A decrease in supply can be brought about by _________. a) a price increase b) a price
Question:
A decrease in supply can be brought about by _________.
a) a price increase
b) a price decrease
c) a random event like a hurricane or an earthquake
d) a change in consumers’ tastes or preferences
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
A decrease in supply can be brought about by a a price increa...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Multiple Choice Questions 1. In a supply and demand graph, the triangular area under the demand curve but above the market price is a. The consumer surplus. b. The producer surplus. c. The marginal...
-
Tea is a popular beverage in many parts of the world, especially during rainy seasons. This is because tea, having curative properties like flavonoids and polyphenols for typical ailments like...
-
Consider a static (one-period), closed economy with one representative consumer, one rep- resentative firm, and a government. The level of capital K and government expenditures G in the economy are...
-
The comparative balance sheets for Beckwith Products Company are presented below. Additional Information: 1. Net income for 2019 was $58,400. 2. Cash dividends of $25,000 were declared and paid...
-
Explain the advantages and disadvantages of extending a companys scope of operations via vertical integration.
-
The John Gore Organization owns and operates the Charles Playhouse, a theater in Boston, Massachusetts. Evelyn Castillo has diabetes, a disability under the Americans with Disabilities Act (ADA)....
-
The list below indicates various audit, attestation, and assurance engagements involving auditors. 1. A report on the effectiveness of internal control over financial reporting as required by Section...
-
Q4. Show that, for all values of 8 (80), , and T> 0 there is always a positive probability that ST is negative. (Hint: consider the marginal distribution of ST.)
-
Which statement is true? a) A change in demand is the same thing as a change in the quantity demanded. b) The supply curve moves upward to the left. c) The law of demand is no longer valid. d) A rise...
-
The demand for an inferior good is _________. a) positively related to its own price b) negatively related to income c) unaffected by consumer tastes and preferences d) insensitive to changes in...
-
Carbon dioxide (CO2) is heated to 2400 K at a constant pressure of 3 atm. Determine the percentage of CO2 that will dissociate into CO and O2 during this process.
-
Why do you think CONSUMER BEHAVIOR is an important research area in marketing? Why do marketers study consumer behavior?
-
Bob owns a restaurant. The average price per order is $ 1 5 and the average variable cost per order is $ 9 . The restaurant remains open 6 days a week for 5 0 weeks per year. The rent, utilities and...
-
Highland Mining and Minerals Co, analyzes the purchase of two gold mines. I will make a single investment. The Australian mine will cost $1,600,000 and produce $300,000 per year in years five to 15...
-
Suppose you have just won a lottery. You will receive a total of 16 annual payment, and each payment is $2,030. You will receive the first payment today. If you can earn 4.9% annual rate of return...
-
Enlist all stages for a successful career in accounting.
-
An electron is trapped in a one-dimensional infinite potential well that is 100 pm wide; the electron is in its ground state. What is the probability that you can detect the electron in an interval...
-
Some people argue that the internal control requirements of the Sarbanes-Oxley Act (SOX) put U.S. companies at a competitive disadvantage to companies outside the United States. Discuss the...
-
Linda loves buying shoes and going out to dance. Her utility function for pairs of shoes, S, and the number of times she goes dancing per month, T, is U(S, T) = 2ST, so MUS = 2T and MUT = 2S. It...
-
Ralph usually buys one pizza and two colas from the local pizzeria. The pizzeria announces a special: All pizzas after the first one are half- price. Show the original and new budget line. What can...
-
The local swimming pool charges nonmembers $ 10 per visit. If you join the pool, you can swim for $ 5 per visit but you have to pay an annual fee of F. Use an indifference curve diagram to find the...
-
1. Supply and demand for 55" LED TVs in 2016 Quantity Demanded Price Quantity Supplied Size of Surplus (+) or Shortage (-) 400 $400.00 100 350 $500.00 125 300 $600.00 150 250 $700.00 175 200 $800.00...
-
Objective: The objective of this assignment is to provide accounting students with hands- on experience in analyzing financial statements and calculating various key financial ratios. By selecting a...
-
A firm sells 960 units every day at a price of $ 1.55. The firm has some explicit costs that add up to $ 799 per day. The owner of the firm could earn $ 178 per day if he worked elsewhere. What is...
Study smarter with the SolutionInn App