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djverab [1.8K]
2 years ago
10

The inverse relationship between price and quantity demanded can be graphically illustrated by ______. Multiple choice question.

an upward sloping curve a vertical line a horizontal line a downward sloping curve
Business
1 answer:
Oliga [24]2 years ago
8 0

The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Therefore, Option D is the correct statement.

<u />

<h3>What is the relationship between price and quantity?</h3>

<u />

The law of supply and demand is a keystone of present-day economics. According to this theory, the price of a good is inversely associated with the quantity offered.

This makes the experience for plenty of goods because the more high-priced it becomes, much fewer people could be capable of affording it and the demand will finally drop.

Therefore, The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Option D is the correct statement.

learn more about law of demand:

brainly.com/question/10782448

#SPJ1

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Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
Veseljchak [2.6K]

Answer:

Proposal A: 5,455 units

Proposal B: 5,770 units

Explanation:

The break-even point is the number of units required for the revenue to equal the total costs.

For proposal A:

Fixed Costs = $60,000

Variable Costs = $13 / unit

Selling Price = $24 / unit

(P-VC)*n-FC = 0\\(24-13)*n-60,000 = 0\\n=5,454.5\ units

For proposal B:

Fixed Costs = $75,000

Variable Costs = $11 / unit

Selling Price = $24 / unit

(P-VC)*n-FC = 0\\(24-11)*n-75,000 = 0\\n=5,769.2\ units

Rounding up to the next whole unit, the break-even points for proposal A and B, respectively, are 5,455 and 5,770 units.

3 0
3 years ago
Tools, equipment, and factories used in the production of goods and services;
Luba_88 [7]

Answer:

capital

Explanation:

The capital assets are all those belongnings of the company that help creating revenue.

4 0
3 years ago
Read 2 more answers
Costco and other big box price clubs charge a membership fee on top of the price of goods sold to members. This is an example of
Agata [3.3K]

Answer:  Service Charge

Explanation: a service charge goes toward the day to day running costs of a company, used to cover things like building costs, insurance, employee compensation. It is how companies like Costco are able to pass along reduced price products to members.

4 0
3 years ago
If consumers start to believe they need a product, what is likely to happen?
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I assume that they would  buy it. Thats why we have so many ads and commercials. 
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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,000
zmey [24]

Answer:

20.50 times

Explanation:

Cash coverage ratio = (EBIT + Depreciation) / Interest paid

Cash coverage ratio = ($1,640+$410) / $100

Cash coverage ratio = $2,050 / $100

Cash coverage ratio = 20.50 times

So, the cash coverage ratio for 2017 is 20.50 times

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