Answer:
Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.
Explanation:
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
The answer is the product’s quality. It is because the overall
quality of the product is the main reason why consumers want to buy the product
because the quality is the characteristic of the product possess and this will
greatly affect the consumers, especially if they like the product’s quality.
Answer:
The income effect
Explanation:
The income effect refers to an increase in the purchasing power of customers simply because the products or services that they want to buy are cheaper. Since the price of the products or services decreases, the customers are able to purchase a higher quantity of them.
Answer:
B. Negative
Explanation:
When all other things remain constant, there is an inverse relationship, or negative correlation, between price and the demand for goods and services.
Hope this helps!
