Consider Harris's decision on the number of camping trips in a year. Suppose Harris's total benefit (in dollars) from n camping trips in the coming year can be described by the following function: TB(n) = 1234Vn = For example, the total benefit of 4 camping trips is 1234/4 = 2468 dollars. Suppose, at the beginning of every year, he has to spend 500 dollars to refurbish his camping gear, and the cost (transportation, etc.) is 180 dollars per trip. Based on this information, we expect Harris to do [ Answer04 ) camping trips in the coming year. (Assume that the number of camping trips can only be integers.)
Answers
We expect Harris to do 4 camping trips in the coming year is found using the the function TB(n) = 1234Vn .
In this problem, we need to determine the number of camping trips that Harris should make in the coming year.
We are given the following information:
Harris's total benefit (in dollars) from n camping trips in the coming year can be described by the function
TB(n) = 1234Vn
For example, the total benefit of 4 camping trips is 1234/4 = 2468 dollars.
Suppose, at the beginning of every year, he has to spend 500 dollars to refurbish his camping gear, and the cost (transportation, etc.) is 180 dollars per trip.Let us try to understand the function
TB(n) = 1234Vn. This function describes Harris's total benefit in dollars, given the number of camping trips n. For example, if he makes 4 camping trips, his total benefit will be 1234/4 = 2468 dollars.
In addition, the cost of transportation, etc. is 180 dollars per trip.
Thus, if he makes n camping trips, his total cost will be 500 + 180n.
Therefore, his net benefit (total benefit minus total cost) will be TB(n) - (500 + 180n).
We need to determine the number of camping trips that maximizes Harris's net benefit. This means that we need to find the value of n that makes TB(n) - (500 + 180n) as large as possible.
To do this, we can take the derivative of this expression with respect to n and set it equal to zero. This will give us the critical point(s) where the net benefit is maximized.
d/dn(TB(n) - (500 + 180n))
= d/dn(1234/n - 500 - 180n)
= -1234/n² - 180 = 0S
olving for n, we get n = 4.08.
This means that the net benefit is maximized when Harris makes 4 camping trips (since he can only make a whole number of trips, he should make 4 trips).
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Related Questions
The following present value factors are provided for use in this problem. Present Value of an i Present Value Periods of $1 at 9% 0.9174 Annuity of $1 at 9%. 1 8.9174 2 0.8417 1.7591 3 0.7722 2.5313 4 0.7084 3.2397 Cliff Company wants to purchase an asset for $82,000, but needs to earn a return of 9%. The expected year-end net cash flows are $32,000 in each of the first three years, and $36.000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)? $(998) $24,504 $106,504 $(56,498) $132,000
Answers
Rounding to the nearest whole dollar, the machine's net present value is $24,504. The correct answer is $24,504.
To calculate the net present value (NPV) of the machine's cash flows, we need to discount each cash flow to its present value and then subtract the initial investment.
Using the present value factors provided:
The present value factor for the first year is 0.9174.
The present value factor for the second year is 0.8417.
The present value factor for the third year is 0.7722.
The present value factor for the fourth year is 0.7084.
Now, let's calculate the present value of each cash flow:
Year 1: $32,000 × 0.9174 = $29,358.40
Year 2: $32,000 × 0.8417 = $26,934.40
Year 3: $32,000 × 0.7722 = $24,710.40
Year 4: $36,000 × 0.7084 = $25,503.84
Next, sum up the present values of the cash flows:
$29,358.40 + $26,934.40 + $24,710.40 + $25,503.84 = $106,506.04
Finally, subtract the initial investment of $82,000:
$106,506.04 - $82,000 = $24,506.04
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Who are office chief , sectional chief and assistant in school ?
Answers
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
___ refers to the resources, such as ideas, information, money, trust, etc, available in and through personal and business networks.
• Human capital
• Liking capital
• Sociogram
• Social capital
Answers
The term that refers to the resources, such as ideas, information, money, trust, etc, available in and through personal and business networks is social capital.
Social capital refers to the resources, connections, and relationships that exist within personal and business networks. It encompasses various elements such as ideas, information, trust, support, and cooperation that can be accessed and utilized through social connections.
Social capital plays a significant role in facilitating communication, collaboration, and the exchange of resources among individuals and organizations. It enables the sharing of knowledge, opportunities, and social support, which can have positive impacts on personal and business outcomes. Social capital is built through social interactions, trust-building, and maintaining strong relationships within networks, and it can provide individuals and businesses with valuable resources and advantages.
