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
Alja [10]
3 years ago
15

If congress increases the minimum wage to $7.25 per hour, what happens to the demand for consumer goods as a result?

Business
2 answers:
KIM [24]3 years ago
8 0

Demand for consumer goods INCREASES.

vaieri [72.5K]3 years ago
8 0

Answer:

Increases

Explanation:

direct proportion

You might be interested in
I am so coufued "what i am going to in future, i am very good in art and math and cooking and pe?
Veseljchak [2.6K]

Answer:

you can be a artist or chef

3 0
2 years ago
Read 2 more answers
If the cross-price elasticity of demand between Good A and Good B is 3, the price of Good B increases, and the price elasticity
Morgarella [4.7K]

<u>Answer: </u>

We can expect to see a large change in the quantity demanded for Good A.

<u>Explanation: </u>

  • As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
  • As the price of good B is not subject to decrease in the near future, it can be expected that the demand for good A would exhibit a sudden rise.
5 0
3 years ago
How much money should you get selling gold for cash?
Viefleur [7K]
Enough to buy a Mercedes Benz.
7 0
3 years ago
The acronym now, when used by financial institutions, stands for ________ and is a type of interest-bearing checking account.
ololo11 [35]

The answer is negotiable order of withdrawal or short for the acronym NOW. The acronym NOW, when it is used in terms of financial institutions, in stands for Negotiable Order of Withdrawal, it is a type of interest-grossing checking account wherein a patron or customer is allowed to create drafts against cash held on deposit or in short words, the owner of the account can write an unlimited amount of checks for drafts or to be used.

5 0
3 years ago
Assume a company had the following production costs: Direct labor $ 2 per unit Direct material $ 3 per unit Variable overhead $
Mamont248 [21]

Answer:

Total production cost $ 14 per unit  Under absorption costing True

The total product cost per unit when 4,000 units are produced would be $22.50  False

Explanation:

Direct labor $ 2 per unit

Direct material $ 3 per unit

Variable overhead $ 4 per unit

Total variable $ 9 per unit

Fixed overhead ($50,000/10,000 units) $ 5 per unit

Total production cost $ 14

Production Costs involve the fixed costs under absorption Costing. So the total Product cost under absorption costing is $ 14.

When 4,000 units are produced the production costs are as follows

Absorption Costing: 4,000 * 14= $ 56,000

Variable Costing : 4000 * 9= $ 36,000

So the second statement is false.

3 0
3 years ago
Other questions:
  • Exercise C The marketing department of Specialty Coffees estimates the following monthly demand for espresso in these four price
    10·1 answer
  • A credit card issuer charges an APR of 15.77%, and its billing cycle is 30 days long. What is its periodic interest rate?
    8·2 answers
  • Starbucks is expanding its global operations into South America in spite the real probability of civil wars and terrorist activi
    7·1 answer
  • In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of ______.
    7·1 answer
  • According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their ______________, wh
    10·1 answer
  • The best way to overcome a sincere need objection by a business prospect is to:
    7·1 answer
  • By purchasing stock, you then become part owner of the company.<br><br> True <br> False
    11·1 answer
  • A contra-revenue account with a debit balance for returned good goods is called
    11·1 answer
  • You have been awarded an insurance settlement of $211,400 that is payable one year from today. What is the minimum amount you sh
    11·1 answer
  • If there is a recession, graduates will find it more difficult to find a job because?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!