Oh! wow! markets, inc. , rejects a shipment of turkey that does not conform to its contract with poultry processing corporation, but is unable to obtain instructions from the seller. Oh! wow! markets can

Answers

Answer 1

If Oh! wow! markets, Inc. does not obtain instructions from the seller than it can Reship or store the goods for the seller.

What should be done when a purchase is not accepted?

When a company buys something from another company and the purchase does not meet the standards of the company that did the purchasing, they can reach out to the supplier like Oh! wow! markets, Inc. did. They should then wait for a response from the supplier.

If the supplier is not giving a response however, then the appropriate things for companies liked Oh! wow! markets, Inc. to do is to reship the goods to the seller/ supplier. If reshipping is not an option due to logistical challenges or risks, then Oh! wow! markets, Inc. can store the goods in question until such a time as they receive information from the supplier.

In conclusion, Oh! wow! markets, Inc. should reship or store the goods for the seller.

Options for this question are:

Destroy the goods. Cure the goods to conform with the contract. Retain the goods without paying from them. Reship or store the goods for the seller.

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Related Questions

The system of governing a company so that the interests of corporate owners and other stakeholders are protected is known as corporate governance. True or false?.

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The system of governing a company so that the interests of corporate owners and other stakeholders are protected is known as corporate governance.

The given statement is true.

What do you understand by corporate governance?

Corporate governance is the system by which companies are managed and controlled. The board is responsible for the management of its companies. The shareholders' role in governance is to appoint directors and auditors and to ensure that an appropriate governance structure is in place.The responsibilities of the board of directors include setting the company's strategic goals, providing leadership for their implementation, overseeing the management of the business, and reporting to shareholders on their management.Corporate governance is therefore about what the company's board of directors does and how it sets the company's values, and must be distinguished from the day-to-day operational management of the company by full-time executives.

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business culture affects ethical conduct in what two ways? multiple select question. in sellers being able to provide a product of value in the desire for buyers to take advantage of sales promotions in the competitive behavior among sellers in the exchange relationship between sellers and buyers

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Business culture affects ethical conduct in two ways: competitive behavior among sellers.

There are three major factors which will affect your ethical behavior: Individual factors, like knowledge, values, personal goals, morals and personality. Social factors, like cultural norms, the web and friends and family.

Creating a positive work culture: When employees consider a company's code of ethics and social responsibility, they're more likely to feel motivated and support the organization. Employers who encourage employees to require action in their community also gain more approval and commitment.

Sales ethics refers to a group of behaviors that make sure that every lead, prospect and customer is treated with respect, fairness, honesty and integrity. It implies that, as a salesman or marketer, you place the people you sell to first.

Ethical responsibility is anxious with ensuring a corporation is working in a very fair and ethical manner. Organizations that embrace ethical responsibility aim to attain fair treatment of all stakeholders, including leadership, investors, employees, suppliers, and customers.

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Business ethics is concerned more with reasoning than answers. group startstrue or false

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Business ethics is concerned more with reasoning than answers that are considered false statements.

What is ethics?

The study of what is ethically appropriate and inappropriate is referred to as ethics. The phrase is often used to refer to any idea or set of ethical standards or regulations.

The main purpose of business is to profit and increase their revenue where Business Ethics may come in there were more ethics and rules and regulation would mean that the person would need to concentrate on those things rather than their own business need. As ethics are being followed to some percentage by the business.

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chapter 3: financial planning approaches: analysis and recommendations - 9.discuss the average savings rate for retirement funding and the average retirement withdrawal rate

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Saving at least 15% of your annual income is an appropriate way of savings for retirement funding. According to statistics for a retirement period of 25 years, 4.9% of withdrawal rate works 90% of the time.

What is the average savings rate for retirement funding and the average retirement withdrawal rate?

Retirement planning includes multiple steps that evolves with time.

The process involves determining different time horizons to estimate expenses, risk tolerance assessment, calculations of after tax returns and estate planning.

To take the advantage of compounding power, one has to start retirement plans.

Saving at least 15% of your annual income is an appropriate way of savings for retirement funding.

According to statistics for a retirement period of 25 years, 4.9% of withdrawal rate works 90% of the time.

The withdrawal rates reflects the percentage that can be derived from the portfolio every year without any depletion. In a nutshell it gives an estimation of how long the money will last.

