Bosworth Company purchased $12,000 worth of merchandise, FOB shipping point. Transportation costs were an additional $1,050. The company later returned $2,250 worth of merchandise and paid the invoice within the 2% cash discount period. The total amount paid for this merchandise is:
Answers
Answer:
$10,605
Explanation:
Calculation for the total amount paid for this merchandise
Purchase price $12,000
Add: Transportation cost 1,050
Less: Returns (2,250)
Less: Cash discount (195)
[($12,000-2,250)*2%]
Total amount paid $10,605
Therefore the total amount paid for this merchandise is $10,605
Related Questions
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The ICD-10-CM Index and Tabular List contains:
a. anatomic sites with four cellular classifications: malignant, benign, uncertain behavior, and unspecified nature
b. secondary codes that capture the cause, intent, place, activity, and status surrounding an injury or illness
c. specific illnesses, injuries, eponyms, abbreviations, and other descriptive diagnostic terms
d. a chronological list of codes compiled in 21 chapters based on body system or condition
Answers
Option D is correct
The index of ICD-10 CM contains alphabetical list of terms and corresponding values.Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 4% stock, $140 par, and 80,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $90,000; second year, $188,800; third year, $227,360; fourth year, $243,200.
Required:
Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places.
1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividend per share) $ $ $ $
Common stock (dividend per share) $ $ $ $
Answers
Answer:
year 1:
preferred stock dividends = 24,000 x 140 x 4% = $134,400, but only $90,000 were distributed ($44,400 to be distributed next year). Dividends per preferred stock share = $90,000 / 24,000 = $3.75
common stocks dividends = no common stock dividends distributed
year 2:
preferred stock dividends = $134,400 for the current year and $44,400 form last year = $178,800. Dividends per preferred stock share = $174,800 / 24,000 = $7.45
common stocks dividends = ($188,800 - $178,800) / 80,000 common stocks = $0.125 per common stock
year 3:
preferred stock dividends = $134,400 / 24,000 = $5.60 per preferred stock.
common stocks dividends = ($227,360 - $134,400) / 80,000 = $1.162 per common stock
year 4:
preferred stock dividends = $134,400 / 24,000 = $5.60 per preferred stock.
common stocks dividends = ($243,200 - $134,400) / 80,000 = $1.36 pe common stock
You have a Saturday job that pays $10 per hour and you work 10 hours when
you're there. You are thinking about buying a car that cost $1,000 dollars. How
many Saturdays do you have to work to earn the money?
OA. I will have to work 5 Saturdays to get the money
OB. I will have to work 10 Saturdays to get the money.
Answers
Answer:
B: 10 Saturdays
Explanation:
ok so 10×10=100 so $100 each Saturday now 100×10=1000 so it's B
What is the main reason that people purchase insurance policies?
A. they want to reduce the cost of their student or personal loans.
B. They want to avoid paying for major unexpected expenses.
C. They want to avoid increasing their monthly premiums
D. They want to invest money in insurance to grow it over time
Answers
Option B is correct. The main reason that people purchase insurance policies is because they want to avoid paying for major unexpected expenses.
What is an insurance policies?An insurance policy can be defined a contract between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. The policy is enforced in an exchange for an initial payment known as the premium in which the insurer promises to pay for loss caused by perils covered under the policy language.
Most of the insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Because these insurance policies are standard forms, they often feature boilerplate language which is similar across a wide variety of different types of insurance policies.
Some examples of the popular insurance policies includes a Life Insurance, Health Insurance, Disability Insurance, Homeowner's Insurance, Automobile Insurance, Liability Insurance etc,
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A series of formal, written statements in which the plaintiff and defendant both state claims for the defense regarding the matter being disputed is which
of the following?
O Appeal
O Pleading
O Breach
O Trial
Answers
If youre coming from ICEV, the answer is pleading :)
briefly explain how the decision support system resolved the problems experienced by the railways
Answers
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in mechanical engineering and could easily go to work for his brother's company earning $ 64000 a year, his true passion is for cheese. Consider the list of Reggie's revenue and expenses from last year. Please use the information provided to answer the questions. Revenue from 2018 $ 75000 Rent $ 15000 Equipment $ 3000 Supplies $ 3000
Answers
Answer:
Regies accounting profit is 54000
Regies economic profit is - 10000
Explanation:
Accounting profit is his revenue-everything else : 75000-15000-3000-3000= 54000 (REVENUE - EXPENSES AND DEPRECIATION)
Economic profit: minus the accounting profit to the supposed earnings he would get from working for his brother : 54000-64000= - 10000 (REVENUE - EXPENSES AND DEPRECIATION - IMPLICIT Costs or
REVENUE - EXPLICIT COSTS - IMPLICIT COSTS)
If ABC Inc. issues 100 of the 8%, 5-year bonds when the market rate of interest is only 6%, then the cash received is $108,530 (Issued Bond at a Discount).
