Suppose the supply of a good declines. Will total revenue after the decline in supply be greater
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
A decline in the supply of a good will lead to an i...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
If the supply of a good declines, what happens to consumers surplus? Explain your answer and represent it diagrammatically.
-
Suppose the supply of apples sharply increases because of perfect weather conditions throughout the growing season. Assuming no change in demand, explain the effect on the-equilibrium price and...
-
1. Suppose the supply of money increases, causing output to exceed full employment. Prices will ______ and real GDP will ______ in the short run, and prices will ______ and real GDP will in the long...
-
Find a basis for the subspace Wspanned by {v1, v2 , V3, V4}. 2 Let vi = -3,v2 = 2 ,v3 -2,v4 = 3
-
You are the accounting representative on a project team for a new integrated enterprise system that will include a new accounting system. The team is evaluating the following two options: Option A:...
-
The solid cylinder has a body cone with a semi-vertex angle of 20. Momentarily the angular velocity w has a magnitude of 30 rad/s and lies in the y-z plane. Determine the rate p at which the cylinder...
-
Verify that both the pressure and the vorticity field satisfy the Laplace equation for Stokes flow. Verify that the velocity field satisfies the biharmonic equation \[\begin{equation*}abla^{4}...
-
1. Because of inflation, Jake expects the price at which he can sell the trees to increase by 3% per year. What price does he expect to receive if he keeps the trees until they reach 8 feet or 10...
-
Farr Demolition stock sells for $23 per share. The firm has a rights offer outstanding for new equity shares. DeAndrea currently owns 200 shares. She just received one right for every share she owns....
-
Analyzing Financial Statement Information. The Fayette Corporation has applied to the Irving National Bank for a $100,000 loan to purchase new equipment for its manufacturing operations. As part of...
-
What does it mean to say that price elasticity of demand is 1.22?
-
A tax is placed fully on the sellers of a good. If the demand for the good is perfectly inelastic, who ends up paying the tax? Explain your answer and represent it diagrammatically.
-
A particle of mass \(9.1 \times 10^{-31} \mathrm{~kg}\) and carrying an unknown quantity of charge is shot at a velocity of \(2.0 \times 10^{4} \mathrm{~m} / \mathrm{s}\) to the right and enters the...
-
Evaluate Starbucks' extension decisions: to put Starbucks on airlines, to open Starbucks in bookstores, to open Starbucks outlets in grocery chains, to license Starbucks ice cream, to offer oatmeal,...
-
In this chapter, we learn that most new cars arent sold at their list price but are sold at a discount and that this allows dealerships to charge more to customers with inelastic demand. At the same...
-
What firms have changed from components to offering systems? Have they obtained an innovator's advantage?
-
On September 29, 2008, the stock market fell almost 7%. How can we reconcile these kinds of huge losses in the stock market with the efficient market hypothesis?
-
University of Richmond Professor Erik Craft analyzed the states pricing of vanity plates. He found that in California, where vanity plates cost an average of $28.75, the elasticity of demand was...
-
Use the approach of Exercise 77 to show that for any constant c. Exercise 77 Draw two graphs of your choice that represent a function y = f (x) and its vertical shift y = f (x) + 3. Pick a value of x...
-
Suppose the index goes to 18 percent in year 5. What is the effective cost of the unrestricted ARM?
-
You are the manager in a market composed of five firms, each of which has a 20 percent market share. In addition, each firm has a strong financial position and is located within a 100-mile radius of...
-
Use the accompanying graph to answer the questions that follow. a. Suppose this monopolist is unregulated.(1) What price will the firm charge to maximize its profits?(2) What is the level of consumer...
-
You are an industry analyst that specializes in an industry where the market inverse demand is P = 100 5Q. The external marginal cost of producing the product is MC External = 10Q, and the internal...
-
Gilbert Canned Produce (GCP) packs and sells three varieties of canned produce: green beans; sweet peas; and tomatoes. The company is currently operating at 82 percent of capacity. Worried about the...
-
The accounting records of Allen Insulation, Inc. reflected the following balances as of January 1, 20x0: Beginning Inventory: $190 units @ $120 The following transactions occurred in 20x0: January...
-
Sarasota Limited has a calendar-year accounting period. The following errors were discovered in 2023. 1. The December 31, 2021 merchandise inventory had been understated by $50,400. 2. 3. Merchandise...
Study smarter with the SolutionInn App