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Alina [70]
3 years ago
15

According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity of the product d

emanded because buyers:
Business
1 answer:
umka21 [38]3 years ago
3 0
The correct answer is <span>purchase more of the now relatively less expensive good.
When a product is discounted, obviously more people will be willing to buy it then when the price was higher. If more people want to buy a product, then the demand for that product rises, and then the production of those goods is also higher.
</span>
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How many government agencies does the united kingdom have to oversee the financial industry?
Leni [432]
I believe the answer is: one

The name of the government agency is Financial Service authority (FSA).
FSA would act as a <span>a quasi-judicial body that had the power to regulate the whole financial sector in united kingdom. Even though they are a part of government agencies, they do not work directly under any government official.</span>

6 0
3 years ago
Read 2 more answers
An economy has two firms, Russell Farms and the Cider Mill. Russell Farms owns orchards. It sells some of its apples to the publ
noname [10]

Answer:

a. GDP will increase

b. No effect on GDP

c. GDP will increase

d. GDP will increase

e. GDP will rise

Explanation:

Gross domestic product is the total monetary value of all the finished goods produced in the country during a specific period. When a new house is constructed it will create value for the economy and GDP will rise but when an old house is resold again there is no addition in the monetary value so there will be no effect on GDP.

6 0
3 years ago
Use the following account balances from the adjusted trial balance of Flora Wholesalers:
Semenov [28]

Answer:

Flora Wholesalers:

The accounts of Flora Wholesalers that will have the same balance at the beginning of next year as they do presently on the adjusted trial balance are:

Assets:

Cash                             $4,200

Accounts receivable      $300

Liabilities and Equity:

Accounts payable       $1,100

H. Jones, Capital       $4,400

Explanation:

a) Data and Analysis:

Adjusted Trial Balance

Account                Debit Balance    Credit Balance

Cash                             $4,200

Accounts receivable      $300

Accounts payable                                  $1,100

H. Jones, Capital                                  $4,400

H. Jones, Drawing        $900

Fees revenue                                    $13,200

Advertising expense  $8,100

Travel expense         $4,200

Shipping expense       $300

Computer

software expense     $400

Assets:

Cash                             $4,200

Accounts receivable      $300

Liabilities and Equity:

Accounts payable       $1,100

H. Jones, Capital       $4,400

b) The above assets, liabilities, and equity accounts will have the same balances at the beginning of next year as they do presently on the adjusted trial balance.  They are called permanent accounts.  Only the temporary accounts do change their balances from the adjusted trial balances to the opening balances.  The only other account that is not included above is the Retained Earnings.  This account is adjusted with the differences in the temporary accounts.

8 0
3 years ago
Fidelity bonds insure
Ronch [10]

Answer:

D

Explanation:

employees

6 0
2 years ago
Read 2 more answers
A​ ________ organization is sometimes characterized as a​ hub-and-spoke system because the brand or product manager is figurativ
qaws [65]

Answer:

A product-management organization is sometimes characterized as a hub-and-spoke system because the brand or product manager is figuratively at the center, with spokes leading to various departments representing working relationships.

Explanation: This statement is made because a product manager is one who is in constant research on the different components that interfere in the development of a product and its behavior in the market, so there is communication with the different departments of a company and it is said which is the center of the business.

Example: In a chocolate factory a product manager would be responsible for ensuring that the chocolate meets the requirements of the target market, for this he must constantly contact the purchasing department to include the best ingredients and offer the best packaging, as well. such as transport, so that they do not melt on the road to establishing sales.

3 0
3 years ago
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