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1 year ago

Holding the nonprice determinants of demand constant, a change in price would:

1 answer:

7 0

Holding the nonprice determinants of demand constant, a change in price would result in either a decrease in demand or an increase in demand.

An alternate in a nonprice determinant changes the relationship between rate and amount demanded, either increasing or reducing the amount demanded at every rate. on occasion referred to as non-very own-rate determinant. A boom or decrease in the amount demanded of an awesome, service, or resource at each fee.

The demand curve shifts horizontally. A surplus will arise in a market if: the quantity provided at a given rate exceeds the amount demanded at that rate.

Whilst a nonprice determinant of demand modifications calls for curve shifts, there may be a boom or lower in demand. when the rate of great adjustments, we move along the demand curve to a new factor on the curve, and there's a boom or lower in quantity demanded.

Learn more about demand here: brainly.com/question/1245771

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What is the correct answer Even when competitive firms are unable to calculate marginal revenue product directly,

Aleks04 [339]

Answer: The corrects answers are "C) the pressures of competition in the labor market" and A) will push wage rates toward the marginal revenue product of labor.".

Explanation: Because the correct and complete statement would be: Even when competitive companies cannot directly calculate the product of marginal income, the pressures of competition in the labor market will push wage rates towards the product of marginal income from labor.

Making it clear that the strong pressures that are the product of competition in the labor market pushed wage rates towards the product of marginal income.

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3 years ago

Suppose the market for corn is a purely competitive, constant-cost industry that is in long-run equilibrium. now assume that an

sergij07 [2.7K]

After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.

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3 years ago

On August 1, Greene Company purchased merchandise inventory on account with a list price of $25,000 and credit terms of 2/10, n/

Alekssandra [29.7K]

Answer:

August 1, merchandise purchased on account 2/10, n/30

Dr Merchandise inventory 25,000

Cr Accounts payable 25,000

Explanation:

If Greene paid within the discount period, the journal entry to record the payment would be:

August 2-11, payment of accounts payable

Dr Accounts payable 25,000

Cr Cash 24,500

Cr Purchase discounts 500

If Greene didn't paid within the discount period, the journal entry to record the payment would be:

August 20, payment of accounts payable

Dr Accounts payable 25,000

Cr Cash 25,000

5 0

3 years ago

Ginny, a licensee, uses a preprinted contract in Tim's purchase of a new loft apartment. There is a discrepancy in the contract

777dan777 [17]

Answer:

The handwritten clause generally supersedes the preprinted clause.

Explanation:

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2 years ago

When managing your human resources, _____________ is the process of deciding who should be hired, under legal guidelines, to ser

Oksanka [162]

Answer:

Employee Selection

Explanation:

Employee Selection -

It refers to the process of selecting the best candidate for the company or organisation , is referred to as employee selection .

The first of all requirement in most of the selection process is the educational qualification , which need to be fulfilled and then proceeded to further steps .

There could be various steps involved for the selection process , like test , interview , group discussion etc.

The people excelling in all the steps are selected to work for the company .

Hence , from the given information of the question ,

The correct term is employee selection .

3 0

3 years ago