According to economic principles, as prices fall, quantity demanded goes up.
What is equilibrium price?
The market price at which the amount of goods supplied and the amount of goods sought are equal is referred to as the "equilibrium price."
The demand and supply model's reasoning is straightforward. For instance, when sugar prices are lower, the market's demand is automatically increased.
Excess demand is depicted in the graph. The price is less than the equilibrium price, as shown by p2 on the graph, since as the price decreases, the quantity demanded increases.
As a result, option (a) As prices fall, quantity demanded goes up is correct.
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Answer:
Explanation:
A. John’s basis in the 1,000 shares of Intel stock is $45,750.
is the purchase price of $30,000 (i.e., 44 × $1,000) plus the $750 commission paid to the broker.
b.On the sale, John realizes $62500. This is the sales price of $63500 (i.e., 1,000 × $63.50)minus the transaction fee of $1,000.
c.John’s gain on the sale is $16,750 which is the amount realized minus his adjusted basis (i.e., $62500 – 45,750). The gain is a long-term capital gain because John held the stock for more than a year before selling
If this is a true or false statement, then true.
Answer:
c. $10,340
Explanation:
For year 2018, the deduction for medical expense is amount of qualified medical expense that exceeds 7.5% of AGI.
Expenditure Richard can deduct as medical expense = $5300 + $7900 + $5100 + $830 + $960 - 7.5% * $130000
= $10,340
As such option c is correct and other options a, b, d and e are incorrect.
Answer:
Firstly in a long arm resolution, it requires the damage to be occurred inside the state, in the event of individual damage activities.
In the event that the defendant’s executes any business inside the state or agreements anyplace to supply products and enterprises inside the state than the cases emerging from this are amiable to jurisdiction and test for exchange is subjective. Along these lines an agreement of guaranteeing any individual, property inside the state has the option to present locale.
So here, Florida had individual locale over the defendant where the defendant had marked the long haul contract with the offended party. So the Florida law would apply right now, the court discovered there was sufficient to build up close to home locale in Florida as observed by the defendant’s educated and deliberate contacts with Florida partnership.
