- When supply of a commodity increases without change in price, it is called

Q: Refer to Figure 3-1. The rate of trade-off between producing chairs and producing couches is…

A: Let us define the concept of opportunity cost. Opportunity cost theory states that the cost of a…

Q: what about question g

A: Equilibrium price is a fundamental concept in economics that refers to the price at which the…

Q: Answer the questions a through f

A: As per company policy we are only supposed to answer one question up-to 3 subsets in one session, so…

Q: how do you write an audit of how you nonverbally communicate?

A: Title: Audit of Nonverbal Communication SkillsIntroduction:This audit aims to evaluate and assess…

Q: You see an advertisement for a used car. The owner has not set a price but asks for people to make…

A: The true value of the car is likely to be around $1000 to $9000. The average of the true value is…

Q: If the value of the CPI in 2010 was 218.1 and the value of the CPI in 2011 was 224.9, calculate the…

A: Inflation rate can be calculated as follows.

Q: Describe the Emergencies Act. Why was it most recently used?

A: Describe the Emergencies Act. Why was it most recently used?

Q: I need help with this

A: OPPORTUNITY COST:     Opportunity cost is the benefit lost by an individual, investors, or business…

Q: When does the money have time value?

A: The concept of the time value of money is based on time preferences and the fact that it can be…

Q: Can you please provide your work.

A: (c) Consumers problem can be written as       1) Maximize utility subject to budget constraint…

Q: It tells me these are not correct either

A: The internal growth rate is a financial metric that represents the maximum rate at which a company…

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.