What is fixed expenses and variable expenses?

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Answer 1

Rent, house payments, and auto payments are examples of fixed expenses that typically cost same amount per month, whereas variable expenses fluctuate from month to month.

What is meant by fixed expenses?

Fixed costs are costs that do not alter depending on the activity level. These costs often don't change much more from month - to - month and are relatively constant. Advertising, dues, plan assets, insurance, and rent are a few examples of fixed expenses.

Where are the fixed expenses?

Any expense that is constant throughout time, such as rent or mortgage payments, utility bills, including loan payments, is referred to as a fixed expense. Although the amounts might vary slightly—as with utilities—you are aware that they are regularly due.

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the city government spent $500 million more than it had in tax revenue this year. what would be the impact on the city's budget and national debt?

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The city government spent $500 million more than it had in tax revenue this year. There is a deficit in the budget, and as a result, the debt will grow by a deficit of  $500 million

What is tax revenue as it relates to budget?

Generally, Tax revenue is defined as the sum of all revenues collected from various types of taxation, including but not limited to taxes on income and profits, social security contributions, taxes imposed on goods and services, payroll taxes, taxes on the ownership and disposition of ownership, and other types of taxes.

This year, the municipal administration had expenditures that were $500 million more than the tax money it had collected. Due to the fact that there is a deficit in the budget, the amount of debt will continue to increase.

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What is the 14th 15th and 16th Amendments?

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Answer:

The 13th Amendment abolished slavery. The 14th Amendment gave citizenship to all people born in the US. The 15th Amendment gave Black Americans the right to vote.

Explanation:

What are 4 things you should consider before opening a checking account?

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Four things you should consider before opening a checking account: Insurance, Minimum deposit requirements, Fees, and ATM network.

A bank account is a relatively liquid kind of transaction account with a bank or other monetary firm that permits the holder to make deposits and withdrawals. Checking debts are designed to be used daily, making an allowance for numerous deposits and withdrawals, in place of much less liquid financial savings or funding debts.

Checking account: A checking account offers clean get entry to your cash to your everyday transactional wishes and enables maintain your coins relaxed. customers can generally use a debit card or assessments to make purchases or pay bills. accounts may additionally have special alternatives to assist keep away from the month-to-month service fee.

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dollar diplomacy examples

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Dollar diplomacy sought to bolster the suffering economies of Latin American and East Asian international locations at the same time as additionally expanding U.S. commercial pursuits in one area. U.S. interference in Nicaragua, China, and Mexico as a way to shield American hobbies are examples of dollar diplomacy in action.

Dollar diplomacy relations, foreign coverage created by means of U.S. Pres. William Howard Taft (served 1909–13) and his secretary of the kingdom, Philander C. Knox, to make certain the economic balance of a location whilst defensive and extending U.S. business and financial hobbies there.

From 1909 to 1913, President William Howard Taft and Secretary of kingdom Philander C. Knox accompanied an overseas coverage characterized as "dollar diplomacy". It become a policy wherein Americans have an impact on what could be exerted mostly by means of American banks and economic interests, supported in part by means of diplomats.

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What the difference between standard deduction and itemized?

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Standard deduction is a benefit that eliminates the need for many taxpayers to itemize actual deductions. However, if your ITEMIZED DEDUCTIONS are higher, you will want to itemize to get the lower tax liability.

The standard deduction is a set monetary amount that lowers your taxable income. Your filing status affects the standard deduction you are eligible for. Second, you might be interested in knowing the standard deduction amounts.

Your adjusted gross income (AGI) is also reduced by itemized deductions, although they operate differently from a basic deduction. The amount of itemized deductions varies from taxpayer to taxpayer, unlike the standard deduction.

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What is the direct financing?

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Direct financing occurs when you request for a loan from the same lender—typically a bank or other financial institutions.

If you choose direct financing, the dealership will provide you with information on your specific loan or interest rate as well as the total amount you must pay there. Two of the key advantages of direct finance are its versatility and customizability. You can fill out as many loan applications as you'd like, either before or after shopping. Plus, you have total control over the process when dealing with a lender directly.

One disadvantage of direct funding is that it often takes more time. You should also do some research to determine your best possibilities.

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What is tamper-evident container?

