How would a decline in demand for imported commodities by the Chinese affect the market for cargo transportation to China? Demand for cargo transportation shifts to the left causing a decline in quantity supplied and price. Supply of cargo transportation shifts to the right causing an increase in quantity demanded and decline in equilibrium price. Supply of cargo transportation shifts to the right causing an increase in demand and equilibrium quantity and a decrease in equilibrium price. Demand for cargo transportation shifts to the left causing a decline in supply and equilibrium quantity and price.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How would a decline in demand for imported commodities by the Chinese affect the market for cargo transportation to China? Demand for cargo ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If bagels and doughnuts are substitute goods, then which scenario is likely to occur if the price of bagels is reduced? a. The demand curve for doughnuts will shift to the left. b. There will be a leftward movement along the bagel demand curve. c.
Answers (1)
When a government collects more revenue in one year than it spends, there is a budget?
Answers (1)
Eric believes works hard he will meet management's goals and that if he meets management's goals, he will get a raise, which he very much wants. Which process theory is this most consistent with?
Answers (1)
Econ-jammin' has recently discovered that its fans are made up of two distinct groups, which they can easily distinguish.
Answers (1)
LO 3.1Define and explain contribution margin ratio.
Answers (1)
New Questions in Business
Darren is a certified interior designer with a lucrative client list in the city of kelsa, situated in the state of touslon. his business affords him a substantial amount of goodwill from his clients.
Answers (1)
The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted) Direct materials and direct labor $ 770,000 Other variable manufacturing costs 135,000 Depreciation of factory building and manufacturing equipment
Answers (1)
Which of the following individuals are required to pay taxes to fund Social Security and Medicare? A. Employees. B. Employers. C. Self-employed individuals. D. Employees, employers, and self-employed individuals.
Answers (1)
Mopsun, a garment store, sells customized hoodies at $7 per unit. the total fixed costs add up to $8000 per year, and the variable costs add up to $3 per unit. how many hoodies should mopsun sell every year in order to cover all costs?
Answers (1)
Assume that a restaurant is hiring labor in an amount such that the MRC of the last worker is $16 and her MRP is $12. On the basis of this information we can say that:A. profits will be increased by hiring additional workers. B.
Answers (1)