Suppose the number of buyers in a market decreases and a technological advancement occurs also. what would we expect to happen in the market? a. equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. b. equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous. c. equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. d. none of the above is correct.
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Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?
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What is the correct percentage of texas teachers charged with ethics violations each year?
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Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?
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Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right
Answers: 3
Suppose the number of buyers in a market decreases and a technological advancement occurs also. what...
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