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3 years ago

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

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The beginning and ending balances of retained earnings for the year were $30,000 and $35,000 respectively. If dividend payments

Keith_Richards [23]

Answer and Explanation:

The computation of the net income or loss for the year is shown below:

As we know that

Ending retained earnings balance = beginning retained earning balance + net income or net loss - dividend paid

$35,000 = $30,000 + net income or net loss - $13,000

$35,000 = $17,000 + net income or net loss

So, the net income or net loss is $18,000

This is an answer but the same is not provided in the given options

7 0

3 years ago

If Penny bought a stock for $80 dollars and could sell it 15 years later for 4 times what she originally paid, what is Penny’s r

Anna11 [10]

Answer:

10%

Explanation:

Data provided in the question

Purchase value of the stock = $80

Number of years = 15

Times = 4

So, the return on owning this stock is

= Number of times^(1 ÷ number of years) - 1

= 4^(1÷15) - 1

= 4^0.0666666667 - 1

= 1.0968249797 - 1

= 0.0968249797

= 10% round off

All other things that are mentioned in the question is not relevant. Hence, ignored it

5 0

3 years ago

A U.S. automobile company sells many of its cars in countries that have lower taxes on corporate profits than the U.S. Why might

stira [4]

Answer:

It will be more profitable to vertically integrate because the company will be able to further reduce its costs.

Explanation:

Profit = Sales - Cost

The lower the cost, the higher the profit (if sales remains the same).

A Vertical integration strategy requires a company to <u>own or control its suppliers (backward integration) or its distributors or retailers (forward integration)</u>, and therefore, gain more control over its value chain.

<em>If the U.S. automobile company chooses to vertically integrate into the car retailing business in countries where it sells most of its cars, then it would cut out certain costs, such as the cost of contracting with independent car dealers, which would further improve profitability.</em>

Also, such forward integration into retailing means the company will develop processes along its value chain that will increase the efficiency of its operations.

4 0

4 years ago

What is the current price for a bond worth $4,000 that has a price quote of 50?

barxatty [35]

Answer:

$ 2,500 as far as i know.

Explanation:

7 0

4 years ago

A price weighted index is composed of 3 stocks. Stocks A, B, and C are trading for $100, $56 and $32 respectively. The number of

gogolik [260]

Answer:

The total value will not change.

Explanation:

Stock split occurs when a stock is divided into parts. The value of each stock will decline but there will be more stocks and overall value will remains same. If stock A goes through a stock split then the new price per stock will decline but the overall value to the investor will remain same.

7 0

4 years ago