Answer:
The correct answer is letter "C": decrease equilibrium price and increase equilibrium quantity
.
Explanation:
An increase in the number of sellers in a market of a certain good implies the quantity demanded for that good will increase, thus the equilibrium quantity will be higher. According to the demand law, if the quantity demanded goes up, the price is likely to decrease, so, the equilibrium price will be lower.
Thus, <em>the increase in sellers will raise the equilibrium quantity decreasing the equilibrium price.</em>
Answer:
A value exchange is a description of a transaction which can include, but may not necessarily be, financial in nature. Examples of a value exchange between a brand and a customer can include: The trading of money for goods or services (a straightforward financial transaction)
Explanation:
"Policyholder" <span>signs a contract with a health insurance company and thus, owns the health insurance policy.
</span>
A policyholder refers to a person who owns and claims a protection or insurance arrangement and has the privilege to practice all benefits under the agreement of protection, aside from where limited by the privileges of an appointee. A policyholder could conceivably be the safeguarded, or the sole or one of the recipients of the policy. Likewise called policyowner.
Answer: what is not true about Allowance for doubtful accounts is that ----It is a liability account
Explanation:
Allowance for doubtful accounts is a contra-asset account that shows only amounts expected to be paid by negating the total receivables recorded on the balance sheet.
The allowance for doubtful accounts is credited when bad debts expenses are recorded and debited when uncollectible accounts are written off.
In summary, Allowance for doubtful accounts estimates the amount of accounts receivable expected but will not be paid by customers.
Answer:
The July 2009 mark was a trough as the lowest points of production in a business cycle are called troughs.
Explanation:
