a) Briefly explain the law of demand and law of supply in terms of price and quantity demanded/quantity supplied due to the pandemic phenomena.
b) Classify and evaluate two determinants of demand and two determinants of supply.
c) Applying demand-supply analysis (hint: use double shifts), explain the impact of the emergence of online sales or online shopping in regards of demand from the consumers and increase in number of suppliers during the Covid-19 pandemic.
Answers
a) Law of demand: Inverse relationship between price and quantity demanded during the pandemic.
Law of supply: Direct relationship between price and quantity supplied during the pandemic.
b) Determinants of demand: Income and consumer preferences.
Determinants of supply: Production costs and technology.
c) Impact of online sales: Increase in demand from consumers and an increase in the number of suppliers during the pandemic.
a) The law of demand states that, ceteris paribus (all other factors remaining constant), there is an inverse relationship between the price of a good and the quantity demanded. During the pandemic, the law of demand still applies, but the demand for certain goods and services may have shifted due to changes in consumer behavior and preferences. For example, the demand for essential goods like food and healthcare products may have increased, while the demand for non-essential goods like luxury items may have decreased.
The law of supply states that, ceteris paribus, there is a direct relationship between the price of a good and the quantity supplied. During the pandemic, the law of supply still applies, but the supply of certain goods and services may have been disrupted due to factors such as supply chain disruptions, labor shortages, and government restrictions. This could lead to changes in the availability and pricing of goods in the market.
b) Two determinants of demand are income and consumer preferences. Changes in income levels can affect the ability and willingness of consumers to purchase goods and services. Consumer preferences, influenced by factors such as trends, advertising, and personal tastes, can also impact demand.
Two determinants of supply are production costs and technology. Changes in production costs, including raw material prices, labor costs, and energy costs, can affect the profitability of producing and supplying goods. Technological advancements can also impact supply by improving productivity, reducing costs, and enabling new methods of production.
c) The emergence of online sales or online shopping during the Covid-19 pandemic has had a significant impact on both demand and supply. On the demand side, online shopping has experienced a surge in popularity as consumers seek to minimize physical contact and access goods from the safety of their homes. This has led to an increase in demand for online retailers and their products.
On the supply side, the increase in online sales has attracted more suppliers to enter the e-commerce market, expanding the number of sellers and the variety of products available. This has created more competition among suppliers and has the potential to increase overall supply.
Using demand-supply analysis, the impact of online sales can be understood as a double shift in both demand and supply curves. The increase in demand shifts the demand curve to the right, indicating higher quantities demanded at each price level. Simultaneously, the increase in the number of suppliers shifts the supply curve to the right, indicating higher quantities supplied at each price level. The combined effect of these shifts depends on the relative magnitudes of the changes in demand and supply and their resulting equilibrium price and quantity.
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Related Questions
What accounts are affected. issued check $644 to pay for an advertisement
Answers
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
HELPP on question 10
Answers
Answer:
land?
Explanation:
Answer:
Land
Explanation:
1. Assume that Alice wants to send Bob a message with the confidence that Bob will know the message was not altered while in transit. What goal of cryptography is Alice trying to achieve? And how can it be achieved?
Answers
Alice is trying to achieve the goal of ensuring message integrity through cryptography. Message integrity ensures that the message remains intact and has not been altered during transit.
To achieve message integrity, Alice can use a cryptographic technique called message authentication codes (MACs) or digital signatures.
Message Authentication Codes (MACs): Alice can generate a MAC for the message using a symmetric key shared with Bob. The MAC is a small piece of data generated using a cryptographic hash function and the shared key. Alice appends the MAC to the message before sending it to Bob. Upon receiving the message, Bob recalculates the MAC using the same key and verifies that it matches the MAC sent by Alice. If the MACs match, Bob can be confident that the message has not been tampered with.
Digital Signatures: Alternatively, Alice can use digital signatures, which provide message integrity along with authentication. Alice generates a digital signature for the message using her private key (part of a public-private key pair). The signature is unique to the message and provides a cryptographic proof of its integrity. Alice sends both the message and the digital signature to Bob. Upon receiving the message, Bob uses Alice's public key to verify the signature's authenticity and integrity. If the signature is valid, Bob can be confident that the message is unaltered and originated from Alice.
Both MACs and digital signatures provide cryptographic mechanisms to achieve message integrity and assure Bob that the message has not been modified during transit. The choice between MACs and digital signatures depends on the specific requirements and security context of the communication scenario.
