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Sergeeva-Olga [200]
3 years ago
14

Which best explains how the law of demand affects consumers?

Business
1 answer:
Sergeeva-Olga [200]3 years ago
4 0

The law of demand effects consumer as

It helps consumers tell producers when prices are too high.

Explanation:

The law of demand is a microeconomics concept where it is stated that "conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases".

According to this law thus, it helps costumer to understand which property is high on demand and thus will have high prices and which products having a lower price could be in less demand but it does not really translate to how good the product is.

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Lucid Company declared a property dividend of 37,000 shares of its investment in $1 par Polk Company common stock. The Polk stoc
SCORPION-xisa [38]

Answer:

Multiple choices are as follows:

a) $333,000.

b) $407,000.

c) $74,000.

The correct option is A,$333,000

Explanation:

The stock dividend is to be valued at the market price at the date of declaration.

The declaration date is the date the company made known its intention to reward the stockholders with free stocks instead of a cash dividend,using the market price of stock at declaration date,the stock dividend is valued thus:

Stock dividend=number of stock dividend*market price

number of stock dividend is 37000 shares

market price is $9(market price at declaration date)

stock dividend=37,000*$9=$333,000

5 0
3 years ago
External equity refers to ________. A. how a job’s pay rate in one company compares to the job’s pay rate in other companies B.
Lerok [7]

Answer: how a job’s pay rate in one company compares to the job’s pay rate in other companies

Explanation: External equity refers to the situation when a company's pay rate differs from the market's pay rate to the employees of the organisation. It is also termed as matching strategy.

It is considered as a major factor in employing and retaining sufficient employees in the organisation. Therefore, lesser the external equity the better it is.

From the above explanation we can conclude that the correct option is A.

4 0
3 years ago
Which of the following statements are true about both monopolistic competition and monopolies? Check all that apply. Firms earn
Dennis_Churaev [7]

Answer:

Firms earn zero profit in the long run

7 0
3 years ago
_______is the practice whereby a foreign producer intentionally sells its products in the United States for less than the cost o
Sonja [21]

Predatory Pricing is the practice whereby a foreign producer intentionally sells its products in the United States for less than the cost of production to undermine the competition and take control of the market.

<h3><u>Explanation:</u></h3>

hen there is a situation in the market whereby the products are sold at a cost very low than the cost of other suppliers refers to the predatory pricing. When predatory pricing is practiced then the suppliers with lower price will alone survive in the market making all the other suppliers to forcefully leave the market.

This kind of act is illegal. This is because predatory pricing will eradicate the competition. The main aim of this type of pricing is to eliminate the small business from the market. In the given scenario, a foreign producer is selling its products intentionally at lower price in U.S for the lower cost than the cost of production and takes the market to its control which is an example of Predatory Pricing.

4 0
3 years ago
Peninsula Company reported net income of $290,000 for the year. During the year, accounts receivable increased by $21,000, accou
guajiro [1.7K]

Answer:

$305,000

Explanation:

Given that,

Net income for the year = $290,000

Increase in accounts receivable = $21,000

Decrease in accounts payable = $9,000

Depreciation Expense = $45,000

Net cash provided by operating activities:

= Net Income of current year - Decrease in Accounts Payable + Depreciation Expense - Increase in Accounts Receivable

= $290,000 - $9,000 + $45,000 - $21,000

= $305,000

4 0
3 years ago
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