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Mekhanik [1.2K]
2 years ago
13

Demand for bikes has suddenly increased, and the

Business
1 answer:
soldier1979 [14.2K]2 years ago
5 0

When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.

<h3>What is meant by profit?</h3>

Profit is an incentive earned by a company by selling its products at a price higher than the original cost.

From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.

Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.

Learn more about the economic profit in the related link:

brainly.com/question/15699405

#SPJ1

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What is not a potential risk of purchasing a used car?
Alja [10]

Answer:

<u>used cars can have lower initial cost</u>

<u>Explanation:</u>

Remember, the term risk often refers to an unpleasant or unwelcome event such as a loss arising from a particular action.

Hence, since we are looking for what is not a loss (potential risk) of purchasing a used car, the best option that matches this is that used cars have a lower initial cost which ofcourse can be seen as an advantage.

6 0
3 years ago
Read 2 more answers
Brief Exercise 11-16 Determine cash received from customers (LO11-7) Video Shack's accounts receivable decreases during the year
Alex73 [517]

The amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.

Using this formula

Cash Received from Customers = Net Sales + Decrease in Accounts Receivable

Where:

Net sales=$73 million

Decrease in Accounts Receivable=$9 million

Let plug in the formula

Cash Received from Customers=$73 million+$9 million

Cash Received from Customers =$82 million

Inconclusion the amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.

Learn more about cash received from customers here:brainly.com/question/5019692

8 0
2 years ago
Which statement is true of both credit cards and debit cards?
ElenaW [278]

Answer:

D

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They are linked to a checking or savings account.

5 0
2 years ago
Which of the following is a national recruiting network and suite of Web-based recruiting and career services automation tools f
aniked [119]

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NACElink Network

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Other options are incorrect as CareerBuilder is just an employment website in the United states, Monster.com is a global employment website owned and operated by Monster Worldwide, Inc. and AllianceQ database is just a database for jobs.

6 0
3 years ago
Suppose that gasoline prices increase dramatically this month. Lola commutes 100 miles to work each weekday. Over the next few m
katrin [286]

Answer:

The correct answer is option d.

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Gasoline prices increase dramatically in a month. Lola commutes 100 miles to work each weekday.  

For a few months, she tries to reduce expenses on gasoline but driving less on weekends. Within a year she moved to place only 10 miles away from her workplace.  

We see that in response to an increase in the price of Gasoline, the quantity demanded of gasoline by Lola is adjusting over time. The demand is getting more price elastic with the passage of time as a consumer is adjusting to price change and finding new ways to reduce expenses.  

This example shows how the time horizon determines the price elasticity of demand.

5 0
3 years ago
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