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k0ka [10]
2 years ago
5

The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy du

e to a change in its price is called:
Business
1 answer:
solong [7]2 years ago
8 0

The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.

<h3>Shift in Demand</h3>
  • When a fundamental driver of demand changes, the location of the demand curve will move to the left or right.
  • The demand curve shifts to the right to indicate increases in demand. A rise in income, an increase in the cost of a substitute, or a decrease in the cost of a complement could all contribute to this.
  • An increase in the quantity needed at every price results from a movement in demand to the right. For instance, if drinking coke gets more popular, demand will rise regardless of price.

Hence, the change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.

To learn more about Shift in Demand refer to:

brainly.com/question/15604750

#SPJ4

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Salad Express exchanged land it had been holding for future plant expansion for a more suitable parcel of land along distributio
r-ruslan [8.4K]

Answer:

1.  $173,500

2. $ 71,000

Explanation:

Requirement 1: Solution

We can calculate the fair value of new parcel of land just by adding the current market price with additional cash paid to complete the transaction

Fair Value = Current market price + cash paid additionally

Fair Value = $150,000+$23,500

Fair value = $173,500

Requirement 2: Solution

We need to calculate Gain/loss on exchange first in order to record them on books. This can be done by just subtracting the land's book value from the current market price of land

Gain/loss on exchange = Current market price - book value

Gain/loss on exchange = $150,000 - $79,000

Gain/loss on exchange = $71,000

Entries:               Debit                          Credit  

New land           $173,500

Old land                                                 $79000

Cash                                                       $23,500

Gain                                                        $71,000

5 0
3 years ago
Jenae's study ignored the fact that only some of her coffee choices had caffeine, even though her co-workers preferred caffeinat
ch4aika [34]

Answer:

Placebo effect

Explanation:

Placebo effect occurs when an individual starts to show positive response to an inactive substance after being told the substance has powers to cure.

The person's mind subconsciously helps him heal or perform better on the false belief that the substance is effective.

In the given scenario Jeanne labelled decaffeinated coffee as caffeinated coffee. On consumption her co-workers claimed that the extra boost of caffeine helped them focus on their work.

This is a placebo effect.

8 0
3 years ago
evaluate whether locating closer to raw materials is the most important factor when locating a business. if not what other facto
lutik1710 [3]

Answer:

The nature of the major raw material requires to produce the product of the business determines the level of importance attached to locating a business closer to raw materials.

Explanation:

The level of importance attached to locating a business closer to raw materials depends on the nature of the major raw material requires to produce the product of the business.

When the major raw material requires to produce the product of the business is a heavy raw material that cannot be easily transported, locating the business closer to the raw material will be the most important factor.

However, when the major raw material requires to produce the product of the business can be easily be transported, locating the business closer to raw materials will NOT be the most important factor. In this case, some of the other important factors to consider will include proximity to markets; availability of labour; water supply; availability of power, fuel or gas; waste products disposal facility and among others.

6 0
3 years ago
What significant event took place in Dave Thomas's life in March of 1993?
Shkiper50 [21]
If you are talking about the Wendy's founder, he received his GED in March 1993.
7 0
3 years ago
Read 2 more answers
The term used to define what is expected of individuals because of their specific positions in an organization is called their
Leto [7]

The term used to define what is expected of individuals because of their specific positions in an organization is called their job description. The job description is a list explaining what is needed for the job the person has applied for. This description lets the person applying know what is expected of the person they hire. If hired and offered the position then the duties listed in the description and sometimes more will need to be completed.

7 0
3 years ago
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