All categories

3 years ago

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

2 answers:

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

You might be interested in

Help!!!!!

uysha [10]

1. revenue 2. income 3. graph 4. equity 5. balance sheet 6. income taxes

5 0

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:

In finance there is a rule for calculating this called 'The Rule of 70'.

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

= 9.19842312746

= 9.20 years.

It will take 9.20 years to double.

7 0

3 years ago

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

postnew [5]

Answer:

1. Deductive

2. Inductive

3. Deductive

Explanation:

Deductive research is a form of reasoning that stems from existing theories that can be tested. Data is collected to test a theory and the results are analyzed. The first and third scenarios are deductive research works because there are existing theories or data that can be worked on. In the first instance, data on issues of turnover already exist. In the third scenario, there were theories to explain gender differences.

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.

5 0

2 years ago

The evolutionary development of the species H. sapiens a. is determined solely by environmental factors b. is a Mendelian trait

IRISSAK [1]

Answer:

The correct answer is letter "C": is the result of both genetic and environmental factors.

Explanation:

There have been several studies about human evolution as a species. It is inevitable to relate this topic to the prominent findings of Charles Darwin (1809-1882) in his book "On the Origin of Species by Means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life" or simply known as the Origin of species. Mainly, Darwin sustained that, in general, species' evolution happens thanks to environmental adaptations that are transmitted from one generation of a species to another in their genetics.

7 0

3 years ago

Customer loyalty to a business is

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.

4 0

3 years ago

Read 2 more answers