1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nlexa [21]
4 years ago
15

Consider the following​ statement: ​"An increase in supply decreases the equilibrium price. The decrease in price increases​ dem

and." The statement is A. ​false: decreases in price affect the quantity​ demanded, not demand. B. ​false: increases in supply increase price. Decreases in price increase demand. C. ​true: increases in supply decrease price. Decreases in price increase demand. D. ​false: increases in supply decrease price.
Business
1 answer:
pochemuha4 years ago
5 0

Answer:

The correct answer is option A.

Explanation:

An increase in supply decreases the equilibrium price as the supply curve shifts rightward and intersects the demand curve at a lower point. This decline in the equilibrium price causes the quantity demanded to increase. The demand for the product remains the same.

The statement given in the question is false. A change in demand is caused by a change in other factors while the price of the product remains the same. The change in price affects the quantity demanded.

You might be interested in
What are new guidelines issued by GAAP for consolidating entities
Brut [27]
Consolidation Rules Under GAAP

The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares
6 0
3 years ago
Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this struc
zmey [24]

Answer:

申し訳ありませんが、私はできないので助けられません:-(

Explanation:

6 0
4 years ago
It becomes particularly urgent for a company to consider diversification when there are
elena-s [515]
<span>The company could consider diversifying when sales are beginning to slow and there is a way to leverage some of the business's core competencies in other areas that would be more competitive. In addition, this could allow the business to not worry about being "all-in" in a certain area, where that area's success or failure could lead to the entire business thriving or failing. By diversifying itself, the business can also lower production and sales costs or increase overall sales.</span>
6 0
4 years ago
elected data of Islander Company follow: As of December 31, Balance Sheet Data 2017 2016 Accounts receivable $ 500,000 $ 470,000
Nataliya [291]

Answer:

(a) 5.41 times

(b) 3.48 times

Explanation:

(a) Accounts receivable turnover for 2017:

=\frac{Net\ Credit\ Sales}{Average\ Accounts\ Receivables}

=\frac{2,500,000}{462,500}

      = 5.41 times

Working:

Average\ Accounts\ Receivables=\frac{Sum\ of\ net\ accounts\ receivable\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{475,000+450,000}{2}

                                                             = 462,500

(b) Inventory turnover for 2017:

=\frac{cost\ of\ goods\ sold}{Average\ Inventory}

=\frac{2,000,000}{575,000}

      = 3.48 times

Working:

Average\ Inventory=\frac{Sum\ of\ inventories\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{600,000+550,000}{2}

                                                             = 575,000

8 0
3 years ago
A dance studio and a dancewear manufacturer decide to combine. this type of merger is called a ________.
Rom4ik [11]

This is called a vertical merger. Vertical merger is a merger where two companies merge and operate having the same goal of providing a common product and services. This is also where the companies expand example of this is the ebay and paypal which merge to have a common service. 

8 0
4 years ago
Other questions:
  • Suppose an economist argues that it would be fairer if everyone in society had to pay the same portion of their income in taxes
    14·1 answer
  • According to your book, a group of six people waiting at a bus stop constitutes a group.
    11·1 answer
  • Lindsay is training two new sales representatives, Lance and Ayden, to use the revised client-tracking database, which has been
    10·1 answer
  • Which of the following is not a recommended guideline for designing and administering a compensation and reward system that will
    9·1 answer
  • The administrative model of decision making describes how managers actually make decisions in difficult situations rather than h
    6·1 answer
  • A title for goods obtained by a seller through fraud, impersonation, or a dishonored check is referred to as a(n. ________.
    12·1 answer
  • Suppose that the Bethesda Mining Company had sales of $2,166,873 and net income of $108,381 for the year ending December 31, 201
    5·1 answer
  • Nancy, age 67, plans to retire in six months. She has $200,000 in a savings account. She would like to receive lifetime monthly
    8·1 answer
  • 6. Which of the following has the lowest liquidity?
    13·2 answers
  • After reading the article, select the statements that are correct. Choose one or more: A. Elizabeth Warren has proposed using a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!