Answer:
The answer is: D) raise the price, reduce the quantity, increase total revenues, and increase crime.
Explanation:
According to the law of supply and demand, when the supply of any given product is artificially lowered, the supply curve will shift:
- this will cause the price of that product to increase
- the profit margin of the suppliers will increase, increasing total revenue
- since illegal drugs would increase in crime, we can expect an increase in the crime rate on drug related crimes (e.g. addicts robbing).
Answer:
<em>Increase to Cash dividends</em>
Explanation:
The entry on declaration of dividend is Retained earnings debit and credit is given to dividend payable. The cash dividend will increase to shareholders as a result of this action. The dividend payable will increase. Cash is not affected when dividends is declared. Cash is affected only when dividend is paid on August 15, 2017. Cash dividend will not decrease since dividend is paid it will increase. There are total 2 entries passed one on July 15th for dividend declaration and on August 15th for dividend payment. The record date of July 31 is only for determining which shareholders are eligible for dividend and no entry is needed.
Answer:
negative
Explanation:
Complementary goods have a negative cross-price elasticity because the increase in price of one tends to a weak or fall in consumer demand of the second. For instance, a hike in petrol will lead to a decrease in consumer demand for cars thereby giving rise to alternatives to these goods (most likely, there would be a surge in subway or rail patronage)
I guess the correct answer is absolute threshold
You are studying in your dorm room, but your neighbor is blasting the television in the adjacent room. When you gently request that your neighbor turn the volume down until you cannot hear it, you are asking your neighbor to make the volume less than your absolute threshold.
Answer:
Check the following explanation.
Explanation:
Ans a - Aggregate demand will increase by $150.
Ans b - Aggregate supply will increase by $50 in the first year.
Ans c - The aggregate demand impact is bigger.
Ans d - If the tax reduction is permanent then the aggregate demand and aggregate supply will be equal in 3 years.
Ans e - The aggregate demand increases by 120. The aggregate supply increases by 20. The aggregate demand impact is bigger. If the tax reduction is permanent then the aggregate demand and aggregate supply will be equal in 6 years.