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3 years ago

Which statement best explains the law of demand?

Business

2 answers:

lozanna [386]3 years ago

6 0

Answer:

B. The quantity demanded by consumers decreases as prices rise, then increases as prices fall.

Explanation:

100%

Paul [167]3 years ago

5 0

B is right just took the test

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Congratulations! You just finished up your MHA. You are now making the big bucks!! You are pulling down $75,000 a year. Your est

aleksandr82 [10.1K]

Answer:

Balance available on hand at month-end is $1,750

Explanation:

Monthly gross salary= $6,250 ($75,000 / 12 month)

Less: Payroll Taxes $1,250 ($6,250 * 20%)

Net Monthly salary $5,000

Add: Monthly Consultancy Income $100

Monthly income available on hand $5,150 $5,150

Less: Monthly Car note $350

Monthly Car gas $50

Monthly mortgage $850

Monthly Health insurance $400

Monthly food spending $300

Monthly student loan payment $300

Monthly credit card payable $1,100

Total deductions $3,350 $3,350

Balance available on hand at month-end $1,750

8 0

3 years ago

Which of the following are integral parts of the managerial process of crafting and executing strategy?

iVinArrow [24]

Answer:

The correct answer is a. Developing a strategic vision, setting objectives, and crafting a strategy .

Explanation:

Management has the responsibility of charting the strategic course, establishing a series of objectives that allow it to choose a strategy that allows achieving everything planned. Likewise, the board of directors is responsible for defining and executing such strategies.

The management process has the following stages:

1. Define strategic vision.

2. Set Goals.

3. Develop the strategy.

4. Apply and implement the strategy.

5. Evaluate performance and implement controls.

3 0

4 years ago

True or False: Although price searchers can set their prices, the prices they can set are still affected by market conditions. T

RideAnS [48]

Although price searchers can set their prices for products, the prices they can set are however, still affected by market conditions: True.

<h3>What is price?</h3>

Price refers to the amount of money that is set by a seller and must be paid by a buyer (customer) to the seller (producer), so as to enable the acquisition of these goods or services.

Although price searchers can set their prices for the goods (products) they sell or service they render, the prices they can set are however, still affected by various market conditions such as:

Inflation

Recession

Read more on price here: brainly.com/question/11898489

8 0

2 years ago

Mister Jones was selling his house. The asking price was $220,000, and Jones decided he would take no less than $200,000. Afte

Nonamiya [84]

Answer:

The correct answer is D. not able to be calculated from the information given.

Explanation:

The consumer surplus is the gap between the maximum price that the consumer is willing to pay and the price the consumer actually pay.

So, in this case, to get consumer surplus , we have to know the price that Mister Smith was willing to pay and the price he actually paid. We only have the price he paid and we don't know how much he was willing to pay.

Then , we are not able to calculate consumer surplus with the information given.

8 0

4 years ago

Rex's doughnuts can produce only 100 doughnuts a day. the variable cost incurred per unit is $2 and fixed costs incurred per day

vladimir1956 [14]

The total cost that is incurred by producing 100 doughnuts is equal to the sum of the variable cost and the fixed cost. The total variable cost is,
total variable cost = ($2/doughnut)(100 doughnuts) = $200

The total cost is,
Total cost = total variable cost + total fixed cost
TC = $200 + $500 = $700

Equating the cost and the revenue,
TC = TR
$700 = (100)(x)

The value of x from the equation is $7.

ANSWER: $7.

3 0

4 years ago