Use the graph to answer the question that follows. Graph has quantity along the horizontal axis and price along the vertical axi
1 answer:
The statement that would describe the shift from D1 to D2 is Demand for the product increased.
<h3>Why was there a shift from D1 to D2?</h3>D2 is a curve that is to the right of D1 which means that it represents a higher level of demand for goods and services.
This means that for the demand to move from D1 to D2, there must have been an increase in the demand for the good or service and this could have been for any number of reasons including a reduction in the price of complimentary goods.
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Answer:
The correct answer is $18920.
Explanation:
Boone Company purchased a piece of machinery by paying $18,000 cash.
In addition to the purchase price, the company incurred $800 freight charges.
Estimated useful life of the machine is 5 years and will require $600 for insurance over that period.
So insurance money for a year = $ ( ) = $120.
Boone Company would record the cost of the machine at $ ( 18000+ 800+ 120) = $ 18920.