answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MatroZZZ [7]
1 year ago
9

What happens to the price and quantity of dog treats if the demand for dog treats increases and the supply of dog treats increas

es?
Business
1 answer:
kumpel [21]1 year ago
7 0

Answer:

Demand Increase = Supply Increase : No change in price, quantity increases

Demand Increase > Supply Increase: Price increase, quantity increase

Demand Increase < Supply Increase : Price decrease, quantity increase

Explanation:

Markets are at equilibrium where market demand = market supply. And, upward sloping supply curve intersects with downward sloping demand curve.

If both demand & supply of dog treats increase, the effect on change in price & quantity will depend on their relative magnitude

  • If increase in demand = Increase in Supply : Both the curves shift equivalently rightwards. At new equilibrium -  there is no change in price, as demand increase is fulfilled by supply increase. The equilibrium quantity increases
  • If increase in demand > Increase in Supply : Demand curve shifts more rightwards than supply curve. This creates excess demand & competition among buyers increase the new equilibrium price. The equilibrium quantity also increases.
  • If increase in demand < Increase in Supply : Supply curve shifts more rightwards than demand curve. This creates excess supply & competition among sellers reduce the new equilibrium price. The new equilibrium quantity increases.
You might be interested in
Bethany wants to buy a pair of designer boots. To find the best price, she searches the Internet and compares prices among the e
viva [34]

Answer:

The bargaining power of customers .

Explanation:

As Bethany wants to buy a pair of designer boots and to find the best price, she searches the Internet and compares prices among the eight sites that sell the boots, she is using the bargaining power of buyers or customers from the Porter's five competitive forces. This force illustrates that customers are definitely have many options available with them for buying a particular product. Customers will be having much power when the number of available options increases because it becomes very easy for the customers to choose from those options or they can switch to some other seller quite easily and quickly in this case. Conversely, consumers will have less power when there are only fewer options present in the market. In this case Bethany has 8 different web sites present in front of her and with the single click of mouse button and flick of her fingers, she can easily compare the prices and options, that's why she can practice her bargaining power.

6 0
1 year ago
Karlie Hastings is a writer (employee) for the Santa Fe Gazette and has an annual salary of $49,000. This year, she also realize
allochka39001 [22]

Answer:

$2,46500

Explanation:

Self-employment Earnings are profits made from carrying on a "trade or business" as a sole proprietor, an independent contractor, or some form of partnership. For a trade or business, to be considered self employment, does not have to be profitable, and it shouldn't be a full time thing but profit must be your motive.

To calculate your self employment income Subtract ordinary and necessary trade or business expenses from the gross income you derived from your trade or business.

Note that, the amount subject to self-employment tax is 92.35% of your net earnings.

Remember you pay income tax on your profits only, not your total income. Subtract your business expenses from your total income. This is the amount you will pay income tax on.

For Karlie

HI taxable Self employment earnings = $85,000

HI Self employment tax = ($85,000 × 0.29)

= $24650

Hence the portion of her earnings subjected to two parts of security tax is #2,46500.

5 0
1 year ago
Read 2 more answers
Nakama Corporation is considering investing in a project that would have a 4 year expected useful life. The company would need t
Fed [463]

Answer:

We have to assume specific tax rate to come up with the income tax expenses. Let assume the tax rate is 30%.

The income tax expense in year 2: $53,400.

Explanation:

We have:

Depreciation expenses of the equipment in the second year = (Initial cost - salvage value) / Useful life = (168,000 - 0)/4 = $42,000.

Profit before tax in year 2 = Sales in year 2 - operating expenses in year 2 - Depreciation expenses in year 2 = 520,000 - 300,000 - 42,000 = $178,000.

Income tax expense in year 2 = Profit before tax in year 2 x tax rate = 178,000 x 30% = $53,400.

So, the answer is $53,400.

5 0
2 years ago
On December 31, 2018, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela
Vadim26 [7]

Answer:

December 31, 2018, bonds are issued

Dr Cash 461,795

    Cr Bonds payable 450,000

    Cr Premium on bonds payable 11,795

amortization expense per coupon = $11,795 / 6 coupon payments = $1,965.83

June 30, 2019, first coupon payment

Dr interest expense 18,284.17

Dr Premium on bonds payable 1,965.83

    Cr Cash 20,250

The amortization of the premium on bonds payable decreases the interest expense.

7 0
1 year ago
While conducting business with a customer from Italy, Zoe was careful to speak slowly and clearly, using short sentences and fam
lana66690 [7]

Answer:

graciously accept the blame for not making her meaning clear.

Explanation:

In business communication when the message being passed is not clearly understood for one reason or the the other (in this case because of language barrier). The polite action to take is first to graciously accept blame for not passing the message across clearly, then find a solution to the communication gap.

Talking louder to the other party will be the wrong step to take as it will appear rude, so offer an apology which will give a positive environment.

The other options of ending the conversation and asking an Italian business man to explain what you mean in simple terms will be taken as a slight.

6 0
1 year ago
Other questions:
  • Which of the following investment choices is least risky?. . A.Flipping. B.Renting. C.CDs. D.Bonds. .
    8·2 answers
  • A country withholds funding from any college or university that does not accept women at the same rate as men. This action refle
    15·2 answers
  • Stretch goals" can be described as
    7·1 answer
  • What is the human capital perspective argument for diversity management in leadership and management?
    10·1 answer
  • In an effort to provide some structure to the value perspective, David Garvin of the Harvard Business School identified eight di
    14·1 answer
  • Service utility is rapidly becoming the most important utility for many ________ as they face competition from direct marketing
    14·1 answer
  • Discuss what the following statement means: ‘It can take years for a buyer/seller partnership to begin delivering results.’ 2. D
    11·1 answer
  • Concussions and Brain Size A recent study1 examined the relationship of football and concussions on hippocampus volume in the br
    12·1 answer
  • Suppose Cardullo’s gift cards expire after one year. A customer had a gift card for $100, of which he used $75 to purchase gourm
    11·1 answer
  • The Digby company will continue to train their existing workforce at their current level to help reduce turnover and improve pro
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!