1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena55 [62]
3 years ago
8

Consider the demand for socks. What would cause a movement from one point on the demand curve to a point further down the curve?

An increase in the price of socks. Increased demand for a kind of shoe typically worn without socks. Decreased demand for a kind of shoe typically worn without socks. A big sale on socks.
Business
1 answer:
SOVA2 [1]3 years ago
3 0

Answer:

A big sale on socks.

Explanation:

The demand curve is a graphical illustration of the relationship between quantity demanded and price.  It is downward sloping, showing how quantity demanded changes at different price levels. The Y-axis shows price while X-axis indicates the quantity.  Downward movement along a demand curve indicates an increase in the quantity demanded.

An increase in demand for socks can be caused by a reduction in price or an increase in demand for shoes that typically require to be worn with socks. A big sale on socks would also cause an increase in demand. A big sale would involve cash discounts and other deliberate actions that entice customers to buys socks. If many customers are convinced to buy, demand rises, resulting in a downward movement along the demand curve.

You might be interested in
Why does Joe's demand curve have a negative slope? Joe only has so much money; when other things get more expensive he must buy
AleksAgata [21]

Answer:

The answer is: He needs the price of coffee to go down to convince him to buy more.

Explanation:

A demand curve (almost) always has a negative slope. As a product gets more expensive, the amount of people willing to buy that product decreases. So if the product gets cheaper, the more people are willing to purchase it.

The opposite happens with the supply curve, as the price of a product increases, the more companies are willing to sell that product.  

7 0
4 years ago
Mischa wants to buy a home. She has looked at the housing market. Now she needs to find a__________ to become_______ for a mortg
Amiraneli [1.4K]

its lender then prequalified just took the test

3 0
3 years ago
Read 2 more answers
TRUE or FALSE??? HELP!!
Fantom [35]
True , True , True , True , True
5 0
3 years ago
Read 2 more answers
Cameron has a cup of coffee every morning, smokes about 10 cigarettes a day, and has a beer with his dinner every night. this is
oksian1 [2.3K]
This is an example of substance use
4 0
3 years ago
Read 2 more answers
If mistakes or fraudulent reporting behavior are discovered, auditors require the company to correct all significant information
stepladder [879]

Answer:

The correct answer is True.

Explanation:

In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.

Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.

6 0
4 years ago
Other questions:
  • Erin has been asked to maintain a​ "live" website.​ therefore, she needs to​ __________.
    14·1 answer
  • Calculate the price of a 5.2 % coupon bond with 18 years left to maturity and a market interest rate of 4.6 %.(Assume interest p
    5·1 answer
  • A store has 5 years remaining on its lease in a mall. Rent is $2,000 per month, 60 payments remain, and the next payment is due
    10·1 answer
  • Find the after-tax return to a corporation that buys a share of preferred stock at $40, sells it at year-end at $40, and receive
    8·1 answer
  • Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a par
    6·1 answer
  • Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The co
    13·1 answer
  • After getting her degree in marketing and working for 5 years for a large department store, Sally started her own specialty shop
    6·1 answer
  • In your own words define the term accounting and its usage.
    12·1 answer
  • Headland Corp. had $100,000 of 7%, $20 par value preferred stock and 12,000 shares of $25 par value common stock outstanding thr
    11·1 answer
  • In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in this neighborhood is
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!