1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nuetrik [128]
3 years ago
6

What is the law of supply

Business
2 answers:
Roman55 [17]3 years ago
7 0

The law of supply refers to the law that states as long as everything is equal/constant, when the price of a good or service increases, the quantity of the good or service will increase. This is also true to that if everything stays the same, but the price of a good or service decreases so will the quantity of the good or service. All factors have to remain equal for this to work. Price and quantity supplied of a good are directly related to each other.

Julli [10]3 years ago
4 0
The law of supply is a fundamental principle of economic theory which states that, other factors held constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes
You might be interested in
What was Thomas Malthus’s theory of population growth?
Rufina [12.5K]

Answer:

A population would grow faster than its ability to feed itself.

Explanation:

Thomas Malthus' theory, in my personal beliefs, is remarkably accurate and quite rational. He argued that if one were to have a country/population left unchecked, as in without any form of administration, government, or central authority to balance it, that a population would thus outgrow its resources and thus result in overpopulation and a lack of necessities... something that may, perhaps, lead to eventual extinction.

This is fairly factual when you think of the contemporary age. The earth was previously believed to have a carrying capacity of about 2-40 billion people, an argument that eventually centered on around 7 billion. Today, the earth's maximum carrying capacity is generally percieved to be about 9 billion people. In this age, we currently are nearing 8 billion.

This. Is. An. Issue.

A plethora of earth's resources that life itself depends on is LIMITED. Our freshwater reserves are limited. The amount of animals on this planet, a source of food, is <em>also </em>limited. The amount of plants on this planet, significant sources of energy, food, oxygen, and all sorts of natural processes that keep everything alive, are, unfortunately, limited.

This demands that humans figure a way to require less of these precious resources, fast. By the year of 2150, we'll likely have surpassed our carrying capacity.

For the issue of food, there are options. The primary issue is that humans are omnivores, as in, we love both plants AND animals... in our stomach's, of course. A prime example is myself! Personally, I couldn't live without beef, but I <em>definitely </em>couldn't or wouldn't want to survive without spinach and broccoli, because they are absolutely delicious.

However, despite humans being omnivores, we stubbornly refuse to eat our veggies. . . meaning a mass majority of us prefer to eat meat. We breed our animals to have offspring, giving us more meat. We generically enhance or even create our meat. We love meat.

The issue being that meat is a terrible source of energy. Remember, energy comes from sources of life itself, like the sun! PLANTS take the mass majority of this energy in, not animals. Animals EAT the plants, to where as much as 80% of that initial energy source is lost, disappearing into nothing, and meaning only roughly 20% is absorbed into the animal upon eating the said plant. Then, and only then, HUMANS come to eat the animal, in which 80% of that initial 20% is also lost between these stages.

As you can see, humans end up with barely any amount of this vital energy, simply because we love meat. We feed the plants to the animals to keep them healthy so WE can then eat the said animals, thus resulting in a HUGE loss of energy. We use our land for pastures. We give other resources (like water) to the animals, again, so we can eventually consume them.

The earth is going to run out of resources at one point or another, but our current consumption habits will likely hasten this process as far as freshwater and food.

Ofc, it shouldn't need to be said that if we were ALL to switch to primarily plant-only consumption, we'd probably be set. Getting rid of all our pastures and replacing them with massive farms would give is a surplus of plants, which are remarkably better sources of energy and will thus be able to sustain humans much, much longer. We won't have to worry as much about starving.

Then again, you must ALSO worry about the fragility of plants. They can easily be detroyed by natural disastors and are dependant upon environmental conditions such as weather temperature, climate, and soil. These factors are very limiting, but then you must additionally remember the amount of care they require, as well as they are extremely vunerable to mass destruction (like droughts, burning, flooding, etc., which can wipe out a LOT at once).

Obviously it's a give-or-take thing.

Malthus said it right, three hundred years ago.

I get the length of this post was probably uneccesary but you asked a very good question that gave me an excuse to cover something in-depth.

I am inevitable.