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TEP, or tamper evident packaging, is a kind of packaging that lets the customer or end user know when the product has been opened. One aspect of tamper-evident packaging that makes.

It successful is that it is hard to copy because it is not easily accessible for purchase. A tamper-evident seal is a type of sealing mechanism used to indicate when a container's opening has been tampered with. Before opening the package, you can check to determine whether there has been tampering because it is customer with a tamper-evident seal. For situations where extra security is needed, our tamper-evident envelopes are perfect. damaging and deteriorating adulterate.

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which of the following statements best describes how productivity relates to activity?

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The statement "Productivity is an activity that leads to making progress."  best describes how productivity is related to activity.

Give a brief account on productivity.

Productivity in economics can be regarded as the ratio of output to input, which might include labor, capital, or any other kind of resource. The economy is typically measured as a ratio of hours worked to gross domestic product (GDP). By further subdividing labor productivity, it is feasible to investigate trends in wage levels, salary growth, and technological development. An increase in productivity has a direct impact on business profits and shareholder returns.

Productivity is a gauge of a company's internal manufacturing process effectiveness. It is determined by dividing the quantity generated by the number of units produced or by dividing the company's net sales by the number of employee labor hours. Productivity is the primary force behind economic growth and competitiveness.

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The complete question is mentioned below :

Which of the following statements best describes how productivity relates to activity?

A. Productivity is the opposite of activity.

B. Productivity and activity are identical.

C. Productivity is an activity that can be replicated by other people.

D. Productivity is an activity that leads to making progress.

What is the role of the individual in a mixed economy?

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Private persons are permitted can own and control part (if not all) of the production components in a mixed system.

What exactly is an economy?

A series of connected production and consuming activities that are generally referred to as the economy ultimately decide how resources are distributed within a society. The individuals who live nearby and do business there are satisfied by the production activities and consumption of items on a general level.

What do you call the current economic climate?

The American economy seems diverse and has components of both capitalism and socialism. Such a capitalist market supports this same free market owing to the use of capital, but it also allows for government engagement for something like the greater good.

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What are examples of regulatory issues?

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The examples of regulatory issues are given below:

1. Data privacy laws such as the General Data Protection Regulation (GDPR) in the EU and the California Consumer Privacy Act (CCPA) in the US.

2. Environmental regulations such as the Clean Air Act, the Clean Water Act, and the Endangered Species Act.

3. Antitrust laws that seek to prevent monopolies and promote competition.

4. Financial regulations such as the Dodd-Frank Wall Street Reform and Consumer Protection Act.

5. Labor regulations such as minimum wage laws and workplace safety standards.

6. Intellectual property laws such as copyright, trademark, and patent laws.

What is regulatory?
Something like this that holds you to a rules is referred to as regulatory. The same applies to other forms of punishment, including detention. Your mother is being controlling when she forbids you from running through the house. You'll see that the word regulate is mostly in the regulatory form. This is due to the fact that everything that is regulated is regulated. Another word that comes to mind is probably "regular." Regulations, such as being required to stay inside during recess, are put in place to maintain order, which includes not breaking any laws or regulations. Regulations are put in place to prevent you from acting inappropriately.

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Does high inflation mean bad economy?

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when the rate of inflation rises rapidly, it can result in lower purchasing power higher interest rates, slower economic growth and other negative economic effects

What are the 4 types of credit?

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There are 4 types of credit which are as follows Revolving Credit, Charge Card, Installment Credit and Non-Installment or Service Credit.

Credit is the trust that permits one party to lend money or resources to another party, with the understanding that the second party will not immediately refund the first party but will instead repay it or return the resources at a later time. Credit is a strategy for formalizing reciprocity, making it enforceable by law, and extending it to a sizable number of unrelated parties.

The resources offered might be monetary or they could be in the form of products or services. Any postponed payment arrangement is considered credit. A debtor, also known as a borrower, is given credit by a creditor, also known as a lender.

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What is the name of the international institution that governs more than 80% of world trade membership and can enforce its provisions?

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Governments and municipal territories that make up the World Commerce Organization (WTO) establish, implement, and uphold the international standards for trade among themselves.

What does provision provide as a means of?

