Business

Jenny Mccarthy

13 August, 14:41

The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the demand shift?

a. the shortage decreases.

b. the surplus increases.

c. the surplus decreases.

d. the shortage increases.

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve ...” 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

Which of the following bankruptcy verdicts for consumers permit removal of some debts? a. Chapter 7 b. Chapter 11 c. Chapter 13 d. All of the above e. None of the above

Why did people need to buy or sell products and services?

Jade puts up a collection of sports memorabilia for bids on BuyBay, an Internet auction site. Khalil makes the highest bid and sends the payment, which Jade receives, but she does not send the collection. This is online a. hacking. b. identity theft.

Bob Shockey borrowed $25,000 from his $250,000 cash value life insurance policy to send his daughter to private college. Assuming he pays interest as in accrues, if Bob dies before the debt is repaid his beneﬁciary will receivea. $275,000. b.

A person is mad at their roommate so out of spite they decide to intercept a credit card offer in the mail, and fill it out in their roommate's name.

New Questions in Business

You have graduated from college and, after working hard for ten years, have scraped enough money together to make a down payment on a forty-acre farm within driving distance to the small city where you work in Colorado.

A company that formerly produced music cds went out of business because too many potential customers bought illegally-produced copies of the cds instead of buying the product directly from the company. this instance serves as an example of a.

A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an estimated useful life of 40 years.

Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,300 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 3,800 lbs.

During the 1800s, there was an increase in nationalism among European countries, and many people advocated for countries being set up along ethnic or linguistic lines.