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never [62]
3 years ago
6

Holding all other things constant, a higher price for ski lift tickets would a) increase the number of skiers. b) increase the p

rice of skis. c) decrease the number of skis sold. d) decrease the demand
Business
1 answer:
slega [8]3 years ago
3 0

Answer:

The answer is C. decrease the number of skis sold

Explanation:

This satisfies the popular law of demand which states that other things being equal, the higher the price the lower the quantity demanded and vice-versa.

Ski lift is a normal good which also satisfies the law of demand. The elasticity of demand is elastic meaning 1% increase in price will lead to a significant decrease in quantity demanded.

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First Federal loaned Madeline $20,000 to purchase a new van. The van was for Madeline's personal and family use. First Federal's
ivanzaharov [21]

Answer: False

Explanation:

First Federal's security interest is indeed a Purchase Money Security Interest (PMSI) but it doesn't only perfect upon filing a financing statement.

The PMSI can also be perfected by POSSESSION specifically of TANGIBLE CHATTEL PAPER which is simply a document that states that the holder is owed money and has a security interest in the goods associated with the debt.

In this case that Tangible Chattel Paper can be the car's title which can indicate the car loan as a security Interest.

5 0
3 years ago
Please fill in the blanks with appropriate option.
Fiesta28 [93]

Answer: Please refer to Explanation

Explanation:

1. Inflationary Gap.

Due to the availability of more disposal income due to tax cuts, more amount is being spent on consumption leading to a rise in actual GDP which is more than the potential GDP as the economy has not adjusted.

2. Output Gap.

This is the difference between the Actual GDP and the Potential GDP.

3. Demand Shock

This increases or reduces Aggregate Demand due but only temporarily.

4. Recessionary Gap.

This is where actual GDP falls below Potential GDP.

5. Supply Shock.

Like a demand shock, it suddenly increases or reduces the supply of goods and services. It is temporary as well.

6. Self Correction

Economists believe that in the long run, the Economy is capable of adjusting to shocks and returning to it's potential and natural levels.

8 0
2 years ago
Workplace diversity describes differences among workers in any of the following areas:
Svetllana [295]

Answer:

religion

race

Explanation:

Diversity in the workplace is a deliberate attempt to incorporate a wide range of different workers. It is an appreciation that each person or group of people is unique and has diverse characteristics.  Workplace diversity results in the organization being accommodative to diverse cultures and different identities.

Workplace diversity embraces race, gender, age, sexual orientation, ethnic groups, religion, sexual orientation, and physical conditions. It also includes other unique differences between people.

4 0
3 years ago
________ examines organizational units for efficiency, effectiveness, and adequate controls.
mel-nik [20]
Currently, I would say LEAN and Six Sigma.
8 0
3 years ago
Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years,
Gekata [30.6K]

Answer:

reach us to get instant help with your assignments https://toplivewriters.com

Explanation:

3 0
2 years ago
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