"As the supply and demand curves are dynamic, so is the equilibrium point." Explain this statement with an example
What will be an ideal response?
Answer: As variables affecting supply and demand change, so will the equilibrium price. For example, increased concerns about airline safety could encourage some travelers to choose alternatives such as automobile travel or web conferencing, thus reducing the demand for air travel at every price and moving the equilibrium point as well. Suppliers might respond to such a reduction in demand by either cutting the number of flights offered or lowering ticket prices in order to restore the equilibrium level.
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The rate of occurrence of persons eligible to participate in the study expressed as a percentage is called the completion rate
Indicate whether the statement is true or false
Profitability is the ability to provide financial rewards sufficient to attract and retain financing.
Answer the following statement true (T) or false (F)
If a defendant to a lawsuit does not answer the complaint, the result will be a(n):
A) default judgment. B) judgment on the pleadings. C) summary judgment. D) appellate judgment.
Here's a portion of the sensitivity analysis for the constraints. Which of these statements is best?
Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $E$10 Bar/Food 0 1560 0 5 16 $E$11 Budget 150000 3.4 150000 1E+30 96200 $E$6 Excursions 24.24 0 5 19.24 1E+30 $E$7 Restaurant 12 -1660 12 16 5 A) If the budget rises to $150,001, then the optimal mix will result in an increased revenue of $3.40. B) If the excursions rise to 6, then the optimal mix will result in increased revenue of $19.24. C) If the restaurant constraint increased to 13, the optimal mix will result in increased revenues of $1,660. D) If the bar/food constraint rises to 1560, then the revenue will rise by a factor of 16.