Say that the original supply curve for avocados is the curve labeled S and the demand curve for avocados is the curve labeled D. If the supply curve moved from S to S1 and the demand curve did not move, at the new equilibrium we would conclude that
A. supply decreased and quantity demanded decreased.
B. supply increased and quantity demanded decreased.
C. price decreased and quantity demanded did not change.
D. supply increased and quantity demanded increased.
E. demand increased and quantity supplied increased.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Say that the original supply curve for avocados is the curve labeled S and the demand curve for avocados is the curve labeled D. If the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Excellent Inc. had a per-unit conversion cost of $3.00 during April and incurred direct materials cost of $112,000, direct labor costs of $84,000, and manufacturing overhead costs of $50,400 during the month.
Answers (1)
During a jury trial, a. each side in a criminal or civil case will present evidence to support their positionb. the prosecution presents evidence supporting the innocence of a defendantc.
Answers (1)
The 2016 financial statements of BNSF Railway Company report total revenues of $19,829 million, accounts receivable of $1,272 million for 2016 and $1,198 million for 2015. The company's accounts receivable turnover for the year is: Select one: A. 17.
Answers (1)
In the percent increase or decrease problems, the portion is A. ½ the original price. B. the amount of increase or decrease. C. the new price. D. the original price.
Answers (1)
1. Day Corp. holds 10,000 shares of its $10 par value common stock as treasury stock reacquired in Year 2 for $120,000. On December 12, Year 4, Day reissued all 10,000 shares for $190,000.
Answers (1)
New Questions in Business
Which OAuth URL parameter can be used to retain the originally requested page so that a user can be redirected correctly after OAuth authorization? A.
Answers (1)
Mr. Etemadi has prepared the following list of statements about service companies and merchandisers. Identify each statement as true or false: 1. Measuring net income for a merchandiser is conceptually the same as for a service company. 2.
Answers (1)
Sunland Company has the following account balances at year end:Office supplies $ 3800Raw materials 27500Work-in-process 59500Finished goods 97500Prepaid insurance 5400What amount should Sunland report as inventories in its balance sheet?1. $188300.2.
Answers (1)
Under the UCC Secured Transactions Article, which of the following actions will best perfect a security interest in a negotiable instrument against any other party?
Answers (1)
The ability of a multinational or global competitor to shift production from country to country to take advantage of exchange rate fluctuations, energy costs, wage rates, or changes in tariffs is an example of
Answers (1)