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Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
List at least five public services that sales tax pays for.
Answers
Several states and governments use sales tax income to pay for K-12 education, education for higher studies, public health, public safety, transportation, parks, and various different public services.
What is Public Service?Any provider supposed to deal with precise wishes concerning the combination participants of a community is Public Service. It includes child protection services, insurance-related to unemployment, and many more.
Thus, these are the different public services for which sales tax revenue is used.
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Saima is the daughter of a farmer, who lives in a village, near Tandu Allah Yar and struggles for well-being of herself and her family. She wakes up early at 6am, takes a good breakfast, attends college for which she has to walk for 1 hour, and gets back by 1pm. Afterward, she enjoys good food from his father's farm, supports her mother in the business of bookbinding, and gives tuition to students and then after taking healthy dinner, she gives time to her own studies and then sleeps early to make sure a healthy sleep. Despite so much struggle, she is so grateful to his God for whatever she has. She has been doing that regularly for the past two years and she envisions becoming an electrical engineer to support his entire village with better and cheaper electricity sources. How do you think the story relates to the principles and habits of Self-Discipline?
Answers
This story relates to the principles and habit of self discipline in multiple ways.
1. She wakes up at 6 AM and walks and hour to school and back, demonstrating that she has the self discipline to do these things to get a good education.
2. She supports her mother in bookbinding, and gives tuition to students, showing kindness and empathy, which is important to self discipline.
3. Despite hardships she has been grateful for whatever she has.
4. She envisions becoming an electrical engineer to support he entire village.
These examples and more show how this young woman displays self discipline.
I hope this helped.
100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?
Answers
Answer:
With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.
Explanation:
if bojana tax services' office supplies account balance on march 1 was $2,000, the company purchased $400 of supplies during the month, and a physical count of supplies on hand at the end of march indicated $2,100 unused, what is the amount of the adjusting entry for office supplies on march 31?
Answers
The adjusting entry for office supplies on March 31 is $300. Bojana Tax Services' office supplies account balance on March 1 was $2,000. The company purchased $400 of supplies during the month. The physical count of supplies on hand at the end of March indicated $2,100 unused.
To get the amount of the adjusting entry for office supplies on March 31, the following calculations need to be done:
Office supplies used = Office supplies balance on March 1 + Purchases - Supplies on hand on March 31
Office supplies used = $2,000 + $400 - $2,100
Office supplies used = $300
The adjusting entry for office supplies on March 31 is to decrease the office supplies account by $300 and increase the office supplies expense account by $300.
Therefore, the adjusting entry for office supplies on March 31 is:
Debit: Office Supplies Expense $300
Credit: Office Supplies $300
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Which of the following are examples of limited resources on the part of consumers?
product and space
money and product
time and money
space and time
Answers
Answer:
The answer is time and money
Explanation:
I took the test on edge
Examples of limited resources on the part of consumers are time and money.
What are limited resources?
Limited resources are resources that can be depleted. They are of limited availability. As these resources are used, they decline.
For example, no one has an unlimited supply of money. As money is spent, the amount of money one has reduces. Also, time is limited. One has 24 hours in a day.
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Lina wants to be a lawyer for her future career. Which extracurricular activity would be the most helpful?
O teacher's aide
O marching band
O speech and debate
O soccer
Answers
Answer:
speech and debate
Chen is listing questions to help him evaluate his career choice of French language translator. Which question would best help him think critically about his career choice?
Answers
Answer:
This question is incomplete, it misses the options. The optiones are the following:
A. Which countries in the world have French as their first language? B. How much will it cost to train for this career choice? C. Which language other than French is beneficial to learn? D. Is translation a career that many people respect?
And the correct answer is the option B: how much will it cost to train for this career choice?
Explanation:
To begin with, the fact that the second question is the one that will best help him in order to think critically about his career choice is that because he needs to now how much will he need in order to learn that career and if the costs will be worth it in the case of choosing it and for that he will need to compare the costs with the approximates benefits that he will have in the future. That is why, Chen needs to questions himself if the costs will be worth it.
Which of the following statements about employee tumover is true? a. One of the best ways to discourage turnover is to link pay directly to performance b. Employee turnover is the loss of employees who involuntarily choose to leave a company. c. For top management, dysfunctional turnover is preferable to functional turnover d. All functional turnover requires outplacement centers O e. Sales commissions and bonuses should not be used to decrease functional turnover.
