Business, 20.02.2020 20:07 hillmarilyn70pe8sy6

The market price of calzones in a college town decreased recently, and the students in an economics class are debating the cause of the price decrease. Some students suggest that the price decreased because several new pizza parlors have recently opened in the area. Other students attribute the decrease in the price of calzones to a recent increase in the price of beer. Everyone agrees that the increase in the price of beer was caused by a recent increase in the price of hops, which are not generally used in making calzones.

The first group of students thinks the decrease in the price of calzones is due to the fact that several new pizza parlors have recently opened in the area.

#1 On the following graph, adjust the supply and demand curves to illustrate the first group’s explanation for the decrease in the price of calzones.

Supp Supply Demand QUANTITY (Calzones)

#2 The second group of students attributes the decrease in the price of calzones to the increase in the price of beer.

On the following graph, adjust the supply and demand curves to illustrate the second group’s explanation for the decrease in the price of calzones.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:30

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

Answers: 2

Answer

Business, 22.06.2019 09:00

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Answers: 1

Answer

Business, 22.06.2019 13:30

What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?

Answers: 3

Answer

Business, 22.06.2019 15:20

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Answers: 2

Answer

You know the right answer?

The market price of calzones in a college town decreased recently, and the students in an economics...

Questions