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4 years ago

What principle does this demand curve demonstrate?

Business

1 answer:

lisov135 [29]4 years ago

5 0

Answer:

quantity demanded increases as prices decrease

Explanation:

Demand is the volume of a product that consumers are willing to buy at the market place at a given price over a given time. The demand curve is a graphical representation of the relationship between the demand and the product's price. It shows how quantity demanded increases as prices decrease. The demand curves illustrate the law of demand.

The demanded curve slope downwards with the prices plotted on the Y-axis while the quantity demanded is on the X-axis. Movement along the slope illustrates how quantities change at different prices.

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On may 1, newtown motors, a used-car dealer, wrote a letter to o'reilly, which stated, "we have a 1969 pontiac firebird in mint

Studentka2010 [4]

I don't think there was any official contract set in place. It says they wrote a letter and said they'd sell it before June 1st. However, this wasn't a contract. It was only a letter of information. No one had a contract so no contract could have been breached.

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3 years ago

On December 31 of Swift Co.’s first year, $70,000 of accounts receivable is not yet collected. Swift estimates that $4,000 of it

pishuonlain [190]

Answer:

1. $66,000

2. $66,000

Explanation:

The computations are shown below:

1. Before written off:

= Account receivable balance - uncollectible amount

= $70,000 - $4,000

= $66,000

2. After written off:

= Account receivable balance - second year written off amount - uncollectible amount + second year written off amount

= $70,000 - $700 - $4,000 + $700

= $66,000

8 0

4 years ago

Ben and Chris combined their love of football with a business venture. They purchased a small portable cart and began selling fo

wolverine [178]

Answer: Option C

Explanation: Environmental circumstances refers to the threats and opportunities that arise from political and economical unstability. These are highly fluctuating factors and can affect the business highly.

In the given case, the business of Ben and Chris slowed down due to the economic breakdown in the country. These factors are inescapable and affect all the businesses in the economy.

Thus, from the above we can conclude that the correct option is C.

4 0

3 years ago

Consider a numerical example using the Solow growth model. Suppose that F(K,N) = K^ 0.5N^ 0.5, with d = 0.1, s = 0.2, n = 0.01,

Sliva [168]

Find the solution in the attachments

4 0

4 years ago

I In your business, assets, and liabilities have historically varied with sales. Assets are usually 82 percent of sales, and lia

Butoxors [25]

Answer and Explanation:

Computation table for Surplus amount:

Particular Current year Future year

Sales $168,000 $208,000

Less: Net Profit 11.99% of sales $20,143.8 $24,932.2

Cost (sales - 11.99%) $147,856.8 $183,060.8

Owner's payout 42% of cost $62,099.856 $76,885.536

Surplus (Cost - Owner payout) $85,756.944 $106,175.264

Computation table for additional financing fund:

Particular Current year Future year

Assets 82% of sales $137,760 $170,560

Less: Liabilities 54% of sales $90,720 $112,320

Additional Funding $47,040 $58,240

8 0

3 years ago