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3 years ago

The claim that, other things being equal, the quantity supplied of a good increases when the price of that good rises_________.

Business

1 answer:

Dahasolnce [82]3 years ago

4 0

Answer: Law of demand

Explanation:

The law of demand is defined as when the quantity an the price of the products and the services are increased then the demand the the similar products get decreased as it is inversely proportional with each other.

The other factors or the conditional are become equal or constant and this is also known as the elastic demand. The law of demand is refers to the relationship between price and the quantity of products in the market.

Therefore, Law of demand is the correct answer.

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In 2007, the economy slipped in a recession that many called the worst since the Great Depression. This caused people to experie

Elis [28]

Answer:

an increase in equilibrium price and an indeterminate effect on equilibrium quantity.

Explanation:

An inferior good is a good whose demand increases when income falls and reduces when income rises.

If ramen is an inferior good, when income falls its demand would increase. This would lead to a rise in quantity and price.

An increase in the price of wheat would increase the cost of production of ramen. As a result, the supply of ramen would fall. Price would increase and supply would fall.

The combined effect would be an increase in equilibrium price but an indeterminate effect on equilibrium quantity.

I hope my answer helps you

3 0

3 years ago

Apex Corp. asks its consumers to determine how they perceive the similarities and dissimilarities among relevant product attribu

8_murik_8 [283]

Answer: (C) Perceptual mapping

Explanation:

The perceptual mapping is one of the type of technique that is used by the marketers for visually displaying the different types of perceptions of the consumers and the users.

It is also known as the market mapping technique that is used for the developing the various types of brands and the products in the market for based on the customer perspective.

According to the given question, the Apex corp. is using the perpetual mapping technique for determining the different types of product attribute in the market.

Therefore, Option (C) is correct answer.

6 0

3 years ago

A corporation issued 5,000 shares of its $1 par value common stock in exchange for land (market value $30,000) and a building (m

olga2289 [7]

Answer:

The correct option is A,Debit Land and Building, $130,000; Credit Common Stock, $5,000; Credit Paid-in Capital in Excess of Par Value, Common Stock, $125,000.

Explanation:

The sum of the two market values of both land and building is $130,000($100,000+$30,000),which would be debited to land and building account to show that the asset has increased due to new acquisition.

In the common stock account the par value of the shares which is $5,000($1*5000) would be credited to it.

The difference between the market value of assets acquired and the common stock amount which is $125,000($130,000-$5,000) would be credited to paid in capital in excess of par account.

3 0

3 years ago

When a tax is placed on the buyers of cell phones, the size of the cell phone market

bonufazy [111]

When a tax is placed on the buyers of cell phones, the size of the cell phone market <span>and the effective price received by sellers both decrease. When a tax is placed on the buyers of cell phones, the market doesn't really increase or decrease as those needing cell phones are still going to purchase and use them however the price that is received usually decreases because they aren't moving at a fast rate. It is likely that the amount of tax placed on them will have a say in how they increase or decrease within the market. </span>

3 0

3 years ago

On January 1, 2019, Marigold Corp. Had the following stockholders' equity accounts.

Temka [501]

a. The preparation of the stockholders' equity section of the balance sheet at December 31 foro Marigold Corp. is as follows:

<h3>Stockholders' Equity Section:</h3>

Marigold Corporation

<h3>Balance Sheet</h3>

At December 31, 2019

Common Stock ($5 par value)

186,560 shares issued and outstanding $932,800

Paid-in Capital in Excess of Par Value-Common Stock 268,880

Retained Earnings 446,408

Total equity $1,648,088

b. The payout ratio and return on common stockholders' equity are as follows:

Payout ratio = Cash Dividends/Net Income

= 94% ($206,912/$220,000 x 100)

Return on Common Stockholders' Equity = Net Income/Beginniing Outstanding Equity

= 13.5% ($220,000/$1,635,000 x 100)

<h3>Data and Analysis:</h3>

Common Stock ($10 par value)

84,800 shares issued and outstanding $848,000

Paid-in Capital in Excess of Par Value-Common Stock 218,000

Retained Earnings 569,000

Total equity $1,635,000

Jan. 15 Retained Earnings $94,976 (84,800 x $1.12) Cash Dividends Payable $94,976

Feb. 15 Dividends Payable $94,976 Cash $94,976

Apr. 15 Retained Earnings $135,680 Stock Dividends Payable $135,680 ($16 x 84,800 x 10%)

May 15 Stock Dividends Payable $135,680 Common Stock $84,800 Paid-in Capital in Excess of Par Value $50,880

July 1 Common Stock increased to 186,560 at $5 each (84,800 + 8,480 x 2)

Dec. 1 Retained Earnings $111,936 (186,560 x $0.60) Cash Dividends Payable $111,936
Dec. 31 Net income for the year = $220,000

<h3>Retained Earnings:</h3>

Beginning balance $569,000

Net Income 220,000

Dividends:

Jan. 15 Cash Dividends (94,976)

Apr. 15 Stock Dividends (135,680)

Dec. 1 Cash Dividends (111,936)

Ending balance $446,408

Learn more about the stockholders' equity section at brainly.com/question/13373888

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3 0

2 years ago