Group of answer choices:
A) True
B) False
Answers
It is true to state that If ABC Inc. issues 100 of the 8%, 5-year bonds when the market rate of interest is only 6%, then the cash received is $108,530 (Issued Bond at a Discount).
What is a bond?A bond is a financial asset in which the issuer owes the bearer a debt and is obligated to return the principle of the bond and interest over a predetermined period, depending on the conditions.
An income bond is a form of financial instrument in which the investor has assured just the face value of the bond, with any dividend payments paid only if the issuing firm has enough revenues to cover the coupon payment. An adjustment bond is a sort of income bond in the context of corporate bankruptcy.
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g A person with a diminishing marginal utility of income: Group of answer choices will be risk neutral will be risk averse will be risk loving
Answers
Answer: Risk averse
Explanation:
A person with a diminishing marginal utility of income will derive less utility from income as income increases. A risk averse person is one who would rather avoid risk but still prefers a high income.
Such a person will have a diminishing marginal utility in income because income increases more when there is more risk. A risk averse person does not want that risk and so will go for a lower income which means that they don't want more income as it is riskier to them.
Blue Spruce Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Units Cost per Unit Net Realizable Value per Unit Cameras Minolta 5 $176 $168 Canon 6 149 152 Light Meters Vivitar 11 125 124 Kodak 10 129 132 What amount should be reported on Blue Spruce Camera Shop’s financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $Enter a dollar amount that should be reported on Unresolved’s financial statements
Answers
Answer:
Total amount $4,388
Explanation:
The computation of the amount that should be reported is shown below:
Products Units Cost per unit NRV Lower cost or NRV TOtal
Minolta 5 $176 $168 $168 $840
Canon 6 $149 $152 $149 $894
Light meters 11 $125 $124 $124 $1,364
Kodak 10 $129 $132 $129 $1,290
Total amount $4,388
Please help with below question
A bond has $10,000 face value and 10 years to maturity. The bond promises to pay a coupon of $1,000. The bond interest is paid annually. The interest rate for similar bonds is 12%.
Required: Determine the following:
A. What is the bond’s terminal value
B. Determine the coupon rate
C. What is the maturity period
D. What is the yield to maturity
E. Determine the value of the bond
Answers
A. Terminal value: $10,000.
B. Coupon rate: 10%.
C. Maturity period: 10 years.
D. Yield to maturity: Approximately 12%.
E. Bond value: The sum of the present value of coupon payments and the present value of the face value at maturity.
A. The bond's terminal value is equal to its face value, which is $10,000. This represents the amount that the bondholder will receive at maturity.
B. To determine the coupon rate, we divide the annual coupon payment by the face value of the bond and multiply by 100%. In this case, the annual coupon payment is $1,000 and the face value is $10,000.
Coupon Rate = ($1,000 / $10,000) * 100% = 10%
C. The maturity period of the bond is given as 10 years. This means that the bond will reach its full term and the bondholder will receive the face value of $10,000 at the end of the 10-year period.
D. The yield to maturity (YTM) is the total return anticipated on a bond if it is held until it matures. It is the internal rate of return (IRR) of the bond's cash flows. Calculating the YTM requires finding the discount rate that equates the present value of the bond's cash flows to its current market price. In this case, the bond's coupon payments are $1,000 per year for 10 years, and the terminal value is $10,000.
Using a financial calculator or spreadsheet software, we can find that the yield to maturity is approximately 12%.
E. To determine the value of the bond, we need to calculate the present value of the bond's future cash flows. The cash flows consist of the annual coupon payments of $1,000 and the terminal value of $10,000. We discount these cash flows back to the present using the yield to maturity as the discount rate.
Using a financial calculator or spreadsheet software, we can calculate the present value of the cash flows. The value of the bond is the sum of the present values of the coupon payments and the present value of the terminal value.
Assuming a 12% yield to maturity, we find that the value of the bond is approximately $10,000, which is equal to its face value. This indicates that the bond is trading at par value, as the market price matches its face value.
