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labwork [276]
1 year ago
9

If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would:________

Business
1 answer:
evablogger [386]1 year ago
7 0

If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would <u>move its demand curve to the left</u>.

<h3>What is a demand curve?</h3>

Basically, a demand refers to the quantity of a good that consumers are willing and able to purchase at various prices during a given time. For this demand, the curve is a sort if graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time such as a year.

When the demand curve move to the left, this indicates a decrease in demand because the consumers are purchasing fewer products for the same price. Some other causes are when Consumers spend less because the cost of living is rising or because government taxes have increased or decide to spend less and save more if they expect prices to rise in the future.

In conclusion, when there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would move its demand curve to the left.

<u />

Read more about demand curve

brainly.com/question/16790743

#SPJ1

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ABC Company sells 300 machines for $5000 each in the current year. Each machine carries a one-year warranty. Experience from the
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Answer:

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Dr Warranty expense 30,000

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Depending on what type of costs are incurred by the company, the account credited will vary, e.g. if units are replaced, then inventory must be credited, or if units are repaired and only labor is used, then wages payable or cash should be credited. Since the question doesn't give us a lot of details, I credited cash.

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A publisher reports that 55% of their readers own a particular make of car. a marketing executive wants to test the claim that t
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Based on the percentage of readers who own a particular make of the car and the random sample, we can infer that there is sufficient evidence at a 0.02 level to support the executive claim.

<h3>What is the evidence to support the executive's claim?</h3>

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Null hypothesis : P = 0.55

Alternate hypothesis : P ≠ 0.55

We then need to find the test statistic:

= (Probability found by marketing executive - Probability from publisher) / √( (Probability from publisher x (1 - Probability from publisher))/ number of people sampled

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= P( Z < -2.56) + P(Z > 2.56)

= 0.0052 + 0.0052

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The p-value is 0.0104 which is less than the significance level of 0.02. This means that we reject the null hypothesis.

The Marketing executive was correct.

Find out more on the null and alternate hypothesis at brainly.com/question/25263462

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