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erma4kov [3.2K]
3 years ago
9

Why does the explanation for the inverse relationship between the price level and quantity demanded depicted by the aggregate de

mand curve differ from the relationship between price and quantity demanded depicted by a demand curve for a specific good?
Business
1 answer:
kherson [118]3 years ago
6 0

Answer:

Demand curve for individual goods is drawn on assumption that price changes for one good and others remain constant. But for Aggregate demand considers change in price level of multiple goods and services.

Explanation:

When considering demand curve of individual goods there is inverse relationship between price and quantity demanded of a good. The price change is pertaining to one good and the assumption is that all other good's prices remains constant and also that income level remains constant. As the price of a good Y rises quantity demanded for that good falls.

On the other hand considering aggregate demand, it looks at changes in price level. This cuts across various goods and also change in income level. So there is no assumption of price of some products being constant in aggregate demand curve. It however assumes supply of money by the government is constant.

The inverse relationship of price to quantity demanded (downward sloping curve) is affected by wealth effect, interest rate effect, and net exports effect.

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Answer:

option d) debit to Bad Debt Expense for $7,200

Explanation:

Data provided :

Total estimated uncollectible receivables of the company = $ 7,900

credit balance for the allowance for doubtful accounts  =  $ 700

Therefore,

the net bad debt expenses of the company = $ 7,900 - $ 700 = $ 7,200

Hence,

the<u> correct answer is </u><u>option d) debit to Bad Debt Expense for $7,200</u>

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4 years ago
You have been asked to analyze the queue for registrations for a popular MSOM seminar at a major national conference. Conference
erica [24]

Answer:

Explanation:

Average arrival rate, λ = 5 people in 15 minutes = 20 people in 60 minutes = 20 per hour

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The minimum number of servers required for a stable queuing system = λ / μ = 20 / (60/7) = 7/3 = 2.333

So, the minimum number of hosts that could be hired = 3 hosts

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4 years ago
A partnership agreement provides that, at sale, cash proceeds are distributed first to Ms. Jones in an amount equal to her origi
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Answer:

$800,000

Explanation:

The total amount received by Ms. Jones (A) is given by the following expression:

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3 years ago
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dalvyx [7]

Answer:

producers of the bags of popcorn because they will sell more to the movie theater

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3 years ago
19.
geniusboy [140]

Consumer self-defense strategies include seeking resolution.

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Consumers are the final users of a product or a service. When the products or services does not satisfy a consumer he or she is eligible to file a complaint against that. But, doing this can be a costly one and also consumes lot of time. So, the decision of going to court is done only when there is a serious issue. The consumer can file a lawsuit and go to court.

A consumer must be able to take actions legally when it is in need. It is the last weapon when all the other things fails. The consumers self defensing ideas and strategies includes seeking resolution. It will be very useful to mark your interest about a particular solution that your are interested in.

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3 years ago
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