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Leya [2.2K]
3 years ago
8

Louie discovered that when he dropped the price of his paintings, more people were interested in buying. Louie is experiencing _

_______. A. mercantilism B. market price variations C. the law of supply D. the law of demand
Business
1 answer:
vampirchik [111]3 years ago
4 0

Answer:

. the law of demand

Explanation:

The law of demand proclaims that the demand for a product or service is indirectly related to its price. Demand is the quantity of a product that buyers are willing to purchase at a specific price over a period. Should the price of the goods or service increase, its demand decline. A reduction in price causes the demand to rise.

Louise is experiencing the law of demand in play. A drop in price is causing the demand to increase. More customers are finding the reduced price as a good value for their money. The group of customers who could not previously afford the painting can now buy them.

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Which of the following is NOT true about the Free Application for Federal Student Aid (FAFSA)?
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Answer:

It provides early admission

Explanation:

I do not know the answer word for word, but I do know that out of the four answer choices (it provides scholarships, grants, early admission, and financial aid), it does not provide early admission, therefore making it your answer.

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You invest $1,000 in a complete portfolio. The complete portfolio is composed of a risky asset with an expected rate of return o
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Answer:

The rate of return on the risky asset is 16% and on treasury bill is 6% and we need a return of (1100-1,000)/1000= 10% or 0.1

If we think of x as the percentage investment in risky asset and 1-x as the investment in non risky asset we can mathematically find what proportion we need to invest in each asset to get this return.

16x+ 6(1-x)=10

16x+6-6x=10

10x=4

x=4/10

x= 0.4

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(0.4*16)+(0.6*6)= Rate of return

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Explanation:

7 0
3 years ago
Morristown Industries has an issue of preferred stock outstanding that pays a $12.60 dividend every year in perpetuity. If the r
lilavasa [31]

Answer:

$80 per share.

Explanation:

Given: Dividend= $12.60

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Formula; Price per share= \frac{Dividend}{Rate\ of\ return}

⇒ Price per share= \frac{12.60}{15.75\%}

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∴ Price per share= $80 per share.

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b. A term loan

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In this case, Timini Inc is using a term loan to finance its operation because the bank mandates Timini Inc to return the borrowed amount with a regular schedule of fixed payments.

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The entries that transfer the balances of all temporary accounts to retained earnings are referred to as.
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Explanation:

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