A provision is money set aside in the accounts to pay for any liabilities in the future. A provision is used to account for costs that may, to some measure, be compensated for in the current or preceding financial year, improving the accuracy of the balance for the current year.

What preparations should be made?

A lease agreement known as a "business make good term" demands that the tenant hand the keys to the house in the same state that she or he found it.

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What goods are considered elastic?

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Elastic goods encompass luxurious gadgets and sure food and liquids as changes of their charges affect demand. Inelastic goods may also encompass items consisting of tobacco and pharmaceuticals as demand frequently remains regular no matter fee adjustments.

An elastic good is described as one where a trade in rate results in a vast shift in call for and in which substitutes are available for an item, the more elastic the best may be.

The charge elasticity of demand is calculated by way of dividing the proportion exchange in quantity demanded through the share exchange in charge.

Elastic goods are goods which have a significant change in demand or deliver in reaction to a change in rate. generally, these are items that are not considered requirements, or goods for which there are substitutes without problems available.

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the last such reversal occurred about how many years ago? a. 680,000 years b. 780,000 years c. 880,000 years d. 980,000 years

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last such reversal occurred about  B. 780,000 years which was so many years ago.

What are magnetic reversals ?

These reversals  can be seen as one that is  random with no apparent periodicity to their occurrence.

It an be deduced that  their occurence is as often as every 10 thousand years or so and as infrequently compare to 50 million years or more how ever the las one took place around the 780,000 years ago.

It should be noted that Since the original discovery of magnetic reversals,  it was establisehed that the  reversals have occurred over the past 10 million years .

Therefore, option B is correct.

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missing option:

Since the original discovery of magnetic reversals, scientists have shown that these reversals have occurred over the past 10 million years at an average rate of 4 to 5 reversals per million years. The last such reversal occurred about how many years ago?

what is hyperinflation in economics

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Hyperinflation – an explanation It refers to a scenario in which the charges of goods and services upward thrust uncontrollably over a defined time period. In popular, the time period is used whilst the charge of inflation will increase at extra than 50% a month.

Hyperinflation can arise in situations affecting the underlying production financial system, in conjunction with a central financial institution printing excessive cash. Hyperinflation can motivate a surge in costs for critical goods—inclusive of food and fuel—as demand outpaces delivery.

The united states has in no way skilled hyperinflation, however, the exceptional authorities' stimulus measures taken in the course of the COVID-19 pandemic extended one measure of the country's money delivery, referred to as M2, from $15.4 trillion in January 2020 to extra than $21.6 trillion by using January 2022 and has helped drive inflation.

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which costing method can be helpful to management in setting prices because it reflects full costs that sales must exceed for the company to be profitable?

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The absorption cost data is helpful since it displays the total expenses that the firm must exceed in order to be profitable. Hence, the correct answer is absorption cost.

What does absorption costing mean?

The total absorption costing accounting technique considers the overall cost of producing an item or providing a service. TAC includes all production overheads, whether "fixed" or "variable," in addition to material and labor expenses. Each cost center might be connected with both direct and indirect expenses. Direct costs may be easily found by using particular cost centers. In contrast, it is difficult to link a cost center to indirect expenses. The term "association" refers to how overhead is distributed among departments. Primary apportionment, often known as distribution, is a mechanism for allocating overheads to production and service divisions.

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Is it better for a country to have an absolute advantage or comparative advantage?

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Absolute advantage is the ability to produce an increased number of goods and services at better quality than competitors. In contrast, Comparative Advantage signifies the ability to manufacture goods or services at a relatively lower opportunity cost.

competition is a rivalry wherein  or extra parties try for a not unusual purpose which can't be shared: wherein one's advantage is the other's loss (an example of that's a 0-sum recreation).[1] opposition can get up among entities such as organisms, people, economic and social companies, and so on. The competition may be over attainment of any distinctive intention, which include popularity.

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Which of the following statements doesn't describe an advantage inherent in equity financing?

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Answer:

Key Takeaways

Debt financing involves the borrowing of money whereas equity financing involves selling a portion of equity in the company. The main advantage of equity financing is that there is no obligation to repay the money acquired through it.

Explanation:

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What are the first 10 amendments to the Constitution which are a summary of citizens rights & Freedoms?

