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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:

brainly.com/question/1139186

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Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is
Nataliya [291]

Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student. The Child Tax Credit is a refundable tax benefit claimed by filing Form 1040 claim a tax credit of $2,000 per qualifying dependent child under age 17

<h3>What is Child Tax Credit?</h3>

Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom.

The federal child tax credit (CTC) in the United States is a tax credit that is only partially refundable for parents of dependent children. Subject to an earned income level and phase-in, it offers $2,000 in tax relief per eligible kid (with up to $1,400 of that amount being refundable).

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8 0
1 year ago
1. According to Wallach, what is short-termism, and why is it a problem?
Aleks04 [339]

I inferred you are to the 2017 TEDx talk "Short-termism is killing us: it's time for Long path" by Ari Wallach.

<u>Explanation:</u>

According to Wallach, he refers to short-termism as focusing on short-term results at the expense of long-term interests.

In his words, short-termism is a problem because;

  • "it prevents the CEO from buying really expensive safety equipment"
  • "prevents teachers from spending quality one-on-one time with their students".

So in summary what Wallach is saying is that short-termism prevents futuristic thinking.

6 0
3 years ago
As it relates to source selection and procurement integrity, an appearance of a conflict of interest is not as bad as an actual
Luden [163]

Answer:

False

Explanation:

The reputation can be permanently harmed when a conflict of interest is possible.

7 0
4 years ago
Samantha is trying to decide where she should place her extra money. She has heard of two types of financial institutions—deposi
Rom4ik [11]

Answer:

The two types of financial institutions—depository and non-depository

The main difference:

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Non-depository institutions earn a profit from the interest paid on loans made to customers.

Explanation:

The best way to differentiate a depository institution from a non-depository institution is to compare the two terms.   Whereas a depository institution is a savings bank, legally allowed to accept monetary deposits from consumers (for example, commercial banks, savings and loan associations, or credit unions),  non-depository institutions do not accept monetary deposits from customers (for example insurance companies, pension funds, securities firms, government-sponsored enterprises, and finance companies), but they all render financial services.

6 0
3 years ago
Read 2 more answers
___ establishes the salary of the chief executive officer of a company
professor190 [17]

Answer:

The board of directors because the board of directors are ahead of the chief executive, but below the CEO. But have power to control who their CEO is.

3 0
2 years ago
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