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
Ann [662]
3 years ago
6

Which of the following demonstrates the law of demand? a. After Jon got a raise at work, he bought more pretzels at $1.50 per pr

etzel than he did before his raise. b. Melissa buys fewer muffins at $0.75 per muffin than at $1 per muffin, other things equal. c. Dave buys more donuts at $0.25 per donut than at $0.50 per donut, other things equal. d. Kendra buys fewer Snickers at $0.60 per Snickers after the price of Milky Ways falls to $0.50 per Milky Way
Business
1 answer:
Anna11 [10]3 years ago
7 0

Answer:

C.

Explanation:

The law of demand states that when the price of a good or service increases, the quantity demanded decreases and when the price decreases the quantity demanded increases (other things constant).

Is not option A because it says changes in income and not changes in prices. Is not option B because it says the opposite that the law of demand states: when the muffins price is low, Melissa buys fewer than when the price is high. Is not option D because the law of demand is not directly related with substitute goods. It is option C because when the price is low ($0.25) Dave buys more donuts than when the price is high ($0.50)

You might be interested in
Words that are designed to get an immediate reaction or incite harm are which of the following
atroni [7]

Answer: Fighting words

<span>Fighting words are words designed to get an immediate reaction or incite harm.  
Libel</span><span> and slander are both cases of abuse of someone's name or reputation, the difference is libel is written while slander is verbal. </span><span>Clear and present danger is a  t</span><span>est devised by Supreme Court to evaluate these abuses.  </span>

3 0
3 years ago
what is the role of advertising in increasing and decreasing economic well being, by giving examples from pakistani market, expl
zalisa [80]

Answer: Advertising plays a key role in the economy (either increasing or decreasing) by providing relevant information to consumers citing what they stand to benefit when they use the product or service, also the price it's sold for.

Explanation:

Advertising could be described as displaying your product before the public for awareness, which could later lead to sales. Advertising plays a key role in the economy (either increasing or decreasing) by providing relevant information to consumers citing what they stand to benefit when they use the product or service, also the price it's sold for.

Having a brand name plays a vital role to organization; the following are some;

- A brand name gives your business a face, it's all your customers need to know about you in a moment.

- A brand name is a marketing tool your customers can use to tell others about your product.

5 0
3 years ago
The motivating force behind an increase in supply in a long-run adjustment to equilibrium is
sasho [114]
Economic profits that are present in the short run.
7 0
4 years ago
What are the opportunities of an entrepreneur
slavikrds [6]
Definition: the skill and risk taking ability of the person who brings the other resources or factors of production together to produce a good or service e.g. the owner of a business. These people are called entrepreneurs

Opportunities of an entrepreneur:
• involves the sale or lease of any product, service, equipment that will enable the purchaser-licensee to begin a business.
• invest in (multiple) businesses
•quality content
• foreign markets
•crowdfunding
8 0
3 years ago
The model of competitive markets relies on these three core assumptions:
Vesnalui [34]

Answer:

The three scenarios describe a competitive market.

Explanation:

1) In the competitive market buyers and sellers are price takers, this means that there are many producers and consumers and none of them are able to intervene in price and market. Price is given, ie price is determined by interaction in the market. 2) The products are identical. That is, no company will make a profit due to differentiated products. In perfect competition, companies produce identical products, and the consumer is indifferent to the product characteristics of each company. 3) There is free entry and exit of companies and factors of production, ie there is no cost to enter and exit any sector. This means that factors can migrate from one sector to another without incurring costs, meaning there are no barriers to entry and exit from any sector.

Thus, from items 1 and 2, consumers and buyers are price takers, that is, they cannot influence the price determined by the market. Item 3 is about achieving zero profit or normal long-term profit. This is because the free entry and exit of companies avoids extraordinary profits by encouraging companies to migrate to sectors that earn higher profits in the short term. Thus, in perfect competition, compa

7 0
3 years ago
Other questions:
  • A new non-profit organization that rehabilitates wild animals begins speaking with regional wildlife management offices to find
    6·1 answer
  • Frito-lay, which is widely known for producing chips and other snack products, tried to introduce frito-lay lemonade. the reason
    10·1 answer
  • The laser printer in your accounting department is printing faded prints that are getting lighter over time. What is the most li
    6·1 answer
  • Paladin Furnishings generated $2 million in sales during 2016, and its year-end total assets were $1.7 million. Also, at year-en
    15·1 answer
  • Determine if the situation below is a safe practice: Marcus hasn't worked with his set of power tools in several months. He know
    5·2 answers
  • An example of capital is?
    15·1 answer
  • One school of management thought states that organizational decisions and actions are influenced mainly by what attracts managem
    13·1 answer
  • 1. At December 1, 2022, Swifty Corporation Accounts Receivable balance was $12770. During December, Swifty had credit sales of $
    14·1 answer
  • Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand
    9·1 answer
  • Thad, a single taxpayer, has taxable income before the QBI deduction of $176,000. Thad, a CPA, operates an accounting practice a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!