It's important to note that bond valuation can be more complex when considering factors such as market conditions, risk, and different compounding periods for coupon payments. The provided calculation assumes an annual coupon payment and a simple discounting method using the yield to maturity as the discount rate.
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Which of the following would NOT increase demand for sushi, a normal good?
A) An increase in the price of raw tuna, a substitute for sushi
B) A decrease in the price of wasabi, a complementary good for sushi
C) An increase in consumers’ income
D) A decrease in the price of sushi
E) An increase in consumers’ tastes and preference for sushi
Answers
Answer:
A
Explanation:
Which of the following is not a level of control
Answers
Answer:
ere are the option???
Explanation:
20 word thing do b annoying
What is the trial balance used?
a. It is a financial statment.
b. It doesn't contribute to the accounting cycle.
c. It records balance of a balance sheet.
d. It records balance of accounts.
Answers
Answer:
c
Explanation:
James is a curriculum planner in a school in a small town. Analyzing the past scores of his students, he realizes that students score well in the theory papers, but do poorly when they have to apply their knowledge practically. What can james do to Improve student grades in practical
application?
Answers
Answer:
James should introduce courses that will help students strengthen their practical knowledge. He can tie up with local businesses so that students can spend a few weeks working as apprentices. Students will have exposure to all kinds of practical work, and businesses will get interns who are enthusiastic about working and learning. If the students perofrm well, they also have the possibility of getting a job at these places after graduating.
Explanation:
(This is the actual sample answer so i would reccomend putting it in your own words to avoid plagerism) :)
James needs to start offering classes that will improve pupils' practical knowledge. He can do collaboration with the nearby companies to arrange for kids to serve as apprentices for a few weeks.
What does "collaboration" mean?The easiest approach to describe collaboration is to say that it is the process of two or more individuals or groups coming together to carry out a task or realize a goal. It can also be described as a group of people cooperating to achieve common objectives.
It is simple to become perplexed while discussing the various forms of organizational collaboration that make up the phenomenon. Your firm may, however, more clearly outline the quickest route to a digital transformation if you have a fundamental awareness of the various types of collaboration. The existence of a set of digital tools and an agile corporate culture that promotes good teamwork are the cornerstones of efficient collaboration. You are already prepared to start redefining the sorts of collaboration within your business if you have both of these elements in place.
When teams work well together, firms that want to flourish in a changing environment gain a lot of advantages. Starting out, having a strong collaborative work culture puts you ahead of the competition in terms of competitiveness. An organization that has productive employee collaboration is already well ahead of its rivals.
Who are apprentices?A person who apprentices learns a trade. Although an apprentice farmer receives very little pay, he or she has the opportunity to learn about farming by doing.
In the past, the only way to enter many professions was to become an apprentice. These days, we tend to think of it in terms of trades like bricklayers, butchers, and bakers. The same concept applies if you perform the same task in an office setting; it is typically referred to as an internship.
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You take out a loan for $4000 at an annual interest rate of 5% (compounded annually). You must pay back the loan in 3 annual installments. How much of the principal is still outstanding after you make the first payment? g
Answers
Answer: = $2,731.14
Explanation:
First find the annual payment.
The payment will be constant so is an annuity.
Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity
4,000 = Payment * PVIFA( 3 periods, 5%)
4,000 = Payment * 2.7232
Payment = 4,000 / 2.7232
Payment = $1,468.86
This annual Payment is divided into an interest component and a component going towards principal repayment.
Interest component = 5% * 4,000
= $200
Amount going to principal = 1,468.86 - 200
= $1,268.86
Amount of Principal Outstanding = 4,000 - 1,268.86
= $2,731.14
Lynn has an account that ears interest at annual rate of 5% percent. Interest is compounded quarterly. Lynn’s account is $4000. What is the balance in her account at the end of the year
Answers
Answer:
Ending balance in account = $4,203.8 (Approx.)
Explanation:
Given:
Starting balance in account = $4,000
Rate of interest annually = 5%
Number of year = 1
Find:
Ending balance in account
Computation:
Compounded quarterly
So,
Number of interest period = 1 x 4 = 4
Rate of interest quarterly = 5% / 4 = 1.25% = 0.0125
So,
A = P[1+r]ⁿ
Ending balance in account = 4,000[1+0.0125]⁴
Ending balance in account = 4,000[1.0125]⁴
Ending balance in account = 4,000[1.05094]
Ending balance in account = 4203.76
Ending balance in account = $4,203.8 (Approx.)
