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netineya [11]
3 years ago
9

Suppose a decrease in the supply of wheat results in an increase in revenue. This indicates that Group of answer choices a. the

supply curve for wheat must be vertical. b. the demand curve for wheat must be vertical. c. the resulting increase in price is proportionately greater than decrease in quantity sold. d. the decrease in quantity sold is proportionately larger than the resulting change in price.
Business
1 answer:
Rufina [12.5K]3 years ago
5 0

Answer:

The correct answer is c. the resulting increase in price is proportionately greater than decrease in quantity sold.

Explanation:

if supply decreases and the supply curve shifts to the left the equilibrium price is likely to increase. An increase in revenue after an increase in price would mean that an increase in price is proportionately greater than a decrease in quantity sold.

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how the radiations from space detected by Arno Penzias and Robert Wilson provides evidence for the Big Bang Theory.
mart [117]
Hello User

Answer: They predicted that the Universe were created in a Big Bang. Today, we would see the glow of light that was released when atoms first formed when the universe was about 300,000 years old. 

I hope I helped
-Chris
4 0
4 years ago
In preparing financial statements, accountants should consider all of the following except: a. The objectives of financial repor
AlexFokin [52]

Answer:

D. The presentation of the value of a company

Explanation:

The company's values, corporate values or core values, has no place in the financial statement.

The corporate values includes the fundamental beliefs upon which ones business and its ethic/behavior are based.

8 0
3 years ago
Once considered upstarts among independent businesses,________ now command 45 percent of all retail sales in the United States.
GaryK [48]

Answer:

The correct answer is letter "D": franchises.

Explanation:

Franchises are business structures in which franchisees access the trademarks and proprietary rights of a franchisor to use its brand name and products in exchange for a fee charged on a regular basis. Franchising avoids a new company spending money on activities related to promoting a new business since the franchisor already has a well-known name in the market.

<em>MacDonald's represents the largest franchise in the U.S. in 2020 according to  Franchise Direct.</em>

4 0
3 years ago
A decrease in the price level a. increases the quantity of goods and services supplied in the short run. b. decreases the quanti
Alenkasestr [34]

Answer:

c. increases the quantity of goods and services demanded.

Explanation:

According to the law of demand, there is an indirect relationship between demand and the prices for good or service. Should the price of a good or service increase, its demand will decrease. Demand comprises of the willingness and ability to buy.

A decrease in the price level will make the product affordable by more buyers. The market will afford to buy more of that product. The law of demand works together with the law of supply. The intersection of demand and supply curves determines the price of a product.  

4 0
4 years ago
Charco purchased a franchise from Burger Master on January 1, 2021, for $240,000. The franchise agreement allows Charco to sell
denis-greek [22]

Answer:

$40,000.

Explanation:

Given that Charco purchased a franchise from Burger Master on January 1, 2021, for $240,000

Useful life of Franchise = 6 years

Cost = $240,000

Yearly amortization expense = cost/useful life

                                                = $240,000/6

                                                = $40,000

The amortization expense for the year ended December 31, 2021 is $40,000. This is the yearly charge to p/l for the Franchise.

3 0
3 years ago
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