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Select the correct answer.
What effect does inflation have on the prices of goods and services?
OA.
Prices decrease.
OB.
Prices double.
Ос. .
Prices increase.
OD
Prices stay the same.
Answers
Answer:
Prices increase, C
Explanation:
Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.
Hope this helps
Answer:
A
Explanation:
if inflation of SUPPLIES then price will decrease.
If inflation of MONEY then yea the price would rise.
Cinnamon Toast Crunch cereal and Trix cereal are considered substitute goods. Because of this, one would predict that, holding all else constant, if the price of Cinnamon Toast Crunch cereal increases, we would see
Answers
As Crunch cereal and Trix cereal are substitute goods, then, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left
What causes demand curve to shifts to left?In economics, when the demand curve shifts to the left it means that determinant causes demand to drop and less of the good or service is demanded.
In conclusion, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left
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Select all the correct answers.
Which statements are true according to the law of supply?
A decrease in demand leads to an increase in supply.
A decrease in demand leads to a decrease in supply.
An increase in price leads to a decrease in supply.
A decrease in price leads to a decrease in supply.
An increase in price leads to an increase in supply.
Answers
Answer:
A decrease in demand leads to a decrease in supply.
A decrease in price leads to a decrease in supply.
An increase in price leads to an increase in supply.
Explanation:
Supply refers to the volume of a product that sellers are willing to sell in the market at a given price. As per the law of supply, a higher price motivates sellers to avail more products in the markets. Sellers or suppliers are businesses and are motivated by higher profits. When prices are high, the profit margin will be high, which is an incentive for increased supply. Lower prices have lower margins, which is a risk to a business. Low prices result in reduced prices.
Supply is influenced by demand. If supply does not match demand, there will be either a shortage or excess supply in the market. When demand is low, sellers will reduce supply to avoid losses associated with excess supply .
For Edmentum/Plato users, the correct answers are bolded below:
A decrease in demand leads to an increase in supply.
A decrease in demand leads to a decrease in supply.
An increase in price leads to a decrease in supply.
A decrease in price leads to a decrease in supply.
An increase in price leads to an increase in supply.
The following table shows world-wide sales of Nokia cell phones and their average wholesale price in 2004
Quarter. Second. Fourth
Wholesale ($). 111. 105
Sales (million). 45. 4. 51. 4
Use the data to obtain a linear demand function for Nokia cell phones and use your demand equation to predict the sales if Nokia lowered the price further to $103
Answers
By estimating the slope and intercept of a linear equation using the data, we can create a linear demand function for Nokia cell phones:
How can it be calculated in detail?Let y represent sales and x represent the wholesale price (in millions). We can calculate the slope using the data from the second and fourth quarters:
slope = (51 - 45) / (105 - 111) = -1/3
The intercept may now be determined using one of the data points. Using the statistics from the fourth quarter:
y = mx + b
51 = (-1/3) * 105 + b
b = 51 + (1/3) * 105 = 88
So the linear demand function is:
y = -1/3x + 88
If Nokia reduced the price to $103, we can use the demand equation with the substitution x = 103 to forecast sales:
y = -1/3(103) + 88
y = 54.67
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The basic outcomes of InfoSec governance should include all but which of the following? A. Value delivery by optimizing InfoSec investments in support of organizational objectives
B. Time management by aligning resources with personnel schedules and organizational objectives
C. Resource management by utilizing information security knowledge and infrastructure officiently and effectively D. Performance measurement by measuring, monitoring, and reporting information security governance metrics to ensure that organizational objectives are achieved
Answers
The basic outcomes of InfoSec governance should include all of the options A, C, and D, except for option B. Time management is not a basic outcome of InfoSec governance.
InfoSec governance is the set of practices and policies that govern the protection and management of an organization's information assets. It ensures that information is available, confidential, and accurate to meet the organizational objectives.
