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Alenkasestr [34]
4 years ago
6

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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$4, is the optimal price to charge for a block of 4 units.

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A corporation with significant market power has the power to control its profit margin by manipulating the market price. It may also be able to raise barriers for potential new entries into the market.

Because they may set or change the retail price of an item without giving up market share, companies with market power are frequently referred to as "price makers."

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The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000. During the month, it
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Answer:

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B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
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Answer: See explanation

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2 years ago
Joe Sullivan and Mark Holland, members of the top management at EuAir, a European airlines, were preparing for a meeting to disc
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I think the answer is C but i could be wrong if so sorry
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