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Today, a more typical pattern of work experiences includes lateral as well as hierarchical movement within a company, however not the movement from company to company. True or false?.

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This is false; today, a more typical pattern of work experience includes lateral as well as hierarchical movement within a company, but not the movement from company to company.

Work experience is any paid or unpaid activity that gives a participant the chance to develop the fundamental abilities, education, and work ethics required to find employment. Work experience is meant to increase the employability of people who are unable to secure unsubsidized employment.

Even as a volunteer or an intern, gaining work experience will help you start building a professional network that may one day help you land another career. According to a recent survey, two thirds of companies prefer to hire new graduates who have relevant work experience because it gives them a head start on the job and increases their general business acumen. It's significant that one third of employers thought that candidates didn't know enough about their desired vocation or position.

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Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits ________ to potential employers.

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Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits independence, resourcefulness, and entrepreneurship to potential employers.

Computer programming is the manner of writing code to support unique movements in a laptop, application, or software and instructing them the way to do it. Programming is notoriously one of the hardest to grasp. thinking about how one of a kind it's miles from conventional forms of training, consisting of an undergraduate degree in laptop science, it's now not hard to look why a few humans warfare to discover ways to code.

Disclaimer:- your question is incomplete, please see below for the complete question.

Fiorella, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits ________ to potential employers. Multiple Choice

a. independence, flexibility, and discipline

b. polycentricity and strong leadership skills

c. discipline and flexibility

d. independence, resourcefulness, and entrepreneurship.

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The operating cycle is composed of which periods? multiple select question.
a. inventory period
b. accounts receivable period
c. accounts payable period

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The operating cycle is composed of the inventory period and the accounts receivable period.

The operating cycle refers to the timeframe which a business takes to procure its inventories, to complete the sale of these inventories, and to receive cash from their sale. It consists of the inventory period and the accounts receivable period.

The inventory period refers to the number of days in which an inventory sits in storage before it is sold off. The accounts receivable period indicates the time taken to receive cash from the sale of inventories.

The operating cycle is an indicator of the operating efficiency of a business. A shorter cycle indicates more efficiency.

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general electric sells a broad array of products for both businesses and consumers, from jet engines to light bulbs. ge's kitchen appliances would be considered blank .

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general electric sells a broad array of products for both businesses and consumers, from jet engines to light bulbs. ge's kitchen appliances would be considered a product line

What exactly are innovation and invention in business?

Making new things or developing new manufacturing processes is what invention is all about. Bringing this novel concept to market, or converting an invention into a product, is what innovation entails. A company can utilise the law to defend its business concept.

An invention happens when you create a brand-new concept, whereas an innovation involves enhancing an already-existing idea. Take transportation as an illustration. Being the first motorised mode of transportation, the first vehicle was an innovation when it was built.

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reflect on boeing’s decision to outsource much of the production of the dreamliner 787. what benefits did this strategy offer? were there any drawbacks? on balance, do you think boeing outsourcing strategy is good or bad for the american economy in the long term? why/ why not?

Answers

benefits of  Boeing's outsourcing:

1. 80% of Boeing customers were from foreign countries.

2. it offers job opportunities and business.

3. a good sep for expanding the market.

4. each part of the airline is generated in a particular expert country.

5. diminishes the risk of Boeing shifts to suppliers.

6. unburdens the major investment Boeing

drawbacks of Boeing outsourcing

1. logistical nightmare

2. many parts turned up late and did not snap together.

3. lack of assistance to suppliers as technical and engineering problems will slow down the entire production process.

4. Boeing loses its expertise as Boeing would stop wing production of aircraft due to technical change and brain drain.

5. core strength and skills are shifted to other companies.

6. hTheydelayed the construction by up to 4 years eventually.

Is outsourcing good or bad for the American economy?

Yes… outsourcing is genuinely a commonly useful exchange. Worldwide trade like outsourcing allows America to thrive in its most proficient areas, hence making more efficiency and wealth. According to the Social Security Organization, 51% of American specialists are now making less than $30,000 a year.