~Troy

3 0
3 years ago
Organizations use ______ in conjunction with work breakdown structures to help management teams identify and eventually analyze
olga_2 [115]

Answer:

Risk Breakdown Structure

Explanation:

According to my research on the different techniques or structures used within organizations, I can say that based on the information provided within the question the term being used is called Risk Breakdown Structure. This structure is a pyramid structure which organizes different project risks and arranges them by category.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Which savings account will earn you the most money?
Masja [62]

Answer:

One that earns Daily

Explanation:

5 0
2 years ago
Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided
Gemiola [76]

Answer:

What journal entry did Pincus record to write off uncollectible accounts during 2021

Dr Allowance for Uncollectible Accounts $ 6,300

Cr Accounts receivable $ 6,300

What journal entry did Pincus record to recognize bad debt expense for 2021?

Dr Bad Debt Expense $ 8,040

Cr Allowance for Uncollectible Accounts $ 8,040

Explanation:

Pincus provided a total of $156,000 of services on account.  

Dr Accounts receivable $ 156,000

Cr Sales $ 156,000

In 2021, the company wrote off uncollectible accounts of $6,300  

Dr Allowance for Uncollectible Accounts $ 6,300

Cr Accounts receivable $ 6,300

By the end of 2021, cash collections on accounts receivable totaled $132,300.  

Dr Cash $ 132,300

Cr Accounts receivable $ 132,300

Balances on Accounts 31.12.2012 before adjustment  

Accounts receivable CREDIT $ 17,400

Allowance for Uncollectible Accounts DEBIT $ 6,300

Pincus estimates that 10% of the accounts receivable balance at 12/31/2021 will prove uncollectible.  

Dr Bad Debt Expense $ 8,040

Cr Allowance for Uncollectible Accounts $ 8,040

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of estimated value.

Because the company already has a DEBIT balance ($6,300) in the Allowance for Doubtful Accounts  it's necessary to register an entry that COMPLEMENT ($8,040) the existing value and reflect the value estimated as bad debts ($1,740).

Bad Debt Expense = $8,040 - $6,300 = $1,740

It's necessary to reflect $1,740 in the Allowance for Uncollectible Accounts as Credit, so we need an entry of $8,040.

7 0
3 years ago
Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price
Sergio039 [100]

Answer:

a. The yield on the repo if it has a 7-day maturity is 1.03%

b. The yield on the repo if it has a 21-day maturity is 0.34%

Explanation:

a. As per the information given in the question we have

Purchase price of treasury securities = $ 24,995,000

Repurchase price or Buy back price of treasury securities = $ 25,000,000

Maturity Period = 7 days

Applying the above values in the formula we have :

The formula for calculating the yield on repo is

= [ ( Repurchase price - Purchase price ) / Purchase price ] * ( 360 / Maturity Period )

= [ ( $ 25,000,000 - $ 24,995,000 ) / $ 24,995,000 ] * ( 360 / 7 )

= [ ( $ 5,000 ) / $ 24,995,000 ] * ( 360 / 7 )

= 0.0002 * 51.428571

= 0.010288

= 0.0103 ( when rounded off to four decimal places )

= 1.03 %

b. As per the information given in the question we have

Purchase price of treasury securities = $ 24,995,000

Repurchase price or Buy back price of treasury securities = $ 25,000,000

Maturity Period = 21 days

Applying the above values in the formula we have

= [ ( $ 25,000,000 - $ 24,995,000 ) / $ 24,995,000 ] * ( 360 / 21 )

= [ ( $ 5,000 ) / $ 24,995,000 ] * ( 360 / 21 )

= 0.0002 * 17.142857

= 0.003429

= 0.0034 ( when rounded off to four decimal places )

= 0.34 %

4 0
3 years ago
Other questions:
  • Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil
    14·1 answer
  • Working for a nonprofit company that lacks financial resources or working for a start-up company that lacks the infrastructure a
    5·1 answer
  • An employee receives an hourly rate of $30, with time and a half for all hours worked in excess of 40 during a week. payroll dat
    11·1 answer
  • Sunland Company deducts insurance expense of $213000 for tax purposes in 2018, but the expense is not yet recognized for account
    13·1 answer
  • One should never allow a stock to boil because it will cause cloudiness and
    12·1 answer
  • Beau said to a close friend, "I am fed up with my company's continual disregard for the environment. They secretly dispose of ha
    12·1 answer
  • Which of the following statements is TRUE?
    9·1 answer
  • Which one of the following best describes the concept of erosion? a. The cash flows of a new product that come at the expense of
    6·1 answer
  • You want to take out a $125,000 mortgage. The interest rate on the mortgage is 5%, and the loan is for 30 years. How much will y
    7·1 answer
  • Explain why it might be difficult for a new,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!