You have $25,000 of credit card debt, and you decide that you will never charge another
cent on this card. You pay only the minimum that the credit card company asks you to
pay each month. Your interest rate is 18 percent and the minimum payment is just 2
percent of your balance. How long will it take you to pay off the debt in full if you never
charge another cent?
O 22 years
34 years
0 73 years
08 years
Answers
500x12= 6000$ premium payment
18x25000= 4500-6000= 1500-25000= 23500x18%= 4230-6000= 1770-23500= 21730x18%= 3911.4-6000=2088.6-21730=19641.4x18%=3535.452-6000=2464.548-19641.4=17176.852. It probably will take you 22 years
Answer:
73 years
Explanation:
I took a quiz with this question and 73 was correct.
The three priorities in your budget, after listing income, are
Answers
Match the term with the appropriate definition.
1. spreadsheet
2. invoice
3. row
4. data
5. function
a statement you submit to get paid
for a product or service
software used to work with
numbers and financial information
information that is stored
a built-in formula in a spreadsheet
a horizontal set of data in a
spreadsheet
Answers
The terms can be matched with the appropriate definition as ;
A statement you submit to get paid for a product or service ( invoice)A software used to work with numbers and financial information( spreadsheet)Information that is stored (data )A built-in formula in a spreadsheet (function)A horizontal set of data in a spreadsheet (row)What are the terms ?A spreadsheet can be described as the tool that is used to store, as well as analyze data and can beseen to have been organized in a series of rows and columns .
invoice can be described as the statement that is needed to express what you are been paid for in term of product or service.
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Which of the following leaves no room for compromise or gray areas?
O Propaganda
O Bandwagon techniques
O Glittering generalities
O Either/or fallacy
Answers
Either/or fallacy leaves no room for compromise or gray areas
What is Either/or fallacy?Either or fallacy also known as black and white thinking or false dilemma is a type of logical fallacy where only two choices are presented often with one being portrayed as the only correct or acceptable option while the other is portrayed as being completely wrong or unacceptable.
This type of argument leaves no room for compromise or gray areas and can be misleading as it oversimplifies complex issues and limits the range of options that are available
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You have decided to pursue a career in nursing. You are willing to relocate
based on salary differences. The states you are willing to relocate to have the
following average hourly wages: NY = $35.55, MA = $32.37, CA = $36.54, and FL
$44.57. What is the mean salary for these options?
Answers
Answer:
Explanation:
Step 1: Add up all numbers
35.55 + 32.37 + 36.54 + 44.57 = 149.03
Step 2: Divide by total of numbers
149.03 divided by 4 = 37.2575 = 37.26
Answer is: 37.26
at what point (if any) does management monitoring become unethical
Answers
The most unethical and often even criminal monitoring activity is spying on workers without their knowledge or permission. When employers wish to capture workers in the act of wrongdoing and have reasonable suspicion of wrongdoing, this method is accepted as legitimate.
What is management monitoring?Generally, Monitoring workers without their knowledge or agreement is often regarded as the most unethical and, in many jurisdictions, even illegal kind of employee surveillance.
When an employer has reason to suspect employee misconduct and wants to catch workers in the act, it is permissible for the company to engage in this technique.
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Which of the following is an example of a service business?
a. Home Depot
b. Enterprise Rent-a-Car
c. Best Buy
d. Mr. G's Lawn Mowing
Answers
Answer:
D
Explanation:
All of the others are businesses that sell goods such as tools, electronics, and cars. Mr. is doing a service by mowing lawns.
The concept of demand is best described as:_____.
a. the quantity of a good or a service that people are willing and able to purchase at different possible prices.
b. the total satisfaction that consuming a good provides people at different prices.
c. the additional satisfaction derived from a quantity of goods and services obtained when income increases.
d. the quantity of a good or a service that people will offer for sale at different possible prices.
e. the quantity of a good or service that consumers will substitute when the price of a good changes.
The basic proposition of the law of demand is that:_____.
a. higher prices cause buyers to demand more.
b. buyers demand lower prices.
c. higher prices cause less demand.
d. as the price of a good decreases, buyers are willing and able to purchase less.
e. as the price of a good increases, buyers are willing and able to purchase less.
In a market economy, there is relationship between the price of a good and the amount of a good that buyers are willing and able to purchase.
Answers
Answer:
Explanation: The concept of demand usually deals with the consumers yearning for goods and services and the factors which determines the purchasing decision of consumers and the amount being purchased. Quantity and price are two associated variables which can be used to examine consumer behavior towards a certain product. Hence, demand for a product often refers to the quantity of product purchased or demanded by consumers based on the price of the product.
