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Alja [10]
4 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]4 years ago
8 0

Demand for consumer goods INCREASES.

vaieri [72.5K]4 years ago
8 0

Answer:

Increases

Explanation:

direct proportion

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I think it is either C or D. I'm not sure which one though. Hope this helped, have a great day! :D
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Customer support is when you provide a customer that has a question or needs help with technical assistance on how to use your p
ruslelena [56]

Yes, the definition of customer support is correct

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2 years ago
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At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.20, the coffee shop w
kykrilka [37]

Answer:

a. 2.20

Explanation:

The computation of the price elasticity of supply is shown below;

Here,

P1 = $1 Q1 = 100

P2 = $1.20 Q2 = 150

We know that  

Price elasticity  = percentage change in quantity supplied ÷ percentage     change in price

where  

Percentage change in quantity supplied = (Q2-Q1)÷(Q2+Q1) ÷ 2)×100

= (150-100) ÷(150+100) ÷ 2)×100

= 40

And,  

Percentage change in price is

= (P2-P1) ÷ (P2+P1) ÷ 2)×100

= ($1.20 - $1) ÷ ($1.20 + $1) ÷ 2)×100

= 18.1818

So, price elasticity of supply is

= 40 ÷ 18.1818

= 2.20

5 0
3 years ago
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Statement: In advance of severe flooding, there is a need to get generators and communications equipment to the Staging Areas to
OLga [1]

Answer:

3) Logistics Chief

Explanation:

Following NIMS guidelines, logistics in responsible for providing all the service and support needs including:

  • essential personnel, equipment, and supplies  
  • communication planning and resources
  • food services
  • incident facilities
  • transportation
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In a more general sense, logistics refers to providing the necessary methods for transporting resources.

4 0
4 years ago
On December 31, 2018, Wellstone Company reported net income of $73,000 and sales of $202,000. The company also reported beginnin
erma4kov [3.2K]

Answer:

$191,000.00

Explanation:

The cash amount of cash collected from customers is the amount of sales revenue in the year 2018 adjusted for changes in accounts receivable balances as shown by the formula below:

cash collected from customers=sales revenue+begining accounts receivable-ending accounts receivable

sales revenue=$202,000

the begining accounts receivable=$16,500

the ending accounts receivable=$27,500

It is expected that cash received would be sales less the increase in accounts receivable

cash collected from customers=$202,000+$16,500-$27,500

cash collected from customers=$191,000.00

6 0
3 years ago
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