Supply & Demand: PLEASE HELP!!! :)
1. Define the law of demand. Define the law of supply. Describe these terms in your own words and make sure to include an explanation of the relationship between price and quantity.

2. When prices change, how is that reflected on a given supply or demand curve? For instance, if the price of a particular chocolate bar increases, will demand or quantity demanded change? Explain.

3. List the determinants of demand name three.

4. List the determinants of supply name three.

5. Define market equilibrium and explain how it is determined.

Answers

Answer 1

1. The law of demand states that, all else being equal, as the price of a good or service increases, the quantity demanded for that good or service will decrease, and vice versa.

2. When prices change, it is reflected as a movement along the given supply or demand curve.

3. a) Price of the good or service

b) Income of consumers

c) Consumer preferences and tastes

4. a) Price of inputs

b) Technology and productivity

c) Government regulations and taxes

5. Market equilibrium refers to the point where the quantity demanded by consumers matches the quantity supplied by producers at a particular price.

1. The law of demand states that, all else being equal, as the price of a good or service increases, the quantity demanded for that good or service will decrease, and vice versa. In other words, there is an inverse relationship between price and quantity demanded.

This law is based on the assumption that consumers are rational and will seek to maximize their utility or satisfaction by purchasing goods or services at lower prices.

On the other hand, the law of supply states that, all else being equal, as the price of a good or service increases, the quantity supplied for that good or service will increase, and vice versa.

There is a direct relationship between price and quantity supplied. This law is based on the assumption that producers are rational and seek to maximize their profits by supplying more goods or services at higher prices.

2. When prices change, it is reflected as a movement along the given supply or demand curve. If the price of a particular chocolate bar increases, it will result in a change in quantity demanded, not demand itself.

Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a given price, while demand refers to the entire relationship between price and quantity demanded.

An increase in price will lead to a decrease in quantity demanded, as consumers may find the chocolate bar less affordable or seek cheaper alternatives. This movement is represented as a shift along the demand curve, showing a new quantity demanded at the new price point.

3. The determinants of demand include:

a) Price of the good or service: A change in the price of a product will directly impact the quantity demanded.

b) Income of consumers: Higher income levels generally lead to an increase in demand for most goods, especially normal goods.

c) Consumer preferences and tastes: Changes in consumer preferences or trends can significantly affect the demand for certain products.

4. The determinants of supply include:

a) Price of inputs: The cost of resources and inputs used in production, such as labor, raw materials, and energy, can affect the supply of goods or services.

b) Technology and productivity: Improvements in technology and productivity can increase the supply by reducing production costs.

c) Government regulations and taxes: Regulations, subsidies, and taxes imposed by the government can influence the cost of production and, consequently, the supply of goods or services.

5. Market equilibrium refers to the point where the quantity demanded by consumers matches the quantity supplied by producers at a particular price. It is the state of balance in the market, where there is no excess supply or excess demand. Market equilibrium is determined by the intersection of the demand and supply curves.

When the quantity demanded exceeds the quantity supplied, a shortage occurs, and prices tend to rise. On the other hand, when the quantity supplied exceeds the quantity demanded, a surplus occurs, and prices tend to fall. The market adjusts through the price mechanism until the equilibrium price is reached, where supply and demand are in balance.

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Related Questions

what is the process of granting the user access only to the resources he or she is permitted to use

Answers

The process of granting the user access only to the resources he or she is permitted to use is called "authorization."

Authorization is the process of determining whether an individual, program, or system has the necessary permissions and rights to access specific resources or perform certain actions within a system or application. It involves specifying what a user can or cannot do within a system, based on the user's identity, role, and privileges.

his helps to ensure that users can only access the resources and perform the actions that are necessary for their job or role, and that they are prevented from accessing or modifying sensitive or restricted data or settings.

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Branson Belts makes handcrafted belts. The company budgets production of 377,850 belts during the second quarter. Each belt requires 3. 50 direct labor hours, at a cost of $18. 80 per hour. Prepare a direct labor budget for the second quarter

Answers

The direct labor budget for the second quarter is $24,879,630, which represents the total cost of direct labor required to produce the budgeted quantity of handcrafted belts during the period.

To prepare the direct labor budget for the second quarter, we need to calculate the total direct labor cost required to produce the budgeted quantity of 377,850 belts.


