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3 years ago

You observe the price of a good rises and the quantity sold decreases. This is the result of

Business

1 answer:

kondor19780726 [428]3 years ago

6 0

Answer:

This is the result of law of demand and elasticity of demand

Explanation:

The law of demand states that, other things remaining equal, the higher the price of a commodity, the lower the quantity demand of that commodity. Also, the observed goods in the question is a normal good because all normal goods obey the law of demand.

In addition, the price elasticity of demand is ELASTIC. This means the good is sensitive to price. A 1% increase in price will lead to a significant decrease in quantity demanded.

Also the income elasticity of demand is negative, meaning an increase income means the quantity demanded will decrease. This usually happens for inferior goods.

All these three points can cause it

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A client with a diagnosis of colon cancer has required the creation of an ostomy following bowel surgery. What factor is most li

vladimir1956 [14]

Answer:

(B) The coping mechanisms that the client possesses.

Explanation:

Coping mechanisms are the ways a person manages stress. They are strategies that are usually used in the face of stress and/or trauma to help manage, and adapt to painful or difficult emotions. They are different classifications of coping mechanisms. We have the defence, the attack, the avoidance and the adaptive. Coping mechanisms can help people adjust to stressful events while helping them maintain their emotional condition.

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4 years ago

What recent StuffDot actions have added to its user-friendliness

8090 [49]

Answer:

In simple words, The stuffdot recently undergone several measures to render it app friendlier. Both systems, whether browsers or Android or iOs, have the same functionality introduced through stuffdot. The app will now utilise stuffdot wherever, every time.

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3 years ago

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows. Sal

Damm [24]

Answer:

Total Break even sales = 154,000 units

Lawnmowers ($154,000 × 20%) = 30,800 Units

Weed-trimmers ($154,000 × 50%) = 77,000 units

Chainsaws ($154,000 × 30%) = 46,200 Units

Explanation:

As per the data given in the question, the computation is shown below:

Weighted contribution margin = Contribution margin × Sales mix

= (0.2 × 30) + (0.5 × $21) + (0.3 × $39)

= $28.2

Now, Total break even sales = Fixed cost ÷ Weighted contribution margin

= $4,342,800 ÷ $28.2

= 154,000 units

So classifications are as follows

Lawnmowers ($154,000 × 20%) = 30,800 Units

Weed-trimmers ($154,000 × 50%) = 77,000 units

Chainsaws ($154,000 × 30%) = 46,200 Units

We simply multiplied the total break even sales with each sales mix

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3 years ago

Which of the following is more likely to be subjected to price control? A. Leather garmentsB. Mobile phone accessoriesC. Aspirin

lorasvet [3.4K]

Answer:

The correct answer is option C.

Explanation:

Price control or price ceiling can be defined as a type of price control in which the upper limit is fixed for the price of certain goods and services. The price ceiling is imposed on products which are necessities. Higher prices of these products are likely to increase dis-utility. The price ceiling is used to make necessities affordable to people.

Among all the goods mentioned above aspirin and antacids are necessary items. The rest of the goods are luxury items, they are not basic necessities. So price control is most likely to be used on aspirin and antacids.

8 0

3 years ago

23. What law states that a decrease in price brings about an increase in the quantity<br> demanded?

denis-greek [22]

The law of demand states that, other things remaining the same, if the price of a good rises, the quantity demanded of that good decreases; and if the price of a good falls, the quantity demanded of that good increases.

3 0

4 years ago