For each of the following observations, determine whether supply, demand, or both shifted and how.
i. Over the last decade, the price of hybrid electric vehicles decreased, while the number of hybrid vehicles sold increased.
ii. During winter, the number of daily air routes between Denver and Aspen, Colorado, increases, as does the price of a ticket.
iii. From January through April in the United States, personal certified public accountants (CPAs) see a dramatic increase in their number of billable hours, but the average hourly rate of a CPA remains the same.

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22-09-2021
Business

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For each of the following observations, determine whether supply, demand, or both shifted and how.
i. Over the last decade, the price of hybrid electric vehicles decreased, while the number of hybrid vehicles sold increased.
ii. During winter, the number of daily air routes between Denver and Aspen, Colorado, increases, as does the price of a ticket.
iii. From January through April in the United States, personal certified public accountants (CPAs) see a dramatic increase in their number of billable hours, but the average hourly rate of a CPA remains the same.

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codiepienagoya codiepienagoya · Answer 1 · 2021-09-25T11:28:49+02:00

Observation aims to recognize laws these term "law", it use for the sense of Hegel's generalization, a definition of categories that enhance this same classification and rational interpretation of expertise, and the discussion of the points can be defined as follows:

The hybrid electric vehicle quantity supplied has moved to the right, so the new balance is projected to increase its outcome and also to decrease the market rate.
This happens when the market demand curve is moved to the right. At a higher value and higher output, a new balance will be achieved.
This occurs when the amount and quantity supplied are both right, when the output increases, but the prices stay the very same.

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