Direct labor cost per belt = Direct labor hours per belt x Direct labor cost per hour
= 3.50 x $18.80
= $65.80

Total direct labor cost for 377,850 belts = Direct labor cost per belt x Number of belts budgeted
= $65.80 x 377,850
= $24,879,630


It is important for Branson Belts to accurately budget its direct labor costs to ensure that it can effectively manage its labor expenses and achieve profitability targets. By preparing a direct labor budget, the company can also assess its staffing needs and allocate its resources efficiently to meet production demands.

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Which of the following would help a hiring manager determine whether a
recruiting resource is effective?
A. Comparing the diversity of internal versus external candidates
B. Comparing retention and turnover results from different recruiting
sources
C. Comparing salaries at multiple corporations
D. Creating job listings on multiple social media sites

Answers

B. Comparing retention & turnover...

A big crowd is watching a football game. Suddenly, everyone jumps to their feet and starts cheering. The home team scored a touchdown. They are now in the lead. What is the stimulus in this scenario?

A) They are now in the lead.
B) The home team scored a touchdown.
C) A big crowd is watching the game.
D) Suddenly, everyone jumps to their feet and starts cheering.

Answers

B)

Explanation:

the definition of stimulus is something that causes a reaction so b is the only one that makes sense

Which of the following choices incur speculative risk?

a.stocks

b.fire insurance on a house

c.options

d.life insurance


e.high interest savings account

Answers

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

What are Stocks?

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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Complete this paragraph about the impact of trade on American jobs based on the video you just watched.
New Balance manufactures its shoes in
. The Obama administration proposed a trade agreement called the
. It is
to hire Vietnamese workers than American workers. New Balance executives are hoping to avoid their workers losing their
because of the trade agreement.

Answers

Answer:

The radius of the earth is 6371 km and the weight of an object on the earth is 800 N. The weight of the object at an altitude of 6371 km above the surface of the earth

Answer:

New England

Trans-Pacific Partnership

10 times cheaper

Jobs

Explanation:

I need two answers please by 2pm today.
Are you motivated more by intrinsic rewards (satisfaction, sense of accomplishment, etc.) or by extrinsic rewards (money, bonuses, etc.)?

Answers

Intrinsic rewards can be more satisfying to a worker than extrinsic ones, because internal motivation is something natural that does not depend on external stimuli.

How does an employee get motivated?

There is a set of characteristics that helps in motivation in the work environment. Intrinsic rewards correspond to job satisfaction. To be achieved, the employee needs to feel valued and fulfilled with their responsibilities at work.

Extrinsic rewards are related to external motivations, such as a good salary and bonuses.

Therefore, motivation is essential in the workplace, as it stimulates employee productivity, satisfaction and integration.

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True or false. Your employer is responsible to make contributions, on your behalf, to the federal insurance contributions

Answers

Answer:

yes it is true

I HOPE THIS HELPS

TAKE CARE

Explanation:

What is added to the price of goods and services at the time of purchase?​

Answers

Answer:

VAT

Value Added Tax

______________'_''

Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry

Answers

Answer:

industry because here based the all the business in whole world

What are three examples of a trade-off?

Answers

A trade-off refers to a situation where choosing one option or action means giving up something else. Here are three examples of trade-offs: Time vs. Money, Quality vs. Cost, Short-term vs. Long-term gain.

Time vs. Money: One of the most common trade-offs is between time and money. If you work more hours, you can earn more money, but you'll have less free time to spend with your family and friends or pursue your hobbies. On the other hand, if you choose to work fewer hours, you'll have more free time, but you'll earn less money.

Quality vs. Cost: Another example of a trade-off is between quality and cost. If you want the highest quality product or service, you may need to pay more for it. However, if you choose a lower-cost option, you may have to compromise on quality.

Short-term vs. Long-term gain: A third example of a trade-off is between short-term and long-term gain. If you choose to prioritize short-term gains, you may achieve immediate success or satisfaction, but it may come at the expense of long-term success.

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On November 1, 2021. New Morning Bakery signed a $209,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2022 New Morning Bakery should record which of the following adjusting entries at December 31, 2021? (Do not round your intermediate calculations.) Multiple Choice Debit interest Expense and credit Cash, $2,090 Debit Interest Expense and credit Cash $6.270 Debit Interest Expense and credit interest Payable, 56,270 Debit interest Expense and credit interest Payable, 52,090

Answers

New Morning Bakery should record the following adjusting entry at December 31, 2021: Debit Interest Expense and credit Interest Payable, $2,090.

The note payable is for $209,000 with a 6% interest rate and a term of six months. To determine the amount of interest expense to be recorded for the period ending December 31, 2021, we need to calculate the interest accrued from November 1, 2021, to December 31, 2021.

