Business, 10.11.2020 14:00 iklassibrahim123

. Explain how the procurement process is handled by the city of Copenhagen

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Business, 22.06.2019 20:20

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Business, 23.06.2019 19:00

Astudent was asked to draw a demand and supply graph to illustrate the effect on the market for premium bottled water of a fall in the price of electrolyteselectrolytes used in some brands of premium bottledâ€‹ water, holding everything else constant. she drew the graph to the right and explained it asâ€‹ follows: â€‹"electrolyteselectrolytes are an input to some brands of premium bottledâ€‹ water, so a fall in the price of electrolyteselectrolytes will cause the supply curve for premium bottled water to shift to the rightâ€‹ (from upper s 1s1 to upper s 2 right parenthesis .s2). because this shift in the supply curve results in a lower price left parenthesis upper p 2 right parenthesis commap2, consumers will want to buy more premium bottled water and the demand curve will shift to the rightâ€‹ (from upper d 1d1 to upper d 2 right parenthesis .d2). we know that more premium bottled water will beâ€‹ sold, but weâ€‹ can't be sure whether the price of premium bottled water will rise or fall. that depends on whether the supply curve or the demand curve has shifted farther to the right. i assume that the effect on supply is greater than the effect onâ€‹ demand, so i show the final equilibrium price left parenthesis upper p 3 right parenthesisp3 as being lower than the initial equilibrium price left parenthesis upper p 1 right parenthesis .p1.â€‹" where is the flaw in theâ€‹ student's argument? supply will shift inward. demand will not shift. demand will shift inward.

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