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bogdanovich [222]
3 years ago
14

Suppose there is a decrease in the price of butter. What do we expect to happen to the demand for bread? Assume that bread and b

utter are often consumed together. Select the correct answer below:
a. There will be a decrease in demand for bread.
b. There will be an increase in demand for bread.
c. There will be no change in the demand for bread and no movement along the demand curve.
d. There will be no change in the demand for bread, but there will be a movement up along the demand curve for bread.
Business
1 answer:
dimulka [17.4K]3 years ago
3 0

Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.

<h3>Option (B) is correct</h3>

<u>Explanation:</u>

Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other

If the Price of butter decreases,  it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.

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Answer:

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ECG Company recorded two sales on March 1 of $20,000 and $30,000 under credit terms of 3/10, n/30 (3% discount if paid within 10
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Answer:

In net method the discount not given is recorded as revenue and in gross method the discount allowed is recorded as expense.

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1 March        Accounts Receivable       19400

                     Accounts Receivable     29,100

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8 Mar             Cash                         19400

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                      Accounts Receivable                          30,000 Cr

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This would reduce the inventory for Harlan Enterprises which may affect other financial ratios such as inventory turn-over ratio. As a result, such ratios will not reflect the exact position of the company.
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