The primary goal of InfoSec governance is to align the information security with the organizational objectives. Value delivery by optimizing InfoSec investments in support of organizational objectives is the first basic outcome of InfoSec governance.Resource management by utilizing information security knowledge and infrastructure efficiently and effectively is the second basic outcome of InfoSec governance. It means that the organization should manage the information security resources effectively to ensure that they are used efficiently.Performance measurement by measuring, monitoring, and reporting information security governance metrics to ensure that organizational objectives are achieved is the third basic outcome of InfoSec governance. In summary, InfoSec governance is a critical process for organizations to protect their information assets and align their information security programs with their organizational objectives. The basic outcomes of InfoSec governance are value delivery, resource management, and performance measurement, but not time management.Know more about the resource management,
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Name three characteristics of liquid assets. what are the disadvantages of having too much or too little money held as liquid assets?
Answers
The three characteristics of liquid assets are:-
With little to no loss in value, liquid assets may be quickly changed into cash.These assets are easily transferred to other parties and third parties without any restrictions or limits. Liquid assets have a continuous value that is not dependent on a specific area or market and is available on both domestic and international markets.The two disadvantages of having too much money held as liquid assets is:-
Money is deemed to be idle money since we cannot receive a return or interest on it.When inflation grows, idle money loses its buying power and loses value over time. For example, if raw material costs rise sharply, more money will be needed to make a purchase, lowering the amount of money that may be spent.To know more about liquid asset visit:
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In 2 or 3 sentences, explain how these concepts relate to the essential question: "When is more of a good thing too
much?".
Answers
A good or useful product or action can be detrimental or excessive in excess amounts. For instance, Although the exterior Santa, sled, reindeer, and gnomes are nice, the indoor lights are far too much of a good thing.
How much of an excess is a good thing?If something is too much of a good thing, it stops being beneficial or enjoyable and instead becomes overwhelming or detrimental. The subject at hand would be beneficial or enjoyable in tiny doses, but destructive or burdensome in big ones. One mango, for instance, is both tasty and healthy. But there is such a thing as too much good. Even healthy things have the possibility of causing harm.
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DCO, LLC has prepared a Direct Labor Budget for December with respect to its production of chairs that shows a budgeted direct labor cost of $929,880. Each unit of product requires 2.05 total labor hours to produce, and the hourly labor rate is $16.80.
Answers
The budgeted direct labor cost for December for DCO, LLC is $929,880.
To calculate the budgeted direct labor cost, we need to determine the total number of labor hours required and multiply it by the hourly labor rate.
Given:
Budgeted direct labor cost = $929,880
Labor hours per unit = 2.05
Hourly labor rate = $16.80
Let's calculate the total number of labor hours required:
Labor hours per unit * Number of units = Total labor hours
2.05 * Number of units = Total labor hours
To find the number of units, we need additional information or assumptions. Without the number of units, we cannot determine the total labor hours. Please provide the number of units for a more accurate calculation.
The budgeted direct labor cost for December is $929,880. However, without the number of units produced, we cannot calculate the total labor hours required. Please provide the number of units to complete the calculation accurately.
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what are the infrastructure for business?
Answers
Answer: Business infrastructure are the basic facilities, structures and services upon which the rest of a business is built. It is common to think of infrastructure as physical things but basic software and services can also be considered infrastructure. The following are common examples of business infrastructure
Explanation:
do a man's physical strength allows his to work more effectively than a women?
Answers
Answer:
yes
Explanation:
if we are talking about a job in which strength is necessary men tend to be stronger this is because of muscle structure and other evolutionary factors in the way but if it's a job about art things that the creativity and not use of strength is needed is fair game
Answer:
yes
Explanation:
what he said ^
4. Define equilibrium price, demand schedule, and supply schedule. Then, briefly
explain how demand and supply schedules are used to find the equilibrium price. (4
points)
Answers
Answer: equilibrium price- It's means a price at which both demand and supply of consumer is satisfied
Demand schedule - A tabular representation which show the difference demand at different price level
supply schedule - A tabular representation which show the supply of a commodity at each price level
The demand and supply schedule are used to find the equilibrium price by-
• when both demand and supply curve intersect at a particular point that price is call equilibrium price
• Demand curve is downward sloping and supply curve is upward slopin
The equilibrium price is the price at which the quantity demanded by buyers matches the quantity supplied by sellers in a market. A demand schedule is a table that shows the quantity of a good or service that buyers are willing and able to purchase at different prices. A supply schedule is a table that illustrates the quantity of a good or service that sellers are willing and able to produce and offer for sale at various prices, assuming other factors remain constant.
