All categories

3 years ago

A demand curve:

Business

1 answer:

Arada [10]3 years ago

7 0

Answer:

3. indicates the quantity demanded at each price in a series of prices.

Explanation:

The demand for a product can be described as the quantity that buyers are willing and able to buys at a given price or different prices. As per the law of demand, an indirect relationship exists between the price and demand for a product. This relationship can be expressed in a graph format known as a demand curve or as a table format known as the demand schedule.

A demand curve is downward sloping. It demonstrates how demand varies at different prices. A change in price cause movement along the demand curve. Low price results in high demand, while high prices result in low demand.

You might be interested in

Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $15,000,000 of 20-year, 9

konstantin123 [22]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $15,000,000

To Bonds payable $15,000,000

(Being issue of bonds is recorded)

2. Interest expense on bonds Dr, $675,000

To cash $675,000 ($15,000,000 × 9% × 6 ÷ 12)

(Being payment of interest is recorded)

3. Bonds payable Dr, $15,000,000

To Gain on redemption of bonds $600,000

To Cash ($15,000,000 × 0.96) $14,400,000

(Being redemption on bonds is recorded)

3 0

3 years ago

At higher prices, the price elasticity of demand is likely to be ________, whereas it is likely to be ________ at lower prices.

Black_prince [1.1K]

Answer:

2. elastic; inelastic

Explanation:

The price elasticity of demand, the amount consumers demand from a particular price are different for each good or service, and when the price changes, the response shown as the change in the quantity requested is different for each good (even at a different price level for one good).

In the face of price changes, the severity (or degree of sensitivity) of the reaction of consumers in the form of changing the amount they buy against this change is measured by the price elasticity of the demand, which is also called demand elasticity. This flexibility is expressed by a coefficient.

The price elasticity coefficient of demand is equal to the ratio of the percentage change in the quantity demanded to the percentage change in price in the face of a small change in price.

The Price elasticity will be elastic when it equals or more than 1, if not it will be inelastic with the amount of less than 1.

6 0

3 years ago

When the consumer price index falls, the typical family has to spend fewer dollars to maintain the same standard of living.

mel-nik [20]

A. True

The CPI is a measure of the cost of a "basket" of typical consumer goods, so if the cost of these goods goes down most families will spend less on average.

6 0

3 years ago

A study of over 12,000 employees found that ________ had engaged in such workplace misbehaviors as goldbricking, sick time abuse

Nezavi [6.7K]

Answer:

90%

Explanation:

According to the study of over 12,000 employees, it is found that 90% has engaged in the workplace with respect to the misbehaviors in terms of goldbricking, sick time abuses, or fraud at lease one time

here goldbricking means working less as your capability as they are more focused to do a personal task

So the correct answer is 90%

6 0

3 years ago

Normally, mortgage brokers have nothing to lose by encouraging you to get a bigger loan than you may be able to afford.

jasenka [17]

The answer is true because

3 0

2 years ago