Consider the market for smartphones. explain whether the following events would cause an increase or a decrease in supply or an increase or a decrease in the quantity supplied. illustrate each, and show what would happen to the equilibrium quantity and the market price. a. the price of touch screens used in smartphones declines. b. the price of machinery used to produce smartphones increases. c. the number of manufacturers of smartphones increases. d. there is a decrease in the market demand for smartphones

The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a tv now, and wait a year to pay (with no in

The questions of economics address which of the following ? check all that apply

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.