Answer: Equilibrium price rises.
Explanation:
(a) Pen and pencil are substitute goods. So, if the price of pencil increases the demand for pens increases which shifts the demand curve rightwards and hence, equilibrium price rises.
(b) There is a direct relationship between the income of an individual and demand for normal goods. If there is an increase in the income of the consumer as a result demand also increases which increases the equilibrium prices.
(c) Writing in ink becomes fashionable, people expect the price of pens to rise in the near future and the population increaseswill lead to increases the demand for pens which which shifts the demand curve rightwards and hence, equilibrium price rises.
(d) Wages of pen-makers increase will increase the cost of production and hence increases the equilibrium price of pens.
B. Credit card rates
C. Ability to get a cell phone contract
D. Federal income tax
A typical demand curve shows an inverse relationship between the price and quantity demanded of a product. As price increases, demand decreases and vice versa, demonstrating the Law of Demand.
A typical demand curve shows the relationship between the price of a product and the quantity demanded. It slopes downward, indicating an inverse relationship between price and quantity. As the price of a product increases, the quantity demanded decreases, and vice versa. This principle is referred to as the Law of Demand.
For instance, if the price of a chocolate bar is high, consumers may buy less because it's too expensive. But if the price decreases, people might buy more because it's more affordable. Therefore, the demand curve visually represents this behavior.
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B. Tax credits
C. Discounts at local suppliers
D. Fewer licensing requirements
b. In order to construct such a model, an economist would need real life data regarding countries that only produce two goods.
c. This PPF is not an economic model.
d. The fact that there are only two goods produced in this theoretical economy is a simplifying assumption that still allows economists to demonstrate key economic concepts.
The statement that is true of the model is d. The fact that there are only two goods produced in this theoreticaleconomy is a simplifying assumption that still allows economists to demonstrate key economic concepts.
Economic models are simplified representations of the real world that are used to understand economic behavior. They often make simplifying assumptions in order to make the model more manageable.
In the case of the production possibility frontier (PPF), the assumption that there are only two goods produced is a simplifying assumption that allows economists to demonstrate key economic concepts such as opportunity cost and economic growth.
Option D is correct.
Find out more on economic models at brainly.com/question/30364211
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-FICA
-Gross income
-Net income
-W-4 form
Answer:
The answer is II. business spending on new equipment
Explanation:
For a spending to be classified as investment, the money must ne spent or acquiring non-current asset(fixed asset or long-lived asset.
In the question above, only business spending on new equipment will be classified as investment because the business spent money to acquire non-current asset.
Purchase of current stock is a financing activitiy while taking out loan is also a financing activitiy.