The quantity demanded for office chairs has decreased due to an increase in price. how would this change in quantity demanded be
1 answer:
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.
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Answer:
attached answer
Explanation:
equity represnet investment from owners and the accumulation of the result from the company operations.
1) equity increase the company receive an investment from owner
3-6-8) equity decrease as an expense is incurred which is a negative operation it has a negative impact on the earnings of the firm
4-5-9) the company's equity increase as income is generated from the main activity.
2-7)there is no involment of equity as the company acquired an asset and takes a liability while then, at payment an asset(cash) decrease an a liability( A/P) also decrease
We must remember that we work with accrual accounting thus, the day of collection or payment are not what determinates ncome and expenses.