The demand schedule provides information about how much buyers are willing to purchase at different prices. It shows the quantity of the good or service that buyers demand at each price level. The supply schedule, on the other hand, indicates how much sellers are willing to produce and offer for sale at different prices. It shows the quantity of the good or service that sellers supply at each price level. By analyzing the demand and supply schedules, the equilibrium price can be determined.
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If you were marketing a product to a particular target market and you only knew the demographic characteristics, what product benefits (WIIFM, or “What’s in it for me?”) would you highlight in your marketing
Answers
The product benefits to be highlighted in the marketing based on demographic characteristics are
beneficial to particular agebeneficial to particular working classbeneficial to particular gender etcWhat is the demographic segmentation?In marketing, this refers to the segmenting of customers according to gender, age, ethnicity, family size, religion etc.
The use of demographic segmentation in marketing helps to provide the needs and want to consumers based on the demograph gathered from them.
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S.
Economics
Explain the term "Budget"
Answers
I got a 50 the first time taking this, don’t know what I got wrong.
Answers
Answer:
true , for sure because the lesser the deadweight loss of a tax
how much would you need to save each month to accumulate $2,000,000 at the end of 30 years if the prevailing apr is 6%?
Answers
Under $2000 you need to save each month to accumulate $2,000,000 at the end of 30 years if the prevailing apr is 6%.
What is APR?
The phrase annual percentage rate of charge (APR), which can also be referred to as a nominal APR or an effective APR (EAPR), refers to the interest rate for the entire year (annualized), as opposed to only a monthly fee or rate, as applied on a loan, home loan, credit card, etc. It is an annual rate of a finance charge. In some nations or legal jurisdictions, those terms have formal, legal definitions, however in the United States: The annual percentage rate (APR), which is used in some places, is the condensed version of the actual amount of interest that the borrower will be required to pay on a loan. As a sort of consumer protection, lenders (like banks) are frequently compelled to disclose the "cost" of lending in some standardized manner.
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define economics according to adam Smith .
Answers
Smith defined economics as “an inquiry into the nature and causes of the wealth of nations.”
Individuals and business organizations that buy finished goods and resell them to make a profit without changing the physical characteristics of the product are classified as ____ markets.
Answers
Answer:
reseller
Explanation:
Kasey Corp. has a bond outstanding with a coupon rate of 5.86 percent and semiannual payments. The bond has a yield to maturity of 4.3 percent, a par value of $2,000, and matures in 24 years. What is the quoted price of the bond
Answers
Answer:
Market price = $2,464.21
Explanation:
coupon rate = 5.86% / 2 = 2.93%
YTM = 4.3% / 2 = 2.15%
face value = $2,000
periods to maturity = 24 x 2 = 48
Present value of face value = $2,000 / (1 + 2.15%)⁴⁸ = $720.42
Present value of coupon payments = $58.60 x {[1 - 1/(1 + 0.0215)⁴⁸ ] / 0.0215} = $1,743.79
Market price = $2,464.21
Answer:123.21
Explanation:
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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Match each job example with its career cluster.
Israel is a Cashier
Science, Technology, Engineering, and
Mathematics
Rakhee is an Aircraft Structure
Assembler
Manufacturing
Arie is a Chemist
Information Technology
Jake is a Flight Attendant.
Transportation and Logistics
Deb is a Video Game Designer.
Marketing, Sales, and Service
Answers
Answer:
Israel is a Cashier ⇒ Marketing, Sales, and ServiceAs a cashier, Israel is involved in the sales industry.
Rakhee is an Aircraft Structure Assembler ⇒ ManufacturingAssembling the structure of an airplane is a process in airplane manufacturing so this falls under manufacturing.
Arie is a Chemist ⇒ Science, Technology, Engineering, and Mathematics.Arie is a chemist which is a science related field as it involves chemistry and biology.
Jake is a Flight Attendant ⇒ Transportation and LogisticsJake as a flight attendant is in the transportation and logistics industry because planes transport people and goods.
Deb is a Video Game Designer ⇒ Information TechnologyDeb as a video game designer is in the IT industry which deals with software and computer related ventures.
What is the legal doctrine of employment at will?
Explain three different legislative or judicial limitations on this
doctrine. Do you think any are unreasonable?
Answers
The legal doctrine of employment at will allows employers or employees to terminate the employment relationship at any time.
Legislative and judicial limitations include anti-discrimination laws, public policy exceptions, and implied employment contracts.
