Answer:
D. supply increased and quantity demanded increased.
Explanation:
When supply curve moved from s to s1 , supply increased . demand curve did not move . Then the new equilibrium will shift towards the lower price with demand also showing increasing trend to balance supply but at lower price.
Answer:
Bond issue price $892,100
Face value $949,000
Discount on bond $56,900
Number of Interest payments (10 years x 2) 10
Discount to be amortized per payment $5,690
Interest on bond $51,210
Date Description Debit Credit
Dec. 31 Bond interest expense $56,900
Discount on bonds payable $5,690
Cash $51,210
(Interest on bond paid and Premium amortized)
Answer:
An increase in quantity will automatically lead to a reduction in price.
An increase in price will lead to an increase in quantity supplied.
Explanation:
Option “2” and “4” are correct because the increase in quantity supplied shifts the supply curve rightwards and resulting in the price falls. While the positive relationship between price and the quantity supplied leads to an increase in supply when price increases. When price increases then the producer finds more profitable to supply more quantity. Thus, in order to curb more profit, the producer supplies more quantity when price increases.
Answer:
The correct answer is option a.
Explanation:
The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.
A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.
So, option a is the correct answer.
Traditionally, small businesses tended to be concentrated in the retail or retailing industry.
The retail industry involves a business that sells good or services to a consumer. The sell these items based on the demand of the good or service. Even today, the retail industry is growing fast and still one of the main focuses of small businesses.