Answer:
The law of demand states that consumers will request more of a product if its price decreases. For supplement goods, an increase in the price of one will increase demand for the other. The demand curve for apples will react as follows.
Explanation:
<u>A). More people begin to prefer apples to oranges.</u>
Should peoples' preference change to apples, the demand for oranges will decrease while that of apples will increase. The demand curve is downward sloping. If demand increases, the demand curve will shift to the right. It is also referred to as moving outwards. In this case, the demand curve for apples will shift to the right.
B) <u>The price of peaches rises (because peaches are a substitute for apples).</u>
Substitutes imply a good can be used in place of another. If the price of a substitute increases, it demands decreases. The demand for the substitute good will go up. An increase in the price of peaches will increase the demand for apples. As a result, the demand curve will shift outwards. In other words, shift to the right.
C. People's incomes rise (and apples are a normal good).
Demand for normal goods increase as the people's income rises. More people will afford to buy apples. If people are now earning more, the demand for apples will go up. The demand curve will shift to the right to indicate a surge in demand.
Answer: C. equal zero
Explanation:
The mean is average of the portfolio which means that some securities will be more than the mean and some will be less.
Some deviations will be positive, others will be negative.
When these deviations are added together, the negative deviations will cancel out the positive deviations which will lead to the average deviations being 0.
Step 5 in the marketing plan process is when a firm evaluates the outcome of the strategy and implementation process.
<h3>What is the marketing plan process?</h3>
This is the approach that is taken towards meeting the goals of marketing.
<h3>The steps includes</h3>
- Set the objectives
- Formulation of strategy
- control
- review
- analysis
Read more on the marketing plan process here:
brainly.com/question/9027729
Answer: The answer is given below
Explanation:
a. What is the true monthly rate of interest?
The monthly rate of interest will be the annual percentage rate of charge given in the question divided by the number of months. This will be:
= APR/12
= 6.5%/12
= 0.065/12
= 0.0054
= 0.54%
b. What is the EAR?
The effective annual rate will be calculated using the formula:
EAR = (1 + (APR / m)^ m) - 1
EAR = (1 + (0.065/ 12)^12) - 1
EAR = [(1 + 0.0054)^12] - 1
EAR = (1.0054)^12 - 1
EAR = 1.06676 - 1
EAR = 0.06676
EAR = 6.68%
Answer:
1a. 1400 1b.1230 1c. Equal to
Explanation:
C= 170+0.7(yd)
Y= C+I+G
=170+0.7(Y-100)+170+150
=170+0.7Y-70+170+150
Y =1400
Z=170+0.7(1400-100)+170+150
=170+910+170+150
=1400
It is equal as evident above
