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
jekas [21]
3 years ago
12

The quantity of good Y is measured along the vertical axis, and the quantity of good X is measured along the horizontal axis. If

the prices of both good Y and good X rise, the budget line shifts outward to the right and the vertical and horizontal intercepts will both rise. shifts inward to the left and both intercepts will decline. rotates, rising along the vertical axis but falling along the horizontal axis. None of these.

Business
1 answer:
Degger [83]3 years ago
5 0

Answer:

shifts inward to the left and both intercepts will decline.

Explanation:

A budget line shows the various combinations an individual can purchase of two goods given an income level or budget.

When there is an increase in price, the number of goods that can be bought at all price levels decreases, there is a shift in the budget line to the left.

This is illustrated in the attached diagram. When price increases there is a shift from A'B' to AB

You might be interested in
Current Attempt in Progress
Allisa [31]

Answer:

Net Increase in cash = $124,200

Explanation:

Note: The correct value for Year 2021 inventory is $510,300 not $10,300.

Also note: See the attached excel file for the statement of cash flows for 2022.

In the attached excel file, the following workings are used:

Workings:

w.1: Increase in accounts receivable = Account receivable in 2022 - Account receivable in 2021 = $237,600 - $205,200 = $32,400

w.2: Decrease in inventory = Inventory in 2022 - Inventory in 2021 = $450,900 - $510,300 = -$59,400  

w.3: Decrease in accounts payable = Accounts receivable 2022 - Accounts receivable 2021 = $105,300 - $116,100 = -$10,800

w.4: Disposal of land = Land in 2021 - Land in 2022 = $270,000 - $216,000 = $54,000

w.5: Purchase of equipment = Equipment in 2022 - Equipment in 2021 = $702,000 - $540,000 = $162,000

Download xlsx
3 0
3 years ago
Making a down payment reduces the
levacccp [35]
<span>d. loan principle amount

The loan principle amount is the amount of money borrowed for the loan. Making the down payment 1) proves the creditworthiness and capability of the buyer and 2) the overall amount of money to payback.</span>
5 0
3 years ago
What is a common complaint about regulations pertaining to the establishment and operation of various businesses?
scoundrel [369]

Answer:

They are too restrictive in economic freedom

Explanation:

6 0
3 years ago
Read 2 more answers
ABC Tax Planning Service started business in January 2018. The company rented an office for $5,400 per month starting from Janua
Sholpan [36]

Answer:

balance in the Prepaid Rent account as of April 30 is $10800

Explanation:

given data

rent office =  $5,400 per month

rent paid = 6 month i.e January 1 to June 30

to find out

balance in the Prepaid Rent account as of April 30

solution

we know here that Period Expired till April 30 = 4 months ( January 1 to April 30)

and

so Period Balance = 2 Months  ( May 1 to June 30 )

so Prepaid Rent is = Balance Period × Rent per month

Prepaid Rent = 2  × 5,400

Prepaid Rent = $10800

so balance in the Prepaid Rent account as of April 30 is $10800

6 0
3 years ago
Which statement describes the role of the Federal Reserve System? A. It prints all the paper money in circulation in the United
kumpel [21]
The job of the Federal Reserve System is to control the supply of money in the United States. Although it might seem like the Federal Reserve System prints the money as well, but this is in fact not true. The U.S. Treasury prints paper and coin currency and the Federal Reserve System distributes the money globally. 
6 0
3 years ago
Read 2 more answers
Other questions:
  • Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $83,000. The appra
    6·1 answer
  • According to the ohio and u.s. constitutions, which responsibility is held by both the state of ohio and the federal government
    6·1 answer
  • Leah works for toffolon technicians in new hampshire, where she earns $30,000 annually. she contributes 3% to her 401(k), of whi
    8·1 answer
  • Your organization has experienced multiple incidents of graffiti tagging and people loitering in the parking lot despite the cha
    6·1 answer
  • A supplier has contracted to deliver Halloween costumes to a party supply store by October 15th. However, due to a natural disas
    14·1 answer
  • In order to formulate strategies that align with the mission some of the activities the organization will need to perform are
    12·1 answer
  • PLS HURRY I AM ON A TIMER! what types of people can you learn from on Twitter?
    10·2 answers
  • The federal deficit fell from $1,300 billion in 2011 to $1,087 billion in 2012. How much of this change was due to
    12·1 answer
  • Luther is a successful logistical services firm that currently has $5 billion in cash. Luther has decided to use this cash to re
    10·1 answer
  • The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ______
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!