Answers
The correct answer is b. Employee turnover is the loss of employees who involuntarily choose to leave a company.
Employee turnover is the quantity or proportion of workers who quit their jobs and are replaced by new ones. Employers who wish to investigate reasons for turnover or calculate the cost-to-hire for budgetary considerations may find it useful to measure staff turnover. The total number of employees that leave a firm over a specific time period is referred to as employee turnover. Both workers who leave on their own accord and those who are dismissed or laid off are counted as part of involuntary turnover. Internal promotions inside a company could be a part of it. Reduced productivity, higher recruiting expenses, unneeded time spent on new hire training, and missed revenue are all effects of excessive staff turnover.
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a one-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $40 and the risk-free rate of interest is 10% per annum with continuous compounding. what is the forward price?
Answers
The forward price will be $44.21.
The formula for calculating the forward price of a non-dividend-paying stock is:
Forward price = Spot price × \(e^{r XT}\)
where: Spot price is the current price of the stock
r is the risk-free rate of interest
T is time for expiration of the forward contract
In this case, the stock price is $40, the risk-free rate of interest is 10% per annum with continuous compounding, and the time to expiration of the forward contract is one year.
Therefore, the forward price is:
Forward price = $40 × \(e^{0.1 X1}\)
Forward price = $40 × \(e^{0.1}\)
Forward price = $40 × 1.1052
Forward price = $44.21
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Source: Tommy Stubbington and Ben Edwards, open double quoteU.K. to Repay First World War Bonds,close double quote Wall Street Journal, October 31, 2014. A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of pound60. A consol is:
Answers
Answer:
Follows are the solution to this question:
Explanation:
Its console shall be coordinated effort mutual funds which do not grow at all, and in every year they create a corrected degree of interest, that's why Its bond paying a fixed rate of the coupon but not maturing.
\(\text{Consolation price} =\frac{\text{Set amount of coupon}}{\text{Return Rate}}\)
\(= \frac{35}{2.5\%} \\\\ = \frac{35\times 100}{2.5} \\\\ = \frac{35\times 1000}{25} \\\\ = \frac{7\times 1000}{5} \\\\ = 7\times 200 \\\\= 1400\)
It's the price that the government needs to offer shareholders.
Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does this describe?.
Answers
Assuming Sofia bought a couch that required a $60 down payment. This liability describes d) a current liability.
What is a current liability?
Current liability can be defined as the amount owed or debt a person is expected to pay back within a stipulated period.
A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales. The sums owing to suppliers in the form of accounts payable are an illustration of a current liability. A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales.
Since Sonia is expected to pay $60 per month for eight months which means that Sonia has a debt to deliver within a year.
Therefore this liability describes d) a current liability.
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Productivity, dependability, and responsibility are examples of skills that managers look for when determining who to promote within a company. Evaluate these three skills and another one or two that you come up with and explain how each skill could be helpful for an employee looking to get a promotion.
Answers
A dependable employee is an incredible asset to a company, as they make great coworkers, can be trusted to do their jobs. Productivity and responsibility are important aspects for the promotion.
What is a dependable employee?A dependable employee is a fantastic addition to a company because they make excellent teammates, can be trusted to execute their tasks without micromanagement, and empower others to accomplish their jobs effectively. As a result, being recognized as a dependable employee can help you stand out as an attractive prospect.
Every organization wants a productive employee who is responsible for the success of the organization as well as for his personal gains.
Being reliable implies doing what you say you'll do, when you say you'll do it. A reliable individual fosters trust by keeping himself/herself accountable and, if they lead others, their team members accountable as well.
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When trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as _____
Answers
When trying to assess whether an applicant will be a good performer, managers utilize Selection Tools.
What selection tools?Selection is the process that managers in all organizations use to determine:
The qualifications of job applicants. Their performance potential.The known selection tools include:
Paper-and-pencil testsPhysical abilities testPerformance testsBackground informationInterviewsReferences.Thus, when trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as Selection Tools.
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You should not put all of your eggs in one basket.
Diversification is essential and beneficial to your financial strategy. But to what extent will it be beneficial?
We have discussed the possibility of World War 3 (hopefully not!) as a result of Russia's confrontation with Ukraine. To which risk category does this belong? Do you believe that diversification might completely compensate for the war's investment loss?
Let me know what you think!
