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slavikrds [6]
1 year ago
8

What is the difference between an "increase in demand" and an "increase in quantity demanded"?

Business
1 answer:
alekssr [168]1 year ago
6 0

A shift to the right of the demand curve signifies a "increase in demand," whereas movement along a particular demand curve signifies a "increase in quantity demanded." The correct response is option (B).

<h3>What is increase in demand?</h3>

A rise in demand will cause a rise in the equilibrium price and an increase in supply, all other things being equal. Reduced demand will result in a decrease in the equilibrium price and an increase in supply.

An rise in the quantity needed results from a decrease in the cost of the good (and vice versa). A demand curve depicts the amount desired and any market price. A change in quantity demanded is represented as a shift along a demand curve.

To know more about increase in demand, visit:

brainly.com/question/13213873

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Outback Steakhouse wants to expand its line of food products. The managers sent surveys to customers to determine which food ite
Anettt [7]

Answer:

Letter e is correct. Idea generation.

Explanation:

Outback through customer survey seeks to identify which items meet the needs of your target audience so you can expand your food product line. The Outback Idea Generation technique is a technique used by companies to achieve the innovation needed to develop new activities and organizational improvements, as well as to solve problems and opportunities more efficiently and systematically.

3 0
3 years ago
In its first year of operations, Crane Company recognized $29,500 in service revenue, $6,100 of which was on account and still o
Montano1993 [528]

Answer: See explanation

Explanation:

1. Calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.

The first year's net earnings under the cash basis of accounting will be:

Service revenue = $23400

Less: Expenses = $14310

Net income = $9090

The first year's net earnings under the accrual basis of accounting will be:

Service revenue = $29500

Less: Expenses = $15500

Net income = $14000

2. Which basis of accounting (cash or accrual) provides more useful information for decision-makers?

It should be noted that the accrual basis of accounting gives decision makers more useful information. This is due to the fact that the decision makers will probably want to know the revenue and the expenses that were incurred for a particular period and every other necessary details.

8 0
3 years ago
When policymakers set prices by legal decree, they obscure the signals that normally guide the allocation of society's resources
r-ruslan [8.4K]

True- prices are supposed to be controlled by the changing equilibrium of supply and demand and when the government sets a price it may increase or decrease demand or supply in a way that would not naturally take place.

3 0
3 years ago
What team do you think is going to win the Super Bowl?<br> A. 49ers<br> B. Cheifs
USPshnik [31]

Answer:

A

Explanation:

They are a way better team

6 0
3 years ago
Read 2 more answers
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $40,000 and
DerKrebs [107]

Answer:

$4,775

Explanation:

Given that,

Allowance for Uncollectible Accounts = $1,700

Write off in Accounts receivable during the year = $875

Allowance for Uncollectible Accounts required = $5,600

Closing Allowance for Uncollectible Accounts:

= Allowance for Uncollectible Accounts - Write off in Accounts receivable during the year

= $1,700 - $875

= $825

Bad debt expense for 2022:

= Allowance for Uncollectible Accounts required - Closing Allowance for Uncollectible Accounts

= $5,600 - $825

= $4,775

6 0
3 years ago
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