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larry is a tax accountant and sheila is a hairdresser. larry prepares sheila's tax return for free and sheila agrees to style larry's hair six times for free in return for the tax return. the value of the tax return is approximately $300 and the hair styling work is approximately $300. a. how much of the $300 is includable income to larry? is income to larry because there gross income exception in the tax law for "barter" income. b. how much, if any, of the $300 is includable income to sheila?

Answers

The Nature of the Gross Income is:-

a. How much of the $300 is includable income to Larry?

$300 is income to Larry because there is no gross income exception in the tax law for "barter" income.

b. How much, if any, of the $300 is includable income to Sheila?

$300

How can I file a barter income report?

Disclosing Barter Income

The fair market value of any items or services you obtain through bartering must be included in your gross income in the year that you receive them.  Typically, Schedule C (Form 1040), Profit or Loss from Business is where you declare this revenue (Sole Proprietorship).

How is revenue from barter taxed?

You could owe income tax, self-employment tax, employment tax, or even excise tax on your bartering income even if you didn't receive any actual cash since "barter dollars," the fair market worth of the items and services you got, are taxed the same way as cash.

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a market-oriented company .a. sees marketing as a company-wide activityb. uses mainly promotional activities and a professional sales force to market its productsc. outsources all promotional and marketing efforts to an adver

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market-oriented company a. sees marketing as a company-wide activity.

What is a marketing-oriented company?

A marketing-oriented company is a business that finds out what its customers want and then makes products to meet the demands of those specific customers.

A marketing-oriented company could be a business that's focused on effectively finding out what its clients need and after that making items planned for those clients.

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To help children resolve the crisis of autonomy versus shame and doubt, parents should?

Answers

To help children resolve the crisis of autonomy versus shame and doubt, parents should strike a balance between control and freedom.

What happens in autonomy versus shame and doubt?

Autonomy versus shame and doubt is a stage in the development of children according to Erik Erikson.

The age that a child will often pass through this stage is when they are aged between 18 month to 4 years.

Erik Erikson advices that if we are to help children through the crisis autonomy versus shame and doubt, parents should help the child with their self control.

They can do this by letting the child explore for themselves but balancing this with controlling other actions the children get involved in.

Options for this question include:

Allow the children to behave as they pleasePlace strict controls on the child's movements strike a balance between control and freedom.

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in 2009​, there were 12500 students at college​ a, with a projected enrollment increase of 1100 students per year. in the same​ year, there were 28700 students at college​ b, with a projected enrollment decline of 700 students per year.

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Both the colleges will have the same enrollment of 22400 in the year 2018

Student in college a in 2009 = 12500

Increase in enrollment per year in college a  = 1100

Students in college b in 2009 = 28700

Decrease in enrollment per year in college b = 700

Let n be the number of years it takes for the enrollment to be the same

Forming equations:

Enrollment at college a = 12500 + 1100(n-2009)------(1)

Enrollment at college b = 28700 - 700(n-2009)-------(2)

Equating (1) and (2) we get

12500 + 1100(n-2009) = 28700 - 700(n-2009)

1100(n-2009) + 700(n-2009) = 28700-12500

1800(n-2009) = 16200

n-2009 = 9

n = 2018

So, In the year 2018 both the colleges, will have the same enrollment

No. of students enrolled will be 12500 + 1100*9 = 22400

= 28700 - 700*9 = 22400

Although a part of your question is missing, you might be referring to this full question: In 2009​, there were 12500 students at college​ a, with a projected enrollment increase of 1100 students per year. In the same​ year, there were 28700 students at college​ b, with a projected enrollment decline of 700 students per year. According to these​ projections, when will the colleges have the same​ enrollment? What will be the enrollment in each college at that​ time?

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Toyota knows that people are only actively looking to purchase a car every few years. It wants to focus its ad dollars on people who are actively researching cars to purchase. What targeting dimension should toyota use for its ad campaign?.

Answers

Given that Toyota is trying to  focus its ad dollars on people who are actively researching cars to purchase, the target dimension that they would use for the ad campaign would be the market audience.

What is the ad campaign?

This is the term that is used to refer to the adverting that is done of goods and also services. The ad campaign is the way that the producers would be able to get people to buy the goods and the services that they have to offer in the market.

The market audience can be defined to be the audience that the advertising is meant for. They are the prospective customers for whom the business is trying to get the goods and the services to reach.

