Decrease in supply with no change in demand

Assignment Help Business Economics
Reference no: EM13150410

If the price of apples rises and the quantity of apples exchanged decreases, then we know that there cannot have been a: a. decrease in supply with no change in demand b. large decrease in supply and a small decrease in demand c. large decrease in supply and a small increase in demand d. large increase in demand and a small increase in supply

Reference no: EM13150410

Questions Cloud

Herfindahl index for domestic production : Suppose the Herfindahl index for domestic production of televisions is 5,000. Does this imply a very competitive or a noncompetitive environment?
Describe the common curriculum framework : Describe the common curriculum framework and the First Nations, Métis and Inuit education policy framework. Discuss how these initiatives may contribute to Indigenous education in systems of education.
Units production during the month : Pardee Company plans to sell 12,000 units during the month of August. If the company has 2,500 units on hand at the start of the month, and plans to have 2,000 units on hand at the end of the month, how many units must be produced during the month..
Find mean-standard deviation of sampling distribution x bar : Find the mean and the standard deviation of the sampling distribution of x bar, and find an interval containing 95.44 percent of all possible sample mean returns.
Decrease in supply with no change in demand : If the price of apples rises and the quantity of apples exchanged decreases, then we know that there cannot have been a: decrease in supply with no change in demand.
Equipment at end of two-year period : The cost of repairs during the same time period was $2,000 while a major overhaul which extended the life of the equipment cost $14,000. What is Jordan's basis in the equipment at the end of the two-year period?
Problem on disbursements for manufacturing overhead : The company's budgeted fixed manufacturing overhead is $77,220 per month, which includes depreciation of $9,720. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead o..
Explain what is the overall reaction order : Consider the following reaction: 2Mg + O2 --> 2MgO , Rate = k[Mg][O2]^2 Part A What is the overall reaction order? Express your answer as an integer. Part B What are the units of the rate constant k for this reaction?
Probability that height will be more than sixty nine inches : Mmean of 67 inches and a population standard deviation of 4 inches. For any one person selected at random, what is the probability that their height will be: more than 69 inches?

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what would you expect to happen to costs

If congress took steps to consolidate banks, thereby reducing the total number to 2,500, illustrate what would you expect to happen to costs within the banking industry.

  Illustrate what is his reservation wage

Assume he takes welfare and does not work. Illustrate what is his reservation wage. He will not lose his welfare if he works.4. Suppose he is working and receives no welfare.

  Event of a rejection

Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.

  Elucidate what is the implication of the efficiency wage

Elucidate what is the implication of the efficiency wage theory for unemployment. In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages.

  How each of the subsequent events affects the equilibrium

Explain how each of the subsequent events affects the equilibrium price also quantity of pizza- the price of mozzarella cheese rises.

  Why they violate human right to water.

People should control water, not corporations. Water is a common resource and we all have an equal right to this precious resource and a responsibility to protect it. Pre-Paid Water Meters: Why they violate human right to water.

  Explain health function eventually bend downward

Assume that health production is subject to diminishing returns and that each unit of health care employed entails a constant rate of iatrogenic (medically caused) disease. Would product of health function eventually bend downward

  What would landowner have an incentive to control erosion

If the farmer rented her land from a landowner,would she have the same incentives to control soil erosion. What would the landowner have an incentive to control erosion.

  Compute both burton cummings explicit costs every month

Compute both Burton Cummings's explicit costs every month also his implicit costs every month. Compute the opportunity cost of the resources utilized by Burton Cummings each month.

  Illustrate what is the producer profit-maximizing

Illustrate what is the producer's profit-maximizing(loss-minimizing) output level. Illustrate what are the firm's economic profits.

  Freds fashion accessories of new jersey

Fred's Fashion Accessories of New Jersey produces jewelry for sale in Boston and New York subject.

  Purchasing power parity grasp for laptops

What would be the new equilibrium exchange rate that would make purchasing power parity grasp for laptops.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd