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Vitek1552 [10]
2 years ago
12

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

. The supply will decrease. C. The demand will increase. D. The competition will decrease. Please select the best answer from the choices provided A B C D
Business
1 answer:
Vinil7 [7]2 years ago
5 0
The basic principle is that if the price of a product goes up, all other factors being equal its demand will go down and vice versa (law of demand). Since in this case the price goes up, the demand will go down. The law of supply states that hen prices rise, supply rises too (in order to make profit). There is no general model predicting whether the market will be more competitive or not. Thus, the best answer from the above is A.
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A group of products within a product class that are closely related because they perform a similar function, are sold to the sam
solniwko [45]

Answer:

Explanation:

Product Line

A product line represents related products under a single brand name produced, grouped and sold by the same company. Organisations use product lines to keep and expand their consumer base by adding products that will appeal to their customers in the same line of products which they are familiar with.

A consumer will always be motivated to buy a complete kit of products in a product line to take care of similar issues such as skin care, face care among others rather than buying different products from different brands to make up a complete kit.

Most product lines are marketed in groups and are placed together to appeal to customers. Specifically, organisations know that consumers will be willing to test new products that are part of the same product line they have known and are used to.

3 0
3 years ago
I have an iPhone 11 pro, and I blocked a user about a week ago but they are still able to call me. I double and triple checked t
coldgirl [10]

Answer:

You should call the place your phone is connected at like metro pcs,at&t,cricket,sprint and report the number

Explanation:They will know what to do

7 0
2 years ago
Read 2 more answers
Suppose that the BMW plant in Spartanburg, South Carolina, USA, produces $10 million worth of vehicles in a given year. Of this
ELEN [110]

Answer:

The answer is B. contributes to U.S. GDP, but not U.S. GNP

Explanation:

Gross Domestic Product (GDP) is the market value of all final goods and services produced within the economy of a country within a period of time.

Gross National Product(GNP) is the market value of all final goods and services produced by a citizen of a country irrespective of whether they are in the country or outside the country within a period of time.

The BMW plant in Spartanburg which produces $10million worth of vehicles is in USA but the company in owned by Germans. Since it is produced within the economy of USA, it will count for USA's GDP but it won't count for USA's GNP because it is not owned by USA citizen rather, it will count for Germany's GNP because it is owned by Germans.

3 0
2 years ago
State whether the following actions will increase or decrease GDP: a. An individual sells her house on her own. b. An individual
statuscvo [17]

Answer:

a. An individual sells her house on her own.  

         GDP is not affected.

b. An individual sells his house through a broker.

         GDP is not affected.  

c. Government increases Social Security payments.  

          GDP is not affected.

d. Stock prices rise by 20 percent.

   GDP will increase.

Explanation:

Selling a house by an individual does not affect the Gross Domestic Product of a Country.  

Selling a house by a broker will also not affect the Gross Domestic Product of a Country.

When a Government increases the social security payments, this result in transfer of money from government to social security account but it does not generate any goods are services in the country.

When the stock prices increases in the country, there is more likely that the individuals will invest in the stocks. So investments will increase and thus GDP will rise.  

5 0
2 years ago
One of the basic premises in finance is that when the risk of an investment is high, the rate of return required by the investor
Aleks04 [339]

Answer:

A. High

Explanation:

When an investment is considered risky, investors would demand a high rate of return as compensation for holding a risky investment.

The required rate of return is usually higher than the short term t bills rate.

I hope my answer helps you.

5 0
2 years ago
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