Managerial efforts to boost a company's stock price should entail such actions as
1 answer:
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Answer:
"$2,500" is the appropriate answer.
Explanation:
The question given seems to be incomplete. Below there is a attachment of full question is provided.
The given values are:
Plywood's price,
= $6 per sheet
Price falls,
= $4
Now,
At price $6, the consumer surplus will be:
=
=
= ($)
When price falls, the consumer surplus will be:
=
=
= ($)
Hence,
The increase in consumer surplus will be:
=
= ($)
Answer:
Decreases and the equilibrium quantity increases
Explanation:
If more children join Susie in the lemonade business, the supply of lemonade would increase. This is indicated by a rightward shift of the supply curve. Because supply has increased relative to demand , price would fall and equilibrium quantity would increase.
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