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OlgaM077 [116]
2 years ago
12

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical servic

es is:_______
Business
1 answer:
asambeis [7]2 years ago
3 0

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:(D.) Inverse

What are free market conditions?

The relationship between  quantity demanded and price normally, where the market forces are left to determine the happenings in the market, is inverse, in that as the quantity demanded increases prices decrease.

In the same vein, the relationship between the quantity of medical services demanded and the price of medical services, is also inverse which means that the amounts charged by doctors for medical treatment reduces, there would be more patients, since the cost is now cheaper which discourages people to seek alternative medicine.

Find out more about demand-price relationship on:brainly.com/question/26264326

#SPJ1

Full question:

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:

A. Unknown

B. Equal

C. Direct

D. Inverse

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During the fiscal year ended 2016, a company had revenues of $520,000, cost of goods sold of $375,000, and an income tax rate of
7nadin3 [17]

Answer:

the net income is $92,800

Explanation:

The computation of the net income is given below:

Net income is

= Sales - cost of goods sold - tax rate on the remaining balance left

= $520,000 - $375,000 - (($520,000 - $375,000) ×0.36)

= $145,000 - $145,000 × 0.36

= $145,000 - $52,200

= $92,800

Hence, the net income is $92,800

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3 years ago
The forces that make up the external marketing environment of a firm
solniwko [45]
I would choose e hope this helps you

3 0
3 years ago
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Which of the following could cause a decrease to the national debt in the usa?
saveliy_v [14]

Answer:

C

Explanation:

A period expansion is a rise in economic activity rises which substantially, spreads across the economy

4 0
3 years ago
Joey sells a clock from his store through an online auction website. He has never met the buyer, Rod, and had no communication w
FromTheMoon [43]

Answer: merchantability

Explanation: In simple word, merchantibility refers to the characteristics of a product or service that makes it reasonably useful for the customer. It implies the features that a commodity has that is expected for a customer and for which such product has been manufactured and sold.

Any commodity that is merchantable possess some implied warranty due to the warranties offered for similar products in the market. Implied warranties refers to the terms of law that are presumed to be made by the seller to the producer while dealing.

In the given case, the warranties would not be disclaimed as only the medium of transaction is unusual, the commodity is same.

5 0
3 years ago
The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:_______
Makovka662 [10]

The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:<u> Strategic planning</u>.

<h3>What is Strategic planning?</h3>

Strategic planning can be defined as the process of setting up an objectives or goals and then planning how to achieve the sets objectives and goals.

A company or an organization that want to achieve their future goals must tend to make use of Strategic planning.

Therefore The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:<u> Strategic planning</u>.

Learn more about Strategic planning  here:brainly.com/question/24864915

#SPJ1

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1 year ago
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