The demand proposition is simply of the notion that the number of quantity demanded for a certain product falls as the price of such product inversa and vice versa. The demand for a product decreases as its price begins to rise, leading consumers to look for substitute products which cost less.
NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
Answers
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
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Select each of the tasks associated with opening a checking account.
Run a credit report.
Complete a W-2 form.
Verify the account.
Deposit at least the minimum balance.
Provide information such as name, address, date of birth, and Social Security Number.
Provide identification.
Sign an authorization card.
Answers
Tasks associated with opening a checking account are:
Provide information such as name, address, date of birth, and Social Security Number.Provide identification.Deposit at least the minimum balance.Sign an authorization card.A checking account makes it simple to access your money for daily transactions while also keeping it safe. Typically, customers can pay their bills or make purchases using a debit card or a cheque. Different methods may be available for accounts to help avoid the monthly service charge.
A checking account's main function is to store your money in a safe location for a brief period of time, making it accessible when you need it to cover bills and other costs.
Customers who open checking account consent to make deposits into the account, and in return, the bank is obligated to carry out their payment instructions.
Before creating a checking account, it is important to weigh your options and find out whether or not the entity will charge you for maintaining the account and any related items. Being of legal age and fulfilling the conditions established by the chosen financial institution are the second prerequisites you must meet in order to open a checking account.
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The company is dedicated to developing high-quality housing projects that meet the needs of families and individuals, with a focus on affordability, sustainability, and innovation.
Answers
The focus of the company's housing projects is to provide affordable and sustainable housing solutions.
The focus of the company's housing projects is to address the global issue of housing affordability and sustainability. The company aims to provide cost-effective and eco-friendly housing solutions that cater to the needs of different income groups. They use sustainable building materials and technologies that reduce energy consumption, minimize waste, and lower carbon emissions.
In addition, the company works with local communities to understand their housing requirements and preferences, and designs housing projects that align with their needs. Overall, the company's focus on affordable and sustainable housing solutions contributes to the social, economic, and environmental well-being of the communities they serve.
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--The complete question is, What is the focus of the company's housing projects?--
On January 1, a company purchased a five-year insurance policy for $3,600 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is:
A. Debit Prepaid Insurance, $2.880; credit Insurance Expense, $2,880.
B. Debit Prepaid Insurance, $3,600; credit Cash, $3,600.
C. Debit Insurance Expense, $720; credit Prepaid Insurance. $2.880.
D. Debit Insurance Expense. $720; credit Prepaid Insurance, $720.
E. Debit Prepaid Insurance. $720; credit Insurance Expense, $720
Answers
Suppose that the demand and supply for good X are
=60−2 +0.01+7 !"#
=−600+10 $"
Where = quantity demand; = quantity supply; =Price of X; = Average !$"
consumer income; and = Price of a related good R #
(i) Is good X normal or inferior? Explain.
(ii) Are goods X and R substitutes or complements? Explain.
(iii) Suppose that = 40,000 and = 20, what are the equilibrium price and
quantity?
(iv) What happens to equilibrium price and quantity if supply shift to:
=−360+10
Answers
(i) Good X is an normal good as it is directly proportional to average consumer income. When consumer income increases, demand for good X also increases.
What is consumer income ?Consumer income is the money that a person or household earns from wages, salaries, investments, pensions, and other sources. It is the money that is available to be spent on goods and services, such as food, housing, clothing, entertainment, and other necessities. Consumer income is closely linked to GDP, as it is one of the major drivers of economic activity. As consumer income increases, people are more likely to spend money, which stimulates the economy.
(ii) Goods X and R are substitutes since a rise in the price of one will lead to a rise in the demand for the other. A change in the price of one good will affect the demand for the other.
(iii) If = 40,000 and = 20, then the equilibrium price and quantity of Good X can be determined by solving the equation:
60−2 +0.01*40000+7*20 = −600+10*20
This gives the equilibrium price of X to be $58 and the equilibrium quantity to be 800.
(iv) If the supply shifts to =−360+10, then the equilibrium price and quantity of Good X can be determined by solving the equation:
60−2 +0.01*40000+7*20 = −360+10*20
This gives the equilibrium price of X to be $48 and the equilibrium quantity to be 600. As the supply has shifted, the equilibrium price of Good X has decreased from $58 to $48 and the equilibrium quantity has decreased from 800 to 600.
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