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kow [346]
3 years ago
10

When an economist says that the demand for a product has increased, this means that: consumers are now willing to purchase more

of this product at each possible price. the product has become particularly scarce for some reason. product price has fallen and as a consequence consumers are buying a larger quantity of the product. the demand curve has shifted to the left.
Business
1 answer:
Damm [24]3 years ago
5 0

Answer:

consumers are now willing to purchase more of this product at each possible price.

Explanation:

When the demand for a good or service increases, it means that consumers are buying more. In this case, according to the law of supply and demand, increasing demand will decrease inventories of good and will make it scarcer, increasing the price.

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Imagine that a designer writes content for their online portfolio. To come across as knowledgeable about UX design, they include
denis23 [38]

To improve their written content, the designer can do the following:

  1. Understand the audience he targets.
  2. Incorporate storytelling to capture the interests of his audience.
  3. Make the presentation simple.
  4. Incorporation of text in the User Interface.
  5. Make a good copy to sell your skill.

<h3>Who is a designer?</h3>

A designer is an individual that uses computer-aided software and devices to plan and draw the soft/hard copies of a material.

A User Interface designer designs the screens that users go through while surfing a website.

To improve their written content and improve their portfolio, they can use the numbered steps above.

Learn more about UI Designers here:

brainly.com/question/898119

5 0
2 years ago
A point outside the production possibilities curve represents a combination of goods that is
pochemuha

Answer:

A production combination outside of the PPF is unattainable by the economy with the given resources and technology.

This represents the Concept of scarcity in economics.

If the economy wishes to achieve the production point outside the frontier, they will have to enhance the production possibility capacity by introducing new technology or finding new resources.

Explanation:

4 0
3 years ago
A company reports the following information for June: Sales revenue $ 104,000 Income tax expense $ 11,000 Operating expenses 22,
Elodia [21]

Answer:

Gross profit    $39,000

Explanation:

X company

Income statement ( parochial)

For the year ended, June 30 20YY

Sales revenue                                                       $104,000

Less: cost of goods sold                                       $65,000

Gross profit                                                            $39,000

In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.

5 0
3 years ago
Assume that demand for bottled water is relatively price elastic. An increase in supply of bottled water will result in which of
DENIUS [597]

Answer:

3 then 1

Explanation:

Supply is said to be increased when the quantity supplied expands but the price and quantity demanded remains unchanged. As quantity supplied has increased whereas the quantity demanded is what it was before this change, there is first a surplus of bottled water in the market. This surplus will have a downward pressure on price, reducing the quantity supplied a bit and, as the law of demand suggests ,the quantity demanded will increase. Given that the demand is relatively price elastic, the change in quantity demanded will be greater than the change in price. Therefore the revenue will increase.

3 0
3 years ago
On July 8, Jones Inc. issued an $75,700, 8%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends o
Marizza181 [45]

Answer:=Jones recognizes $386.9  as interest

Explanation:

Fiscal year ending July 31st

there are 23 days between when the cash as issued ie July 8 and the end of the fiscal year on July 31st

Given amount or Principal amount = $75,700

Rate= 8%

Interest = Principal x Rate x Time

  $75,700 x 8% x 23/360=$75,700 x 0.08 x 23/360

=$386.9

Jones recognizes $386.9  as interest in the current fiscal year.

3 0
3 years ago
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