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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

#SPJ4

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zheka24 [161]

Answer:

The correct answer is: black market for apartments whereby higher rents are obtained through various other charges.

Explanation:

A price ceiling refers to an upper limit fixed for the price of a product or service. A rent ceiling means that rent cannot be charged higher than this limit.  

This rent ceiling would create higher demand and a smaller supply of apartments. This is because of law of demand and law of supply.  

Because of shortage of apartments in the market, a black market will be created where the apartment owners will be able to charge higher rents through other charges.

6 0
3 years ago
Select which of the ways that entrepreneurs improve the economy is being described:
8_murik_8 [283]

Answer: (B) Demand for products

Explanation:

 The demand for the products is basically refers to the process in which the amount of the specific products are get purchased for the particular price so that the one business organization increase their productivity and the other business meets its specific requirement.

There are basically five factors which determine the demand of products function in an organization are as follows:

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Therefore, Option (B) is correct.

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Which of the following is NOT one of the mentioned ways high school differs from higher learning?
Digiron [165]
Hey there!

<span>Which of the following is NOT one of the mentioned ways high school differs from higher learning?

Answer: </span>
<span>Amount of support and guidance

Hope this helps
Have a great day (:
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