Answer:
D) Movement along the demand curve for oranges and a shift in the demand curve for apples
Explanation:
From the question, there was an increase in the price of oranges due to the destruction of a large number of orange crops by the hurricane. This change in price of oranges resulted to an increase in demand for apples. Therefore, this event has resulted to a movement along the demand curve for oranges and a shift in the demand curve for apples. The movement along the demand curve for oranges occurred because the price of oranges sold changed and the quantity demanded changed also. This is in line with the original demand relationship. In other words, a movement usually occurs when there is a change in the quantity demanded of a particular good as a result of a change in its price, and vice versa.
The shift in the demand curve for apples is as a result of a fall in the demand for oranges and an increase in the demand for apple therefore the suppliers tend to supply more of apples in the market.
Answer:
True
Explanation:
Before a consumer makes a decision to buy a product, several factors can affect him. Two distinct factors are the attitude of others and unexpected situational factors. When the customer notices that a lot of people around him have a negative disposition or opinion about a product, they are likely to be discouraged from buying that product.
This is even more likely to happen if the consumer lacks enough motivation to buy that product. So the attitude of others can affect the buyer's intention which is his motivation and the final decision to purchase that product.
Answer:
$26,516.67
Explanation:
Using the area occupied as a method of cost allocation (for maintenance and utilities expenses) will result in the departments occupying larger spaces bearing larger cost than departments occupying smaller spaces.
Furthermore, the same is applicable to the administrative expense which is based on the number of students.
Given that the administrative costs for the school were $63,000, maintenance fees were $25,000, and utilities were $7,300, the amount to be allocated to welding department is
= 70/280 * $63,000 + 12,000/36,000 * ($25,000 + $7,300)
= $15,750 + $10,766.67
= $26,516.67
<span>They should report all expenses and all income. After doing that they should see how they eliminated the debt. Then look at the income to compare the ratio of debt to income. Then they can see what amount was truly paid and what amount was debt. They may struggle finding the complete answer since it is the fourth occurrence.</span>