Interest accrued = Principal amount × Interest rate × Time

Principal amount = $209,000

Interest rate = 6% or 0.06

Time = 2 months (November and December)

Interest accrued = $209,000 × 0.06 × (2/12) = $2,090

Therefore, the adjusting entry at December 31, 2021, should be:

Debit Interest Expense $2,090

Credit Interest Payable $2,090

To record the interest expense accrued from November 1, 2021, to December 31, 2021, New Morning Bakery should make an adjusting entry that debits Interest Expense for $2,090 and credits Interest Payable for $2,090. This entry recognizes the interest expense incurred during the period and reflects the liability for the accrued interest payable.

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What does the term “smalling up” mean, according to white? What ways have you or people you know had to “small up”? If you haven’t, what ways could you?

Answers

Instead of buying what she would normally buy White purchased a smaller item and would save money over time to eventually make a higher purchase. I normally buy starbucks but now I make coffee at home and save that money to buy a car.

As the term “smalling up” mean, according to white to make the amount as the way that they spend their money.

What are white people?

Greco-Roman archaeology and other historical or historical texts occasionally refer to inhabitants as "White" in relation to their skin tone, predating this idea, but these cultures had no concept of a White or pan-European race. In the latter seventeenth century, the phrase "White race" or "White people," which refers to their pale complexion among several other physical traits, reached the major European languages.

White mentions "smalling up," which is steering clear of things you don't need to save money, and "bridgework," which entails accepting employment that may under your skill level or pay grade. White made a smaller expenditure than she would have ordinarily done in order to save money for a larger one in the future.

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Discuss the importance of vision, mission, goals, and objectives setting within the context of the business environment.

PLEASE HURRY THIS IS A TEST

Answers

Answer:

All of these options are critical in setting the trajectory of the business. A vision statement is a brand looking toward the future and saying what it hopes to achieve through its mission statement.  A mission statement clarifies what the company wants to achieve, who they want to support, and why they want to support them. Business goals define the "what" of a business's purpose whereas business objectives define the "how." Business goals typically only provide a general direction that a company will follow whereas business objectives clearly outline actionable steps.

When he worked in the office alongside his co-workers and supervisor, Nikola just had to show up for eight hours and everyone thought he was productive. However, now that he works remotely, he feels he has to prove he's been working by getting projects done and sending them to his boss, and he has actually become more productive as a result. Nikola's experience is an example of one of the benefits of __________.

Answers

The given scenario of the remote work which Nikola does is an example of telecommuting.

What is Telecommuting?

This refers to the practise of working from home making use of internet based devices to communicate and execute tasks.

With this in mind, we can see that based on the scenario, Nikola had to show up for 8 hours to be thought productive by his co-workers and when he started working remotely, he became even more productive and this is an example of telecommuting.

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A tax that takes a higher percentage of income from people with lower
incomes is a
A. progressive tax
B. deductive tax
C. dependent tax
D. regressive tax

Answers

A regressive tax is a  tax that takes a higher percentage of income from people with lower incomes. Hence, option D is correct.

What is regressive tax?

When the overall tax burden drops as income increases, the tax is said to be regressive. While middle- and high-income taxpayers suffer a proportionally smaller part of the tax burden, low-income taxpayers bear a disproportionately large share.

Every taxpayer, regardless of economic level, pays the same amount of money, a regressive tax may initially seem to be a fair method of taxing residents. A closer analysis reveals that such a tax results in lower-income persons paying a bigger percentage of their income than do wealthy ones.

Thus, option D is correct.

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The market demand is the: a. sum of all individual demand curves and supplies in a market. b. vertical sum of all individual demand curves. c. horizontal sum of all individual demand curves in a market. d. horizontal sum of all individual prices in a market.

Answers

A market is largely known as an institution that brings buyers and sellers in one place. The market demand is the horizontal sum of all individual demand curves in a market.

What is the market demand curve?

This is referred to  one that has the horizontal sum of individual demand curves.

The demand curve is one that depicts the relationship between price and quantity demanded.

The market demand is known to be the sum of all of the individual buyer's demand curve.

