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cluponka [151]
2 years ago
12

In economics, the demand for a good refers to the amount of the good that people:_______

Business
1 answer:
Mariulka [41]2 years ago
8 0

In economics, the quantity of an item that consumers will purchase at various price points is referred to as the demand for the good.

Demand for anything or service means that people want to buy it and are willing and able to pay for it. Demand for a product is influenced by its price, the pricing of competing products, the consumer's income, as well as her preferences and tastes. We defined demand as the amount of something that a buyer is willing and able to acquire at each price. This implies that there are at least two more factors besides price that influence demand. A Veblen product is one for which demand rises in proportion to price. Veblen products are often of a high caliber, expertly produced, unique, and status symbol. The majority of Veblen customers are wealthy individuals who value utility over all other factors.

Learn more about demand:

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how could Government intervention to minimise affects of lack of demand in the tourism and international education sector of Aus
BlackZzzverrR [31]

<u>Explanation:</u>

The government reduces regulations on tourism activities. Tourism related companies are encouraged to establish their business in a better way by reducing the interest rates for these business. The government also funds tourism related activities such as trade events. funding is also provided for events, concerts, festivals and permanent visitor attractions that can be set.

To develop the international education sector Australian government has kept the education sectors open for business.Global networking is done by government to take international students and provide education facilities.

8 0
3 years ago
When she uses her american express card, cathy obtains possession of goods and services when they are purchased. payment is due
JulsSmile [24]
<span>American Express credit cards and credit cards in general are a type of revolving charge account. Credit cards are regarded as a revolving charge account or revolving credit because if the balance is not paid off by the period specified, it will roll over to the next period (and collect interest), thus "revolving" into the next period. This is how the debt compounds if you are not responsible with your credit cards.</span>
6 0
3 years ago
Which of the following currencies is not/are not a hard currency?* Euro O CHF RMB O CDS GBP Both b and c Both c and d​
cestrela7 [59]
Examples of some of the most prominent hard currencies are listed below: The U.S. dollar (USD) The euro (EUR) ... The Australian dollar (AUD)
6 0
2 years ago
Which of the following distinguishes mediation from negotiation? Group of answer choices vested authority with a third party dec
maxonik [38]

Answer:

The correct answer is the last option: Involving a third party.

Explanation:

To begin with, the major difference between the terms of negotiation and mediation is that in the last one there is a third party involved that seeks for the most quickly and benefitial deal for the both parties that are discussing, while in the negotiation there is not a third party and the two parties existing seeks for their own benefits, even if that means to harm the other person in the process of getting the best for one of them. That is why that the mediation needs to use a third party that has to be impartial to the situation and only wants the best for the parties in the conflict.

7 0
3 years ago
Refer to the following table to answer the following questions:
sineoko [7]

Answer:

Following are the answer to this question:

In question first, the answer is "Option d".

In question second, the answer is "Option e".

In question third, the answer is "Option e".

In question fourth, the answer is "Option e ".

In question fifth, the answer is "Option b".

Explanation:

Given values:

Checkable \ deposits =  \$ 400,000,000\\Currency = \$ 340,000,000\\Traveler's \ checks = \$ 4,000,000\\Money \ market \ mutual \ funds = \$ 50,000,000\\Small \ time \ deposits = \$ 6,000,000\\Savings \ deposits = \$ 850,000,000\\

Solution:

  • \text{M1= currency +checkable deposits + travellers check}

    = $400000000+$340000000+$4000000

    = $744000000

\bold{\text{M2 = M1 +money market mutual funds + small time deposit+ saving deposit}}

      =  $744000000 + $50000000+$6000000+$850000000

       = $1,650,000,000

  • Saving account deposits, which means its amount of money increased throughout the M2 portion regular savings account. So M2 will grow  
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  • For banks, loans are investments if they're lending money as a bank to people. So, it's on income statement asset side
3 0
3 years ago
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