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
Law Incorporation [45]
4 years ago
11

According to the law of supply, if the price of electric ranges increased, everything else held constant (ceteris paribus), then

(A) the supply of electric ranges would decrease.(B) the demand for gas ranges would decrease.(C) the demand for electric ranges would increase.(D) the supply of dishwashers would increase. (E) the quantity supplied of electric ranges would increase.
Business
1 answer:
Soloha48 [4]4 years ago
7 0

Answer:

(E) the quantity supplied of electric ranges would increase.

Explanation:

The law of supply, as the name indicates, only considers the effects of changes in price on supply. Therefore answers B, C and D shouldn't be considered at all.

As the price of electric ranges has increased, there is a bigger incentive for suppliers to increase their output. The term 'ceteris parabis' is important here as other factors can influence supply as well, so we need to know that nothing else has changed. Suppliers now have increased profits so they will produce more units to maximise their profits.

You might be interested in
The correct definition of a balance sheet includes which of the following statements? (Check all that apply.)
noname [10]
Kekskkwoskdyigfcycjfuctructcutycyucytcuytftfytiftyuftfytfytfuytffytufygfuyg
4 0
3 years ago
Which of the following is not a role of a real estate agent?
masya89 [10]

Answer: C

Explanation: it’s common sense real estate agents help people sell their house and help others buy a house and have contracts for them but it’s not their responsibility to clean it

5 0
4 years ago
What do you think are the main pros and cons of conservatism in financial accounting?
Artemon [7]

Answer:

Negative revenues fully reflect the entire profit during the time they occur. When working under the principle of conservatism in financial accounting, there is an asymmetric timeline of profits.

5 0
3 years ago
Name important roles in business
pychu [463]
Worker, boss, consumer
4 0
3 years ago
Read 2 more answers
Effective business messages are well organized and context appropriate; therefore, your first step in crafting effective message
arsen [322]

Answer:

c. Break longer topics into multiple paragraphs

Explanation:

To achieve an effective business message, the paragraphs should be well organized, and this can be achieved by limiting the number of topic's length through the breaking of the longer ones into multiple paragraphs.

Apart from a good organization of the topic, this approach will give the readers a clear view and understanding of the message that is being passed across.

5 0
3 years ago
Other questions:
  • Explain why each function is continuous or discontinuous. (a) The outdoor temperature as a function of longitude, latitude, and
    5·1 answer
  • What are 2 tools you can use to identify possible issues in a QuickBooks Online Company?
    12·1 answer
  • What's the best thing for someone to learn when first investing in stocks. Can I still make a profit with not alot of money. Whe
    5·1 answer
  • Kingbird, Inc. has the following information available for accruals for the year ended December 31, 2019. The company adjusts it
    15·1 answer
  • Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. (Amounts to be deducted should be
    6·1 answer
  • What is the best option for your retirement plan when you leave a company?
    13·2 answers
  • Fred is a strategic analyst for a specialty retail store chain that sells sports apparel. He's working with the marketing team a
    14·1 answer
  • 1. The closing entry for the Loss on Plant Assets account includes a debit to (A) Retained Earnings. (B) Income Summary. (C) Los
    15·1 answer
  • When would you need to use the Rule of 72?
    10·2 answers
  • The following is a December 31, 2021, post-closing trial balance for Almway Corporation.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!