Business, 15.02.2020 01:56 treaustin6978

The demand for automobiles is expected to decrease this year. Other things being equal, which of the following is the best forecast of the impact of this change in demand on the automobile market?

Select one:
a. An increase in the market equilibrium price and a decrease in the market equilibrium quantity of automobiles sold.

b. A decrease in the market equilibrium price and an increase in the market equilibrium quantity of automobiles sold.

c. A decrease in both the market equilibrium price and the market equilibrium quantity of autos sold.

d. An increase in both the market equilibrium price and market equilibrium quantity of autos sold.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:20

In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.

Answers: 2

Answer

Business, 21.06.2019 21:10

Strawberry plants reproduce by

Answers: 1

Answer

Business, 22.06.2019 04:50

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.

Answers: 1

Answer

Business, 22.06.2019 20:30

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.

Answers: 3

Answer

You know the right answer?

The demand for automobiles is expected to decrease this year. Other things being equal, which of the...

Questions