placer if it costs $75,000 and saves $23,000 per year?... A: Let's solve it step by step:- The tax rate is 54% thus, calculating it by considering it at every po... Q: "Implicitly, because of his work, the wealthy are viewed as more deserving of resources" Mill Malthu... A: Note: We will answer the first question as the exact one was not specified. Please resubmit the ques... Q: What are the conditions that needs a perfect market abd what are the conditions that needs the marke... A: Click to see the answer Q: Suppose a profit-maximizing monopolist is producing 900 units of output and is charging a price of $... A: Click to see the answer Q: It is argued that a point spread or total on a sports contest in the betting market is similar to: ... A: A betting market is the place where people try their luck on the basis of their analysis and future ... Q: Flow 1 Flow 2 A Flow 3 B Flow 4 Refer to the diagram. (There are a couple of lines missing. It shoul... A: The correct option is A. Q: For statistically estimated demand function for the commodity X, 1547 p0.2 p0.3 A0.4 p0.5 g0.3 D. X,... A: Related goods: Two goods can be either substitutes or complements. Substitute goods Two goods are s... Q: Define the following terms: 1: Elasticity 2: Measurement of supply 3: Market and the classification ... A: Click to see the answer Q: Discuss the role of the full cost prising principle and profit maximization in modern economic trend... A: Click to see the answer Q: (a) The revenue from selling q items is R(q) = 50q - q 2 and the total cost is C(q) = 15 + 10q i. Wh... A: Given: R(q)=50q-q2 C(q)=15+10q Note: Due to multiple subparts being posted, the first three subparts... Q: In an axes, sketch the market demand curve for education and sketch the market supply curve on the s... A: Market Demand is the sum of individual Demand. So we have, Price Market Demand 36000 130 4500... Q: Which of the following statements are true? (i) When demand is price elastic, total revenue moves in... A: (i) When demand is price elastic, total revenue moves in the opposite direction of the price change.... Q: 6. “The Lucas critique by itself casts doubt on the ability of discretionary stabilization policy t... A: The Lucas Critique was given by Robert Lucas which states that macroeconomic models used for policy ... Q: when it appeared the conventional Open Market Operations was not sufficient, monetary policy officia... A: Monetary policy is a set of tools that a country's central bank can use to encourage long-term econo... Q: Given that nothing else is borrowed in the near future, the length of time it will take a government... A: Government expenditure is the expenditure that is incurred on the infrastructure, roads, railways, a... Q: Costs and Profit Maximization: Work It Out 1 Suppose Margie decides to lease a photocopier and open... A: As we know that fixed cast of the expenditure incurred on fixed factor which is not changeable as in... Q: The price rose. How would it shift the AD curve: Leftward, Rightward or No shift? A: Aggregate demand refers to the total amount of goods demanded in an economy by all the consumers dur... Q: Consider a two-period small open endowment economy with free capital mobility. Households live for o... A: PLEASE FIND THE ANSWER BELOW. Q: e in this western province passes laws that make it easy for workers to join a union. Through collec... A: Equilibrium is achieved at the level where Ls equals Ld Q: Assume that the graphs show a competitive market referenced in the question below. Select the grap... A: In a competitive market, equilibrium is achieved at a point where demand curve intersects supply cur... Q: In an economy such as Canada's, absorbs some of the available for investment, driving the interest r... A: The policies related to the economy of Canada have been discussed. Q: x(q) = R(a)- C(a) = 180g - (665 + 20g + 10g). What is the positive output level that maximizes the f... A: In economics, profit maximization is the short run or long run process by which a firm may determine... Q: If you were responsible for marketing CAT scanners worldwide (average price, $1,200,000) and your co... A: The fundamental issue here isn't just pricing adjustments, but solutions that allow the marketer to ... Q: 3. You purchased a 5-year property class item for $60,000. After using this item for 3 years you sol... A: MACRS depreciation method The modified accelerated cost recovery system (macrs) is a method of depre... Q: True or False: The majority of all United States bank liabilities are made up of sources other than ... A: Liabilities means that a person or company is owing something , usually money. Deposit accounts ar... Q: How entrepreneurship contributes to the economy of a country? A: In an economy, an entrepreneur is the person who comes up with new and innovative ideas, technology,... Q: nflation causes things to cost more, and for our money to buy less (hence your grandparents saying "... A: A currency's purchasing power depreciates with time, known as inflation. Over time, the increase in ... Q: Сopy A pgcconline.blackboard.com/webapps/assessment/take/launch.jsp?course assessment id%3 565711 18... A: This fill in the blanks is relates to the theory of demand or law of demand which refers to the Inve... Q: The pound–euro exchange rate is essentially the price of one euro in terms of