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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
The maximum price that can be asked for the new jPad model is $2,000 at which point they would sell 0 units. It costs Pear $600
djverab [1.8K]

Answer: $700

Explanation:

Based on the information given in the question, the optimal price for this new jPad, which can be assumed to operate in a monopoly will be calculated thus:

P = 2000+Q

TR = P × Q

TR = (2000 + Q) × Q

TR = 2000Q + Q²

MR = 2000 + 2Q

MC = 600

Since marginal revenue equals to marginal cost, this will be:

MR = MC

2000+2Q = 600

2Q = 2000 - 600

2Q = 1400

Q = 1400/2

Q = 700

7 0
3 years ago
Joni Kingbird Inc. has the following amounts reported in its general ledger at the end of the current year.
Kazeer [188]

Answer:

Total amount reported for intangible assets: $90,400

Explanation:

An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory

Among the listed items, tangible assets in Joni Kingbird Inc. include Trademarks of 14,300 and Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,100. The total intangible asset is $90,400 .

Deposits with advertising agency for ads to promote goodwill of company 11,100, will not book in intangible asset as it’s just deposit now, the total cost after this work is completed will then book in intangible asset.

8 0
4 years ago
Leaders as good role models must walk the talk. this means they must be ________ in their words and actions. a. consistent b. ef
kvv77 [185]

Leaders must be consistent in their words.

  • There are many advantages to being an ethical leader. Leaders can influence their community to act morally by working together. Others will be inspired to emulate your moral behavior if you set an example for them and offer guidance. Moral leaders can influence a large number of people for the better by presenting them with a course of action that will benefit everyone.
  • For personal credibility and reputation, it is essential to be an ethical leader. Being a leader takes time and effort. Being unethical can seriously damage a leader's or their organization's reputation and immediately remove them from the A-league.
  • A person's self-esteem is frequently harmed by unethical behavior, which leads to a less than ideal outcome and a missed opportunity to reach one's full potential.

Thus a Leader must be consistent in their words.

To learn more about leadership, refer: brainly.com/question/12522775

#SPJ4

3 0
2 years ago
Read 2 more answers
Members of a general partnership have a _______________ relationship to each other; that is, each owes the other due care in act
Sunny_sXe [5.5K]

Answer:

Fiduciary.

Explanation:

A fiduciary is known as a person or organization that acts on behalf of another person or persons to manage assets. Essentially, a fiduciary owes to that other entity the duties of good faith and trust. The highest legal duty of one party to another, being a fiduciary requires being bound ethically to act in the other's best interests.

A fiduciary might also be responsible for general well-being, but often the task involves finances, managing the assets of another person, or of a group of people, for example. Money managers, financial advisors, bankers, accountants, executors, board members, and corporate officers all have fiduciary responsibility.

3 0
3 years ago
Answer ASAP, will give brainliest! Question is in the picture
mihalych1998 [28]
That looks very complicated hope you find the answer.
4 0
3 years ago
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