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Damm [24]
2 years ago
13

The quantity demanded for office chairs has decreased due to an increase in price. how would this change in quantity demanded be

represented on the demand curve?
Business
1 answer:
garri49 [273]2 years ago
8 0

This change in quantity demanded is represented on the demand curve as a movement from one point on the curve to a lower point on the curve.

<h3>What is a demand curve?</h3>
  • A demand curve is an economics graph that depicts the connection between a commodity's price (the y-axis) and the volume of that commodity demanded at a certain price (the x-axis).
  • Demand curves can be used to model the price-quantity relationship for a single consumer (an individual demand curve) or for all consumers in a given market (a market demand curve) (a market demand curve).
  • Demand curves are generally assumed to slope downward (as given in the image below).
  • This is due to the law of demand, which states that when the price of good rises, the quantity demanded decreases.

The demand curve in the above-given situation:

  • A change in direction from one point on the curve to another.
  • A change in price causes an increase in quantity demanded, which is represented by a movement from one point on the curve to a lower point on the curve.

Therefore, this change in quantity demanded is represented on the demand curve as a movement from one point on the curve to a lower point on the curve.

Know more about a demand curve here:

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Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in mi
Serga [27]

Solution :

It is given that Fizzo and Pop Hop sells orange soda. Fizzo advertises about his drinks while Pop Hop does not advertises.

According to the matrix provided we can conclude that :

-- If Fizzo wishes to advertise about his soda drinks, he will earn a profit of 8 million dollar and if Pop Hop do advertises and a 15 million dollar if Pop Hop does not advertises.

-- If Fizzo does not advertise, it will earn profit of about 2 million dollar if Pop Hop advertises and 9 million dollar if Pop Hop does not advertises.

-- When Pop Hop wished to advertise , Fizzo will make a higher profit if he chooses to advertise.

-- When Pop Hop do not advertise, Fizzo will make a higher profit when it chooses to advertise.

And if both the firms acts independently and they start off not advertising, then --- both firms will advertise as both of them will earn highest profits each.

If both the firms collude and both firms start off not advertising, the strategies they will end up is that both the firms will not advertise as the joint profit will be maximized.

3 0
3 years ago
The ratio of estrogen to progesterone remains constant throughout pregnancy into labor. false true
kati45 [8]

False, The ratio of estrogen to progesterone does not remains constant throughout pregnancy. Estrogen levels rise and progesterone levels fall in preparation for labor to begin.

<h3>What is Estrogen and progesterone ?</h3>

The two key hormones in a woman's body are progesterone and estrogen. These steroid hormones are in charge of giving the body its unique female traits.

The ovaries are a pair of ova-producing organs that support the health of the female reproductive system by creating egg cells.

The ovaries are an endocrine gland that secretes hormones, notably estrogen and progesterone, that are essential for normal reproductive development and fertility in addition to their function in ova production.

Therefore, it is False that, The ratio of estrogen to progesterone remains constant throughout pregnancy into labor.

Learn more about Estrogen here:

brainly.com/question/28202257

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5 0
2 years ago
Interview a business owner in your local community on the negative impact of crime on her business​
earnstyle [38]
What is the question
4 0
3 years ago
This inventory system requires a physical inventory count to be made at least once during the year. Answer 1 This inventory syst
juin [17]

Answer:

Answer 2 : This inventory system computes and records costs of goods sold at the end of the period.

Explanation:

The time at which records of costs of goods sold is done determines a company`s inventory system.

Two inventory systems exist which companies can use in their business which are Periodic and Perpetual inventory systems.

Periodic Inventory System

In this system recording of cost of goods sold is done at the end of a certain period.It could be after a week, month or year.This is the type is system that is  being explained in the question.

Perpetual

The other is the other system of recording cost of goods sold. In this system cost of goods sold is computed at end of each sale ( at the time of sale)

Hence it is important to note when the count of inventory is done. If at the end of a period then its Periodic and when count is done after every sale then that is Perpetual.

7 0
4 years ago
Managerial accounting includes the planning function. Which of the following items would be part of the planning function of a​
Scilla [17]

Answer:

It is choosing goals and deciding how to achieve them (D)

Explanation:

As part of the planning process, managerial accountant guides management during  goals and objectives formulation for the organization .

Management accounting provides past, futuristic and external information that can help management make informed planning  and decision as regard setting various organizational goals and objectives including financial, operational ,strategic,market goal etc a

6 0
3 years ago
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