Business, 02.07.2019 07:40 kiaragoodman7117

New oak tables are normal goods. what would happen to the equilibrium price and quantity in the market for oak tables if the price of maple tables rises, the price of oak wood rises, more buyers enter the market for oak tables, and the price of the glue used in the production of the new oak tables increased? a. price will fall, and the effect on quantity is ambiguous. b. quantity will rise, and the effect on price is ambiguous. c. quantity will fall, and the effect on price is ambiguous. d. price will rise, and the effect on quantity is ambiguous.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 18:20

Uppose the book-printing industry is competitive and begins in a long-run equilibrium. then hi-tech printing company invents a new process that sharply reduces the cost of printing books. suppose hi-tech's patent prevents other firms from using the new technology. which of the following statements are true about what happens in the short run? check all that apply. hi-tech's average-total-cost curve shifts downward. hi-tech's profits increase. the price of books remains the same. hi-tech's marginal-cost curve remains the same.

Answers: 1

Answer

Business, 22.06.2019 23:20

Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $

Answers: 2

Answer

Business, 22.06.2019 23:30

Sports leave thousands of college athletes with little time for their studies. this is an example of

Answers: 1

Answer

Business, 23.06.2019 01:30

What is the minimum educational requirement for a pediatric psychopharmacologist? a. md b. phd c. bachelors in medicine d. masters in medicine e. psyd

Answers: 3

Answer

You know the right answer?

New oak tables are normal goods. what would happen to the equilibrium price and quantity in the mark...

Questions

Business, 26.08.2021 17:00

Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't mean they go out of their way...