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professor190 [17]
3 years ago
14

When an economist says that the demand for a product has increased, this means that: consumers are now willing to purchase more

of this product at each possible price. the product has become particularly scarce for some reason. product price has fallen and, as a consequence, consumers are buying a larger quantity of the product. the demand curve has shifted to the left?
Business
1 answer:
Yuliya22 [10]3 years ago
8 0
It means that consumers are now willing to purchase more of this product at each possible price. 
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When ________, business firms will collectively supply a lower quantity of output at any given price, and the supply curve will
Ganezh [65]

When <u>cost of production increase </u>  business firms will supply lower quantity of output

<h3>Effect of production cost on prices </h3>

When the cost of production increases, producers will tend to produce a lesser quantity of goods and services and this is cause an increase in demand over supply in the open market.,

An increase in demand without a corresponding increase in supply will cause the supply curve to shift to the left.

Hence we can conclude that When <u>cost of production increase </u>  business firms will supply lower quantity of output

Learn more about shift in supply curve : brainly.com/question/23364227

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7 0
1 year ago
You own a sandwich shop in a neighborhood that has many other competing sandwich shops. This means your demand is probably _____
OLga [1]
You own a sandwich shop in a neighborhood that has many other competing sandwich shops. This means your demand is probably <span>Inelastic

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
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7 0
3 years ago
Read 2 more answers
Free Spirit Industries Inc.’s current ratio is 1.3333, and tis quick ratio is 0.7467; Jong Foodstuffs Inc.’s current ratio is 1.
ivolga24 [154]

Answer:

1. Jong Foodstuffs Inc. has a better ability to meet its short-term liabilities that Free Spirit. - TRUE

2. A current ratio of 1 indicates that the book value of the company’s current assets is equal to the book value of its current liabilities. - TRUE

3. If a company has a quick ratio of less than 1 but a current ratio of more than 1 and if the difference between the two ratios is large, then the company depends heavily on the sale of its inventory to meet its short-term obligations. - TRUE

4. Compared to Free Spirit, Jong Foodstuffs has less liquidity and a lower reliance on outside cash flow to finance its short-term obligations. FALSE

5. An increase in the current ratio over time always means that the company’s liquidity position is improving. FALSE

Explanation:

Current Ratio = Current Asset / Current Liabilities

Quick Ratio = (Current Assets – Inventories) / Current Liabilities

The Current Ratio is a liquidity measure that shows the ratio between current asset and current liabilities. It tells how many dollars of the current asset are per dollar of current debts, that gives an idea of the company`s ability to perform its debts.    

The Quick Ratio is also a liquidity indicator, but using its most liquid assets, to pay its current liabilities at maturity. The inventory, although it is a current asset, is not considered, since it cannot be converted into cash in a very short term.

The difference between the Quick Ratio and the Current Ratio, implies that while both are measures of the company's ability to pay its debts, the quick ratio also tells how much the company depends on its inventory to get that objective.

As both ratios are bigger in Jong Foodstuffs Inc.’s case, statement 1 is True and statement 4 is False. Because how ratios are calculated, and the meaning of its terms, statement 2 and 3 are True. And because an increased in current ratio, may implicate a rise in inventory, and therefore a decreased in quick ratio, statement 4 is False.  

5 0
3 years ago
Based on the spreadsheet below, what is the net cash flow? A 2-column spreadsheet showing Cash Inflows and Cash Outflows. Total
Vadim26 [7]

The net cash flow is <u>A. $290.</u>

<h3>What is net cash flow?</h3>

The net cash flow is the difference between the cash inflows and the cash outflows.  It can be positive or negative.  When the cash inflows are greater than the cash outflows, the net cash flow is positive.  The opposite is the case when the cash outflows exceed the cash inflows.

<h3>Data and Calculations:</h3>
  • Total Cash Inflows = $2,040
  • Total Cash outflows = $1,750
  • Net cash flows = $290 ($2,040 - $1,750)

Thus, the net cash flow based on the spreadsheet is <u>A. $290.</u>

Learn more about the net cash flow here: brainly.com/question/4326360

6 0
2 years ago
Indicate which barrier to entry appropriately explains why a monopoly exists in each scenario?
SpyIntel [72]
It should be b I hope that help
4 0
2 years ago
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