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
hoa [83]
3 years ago
5

A theory asserts that consumers will purchase less of a good at higher prices than they will at lower prices.

Business
1 answer:
FrozenT [24]3 years ago
4 0

Answer:

b. It is likely that variables other than the price and quantity of cars demanded were

changing.

Explanation:

The law of demand states that the higher the price of a good, the lower the quantity demanded and the lower the price of a good, the higher the quantity demanded.

If price of cars was increasing and the quantity demanded also was increasing, it indicates other variables were changing. For example, if income was increasing at the time, the demand for cars would increase if cars are normal goods.

I hope my answer helps you

You might be interested in
Suppose you manage a convenience mart and are in charge of ordering products but do not set the price. The home office provides
ollegr [7]

Answer:

The answer is: C) 10% more peanut butter on the shelves

Explanation:

To determine what you need to do with your peanut butter stock, you must first determine if the quantity demanded for peanut butter will increase or decrease and at what percentage. To do this we can use the following formula:

change in peanut butter sales = income elasticity of demand x average change in income

change in peanut butter sales = -5% x -20% = 10% increase

Since you expect a 10% increase in the quantity demanded for peanut butter, you should have 10% more peanut butter in stock

7 0
3 years ago
All of the following are examples of a SMART goal EXCEPT:
Alexandra [31]
D ndkkdkdhshdjsksjsjdjs
4 0
3 years ago
cgehhE10-12 The following are selected 2014 transactions of Pedigo Corporation. Jan. 1 Purchased a small company and recorded go
Elden [556K]
My guy what is this.
7 0
3 years ago
Which situation best describes the role of businesse in the circular flow of goods
Lyrx [107]
I think is 475848 because I just timed by 48 so I got 475848
3 0
3 years ago
Fiscal policy refers to the idea that aggregate demand is affected by changes in Group of answer choices the money supply govern
Alik [6]

Answer:

All answers are correct except Money Supply

Explanation:

Fiscal policy affects aggregate demand through government spending and taxes. Government may increase taxes to increase revenue or discourage the consumption of a product. On the flipside, they may reduce taxes to stimulate spending, redistribute income, increase aggregate demand among other objectives.

Money supply is a monetary policy and it is used by the central bank to achieve certain objectives (reduce inflation, stimulate growth, increase demand, etc.)

Government spending is a fiscal policy that government uses to achieve a set of objectives (i.e. to supply goods and services that are not provided by the market or private sector – construct bridges, provide health facilities, social programmes for the poor among others).

Taxes – Tax is a fiscal policy tool used by the government to generate revenue, encourage or discourage the consumption of certain products or affect aggregate demand through income redistribution.  

Trade policy could be in the form taxes (i.e. tariffs, import duties, custom duties among others). Trade policy is a fiscal policy as government can use it to control aggregate demand by placing embargo on the importation of certain products to reduce the demand of such products in the local economy.

5 0
3 years ago
Other questions:
  • ____________________ includes currency and coins along with the amounts on deposit in bank accounts, checking accounts and many
    7·1 answer
  • Select the examples that best represent Architecture and Construction customers. Check all that apply. a supermarket company tha
    7·2 answers
  • The fungal division needs 10,000 plates of potato dextrose agar annually. Currently, the fungal division purchases them from Ari
    7·1 answer
  • You own an art supply store and the total sales in your trading area equal $17,500. your store accounts for $6,000 of the total.
    14·1 answer
  • Assuming that the quantities of inventory on hand during the current year were sufficient to meet all demands for sales, a decre
    7·1 answer
  • Which of the following statements concerning income tax rate structures is false?
    8·1 answer
  • Suppose Alyssa comes into a large sum of money and decides to lend it out to earn interest on it. Because she lacks the expertis
    13·1 answer
  • When service producers bypass intermediaries and market directly to final buyers, or when new channel intermediaries replace tra
    12·1 answer
  • A primary function of the promotional mix is to Multiple Choice explain how to use a product. persuade consumers to try a produc
    14·1 answer
  • Assess the executive summary of the business plan. This is the part where the company's mission statement and the purpose of the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!