Answer:
D. a change in consumer income
Explanation:
There are two main reason for shift in demand curve left or right in addition to price:
- Change in consumer income.
- Change in preference.
Consumer income or earning affect the demand curve as according income of consumer, thier preference and priority changes. Example: Daily wages labor may have very less demand for Domino´s Pizza or starbucks coffee, however, manager of any MNC may have higher demand for Domino´s Pizza or starbuck coffee.
Answer:
<em>D. To allow consumers and producers to make their
</em>
<em>own decisions</em>
Explanation:
A <em>free-market system</em> is the market form determined by free market forces of demand and supply.
No government intervention takes place in this form of market as in a centrally planned economic system. This non- intervention of the government prevents <em>economic distortions</em> in the system, which is good for the market.
In a <em>free market system</em> the forces of demand and supply, decide the price of the goods and thereby the output adjustments. The consumers are free to decide the demand and producers are free to decide the product the supply of goods.
Hence, it can be said that <em>the purpose of a free-market system is to allow consumers and producers to make their own decisions.</em>
Answer:
Entry for the repayment involve a Debit of Note Payable of $1,060 and a Credit of Cash of $1,060.
Explanation:
By January 30 , 2 months interest would have expired and the journal entries are as follows :
December 31
Interest expense $30 (debit)
Note Payable $30 (credit)
January 30
Interest expense $30 (debit)
Note Payable $30 (credit)
Thus the <em>repayment will be at the carrying cost </em>of the note payable as follows :
Note Payable $1,060 (debit)
Cash $1,060 (credit)
Conclusion :
Entry for the repayment involve a Debit of Note Payable of $1,060 and a credit of Cash of $1,060.
Answer:
Alma would have $ 4,269.61 for her trip in four years' time
Explanation:
The amount she would have for her trip in four years' time can be computed using the future value formula which is given as:
FV=PV*(1+r/t)^N*t
PV is the amount she has today which is $3,500
r is the rate of return the credit union offered her,that 5%
t is the number of times in a year the interest is compounded which is 4
N is the number of years the investment would last which is 4 years
FV=$3,500*(1+5%/4)^4*4
FV=$3,500*(1+1.25%)^16
FV=$3,500*(1.0125)^16
FV=$3,500*1.219889548
FV=$4,269.61
Alma would have $ 4,269.61 for her trip in four years if the $3,500 is invested at 5% compounded quarterly
To explain the high mortality zone in tropical Africa, we would have to consider the fact that <span>disease might be a measure of population control for primates, including human beings. Whenever a population gets sick and there is no way to get better, a lot of its members might die off, which is ultimately the survival of the fittest. Those who do not succumb to the disease will stay alive whereas the others may not.</span>
