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DochEvi [55]
3 years ago
15

Draw a supply curve of smartphones. Label it. Use any prices and quantities you wish but make your supply curve obey the law of

supply. Then draw an arrow to indicate what happens to the quantity of smartphones supplied when the price of a smartphone rises. A rise in the price of a smartphone​ ______ the quantity supplied and​ ______ supply.
Business
2 answers:
stepladder [879]3 years ago
7 0

Answer:

A rise in the price of a smartphone​ <u>increases</u> the quantity supplied and​ <u>cause a rise in</u> supply

Explanation:

The law of supply is a fundamental principle of economic theory which states that, keeping other factors 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.

Law of supply depicts the producer behavior at the time of changes in the prices of goods and services. When the price of a good rises, the supplier increases the supply in order to earn a profit because of higher prices.

The suppliers of smartphones will have more supplies readily available in order to maximize profit.

svet-max [94.6K]3 years ago
4 0

Answer:

<u>Increases; changes</u>

Explanation:

The law of supply states that when prices of a commodity (smartphone) rises, the supply (from producers/manufacturers) increases the quantity supplied of that product <em>since it provides opportunity for them to make profit.</em>

And this quantity supply increase will <em>definitely lead</em> to increase supply of that product.

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A buyer contracts to purchase a property from a seller for $212,000. Two weeks before closing, a buyer's agent for another compa
ehidna [41]

The listing associate should present the offer to the seller as a potential backup offer for further negotiation.

<h3>Who is a seller?</h3>
  • A seller is any person or company who sells a product, service, or financial asset.
  • Short selling is the practice of borrowing securities that are not held in order to sell them and then repurchase them at a reduced price.
  • A "writer" is a seller of options who collects the premium from the buyer.
<h3>What is an offer?</h3>
  • In exchange for something else, a commitment to do or refrain from doing something.
  • An offer must be worded and delivered in such a way that a reasonable person would expect its acceptance to result in a binding contract.

Therefore, the listing associate should present the offer to the seller as a potential backup offer for further negotiation.

Know more about a seller here:

brainly.com/question/906651

#SPJ4

7 0
2 years ago
Do different societies require different amounts of societal resources?
Alex787 [66]

Answer:

Yes,  different societies require different amounts of societal resources. Explanation:

The amounts of societal resources are based on the size or population of the society. The more vast the population the more resources needed. For example, the USA and Russia have a different population count, so that does mean we require different amounts of societal resources.

5 0
3 years ago
Which of the following is not an example of safeguarding inventory? a.physical devices such as two-way mirrors, cameras, and ala
Talja [164]

Answer: The Option "d.returning inventory that is defective or broken" is NOT an example of safeguarding inventory.

Explanation: If we analyze the statements:

a.physical devices such as two-way mirrors, cameras, and alarms - These are all tools intended for protection against possible inventory theft.

b.storing inventory in restricted areas - Restricting access only to inventory-enabled personnel is able to protect the inventory much more than if anyone can access it.

c.matching receiving documents, purchase orders, and vendor's invoice - Controlling each of the purchase documents and performing the physical count reduces the possibilities of inventory differences for losses or errors.

d.returning inventory that is defective or broken - Returning the defective inventory is a post-echo action that occurred due to the unprotection of the inventory, therefore it could not be referred to as an example of inventory protection.

3 0
3 years ago
On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock of Tige Co. On that date, the book value of Ti
shusha [124]

Answer:

            Dr. Investments in Associates 250,000

            Cr.            Cash                                 500,000

          Dr. Cash                                   10,000

          Cr.            Investments in Associates 10,000

          Dr. Investments in Associates 50,000

          Cr.     Investment revenue                    50,000

Explanation:

The equity method is a type of accounting used to incorporate investments. It is used when the investor holds significant influence over the investee but does not exercise full control over it.

An investor is deemed to have significant influence over an investee if it owns between 20% to 50% of the investee’s shares or voting rights.

- Jolley receives dividends of $10,000, which is 25% of $40,000, and records a reduction in their investment account. The reason for this is that they have received money from their investee.

- Jolley records the net income from Tige Co. as an increase to its Investment account.

4 0
4 years ago
The idea that investors today compare the returns on bonds with differing times to maturity to see which is expected to give the
Zielflug [23.3K]

Answer:

expectations theory

Explanation:

Expectations theory is defined as the prediction of what short-term interest rates will amount to in future based on the current long-term interest rates on an investment.

The theory suggests or states that "an investor will earn the same amount of interest by investing in two consecutive one-year bond investments that in one two-year bond investment".

Simply put, the theory say that one can invest twice in a one year bond and still make the same interest rate as investing once in a two-year bond.

This theory helps investors to make profits faster and even higher through multiple investments on bonds.

Cheers.

8 0
3 years ago
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