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Hitman42 [59]
3 years ago
10

If all other factors are equal, what will happen to the demand if the price of a product goes down? A. Demand will go up. B. Dem

and will go down. C. Demand will stay the same as it was. D. Demand will be the same as the supply.
Business
2 answers:
Anton [14]3 years ago
7 0

The correct answer is A. Demand will go up

Explanation:

In the economy, the price refers to the amount of money you should pay to obtain a specific good; on the other hand, the demand refers to the number of goods that will be bought based on the willingness of people to pay for them. Additionally these to factors have an inverse relationship, this means if the price goes up the demand decreases as fewer people would be willing to buy a product; in the same way if the price goes down the demand increases, this can be explained as a cheaper product can be afforded by more people and some people might even buy multiple units. Thus, if the price of a product goes down the demand will go up.

geniusboy [140]3 years ago
6 0
A. Demand will go up. 

The demand curve is inverse relationship between quantity demanded and the price of the product. Therefore, as the price of a product goes down, the demand will go up. This makes sense because, given a stable income, you can buy more of a product if the price is less, and people will want more of a product until they maximize their utility. 
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The Truth-in-Lending Act gives debtors the right to rescind certain transactions for a period of ______ business days from the d
inysia [295]

Answer:

three

Explanation:

The Truth-in-Lending Act (TILA) applies to home loans. It requires lenders to disclose all costs related to a home loan, provides rescission rights for some transactions, and impose restrictions on home equity credits. But the TILA cannot set the interest rates or other fees charged by the lender, it only requires the lender to disclose the complete information, e.g. APR, monthly payments and amount financed.

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3 years ago
Jan pay $70 each month for her auto insurance policy. This regular payment is call a
Svetach [21]
Monthly payment because she pays it every 30 days
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3 years ago
Roland and Quan are both on the staff of a car dealership. Roland is always asking colleagues to cover his shifts, but he never
WITCHER [35]

Answer:

Quan is a giver and Roland is a taker

Explanation:

A giver is someone who considers the needs of others before his needs. They support others without expecting anything in return. They are at the receiving end of interaction. In a workplace, they are not concerned about their success but give preference to uplifting and helping co-workers. Quan displays traits of a giver.

Takers, on the other hand, put their needs ahead of others. They try to gain maximum with minimum efforts. Roland displays traits of a taker.

7 0
3 years ago
Assume a company makes only three products, B, C, and D:
Vsevolod [243]

Answer:

d) $13

Explanation:

contribution margin per unit:

  • product B = $45
  • product C = $39
  • product D = $25

contribution margin per machine hour:

  • product B = $45 / 2.5 = $18
  • product C = $39 / 3 = <u>$13</u>
  • product D = $25 / 1.25 = $20

the company should first produce 800 units of product D and use 1,000 machine hours. Then it should produce 680 units of product B using 1,700 machine hours. In order to produce the remaining 20 units of product B and the 600 units of product C, the company must rent machine hours and the maximum possible price per hour is $13 (contribution margin per machine hour product C).

8 0
2 years ago
On January​ 1, 2018, Brazos Company purchased equipment and signed a sixminusyear mortgage note for $ 186 comma 000 at 15​%. The
kifflom [539]

Answer:

The journal entry to record the first installment payment will include a​ debit to interest expense of $27,900, mortgage notes payable of $21,248 and a credit to cash account of $49,148

Explanation:

For recording the first installment payment, we have to compute the interest amount which is given below:

Interest amount = value of Mortgage note × rate × year

                           = $186,000 × 15% × 1 year

                           = $27,900

Since we have to compute the installment for January​ 1, 2019, therefore, we take the one year period

Now, we have to compute the principal amount which equals tp

= Installment amount - interest expense

= $49,148 - $27,900

= $21,248

So, the journal entry would be

Interest expense A/c Dr             $27,900

Mortgage note payable A/c Dr   $21,248

    To Cash                                                       $49,148

(Being payment of the first installment recorded)

7 0
2 years ago
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