Answers
The phrase "Don't put all your eggs in one basket" is a metaphor for diversification, which means spreading out your investments among different types of assets or classes (stocks, bonds, mutual funds, real estate, etc.).
This mainly aims to minimize the potential risk associated with any one investment.
To what extent diversification will be beneficial will depend on the individual's portfolio, goals, and risk tolerance.
Risk associated with Russia's confrontation with Ukraine would fall into the category of political risk, which is a type of investment risk that arises from changes in a country's political or economic environment that could cause a negative change in the value of investments.
Diversification may not be able to completely compensate for losses related to political risk, but it can help to minimize the impact.
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Explain protocol for conducting research
Answers
Answer:
What is a research protocol? A protocol includes a background which summarises the evidence about the issue in the literature and provides a justification for doing the study. It describes the participants and the inclusion and exclusion criteria, as well as how they will be recruited.
What are tic tac like what is good for you
Answers
Answer: Ingredients. Sugar, fructose, maltodextrin, peppermint essential oil, rice starch, gum arabic, filling agent (magnesium salts of fatty acids), glazing agent (carnauba wax).
Explanation:
They are NOT good for u. :(
Who must file an income tax return?
Answers
Answer:
The tool is designed for taxpayers who were U.S. citizens or resident aliens for the entire tax year for which they're inquiring. If married, the spouse must also have been a U.S. citizen or resident alien for the entire tax year.
Explanation:
Why would you write a complaint to a company?
Answers
Answer:
To discuss with a company about a problem you may be having with their service or product.
Explanation:
The EISP component of _____ provides information on the importance of information security in the organization and the legal and ethical obligation to protect critical information about customers, employees, and markets.
Answers
The need for Information Technology Security is the EISP component that provides information on the importance of information security in the organization.
What is EISP?EISP means Enterprise Information Security Policy, which is the policy that guide the security of a firm.
Some element of an EISP includes:
Network SecurityApplication SecurityRisk ManagementCompliance ManagementDisaster RecoveryPhysical SecurityIn conclusion, the need for Information Technology Security is the EISP component that provides information on the importance of information security in the organization
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Determine a recruitment method and sources would you use and explain your decision.
Assess what type of interview would work best when hiring someone in an entrepreneurial environment.
Determine whether or not you would use selection tests.
Answers
A recruitment strategy targeting entrepreneurial platforms, leveraging networking and referrals, and utilizing social media can help attract candidates who possess the desired entrepreneurial qualities. Conducting behavioural interviews and case-based interviews can assess their fit for the entrepreneurial environment, while selectively using valid selection tests can provide additional insights into their abilities and traits.
1) Recruitment Method and Sources:When choosing a recruitment method and sources, it is important to consider the specific requirements and characteristics of the role and the desired candidate profile. In an entrepreneurial environment, where innovation, creativity, and self-motivation are crucial, a combination of methods can be effective. Here's a suggested approach:
a) Job Postings on Entrepreneurial Platforms: Advertise the job opening on platforms that specifically target entrepreneurial individuals, such as startup job boards or entrepreneurship-focused websites. These platforms attract candidates who are more likely to thrive in an entrepreneurial environment and have the necessary mindset.
b) Networking and Referrals: Leverage personal and professional networks to find potential candidates. Reach out to colleagues, industry contacts, and fellow entrepreneurs who may know individuals with the desired skill set and entrepreneurial spirit. Referrals can be an excellent source of qualified candidates who align well with the unique demands of an entrepreneurial setting.
c) Social Media and Online Communities: Utilize social media platforms and relevant online communities to showcase the job opportunity. Engage with communities or groups focused on entrepreneurship or relevant industries to reach a targeted audience of entrepreneurial-minded individuals.
2) Type of Interview:In an entrepreneurial environment, it can be beneficial to use a combination of different interview types to assess candidates thoroughly. Here are two types that could work well:
a) Behavioral Interviews: Conduct behavioral interviews that focus on the candidate's past experiences and actions in situations relevant to the entrepreneurial environment. Ask questions that explore their problem-solving skills, adaptability, initiative, and ability to work independently.
b) Case or Scenario-based Interviews: Present candidates with real or hypothetical business scenarios or challenges that they might encounter in the entrepreneurial setting. Assess their ability to think critically, analyze situations, and come up with innovative solutions. This type of interview provides insights into their entrepreneurial mindset and problem-solving abilities.
