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
GuDViN [60]
4 years ago
9

When there is a decrease in the price of a goodthe demand curve will shift to the right.The elasticity of demand will determine

the degree to which quantity demanded falls.The elasticity of demand will determine the degree to which quantity demanded rises.The demand curve will shift to the left?
Business
1 answer:
Margarita [4]4 years ago
8 0

Answer: The elasticity of demand will determine the degree to which quantity demanded rises.

Explanation:

Acc. to the law of demand, demand for a normal good is negatively related to its price. When price of the good falls, quantity demanded rises.

Price elasticity of demand shows us the magnitude of change in quantity demanded to a change in the price of the good.

So, when price falls, elasticity will show us by the degree to which quantity demanded rises.

You might be interested in
Last year Handorf-Zhu Inc. had $850 million of sales, and it had $425 million of fixed assets that were used at only 85% of capa
Amiraneli [1.4K]

Answer:

(C) 17.65%

Explanation:

For computing the maximum sales growth rate, first we have to determine the full capacity sales which are shown below:

= Sales value ÷ capacity percentage

= $850 million ÷ 85%

= $1,000 million

Now the maximum sales growth rate would be

= (Full capacity sales - actual sales) ÷ (actual sales)

= ($1,000 million - $850 million) ÷ ($850 million)

= $150 million ÷ $850 million

= 17.65%

6 0
3 years ago
4 components of macro​
Irina18 [472]

Answer:

The Macro Environment consists of 6 different forces. These are: Demographic, Economic, Political, Ecological, Socio-Cultural, and Technological forces. This can easily be remembered: the DESTEP model, also called DEPEST model, helps to consider the different factors of the Macro Environment.

Explanation:

8 0
3 years ago
Read 2 more answers
Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the
solong [7]

Answer:

The balance in the Finished Goods inventory account at the beginning of the year was $13,500

Explanation:

The computation of the beginning balance of the finished goods inventory is shown below:

= Ending balance of finished goods inventory + credited finished goods inventory - debited finished goods inventory

=  $13,000 + $218,500 - $218,000

= $13,500

The other information which is given in the question is not relevant. Hence ignored it

3 0
3 years ago
Rational investors:
TiliK225 [7]

Answer: 2. cause stocks with similar risks to have similar expected returns.

Explanation:

Rational Investors are what most humans are termed as. They are believed to undertake actions that will neither harm them.nor leave them neutral. In other words, Rational Investors want to be rewarded in a way that Optimum benefit is reached in relation to risk.

Because of this, they will usually expect a certain level of return for a certain level of risk so as to reach that Optimum benefit.

If all/most Rational Investors view a stock now for instance, as risky, they will expect individually, a certain level of returns but since they are all Rational, that level will probably be the same across the board.

5 0
3 years ago
Let d1 represent the demand curve for premium seats to the broadway hit hamilton, and let s1 represent the supply curve for thes
Nostrana [21]

Answer: If the producers of the show charge $497.50 for a premium seat, the scalpers will charge (a) $1200 , which is (b) $702.50 more than the price listed at the theater's box office.

Explanation: The producers are charging $497.25 for 400 seats as given by the supply curve. The scalpers will therefore charge a price which is given by the demand curve for 400 seats. Thus, the scalpers will charge $1200 for Broadway premium tickets.

The difference will therefore be= $1200 -$497.50 = $702.50

6 0
4 years ago
Other questions:
  • Most economists believe that real economic variables and nominal economic variables behave independently of each other in the lo
    12·1 answer
  • For a firm producing at any level of output GREATER than the most profitable one, a reduction in output decreases total revenue
    14·1 answer
  • Using this feature will fit an image to the size of an image frame.
    6·1 answer
  • The Darwin Company reports the following information that occurred during the current period: Sales commissions expense $15,600
    8·1 answer
  • 1. What was the cost of raw materials used in production during the year? 2. How much of the materials in (1) above consisted of
    15·1 answer
  • According to the U.S. Department of Labor Statistics, in 2009 high school graduates made approximately _____ more a year than th
    13·2 answers
  • The moving average crossover rule A. states that a crossover of the short-term moving average above the long-term moving average
    15·1 answer
  • That something unique your business should have which other business do not have ​
    14·2 answers
  • Coronado Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $708,769. The purchase agreem
    14·1 answer
  • Match the command(s) to the task it helps to complete.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!