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v,j,j,hjhyiuy8y8u0i0ip

Answers

Answer:

v,j,j,hjhyiuy8y8u0i0ip

Explanation:

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You purchased a stock at a price of $42.17. The stock paid a dividend of $1.55 per share and the stock price at the end of the year is $47.77. What is the capital gains yield?
Multiple Choice
3.68%
11.14%
13.28%
11.72%
16.96%

Answers

The capital gains yield on the stock is 11.72%.The capital gains yield is a measure of the return on a stock that does not include dividends. It is calculated by dividing the change in stock price by the initial stock price, and then expressing the result as a percentage. The formula for capital gains yield is:Capital gains yield = [(Ending stock price – Beginning

stock price) / Beginning stock price] x 100In this case, the initial stock price is $42.17 and the ending stock price is $47.77. Therefore, the capital gains yield is:[(47.77 – 42.17) / 42.17] x 100= 13.28%However, the stock also paid a

dividend of $1.55 per share. To calculate the total return on the stock, we need to include the dividend in our calculation. The formula for total return is:Total return = [(Ending stock price + Dividends) – Beginning stock price] /

Beginning stock price x 100In this case, the total return on the stock is:[(47.77 + 1.55) – 42.17] / 42.17 x 100= 16.96%Therefore, the capital gains yield on the stock is 11.72%.

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The capital gain yield is 11.72%. The capital gains yield when a stock pays a dividend is equal to the sum of capital gain and dividend yield. The stock price at the beginning and end of the year is used to determine the capital gain yield.

Step-by-step explanation:

First, determine the capital gain. Capital gain is the difference between the ending and beginning stock prices. The difference is:$47.77 - $42.17 = $5.60

The dividend yield is equal to the dividend paid divided by the stock price at the beginning of the year. The dividend yield is:$1.55 ÷ $42.17 = 3.68%

Finally, the capital gains yield is equal to the sum of capital gain and dividend yield. The capital gains yield is 11.72% = 5.60 ÷ 42.17 + 3.68%

Therefore, the capital gain yield is 11.72%.

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What are the functions of money?
A. A measure of debt
B. A storehouse of value
C. A form of bartering
D. A unit of account
E. A medium of exchange

Answers

Answer:

E,C, and D, and B

Explanation:

The functions of money are- a measure of debt, a storehouse of value, a unit of account, and a medium of exchange. Thus all the options except C are the functions of money.

What is money?

Money is any item or verifiable record that is widely accepted in a particular country or socio-economic context as payment for goods and services and repayment of debts, such as taxes.

Money serves as a medium of exchange, a unit of account, a store of value, and, in some cases, a standard of deferred payment. Money was historically an emerging market phenomenon with intrinsic commodity value.

Its value is derived as a result of social convention, having been declared legal tender by a government or regulatory entity; that is, it must be accepted as a form of payment within the borders of the country, for "all debts, public and private."

Therefore, options A, B,D, and E are the functions of money.

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20 points!

Which sentence indicates that Brian has instituted a loyalty program?

(1) Brian runs a juice bar that sells fresh juice products. (2) He hopes customers will drink the juices to stay healthy. (3) He offers a free juice for every customer who buys nine juices. (4) He also advertises the health benefits of fresh juice. (5) He hopes such an advertisement will attract new customers.

Answers

Answer:

So, the correct option is (3) He offers a free juice for every customer who buys nine juices.

Explanation:

A customer loyalty program or rewards program is a marketing strategy that rewards loyal customers that frequently engage with a brand.

So, the correct option is (3) He offers a free juice for every customer who buys nine juices.

Answer:

Offers free juice.....

Explanation:

correct on test

Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue

Answers

Individual income taxes
Social Security and Medicare taxes
Corporate income taxes
Excise taxes
Custom duties
miscellaneous revenue

Suppose two Projects-X and Y- both costing Rs 500 each. Project A returns Rs 1000 after one year and Rs 250 after two years. On the other hand, Project B returns Rs 300 after one year and Rs 1000 after two years. Calculate NPV of projects at discount rates of 5 per cent and 10 per cent. What happens to projects’ (NPV-based) rankings at these discount rates? Why there is difference in ranking

Answers

At a discount rate of 5%, Project A has an NPV of Rs 622.96, and Project B has an NPV of Rs 942.77. At a discount rate of 10%, Project A has an NPV of Rs 534.76, and Project B has an NPV of Rs 855.37.

The rankings of the projects based on NPV change at different discount rates because the discount rate affects the present value of future cash flows. The higher the discount rate, the lower the present value of future cash flows, which can impact the ranking of projects.

To calculate the NPV of each project, we discount the cash flows of the projects at the given discount rates of 5% and 10%. The NPV is the sum of the present values of the cash flows minus the initial investment.