Hence we can say that given that Toyota is trying to  focus its ad dollars on people who are actively researching cars to purchase, the target dimension that they would use for the ad campaign would be the market audience.

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a leader's role in change and innovation is to: group of answer choices provide permission to staff to solve problems take credit for the ideas of others facilitate the conditions for change and innovation to occur take suggestions but make the ultimate decision unilaterally

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A leader's role in change and innovation is to facilitate the conditions for change and innovation to occur.

What's invention?Innovation is the practical perpetration of ideas that affect in the preface of new goods or services or enhancement in offering goods or services.ISO TC 279 in the standard ISO 560002020 defines invention as" a new or changed reality realizing or redistributing value". Others have different delineations; a common element in the delineations is a focus on freshness, enhancement, and spread of ideas or technologies.Innovation frequently takes place through the development of further-effective products, processes, services, technologies, art workshop or business models that originators make available to requests, governments and society.What's the significance of invention?Innovation is frequently necessary for companies to acclimatize and overcome the challenges of change. It fosters growth Recession can be extremely mischievous to your business. Achieving organizational and profitable growth through invention is crucial to staying round in moment's largely competitive world.

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A company makes a paper that is 3210,000 of an inch thick. what is 3210,000 written in scientific notation?

Answers

Answer:

How do you know if a number is written in scientific notation?

A number is written in scientific notation when a number between 1 and 10 is multiplied by a power of 10. For example, 650,000,000 can be written in scientific notation as 6.5 ✕ 10^8.

Suppose that the board of directors pays the ceo a bonus in any year that the share price goes up compared to the previous year, but no bonus if the share price either falls or stays the same. What would this particular type of compensation scheme be designed to control?.

Answers

By minimizing costs and resolving the conflict of interest between managers and shareholders, the ideal compensation agent scheme would maximize shareholder wealth at no cost to the company. In reality, there is no perfect agency system, which results in agency costs.

What is share?
A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares. A shareholder (or stockholder) of a corporation is someone who owns shares in that company. A share represents the ownership relationship between the company and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market value of those shares, is its denominated value. The total face value of issued shares constitutes a company's capital.

This kind of agency cost plan aims to boost shareholders' wealth. The focus of agency theory is on choosing the best course of action when there is a conflict of interest, particularly when designing a managerial compensation plan that maximizes shareholder wealth. By minimizing costs and resolving the conflict of interest between managers and shareholders, the ideal compensation agent scheme would maximize shareholder wealth at no cost to the company. In reality, there is no perfect agency system, which results in agency costs.

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​an approach to visualizing and managing capacity that recognizes that nearly all products and services are created through a series of linked​ process, and in every​ case, there is at least one process step that limits throughput for the entire​ chain is the formal definition of.

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​An approach to visualizing and managing capacity that recognizes that nearly all products and services are created through a series of linked​ process, and in every​ case, there is at least one process step that limits throughput for the entire​ chain is the formal definition of Theory of Constraints (TOC).

The Theory of Constraints is an approach for determining the most significant constraint (i.e., limiting factor) that prevents the achievement of a goal and then gradually removing that restriction from the equation. The obstruction is commonly referred to as a bottleneck in the industrial industry.

Improvement is approached scientifically using the Theory of Constraints. Every complex system, including manufacturing processes, is said to be made up of a number of interconnected activities, one of which imposes constraints on the rest of the system (the constraint activity is referred to as the "weakest link in the chain").

The central tenet of the Theory of Constraints is that every process has a single constraint, and that increasing the constraint is the only way to increase the throughput of the whole process. This has a very important corollary: only changes to the constraint will advance the objective; wasting time optimizing non-constraints will not provide meaningful advantages (achieving more profit).

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Adjustments ensure that liabilities are reported as all amounts ______ at the end of the accounting period.

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Adjustments ensure that liabilities are reported as all amounts owed at the end of the accounting period.

The expense account debit entries are balanced by credit entries to payable accounts. When the amount owed is paid, these accounts are debited rather than the expense accounts.

What is an accrued expense?