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Freedom of religion, speech, press, assembly, and petitionRight to keep and bear arms in order to maintain a well regulated militiaNo quartering of soldiersFreedom from unreasonable searches and seizuresRight to due process of law, freedom from self-incrimination, double jeopardyRights of accused persons, e.g., right to a speedy and public trial.Right of trial by jury in civil cases.Freedom from excessive bail, cruel and unusual punishments.Other rights of the peoplePowers reserved to the states

A constitution is the collection of fundamental principles or established precedents that serve as the legal foundation of a polity, organization, or other type of entity and commonly govern how that entity is to be governed. "elected by the people.

The first ten Amendments to the Constitution are known as the Bill of Rights. It outlines the rights of Americans in relation to their government. It guarantees the individual's civil rights and liberties, such as freedom of speech, press, and religion. It establishes rules for due process of law and delegated to the people or the states all powers not delegated to the federal government. It also states that "the enumeration of certain rights in the Constitution shall not be construed to deny or disparage others retained by the people."

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What 4 things motivate an entrepreneur?

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Four things motivate an entrepreneur: control, freedom, impact and wealth

An entrepreneur is an person who identifies a need inside the marketplace and works to fulfill it. The term, traditionally, has been carried out to an individual who begins a business, seeing the ability to meet that diagnosed need as an economic possibility.

There are two conventional categories of wealthy and successful entrepreneurs – the commercial enterprise proprietor entrepreneur and the angel investor entrepreneur. There are some distinct activities on the path to becoming a business owner entrepreneur as opposed to an angel investor entrepreneur.

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What are the 4 types of financial markets and its functions?

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According to the Corporate Finance Institute, financial markets can be classified into four types: Stock market, Bond market, Derivatives market, and Commodities market.

Stock market: shares of public companies' properties are traded. Each share has an assigned price, and those who invest in this market obtain profits when the shares behave positively.

Bond market: companies and the government are offered the possibility of obtaining money to finance a project. Investors acquires bonds from companies that later returns them the value of the bonds plus interest.

Derivatives market: includes derivatives and contracts, the value is based on the market value of the asset traded.

Commodities market: trade of natural resources and commodities such as oil, gold, corn and meat.

The main benefits of financial markets are the possibility of accessing savings accounts and loans/credits for personal, business, or education loans. They are also institutionalized spaces where individuals can access businesses for different assets, generate profits, add value to their products and goods, etc.

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How would you estimate the revenue that Camp Nou stadium in Barcelona generates per year? Please provide a detailed analysis.

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Since its establishment in 1957, Camp Nou has served as the soccer team's home, seating 99,354 supporters. According to the club's website, sponsorship, title rights, VIP boxes, premium accommodation facilities, event space, and the club's refurbished museum will produce a revenue of about $207 million (€200 million) every year.

What are the methods of estimating revenue?

Revenue is most easily computed by multiplying the volume of sales by the selling price. Because revenues exclude costs and expenses, a company's earnings, or bottom line, will be lower than its revenue.

Revenue refers to the amount of money received by a company in return for its goods and services, or what a consumer pays a corporation for its goods or services. A company's revenue is commonly stated on the first item of the income statement as income, sales, net sales, or net revenue.

Using sales representatives' opinions is a common way of sales estimation. Other methods are:

Using data from the pastMaking use of transaction phases.Forecasting the sales cycle.Forecasting pipelines.A bespoke forecast model with lead score and many factors is being used.

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the listing of the account names and the sum of the account balances is called what

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The listing of the account names and the sum of the account balances is called a trial balance. All significant accounting items, including as assets, liabilities, equity, revenues, expenses, gains, and losses are tied to the accounts shown on a trial balance.

A trial balance is a financial report that displays the general ledger's closing balances for all accounts at a certain point in time. The first stage in closing the books at the conclusion of an accounting month is to create a trial balance. The trial balance is a financial report that includes the closing balances for all of the company's general ledgers.

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trade barriers examples

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Trade boundaries include price lists (taxes) on imports (and from time to time exports) and non-tariff boundaries to trade which include import quotas, subsidies to domestic industry, embargoes on alternate with unique nations (commonly for geopolitical reasons), and licenses to import items into the economic system.