pounds. When this pric... A: The rate at which one currency is being measured in terms of another currency is known as the rate o... Q: Suppose the economy of Canada is governed by the following consumption function, investment function... A: Given information C=300+0.6(Y-T) I=700-80r G=500 T=500 Money demand=Y-200r Money supply=2 P=4 Q: Briefly describe the factors that need to be considered during an ergonomic assessment. A: Ergonomic factors are working environment circumstances that cause mileage on the body and can cause... Q: an increase in the expected real interest rate tends to raise desired saving, but lower desired inve... A: The change in the expected real interest rate affects the level of saving and investment in the econ... Q: onsider the following short-run production function, where bor (L) is the variable input and capital... A: Given Q(L) =(6L2 −0.4L3) We need to calculate maximum value of labor (L), Q: Please discuss the concept of the Balance of Payment account. Further, discuss the three components ... A: BOP keeps track of all transactions that affect a currency's demand and supply. . Assess a country's... Q: Tariffs have mixed implications for citizens depending on their industry and position within it. The... A: The official tariff rate was meant to discourage the import of finished goods and stimulate domestic... Q: 6789 Based on the table, what is total revenue for John's Tricycle Company if it produces at its pro... A: Marginal revenue is the total change in TR due to a unit change in output . MR = TR(n) - TR( n-1) Q: Classify the following scenarios as examples of frictional, structural, or cyclical unemployment, an... A: PLEASE FIND THE ANSWER BELOW. Q: (a) Explain the meaning of velocity of money (b) Suppose the money supply M has been growing at 10% ... A: The way through which transactions could take place in the market and are being considered as the me... Q: Nick has the following labour supply curve: Labour Supply W. W. w. LABOUR (Hours) the opportunity co... A: Backward binding labor supply curve. Which shows that as wage increases, workers supply more hours o... Q: A country that experiences a capital account surplus for many years will eventually experience many ... A: Since you have asked multiple questions, we will answer the first question for you. If you want any ... Q: 7. The following table shows the demand for water and cost conditions for the New South Springdale W... A: a) quantity in gallons price per gallon ($) total revenue($) marginal revenue($) marginal costs($... Q: Googol and Visagetext are two social media platforms. When Googol was launched, many reviewers claim... A: Competition to dominates the market Even if the two market leaders have bene able to operate in the ... Q: 2. Consider the money market model. Suppose that the current price is higher than the equilibrium pr... A: In a market, the price level explains the market value of a specfiic good, services or any other ass... Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below. Recommended textbooks for you Micro Economics For Today ISBN:9781337613064 Author:Tucker, Irvin B. Publisher:Cengage, Economics For Today ISBN:9781337613040 Author:Tucker Publisher:Cengage Learning Survey Of Economics ISBN:9781337111522 Author:Tucker, Irvin B. Publisher:Cengage, MACROECONOMICS FOR TODAY ISBN:9781337613057 Author:Tucker Publisher:CENGAGE L Survey of Economics (MindTap Course List) ISBN:9781305260948 Author:Irvin B. Tucker Publisher:Cengage Learning Managerial Economics: A Problem Solving Approach ISBN:9781337106665 Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor Publisher:Cengage Learning Micro Economics For Today ISBN:9781337613064 Author:Tucker, Irvin B. Publisher:Cengage, Economics For Today ISBN:9781337613040 Author:Tucker Publisher:Cengage Learning Survey Of Economics ISBN:9781337111522 Author:Tucker, Irvin B. Publisher:Cengage, MACROECONOMICS FOR TODAY ISBN:9781337613057 Author:Tucker Publisher:CENGAGE L Survey of Economics (MindTap Course List) ISBN:9781305260948 Author:Irvin B. Tucker Publisher:Cengage Learning Managerial Economics: A Problem Solving Approach ISBN:9781337106665 Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor Publisher:Cengage Learning Which of the following is true when supply decreases and demand decreases?If supply decreases and demand decreases, equilibrium price will fall. If supply decreases and demand increases, equilibrium quantity will rise.
What happens when demand decreases and supply decreases?If both demand and supply decrease, consumers wish to buy less andfirms wish to supply less, so output will fall. However, since consumers place a lower value on each unit, but producers are willing to supply each unit only at higher prices, the effect on price will depend on the relative size of the two changes.
Which of the following statements is correct if supply decreases and demand decreases equilibrium?If the supply and demand curves for a product both decrease, then equilibrium: quantity must decline, but equilibrium price may rise, fall, or remain unchanged.
Which of the following is correct if supply decreases and demand increases?If demand increases and supply decreases, equilibrium price will fall.
|
Which of the following statements is correct If supply decreases and demand decreases
zusammenhängende Posts
Urheberrechte © © 2024 WIKIFI Inc.