Using the provided cash flows and discount rates, the calculations for the NPV are as follows:

Discount rate of 5%:

Project A: NPV = \(-500 + 1000 / (1 + 0.05)^1 + 250 / (1 + 0.05)^2 = 622.96\)

Project B: NPV =\(-500 + 300 / (1 + 0.05)^1 + 1000 / (1 + 0.05)^2 = 942.77\)

Discount rate of 10%:

Project A: NPV = \(-500 + 1000 / (1 + 0.10)^1 + 250 / (1 + 0.10)^2 = 534.76\)

Project B: NPV = \(-500 + 300 / (1 + 0.10)^1 + 1000 / (1 + 0.10)^2 = 855.37\)

The rankings of the projects based on NPV change at different discount rates because the discount rate determines the weight given to future cash flows. A higher discount rate places more importance on immediate cash flows, reducing the present value of future cash flows. This can lead to a change in the rankings of the projects.

At a discount rate of 5%, Project B has a higher NPV than Project A, indicating that Project B is more favorable. This may be because the higher cash flow of Rs 1000 in the second year of Project B is more valuable at the lower discount rate.

At a discount rate of 10%, Project B still has a higher NPV than Project A, although the difference between their NPVs is smaller. This shows that Project B still outperforms Project A, but the lower discount rate reduces the gap between their rankings.

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What does health insurance cover? If you pass will they help with funeral cost?

Answers

Actually I’m pretty sure funeral insurance and health insurance are two totally separate types of insurance.

Answer:

Funeral or bereavement expenses aren't considered medical expenses and can't be paid for using funds from a Medical Savings Account plan. 

Consider a firm whose shareholders have agreed that, as legal owners of the firm, they wish to have the firm managed in such way as to have the stock price as high as possible. What would be the goal of such an objective?.

Answers

The goal of such an objective of increasing stock prices is frequently immediately linked to management's success in creating value.

How can a firm increase its share price?

A company's share price is decided by market supply and demand once it becomes public and its shares begin trading on a stock exchange. The price will rise if there is a large demand for its shares.

The long-term impact of a company's business actions is reflected in stock values. Investors might immediately realize capital gains by selling their shares in a company when it maximizes its stock price.

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Last week Sarah Carver worked 4 overtime hours at time-and-a-half pay. Her
regular pay rate is $8.70 per hour. What was her overtime
pay for the week

Answers

Answer:

34.80

Explanation:

8.70 times 4 is 34.80

Answer:

69.60

Explanation:

8.70 x0.5 = 17.4

17.4 is time and a half rate

17.4 x 4 = 69.60

4 is the hours she worked.

A company has a poor impression with the public. Who might they hire to make it better?
A.
A graphic designer
B.
An advertising agent
C.
A public relations manager
D.
A quality assurance professional

Answers

Answer:

c

Explanation:

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Lena Horn bought a Toyota Tundra on January 1 for $23,000 with an estimated life of 4 years. The residual value of the truck is $4,600. Assume a straight-line method of depreciation.
a. What will be the book value of the truck at the end of year 4?
b. If the Tundra was bought the first year on April 12, how much depreciation would be taken the first year?

Answers

The book value of the truck at the end of year 4 will be $4,600.The book value of an asset can be calculated by subtracting the accumulated depreciation from the initial cost of the asset.

Given information: Initial cost of the truck = $23,000 Estimated life of the truck = 4 years Residual value of the truck = $4,600 Depreciation expense per year = (Initial cost - Residual value) / Estimated life Depreciation expense per year = ($23,000 - $4,600) / 4 = $4,350 To find the accumulated depreciation at the end of year 4, we multiply the depreciation expense per year by the number of years: Accumulated depreciation at the end of year 4 = Depreciation expense per year * Number of years Accumulated depreciation at the end of year 4 = $4,350 * 4 = $17,400 Book value of the truck at the end of year 4 = Initial cost - Accumulated depreciation Book value of the truck at the end of year 4 = $23,000 - $17,400 = $4,600 Therefore, the book value of the truck at the end of year 4 will be $4,600. b. If the Tundra was bought on April 12 of the first year, the depreciation taken in the first year will be based on the remaining months of the year.

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8. A debt of a business

Answers

Answer:

Description: Debt means the amount of money which needs to be repaid back and financing means providing funds to be used in business activities. An important feature in debt financing is the fact that you are not losing ownership in the company.

The practitioner completes an incision and drainage of a patient's infected right heel, which tested positive for MRSA. What statement is true regarding how the perioperative team should perform postoperative cleaning after this patient leaves the OR?

Answers

Answer:

after the patient leave

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