Imports can be finished products, like vehicles, television sets, computer systems, or shoes, or they can be uncooked substances, together with zinc, oil, timber, or grains. They also can be offerings, like financial services, travel offerings, and coverage. Imports are an important part of the U.S. and worldwide financial system.

Exporting refers back to the selling of goods and services from the house united states to a foreign country. while uploading refers to the purchase of overseas products and bringing them into one's domestic united states.

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Is the Fed part of the banking system?

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The Federal Reserve, our primary bank of ours, offers the state a safe, flexible, and stable financial and monetary device.

The framers of the Federal Reserve Act developed a critical banking gadget that might broadly represent the general public interest. Nonmember banks are monetary establishments that aren't contributors to the Federal Reserve machine. They may be network banks, credit unions, or business banks. national banks are required to sign up for the Fed, whilst country banks can be part of it in the event that they meet sure necessities.

Countrywide banks must be members of the Federal Reserve machine; however, they may be regulated by means of the workplace of the Comptroller of the Currency (OCC). The Federal Reserve supervises and regulates many large banking establishments due to the fact it's far the federal regulator for bank-keeping companies (BHCs).

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What are the causes of business cycle?

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The business cycle is caused by the forces of supply and demand—the movement of the gross domestic product GDP—the availability of capital, and expectations about the future. This cycle is generally separated into four distinct segments: expansion, peak, contraction, and trough.

Every nation's financial system fluctuates among intervals of enlargement and contraction. These modifications are brought on by ranges of employment, productivity, and the full call for and deliver of the nation's items and services.

In the short run, those modifications cause intervals of enlargement and recession. There are essentially crucial stages in a commercial enterprise cycle which can be prosperity and depression. The different stages which can be enlargement, peak, trough and recovery are middleman stages.

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Why does the US import oil because it does not produce any oil at all because it needs higher quality oil than it produces?

Answers

He informed Newsweek that the U.S. uses extra barrels of oil in step with the day than it produces, necessitating imports from overseas. "The U.S. imports oil due to the fact consumption of oil products—approximately 20 million barrels in step with day—is extra than the quantity of crude oil it produces, approximately 18 million barrels consistent with day," Kaufmann said.

And yet that equal document exhibits that the U.S. imported 7.86 million barrels of oil according to day remaining yr. That occurs because of a combination of economics and chemistry. The economics are simple: In remote places oil, even after transport fees, is frequently less expensive than domestically-produced crude.

Crude oil imports of approximately 6.11 million b/d accounted for approximately 72% of U.S. overall gross petroleum imports in 2021, and non-crude oil petroleum accounted for approximately 28% of U.S. general gross petroleum imports. In 2021, the united states exported approximately eight.54 million b/d of petroleum to 176 international locations and four U.S. territories.

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Is assessed value same as fair value?

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Although assessed value is frequently based on a portion of fair market value (what the property could sell for), it is not the same as this figure.

What is fair value?

The projected price at which an object is purchased or sold when the buyer and seller voluntarily agree on a price is known as fair value. The fair value of an asset can be calculated by comparing the item's present market worth, growth potential, and replacement cost. Fair value is an objective and logical estimation of the potential market price of a good, service, or asset. It is used in accounting and by the majority of schools of economic thought.

How do you calculate the fair value and how you determine it?

Here, cash represents the security's current value, r the broker's current interest rate, x the number of days remaining in the contract, and dividends the amount of dividends the investor will get prior to the expiration date. Cash [1 + r(x/360)] = Fair Value the dividends

The same underlying assumptions and asset or liability characteristics are used to calculate it as market participants would. These features include the asset's state, location, and any limitations on use or sale.

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Suppose that unusually hot weather causes the demand curve for ice cream to shift to the right. Why
will the price of ice cream rise to a new market clearing level?

Answers

The price of the ice cream would lead to the new clearing ground due to the fact that increased demand would bring about the raise in price of the good.

How does demand cause price to increase?

Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price. 1. Consumers now place a higher value on goods, and producers must charge a higher price to offer the goods; as a result, prices will rise for all quantities.

According to the rule of supply and demand, prices are likely to increase when there is a greater demand than there is for an item or service. In these situations, suppliers frequently produce more in order to meet demand and seize margin possibilities.

When demand is constant, there is an inverse relationship between supply and prices of products and services.

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