Find the flaw(s) in reasoning in the following statement, paying particular attention to the distinction between shifts of and movements along the supply and demand curves. "A technological innovation that lowers the cost of producing a good might seem at first to result in a reduction in the price of the good to consumers. But a fall in price will increase demand for the good, and higher demand will send the price up again. It is not certain, therefore, that an innovation will really reduce price in the end." Select the part of the statement that is incorrect. Both parts of the statement are incorrect. "A technological innovation that lowers the cost of producing a good might seem at first to result in a reduction in the price of the good to consumers." Neither part of the statement is incorrect. "But a fall in price will increase demand for the good, and higher demand will send the price up again. It is not certain, therefore, that an innovation will really reduce price in the end."
Answers: 1
Business, 21.06.2019 17:00, ahatton15
Herman is covered by a cafeteria plan by his employer. his adjusted gross income (agi) is $100,000. he paid unreimbursed medical premiums in the amount of $10,500 and he itemizes deductions. what amount will herman be able to deduct for his medical insurance premium expenses?
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Business, 21.06.2019 20:30, lalacada1
If delta airlines were to significantly change its fare structure and flight schedule to enhance its competitive position in response to aggressive price cutting by southwest airlines, this would be an example ofanswers: explicit collusion. tacit collusion. competitive dynamics. a harvest strategy.
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Business, 22.06.2019 12:50, montgomerykarloxc24x
You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?
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Find the flaw(s) in reasoning in the following statement, paying particular attention to the distinc...
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