Accrued expenses are those incurred for which there is no invoice or other documentation. They are classified as current liabilities, meaning they must be paid within the current 12-month period and appear on the company's balance sheet.An example of an accrual can be a lease payment that is due regularly every month. Even if the bill for that month hasn't arrived yet, the company knows it will have to pay the usual amount. Payment terms are usually defined by company policies or as part of a pre-existing contract.Some accrued expenses are "secured," meaning that the debtor is entitled to payment from the company's assets unless otherwise paid. Others are "unsecured," meaning the debtor has no claim to the company's assets. For unsecured assets, payment terms are usually aggressive (for example, within 30 days).

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an investor writes an amex major market index 250 call at 13. the market closes that day at $262.34. the investor will break even on his short call if, on the expiration date, the index closes at:

Answers

Answer:

263

Explanation:

250+13

5. an uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of $36,000 per year for 30 years, beginning a year from today. the going rate on such annuities is 6.5%. how much would it cost him to buy such an annuity today? (hint: this is an ordinary annuity or annuity due?)

Answers

An annuity creates a constant stream of payments over a period of time that secures the future financial needs of the investor. Annuities are one of his safe investment options for retirement.

Solution:

PMT = 30,000

N = 30

I = 6.5%

The price of an annuity is the present value of all future constant payments with a discounted rate of 6.5% annually compounded.

Annuity price = 30000*1(1+6.5%)-30/6.5%

Annuityprice = 31488.46

Payments are calculated so that their cash value equals the lump sum amount of cash used to purchase the annuity. For example, if you buy a particular annuity with a lump sum of $100,000 over a period of 20 years, the insurance company can pay you $493.48 per month, and the discount rate he assumes is 1.75%. If an investor makes a large deposit, he can receive the payment today or one year later, depending on the type of annuity.

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The sales tax in the state is 7 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex $20,000
Beatrice - $190,000
Julio - $80,000
Roberta - $60,000
• Alex
• Beatrice
O Julio
• Roberta. what is it ????

Answers

Beatrice is the correct answer

Answer: Beatrice

Explanation: I the test.....

In assessing the competition, the idea is to benchmark the new venture against a competitor.
a. true
b. false

Answers

The given statement of assessing the competition is false.

Assessing the competition

The purpose of a competition assessing is to understand your competitors' strengths and shortcomings in comparison to your own, as well as to identify a market gap. A competition assessing is vital since it will assist you in determining how to improve your own business strategy. It will inform you how to outperform your competitors in these areas in order to maintain your customers' interest. As a result, you will have a competitive advantage over others in your industry.

A competitive assessing should tell the entrepreneur on how competitors promote their products and services, as well as opportunities to enter the market by filling product or service gaps in areas that your competitors do not offer or do not serve adequately.

Hence, the given sentence is false.

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Productivity refers to the degree to which an organization can achieve its ends at a low cost.
true/ false

Answers

Answer: False

Explanation: Productivity refers to the combination of the effectiveness and efficiency of an organization, while the degree to which an organization can achieve its ends at a low cost is known as efficiency.

Key numbers that characterize the current condition and trends in a specific real estate market are more commonly referred to as market?

Answers

Key numbers that characterize the current condition and trends in a specific real estate market are more commonly referred to as market parameters.

The housing market which also known as the real estate market, brings together stakeholders, such as, the homeowners, renters, contractors, real estate investors who buy and sell properties mainly for investment purposes, renovators, and the real estate brokers.

So in the real estate market, the key numbers which characterizes the current condition and trends is termed as the market parameter. Thus, investors should once consider a few mandatory parameters before investing in the real estate sector.

Hence, buying a property is impacted by the parameters.

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What is the primary difference between fraud and errors in financial statement reporting?

Answers

The aim makes the difference among fraud and error. Simply explained, errors are acts of unintended mistake or neglect, whereas fraud is an act that is purposely carried out to favor certain groups or people at the expense of others.

What is financial statement?

Financial statements are official records of a company, business, and other such entity's financial situation and actions. An convenient format is used to provide pertinent financial data in a systematic manner.

Therefore,

What is the primary difference between fraud and errors in financial statement reporting?

The aim makes the difference among fraud and error. Simply explained, errors are acts of unintended mistake or neglect, whereas fraud is an act that is purposely carried out to favor certain groups or people at the expense of others.

