Question: A simultaneous increase in both the demand for headphones and the supply of headphones would imply that A simultaneous increase in both the demand for

A simultaneous increase in both the demand for headphones and the supply of headphones would imply that A simultaneous increase in both the demand for headphones and the supply of headphones would imply that the value of headphones to consumers has increased and the cost of producing headphones has decreased. the value of headphones to consumers has decreased and the cost of producing headphones has increased. both the value of headphones to consumers and the cost of producing headphones has increased. both the value of headphones to consumers and the cost of producing headphones has decreased

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

The antenna tower is supported by three cables. If the forces of these cables acting on the antenna are FB = 520 N, FC = 680 N, and FD = 560 N, determine the magnitude and coordinate direction angles...

EC 2113 - Principles of Macroeconomics Professor: Dr. Heriberto Gonzalez Table 1 Price (dollars Quantity Quantity per pound demanded supplied of wheat) 4 36,000 4,000 8 32,000 8,000 12 28,000 12,000...

QUESTION 1 Money serves as a a. unit of account b. medium of exchange c. store of wealth d. all of the above QUESTION 2 Under which conditions is credit a contractual agreement in which a borrower...

QUESTION 1 A monopolistically competitive market has characteristics that are similar to a. both a monopoly and a competitive firm. b. a competitive firm only. c. neither a monopoly nor a competitive...

Microeconomics SIMULTANEOUS CHANGE IN DEMAND AND SUPPLY Assignment 2 - Final Period 1. The original demand and supply equations are Od = 120 - 10P and Qs = -5 + 5P respectively, solve for the new...

SIMULTANEOUS CHANGE IN DEMAND AND SUPPLY Assignment 2 - Final Period 1. The original demand and supply equations are Od = 120 - 10P and Qs = -5 + 5P respectively, solve for the new price and quantity...

A decrease in equilibrium price and indeterminate result on equilibrium quantity is a result of which of the following? Multiple choice question. A simultaneous increase in both supply and demand An...

Multiple Choice Question A decrease in equilibrium price and indeterminate result on equilibrium quantity is a result of which of the following? An increase in supply and a simultaneous decrease in...

What is comparative advantage? Select one: a.A government regulation which controls how much of a single product can be sold or produced in a competitive market. b.An economic policy of protecting...

1.The fact that the typical movie theatre charges people for popcorn but does not charge them to use the restrooms is an example of which of the four Cs? Select one: a. Custom. b. Cooperation c....

One. The long-run aggregate supply of an economy at the potential level of real GDP is graphically represented by: A) a horizontal line. B) an upward-sloping curve. C) a downward-sloping curve. D) a...

How do the MAD and MSE criteria differ in their approach to evaluating the fit of an estimation equation to a time series?

An alternative form of estimation is accomplished through the method of moments. The method involves equating the population mean and variance to the corresponding sample mean x and sample variance s...

Find d y d x if y = x 4 s i n 3 t d t . ( 1 point ) - 3 s i n 2 x c o s x - s i n 2 z s i n 3 x 3 s i n 2 x c o s x 1 4 s i n 4 x

What is the pH of a 0.125 mol L-1 ammonia solution? Express your answer numerically to two decimal places. View Available Hint(s) ? ...... pH Submit Part B What is the percent ionization of ammonia...

Assuming the final solution will be diluted to 1.00 L , how much more HCl should you add to achieve the desired pH? Express your answer to three significant figures and include the appropriate units....

0.65 g of hydrogen chloride (HCI) is dissolved in water to make 4.0L of solution. What is the pH of the resulting hydrochloric acid solution? Express the pH numerically to two decimal places. View...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

2. What information is conveyed through a particular type of metaphor? The answer to the question gives us insight into what code the person using the metaphor uses, and thus an insight into how...

2. Give six examples that silence (not saying anything) or not responding can be very informative to the other party.

1. Discuss the following statements: a) The smaller the unit of measurement used to measure a coastline, the longer the coastline becomes. b) The interpretation is different from what is interpreted....