Answer: The law of demand States that as price falls, quantity demanded increases and vice versa. (A).
Explanation:
In Economics, the law of demand states that all other things being equal; as the price of a good or commodity or service increases (↑), the quantity of the good/service demanded declines (↓); also, as the price of a good/service declines (↓), the quantity demanded increases (↑).
In other words, the law of demand shows an inverse relationship between the price and quantity demanded of a good/service.
Consequently, other things being constant, the quantity demanded of a good/service is inversely proportional to the price of the good/service.
For example if the price of a luxurious car falls it would motivate the buyers to rush to get a car. This law of demand is also used by marketers to attract buyers by the use of discount on goods.
Answer:
Wilbur cannot rescind the contract based on his unilateral mistake.
Explanation:
Lets suppose that I made an offer of $1000 which you accepted to buy my car on a phone call for $1000 and later in the same day a person offered me more money for the same car and I sold the car to him. You went to court and I said that I mistakenly made an offer of $1000 which means that every person who revoke the clauses will make lame excuses in the court. If this act is permitted then the law gives the people free hand whatever they desire to do with the contract. So for this reason this act was considered unethical and the court said that the mistakes that are unilateral are not be rescind.
Answer:
c. fall from 20 to 10.
Explanation:
The formula for the money multiplier is 1/reserve ratio,this means that the lower the reserve ratio the higher the multiplier, the reason for this is when the reserve ratio is lower banks can loan out a higher proportion of money therefore more money is created thus the multiplier and reserve ratio have an inverse relationship.
when the reserve ratio is 5% the multiplier is 1/0.05=20
When the reserve ratio is changed to 10% the multiplier is 1/0.1= 10
So the multiplier changes from 20 to 10.
Answer:
Throughout the clarification segment down, the definition including its concern is explained.
Explanation:
The query presented seems to be incomplete. Please notice the full issue attachment below.
- The classical model relies on either the calculation as well as assumption of "finite sample," suggesting that perhaps the amount of measurements "n" is defined.
Present work does not affect salary seems to be:
⇒ H₀ : B₃ = 0
- One side of the alterbate theory would be that ceteris paribus, duration at current employment seems to harm incomes.
It is possible to state everything as:
⇒ H₁ : B₃<0
Answer:
b) Debt Investments: 520,000 | Interest Revenue: 12,500 | Cash: 532,500
Explanation:
The journal entry to record the purchase of the bond is shown below:
Debt investment Dr $500,000 × 1.04) $520,000
Interest revenue Dr ($500,000 × 10% × 3 ÷ 12) $12,500
To Cash $532,500
(being the purchase of the bond is recorded)
Here the debt investment and interest revenue is debited as it increase the assets and decreased the revenue while on the other hand the cash is credited as it decreased the assets
Hence, the correct option is b.
