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
xxTIMURxx [149]
3 years ago
13

Which best explains how the law of demand affects consumers?

Business
1 answer:
yuradex [85]3 years ago
6 0
It helps tell producers when a price is too high
You might be interested in
1. Explain the concept of opportunity cost with an appropriate example.<br>​
inn [45]

Answer:

Concept & example of Opportunity Cost

Explanation:

Opportunity Cost is the cost of next best alternative foregone, while choosing an alternative. This arises because of 'choice' problem, due to unlimited wants & limited resources - having alternative uses.

Eg : If I can have 2 chapatis or a bowl of rice. And, I eat a bowl of rice. Then, 'opportunity cost' of a rice bowl is - the next best available '2 chapattis' foregone for the former.

4 0
2 years ago
David and his best friend are in a car accident with another vehicle and it is david's fault. david and his friend are both inju
likoan [24]
It depends on what cover he have even full cover or lie ability insurance
3 0
3 years ago
Discuss how being a multinational enterprise, with a presence in more than 170 countries, helps McDonald’s build its business re
topjm [15]
Being present in 170 countries, McDonald's business is indeed very widespread and there are lots of factors in it being very successful now. Even if there are certain problems in the economy of a certain country, many countries will still have very booming economy allowing the business to grow more and more profitable. 
4 0
3 years ago
Which of the following terms describes the estimate of dollar value loss of a capital good due to obsolescence or wear and tear
Pavlova-9 [17]

Answer:

Depreciation

Explanation:

This is basically a reduction in value of an asset over period of time mainly because of wear an tear.

3 0
3 years ago
The amount of a good or service that a consumer is willing and able to buy at various possible
joja [24]

Answer:

demand

Explanation:

Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demanded is also called the demand curve.

8 0
3 years ago
Other questions:
  • Crispy Fried Chicken bought equipment on January 2​, 2016​, for $ 18 comma 000. The equipment was expected to remain in service
    7·1 answer
  • Suppose the government has imposed a price ceiling on sale of laptop computers. Which of the following events could transform th
    10·1 answer
  • The total value of all goods and services produced annually in the united states is called
    11·1 answer
  • Bruce, a buyer, contracted with Steve, a seller, to buy ten dozen bicycle tires for $960. Payment was due thirty days after deli
    8·1 answer
  • The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 sh
    11·1 answer
  • A currency drain occurs when
    14·1 answer
  • On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $64,000
    14·1 answer
  • Allison invested $23,000 in an account paying an interest rate of 6.7% compounded annually. Assuming no deposits or withdrawals
    9·1 answer
  • Ruby is considering a college degree. She learned that the total costs (including the tuition, fees, and forgone wages) of a col
    10·1 answer
  • Which of the following is correct regarding expectancy theory? Group of answer choices Effort is only useful in improving motiva
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!