3) Use of Selection Tests:The decision to use selection tests depends on the specific requirements of the role and the availability of appropriate tests. In an entrepreneurial environment, where creativity and innovation are highly valued, traditional selection tests may not always capture these qualities effectively. However, certain tests can still be useful, such as:
a) Cognitive or Problem-Solving Tests: These tests assess a candidate's ability to think critically, solve complex problems, and handle ambiguity. They can help evaluate the candidate's analytical skills, which are important in entrepreneurial environments.
b) Personality Assessments: Personality assessments can provide insights into a candidate's traits, motivations, and work style. While not the sole determining factor, they can help gauge compatibility with the entrepreneurial work culture.
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allows for some flexibility in the budget for unexpected events.
Answers
Answer:
Agile budgeting gives you the flexibility to alter your budget in response to changing market conditions or unexpected events.
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Fayville Office Supplies has provided the following contribution margin income statement.
Knowledge Check 01
If the per-unit sales revenue is reduced to $14, how many units must be sold to earn the same net operating income of $110,000?
Answers
When the per-unit sales revenue is reduced to $14, we need to find the new contribution margin per unit. For this, we subtract the variable cost per unit from the new sales revenue per unit. However, as no specific information about the variable cost per unit is provided, I cannot compute the new contribution margin per unit.
Assuming the new contribution margin per unit is calculated, you can then use the following formula to find the number of units to be sold to earn the same net operating income of $110,000:
Number of units = Net Operating Income / Contribution Margin per unit
Once you have the new contribution margin per unit, you can plug it into this formula to determine the number of units needed to maintain the net operating income of $110,000.
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Chapter 2 Mastery Problem
The T –
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:
Chart of Accounts
Cash
Hassan Rahim Capital
Accounts Receivable
Hassan Rahim, Withdrawals
Supplies
Rental Income
Shed
Wages Expense
Bicycles
Maintenance Expense
Accounts Payable
Repair Expense
Concession Fee Expense
June
2
Began business by placing $7,200 in a business checking account.
3
Purchased supplies on account, $150
4
Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.
5
Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900
6
Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.
8
Received cash of $470 for rentals during the first week of operation.
13
Hired a part-time assistant to help out on weekends at $7.50 per hour
14
Paid a maintenance person to clean the grounds, $75.
15
Received cash, $500, for rentals during the second week of operation.
16
Paid the assistant for a weekend’s work, $150.
20
Paid for the supplies purchased on June 3, $150.
21
Paid repair bill on bicycles, $55.
22
Received cash for rentals during the third week of operation, $550.
23
Paid the assistant for a weekend’s work, $150.
26
Billed a company for bicycle rentals for an employee outing, $110
27
Paid the fee for June to the Park District for the right to the bicycle concession, $100.
28
Received cash for rentals during the week, $410.
29
Paid the assistant for a weekend’s work, $150.
30
Transferred $500 to personal checking account.
Answers
Answer:
27.
Explanation:
Why do you think Artificial Intelligence does not work for every face?
Answers
Answer:
Social manipulation and AI bias: So far, AI is still at risk for being biased by the humans that build it. ... As Nick Bostrom explained, “The biggest threat is the longer-term problem introducing something radical that's super intelligent and failing to align it with human values and intentions.Mar 2, 2020
Explanation:
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Which organizational function should set database standards? A) Management B) Application development C) Technical services D) None of the above
Answers
The organizational function that should set database standards is C) Technical services.
Technical services typically include IT professionals who have expertise in database management and administration. They are responsible for ensuring that the organization's databases are secure, well-designed, and efficiently managed.
Therefore, they are the most appropriate group to establish and maintain database standards, including naming conventions, data types, data entry rules, and security policies. Management and application development teams may provide input to the database standards, but the technical services team should ultimately be responsible for setting and enforcing them.
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Answer:
The answer is None of the above
Explanation:
I chose technical services and it was incorrect
daniel has several properties listed around town. he receives a call from a prospective buyer who is very interested in one of the properties and wants to schedule a showing. what should daniel do?
Answers
Daniel has a number of houses listed in the neighborhood. A potential customer calls to express great interest in one of the properties and request a showing time.
Daniel disclose his agency relationship with the seller to the prospective buyer. a property of the thing. an object's characteristics are its properties. In the Car class, there are several characteristics, or features, that all automobiles share, such as steering wheels, brakes, and color, albeit the values of each characteristic might vary from object to object.
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