The reasonableness of these limitations is subjective and depends on different perspectives.
The legal doctrine of employment at will states that either the employer or the employee can terminate the employment relationship at any time and for any reason, as long as it does not violate a specific law or employment contract.Three legislative or judicial limitations on the employment at will doctrine are:Anti-discrimination laws: It is illegal to terminate an employee based on protected characteristics such as race, gender, religion, or disability.
Public policy exceptions: Employees cannot be fired for reasons that violate public policy, such as retaliation for whistleblowing or exercising legal rights.
Implied employment contracts: In some cases, oral or written statements made by the employer can create an implied contract, limiting the employer's ability to terminate without cause.
Whether these limitations are unreasonable is subjective and depends on individual perspectives and the balance between protecting employees' rights and providing flexibility to employers.Learn more about legal doctrine of employment here:
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How much will it cost to purchase materials for a fence if 63 feet are needed and the fencing costs $10.16/ yard? Set up the problem below and calculate the cost. Place your conversion factors in order such that "feet" cancels first. 63 feet. Drag and drop your selection from the following list to complete the answer:
Answers
To calculate the cost of purchasing materials for a fence, we need to convert the given measurement from feet to yards and then multiply it by the cost per yard. The cost to purchase materials for the fence would be $213.36.
Given:
Length of fence needed = 63 feet
Cost of fencing per yard = $10.16/yard
To convert feet to yards, we know that 1 yard is equal to 3 feet. So, we can set up the conversion as follows:
63 feet * (1 yard/3 feet)
Now we can calculate the cost:
Cost = Length of the fence in yards * Cost per yard
Cost = (63 feet * (1 yard/3 feet)) * $10.16/yard
Simplifying the expression:
Cost = 21 yards * $10.16/yard
Cost = $213.36
Therefore, the cost to purchase materials for the fence would be $213.36.
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If the MPS in an economy is 0.25, government could shift the aggregate demand curve leftward by $24 billion by
Multiple Choice
reducing government expenditures by $6 billion.
reducing government expenditures by $96 billion.
increasing taxes by $24 billion.
increasing taxes by $192 billion.
Answers
If the MPS (Marginal Propensity to Save) in an economy is 0.25, the government could shift the aggregate demand curve leftward by $24 billion by reducing government expenditures by $96 billion.
The MPS represents the portion of each additional dollar of income that individuals save rather than spend. In this case, an MPS of 0.25 implies that individuals save 25% of any increase in their income. To shift the aggregate demand curve leftward by $24 billion, the government needs to reduce aggregate spending by that amount.
Since the MPS is 0.25, a reduction in government expenditures of $96 billion ($24 billion divided by 0.25) would translate into a decrease in disposable income for individuals by $24 billion. This reduction in disposable income leads to decreased consumer spending, shifting the aggregate demand curve to the left.
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How do the number of prey and predators affect each other?
Answers
Describe the internal control issue in the following situation. The mail clerk opens the mail, records the receipts, and turns this record and the receipts over to the bookkeeper, who deposits the receipts in the bank. The bookkeeper then records the receipts in the customer accounts.
Answers
The internal control issue in the situation with the mail clerk opening the mail and recording the receipts, and the bookkeeper recording the deposits, is Segregation of Duties.
What is the Segregation of Duties internal control ?The procedures, checks, and balances that must be put in place when a business expands are known as internal controls. Any component of your business, from IT to human resources, can be related to internal controls.
One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
The idea that managing a firm shouldn't be the responsibility of one person forms the cornerstone of segregation of roles. No one individual should be in charge of any task that could result in fraud or other illegal activities that could hurt the business.
This is why the mail clerk and the bookkeeper should not be doing the number of tasks that they do.
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Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.
Answers
Answer:
diversification
Putting money into more than one kind of investment at a time is called diversification.
What is diversification?Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.
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what happens when a Market is at disequilibrium
Answers
Explanation:Disequilibrium refers to an imbalance between the quantity demanded and the quantity supplied, at a particular price. If the product is underpriced, it will cause a shortage (excess demand) and this will push up price, encouraging further supply until equilibrium is reached).
Answer:Disequilibrium refers to an imbalance between the quantity demanded and the quantity supplied, at a particular price. If the product is underpriced, it will cause a shortage (excess demand) and this will push up price, encouraging further supply until equilibrium is reached).
Explanation: