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Ostrovityanka [42]
3 years ago
12

If all other factors are equal, what will happen to the supply of a product if the price goes up?

Business
2 answers:
aliina [53]3 years ago
4 0
B. The supply will decrease.

If all other factors are equal, supply will decrease as the prices go up.  Why would this be the case?  As prices go up, demand for the product will go down, because some purchasers will not be able to afford the product.  As demand goes down, then also suppliers will reduce their production of that product.

In economics, the law of demand asserts that the higher the price of something, the less people will demand that thing.  The law of supply asserts that producers will supply more a product when it is selling at a higher price and are less motivated to produce quantities of the product when it is selling at low prices.  


ch4aika [34]3 years ago
4 0
The demand will increase
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2 years ago
Upon graduating from college, you make an annual salary of $58,381. You set a goal to double it in the future. If your salary in
Fynjy0 [20]

Answer: 9.20

Explanation:

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With The Rule of 70, you are able to calculate the amount of time it will take an investment to double if you divide 70 by the growth rate of the investment.

In this scenario, the investment is your salary and the growth rate is 7.61% pee year.

The amount of time it will take to double is therefore,

= 70 / 7.61

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3 years ago
Determine if the research is deductive or inductive: - If because of analysis of data collected, one infers that the problem of
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Answer:

1. Deductive

2. Inductive

3. Deductive

Explanation:

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Inductive research proposes a theory after observation. This is applicable in the second instance where the manager proposes the theory that relates distance to absenteeism after close observation.

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2 years ago
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IRISSAK [1]

Answer:

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Explanation:

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3 years ago
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kari74 [83]
Good for the company cause the more loyal a customer is the more they will want to spread your sells advertisemants and recommend you to other company.
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3 years ago
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