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Pqs reported equipment tk. 50,000 and tk. 35,000 respectively as on december 31, 2020, and december 31, 2019. the corresponding accumulated depreciation was tk. 12,000 and tk. 8,000. during 2020, pqs sold a piece of equipment for tk. 5,000 (associated accumulated depreciation was tk. 3,000) resulting in a loss of tk. 2,000. determine the following amounts for 2020. (a) depreciation expense. (b) equipment purchase.

Answers

The following amounts (Depreciation Expense and Equipment Purchase) for 2020 reported by Pqs are:

a) Depreciation Expense for the year is tk. 7,000.

b) Equipment Purchase for the year is tk. 25,000.

How is the depreciation Expense determined?

The depreciation expense is the difference between the current year's accumulated depreciation and last year's accumulated depreciation.

The above holds when there is no disposal.  However, with disposal, the value of the accumulated depreciation for the sold item should be factored into the computation.

Data and Calculations:

                                     December 31, 2020       December 31, 2019

Equipment                            tk. 50,000                      tk. 35,000

Accumulated Depreciation  tk. 12,000                        tk. 8,000

Sale of equipment during 2020 = tk. 5,000

Accumulated Depreciation of sold equipment = tk. 3,000

Loss from the sale of the equipment = tk. 2,000

Cost of equipment = tk. 10,000 (5,000 + 3,000 + 2,000)

Increase in Accumulated Depreciation (Depreciation Expense) = tk. 7,000 (12,000 - 8,000 + 3,000)

Equipment purchase = tk. 25,000 (50,000 - 35,000 + 10,000)

Thus, the Depreciation Expense for the year is tk. 7,000 while the Equipment Purchase for the year is tk. 25,000.

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sonja bishop operates a small international firm named tile, inc. a new treaty between the united states and spain conflicts with a section of the internal revenue code. sonja asks you for advice. question content area a. if she follows the treaty position, does she need to disclose this on her tax return?

Answers

Disclosure is required any time a tax treaty overrides a tax law Yes.

A protocol is a change of contract. It is important to read both the Convention and the Protocol that apply to the tax year in which the payment is made. The full text of these agreements is available from US Income Tax. A form to submit if you wish to claim certain tax treaty benefits specific to your country of residence.

The United States has income tax treaties with many other countries. Under these treaties, residents who are not necessarily citizens of another country may receive tax relief or exemption from US income tax on certain income derived from sources within the United States. Then report your earnings as normal and enter the treaty exempt amount as negative earnings under Less Common Earnings.

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Given the following: beginning stockholders' equity $58,000 ending stockholders' equity $30,000 stockholder dividends $25,000 calculate net income or net loss. $fill in the blank 2

Answers

In a condition where the beginning stockholders' equity is $58,000 ending stockholders' equity is $30,000, and the stockholder dividends is $25,000, then the net loss out of this transaction will be $3000. Therefore, the option A holds true.

What is the significance of net loss?

Net loss can be referred to or considered as the losses incurred by a firm over the revenues generated less the expenses made to incur the amount of such revenues during a given financial period.

From the given information,

Net Loss = Revenues – Expenses

Net Loss = (30000-58000) – 25000

Net Loss = $3,000

Therefore, the option A holds true and states regarding the significance of net loss.

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The incomplete question has been added below for better reference.

Given the following:

Beginning stockholders' equity$58,000Ending stockholders' equity$30,000Stockholder dividends$25,000

Calculate net income or net loss.

net loss 3,000

Net profit 3000

Net loss 5000

Net profit 2000

Determine how the equilibrium price and equilibrium quantity in the market for coffee changes if the price of tea, a substitute for coffee, decreases, and due to better weather, the price of coffee beans also decreases.

Answers

If coffee's price drops, the demand curve for tea would move to the left.

Therefore, new equilibrium would signify a decrease in both equilibrium quantity and equilibrium price.

Tea and coffee are interchangeable products. Let's say that coffee's price goes up. This will result in a rightward change in the demand curve for tea. The initial equilibrium, or E, is when the supply and demand axes cross. The equilibrium quantity of tea is OQ, while the equilibrium price is OP. The demand curve for tea moves forward as coffee prices rise.

    As a result, equilibrium quantity increases from OQ to OQ1 and equilibrium price (of tea) climbs from OP to OP1.

If coffee's price drops, the demand curve for tea would move to the left.

Therefore, new equilibrium would signify a decrease in both equilibrium quantity and equilibrium price.

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