1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexgriva [62]
2 years ago
14

If the price of a product increases, the demand for the resource used in producing that product decreases.

Business
1 answer:
valentina_108 [34]2 years ago
6 0

Economists call this the law of demand. As the price of a product increases, the quantity demanded decreases (but the demand itself remains the same). If the price falls, the quantity demanded will increase.

Resource Prices – Rising resource prices lead to a decrease in supply or a leftward shift in the supply curve. Falling resource prices lead to an increase in supply or a rightward shift in the supply curve.

An increase in demand shifts the demand curve to the right and a decrease in supply shifts the supply curve to the left.

A decrease in demand leads to a decrease in the equilibrium price. Less quantity to deliver. An increase in supply leads to a  product decrease in the equilibrium price, all other things being equal. Demand increases.

Learn more about resources at

brainly.com/question/1046299

#SPJ4

You might be interested in
Across mass marketing, niche marketing, and one-to-one marketing, the underlying method of dealing with heterogeneity is the sam
katovenus [111]

Across mass marketing, niche marketing, and one-to-one marketing, the underlying method of dealing with heterogeneity is the same: focus on smaller group such that the needs of each group are similar until the focus reaches individual customer.

<h3>What is the mass marketing?</h3>

Mass marketing is used to refer to the type of marketing that is done on a large scale. In this type of marketing, the producers would have to ignore the segments that may exist in the market.

Hence they would have to market the product to the entire market so that it gets to a larger audience hence it may bring about a greater market for the producer.

Read more on marketing here: brainly.com/question/25369230

#SPJ1

5 0
2 years ago
A decrease in energy prices will: decrease short-run aggregate supply. increase short-run aggregate supply. decrease aggregate d
Alex73 [517]

Answer:

increase short-run aggregate supply.

Explanation:

Given that energy is an important part of the production process. It is often considered to be the next in line after labor, thereby having a significant effect on the economy's aggregate supply of real production.

Hence, a decrease in energy prices will decrease the production cost and in turn lead to an increase in short-run aggregate supply, thereby making the SRAS curve shift rightward.

This is because a decrease in energy prices will make it possible for companies to increase their supply of real production at a cheaper cost

7 0
3 years ago
Instruments had retained earnings of $ 390 comma 000 at December​ 31, 2017. Net income for 2018 totaled $ 220 comma 000​, and di
VashaNatasha [74]

Answer:

The retained earnings should Quartz report at December​ 31, 2018 is $570,000

Explanation:

In this question, we apply the retained earnings equation which is shown below:

Ending retained earnings balance = Beginning retained earning balance + net income - dividend paid

= $390,000 + $220,000 - $40,000

= $570,000

The net income should be added while dividend should be deducted for finding out the ending retained earnings balance

3 0
3 years ago
Gossip and rumor in an organization are part of the ________, which itself is a type of ________ communication channel. Multiple
MrMuchimi

Gossip and rumor in an organization are part of the <u>Grapevine</u>, a type of <u>Informal</u> communication channel.

This is because a Grapevine is a form of an informal communication channel in a business organization. In this way, the information can be diffused from any level, either from bottom to top or top to bottom.

The information passed is usually in the form of gossip and rumor. It does not have official backing or formal approaches such as through emails of the business firm or signed and stamped letters.

Hence, in this case, it is concluded that the correct answer is Grapevine; and informal.

Learn more here: brainly.com/question/12163131

4 0
3 years ago
A corporate bond has a face value of $1,000 and a coupon rate of 9.5%. The bond matures in 12 years and has a current market pri
joja [24]

Answer:

5.71%

Explanation:

The after tax cost of debt=pretax cost of debt*(1-t)

where t is the tax rate of 35% or 0.35

pretax cost of debt=yield to maturity

The yield to maturity can be determined using rate formula in excel as below:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon interest payable by the bonds i.e 12 coupons in 12 years

pmt is the annual coupon=$1000*9.5%=$95

pv is the current market price-flotation cost=$1,100-$48=$1052

fv is the face value of $1000

=rate(12,95,-1052,1000)=8.78%

After tax cost of debt=8.78% *(1-0.35)=5.71%

6 0
3 years ago
Other questions:
  • Wilson, a sales representative at a health club, tried selling a $700 membership plan to one of the club's most loyal customers.
    8·1 answer
  • An – reflects the amount of one currency required to purchase one unit of another currency. to put it simply, it is the – of for
    9·2 answers
  • What consequences do borrowers face if they miss many payments?
    14·1 answer
  • Travelers who have no intention of showing up often fail to cancel their hotel reservations in a timely manner. These travelers
    9·1 answer
  • Yolo I'm alone. And need help. Cuz I'm broke.
    6·1 answer
  • Guay Corp., a start-up company, provided services that were acceptable to its customers and billed those customers for $400,000
    15·1 answer
  • XYZ Corporation produces and sells 10,000 units of Product X each month. The selling price is $40 per unit, and variable expense
    13·1 answer
  • There is an E. coli breakout on a cruise shio which leads to the cancellation of reservations on other cruise ships. What kind o
    8·1 answer
  • In the short run, an unexpected increase in prices will:.
    12·1 answer
  • Describe why cash flow management is important to a business and its financial health. Use a recent financial news story as an e
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!