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% (1 review)
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...
-
Currently, at age 29 you are entering the job market. You wish to retire at the age of 65 and your projected life span is to live until age 83. You figure that you can live comfortably on $85,000 per...
-
In a random sample of 150 trainees at a factory, 12 did not complete the training. Construct a 99% confidence interval for the true proportion of trainees not completing their training using the...
-
2. Cash basis $(3,400)Fantastic Catering completed the following selected transactions during May 2016: May 1 Prepaid rent for three months, $1,800. 5 Received and paid electricity bill, $200. 9...
-
Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job 1324) as summarized on the incomplete job cost sheet below. Job Cost Sheet Job Number:...
-
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...
-
Suppose that m = 75 slugs (the car weighs 2400 lb), L 1 = 7 ft, L 2 = 3 ft (it's a rear-engine car), k 1 = k 2 = 2000 lb/ft, and I = 1000 ft-lb-s 2 . Then the equations in (40) take the form (a) Find...
-
The general solution of the logistic equation P=P-P is P(t)= Suppose the initial population size is P(0)=5, find P(1). (Write down a numerical answer and keep two decimal places in your answer.)
-
Watch the video within the blog link. 1. What did you learn from all the information in the video? In the chapter below you have types of proposals. give a proposal - which type will you write...
-
Suppose that neither Boeing, nor Airbus receive any subsidy to invest. What is Boeing's equilibrium payoff in this game?
-
The functions f and gare such that f(x) = x +3 and g(x) = 12 Find fg(x) Give your answer as a single algebraic fraction expressed as simply as possible. (3 marks) fg(x)=0
-
A contractor knows that he must replace a mobile crane in ten years at an estimated cost of $600,000. How much should he deposit today and at the beginning of each of the next seven years (eight...
-
Evaluate Intels more recent marketing efforts. Did they lose something by dropping the Intel Inside tagline or not?
-
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...
-
Derive the number of futures contracts required to hedge a position in a well diversified portfolio of stocks. Briefly explain.
-
Does the company have any other incomes or expenses outside its normal operating bussiness?
-
The following information applies to Acorn Construction Company (ACC): Year 2 Year 1 Net sales $ 1,180,000 $ 750,000 Income before interest and taxes 165,000 99,000 Net income 74,000 59,500 Interest...
Study smarter with the SolutionInn App