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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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Although the ethics codes of the various professional organizations have specific differences, some of the common themes include
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<span>Although the ethics codes of the various professional organizations have specific differences, some of the common themes include: being interested in the welfare of clients, avoiding harm and exploitation, and protecting client's confidentiality and privacy.</span>
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3 years ago
During its first year of operations, Mario Lupo formed Lupo Company as a corporation and personally invested $15,000 in the busi
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Answer:

c. $25,000

Explanation:

Calculation to determine At the end of the year, the company's equity totaled:

First step is to calculate the Net income using this formula

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Let plug in the formula

Net income= 35000-23000

Net income=12000

Second step is to calculate Net income added to capital using this formula

Net income added to capital = Net income-Cash dividend

Let plug in the formula

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Now let determine the Ending company total equity using this formula

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Let plug in the formula

Ending company total equity=15000+10000

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Therefore At the end of the year, the company's equity totaled:$25,000

4 0
3 years ago
Generally, a state's statute of frauds will cover what type of contract
Dima020 [189]
This is a<span> statute which requires certain types of contracts </span>to be in writing<span> in order to be enforceable.
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There will be 5 but please do read these to ensure you know them friend.

1: Contracts for the sale or lease of or a mortgage on real property. (Land, etc)

2: Contracts that cannot by their terms be performed within one year after the date was formed.   

3: Collateral contracts such as promises to answer for the debt or duty of another individual.

4: Promises that are made in consideration of marriage. 

5: Contracts as we went over before for the sale of goods of $500 or more. 

5 0
3 years ago
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Answer:

A, absolutely liable for any collapse.

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In the cause of excavation of mineral resources on the land Umberto has mineral and excavation rights for, the surface of the land collapses.  This makes Umberto liable for the collapse of the surface of the land and Abigail can have a case against him for destruction of property.

Cheers.

5 0
3 years ago
Read 2 more answers
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lorasvet [3.4K]

Answer:

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Explanation:

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