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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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Suppose an economy has a law that requires all wages to be adjusted quarterly to reflect changes in the general price level. Thi
8_murik_8 [283]

Answer:

economic (or business) cycles are less severe.

Explanation:

If the wages follow the general price level, it means that they will follow the inflation rate. When the economy is strong and inflation might rise, then the wages should increase accordingly. When the economy is starting to enter a recession then the inflation rate will reduce, so wages will not increase as much (if any increase at all).

This type of economic policy favors expansion cycles since private consumption is the main component of the GDP and also helps when the economy enters a recession because the wages will follow inflation rate which will help make the recession less severe and hopefully shorter.

One basic concept for this to work is that inflation is always a positive number, countries rarely (if ever) go through deflation processes.

8 0
3 years ago
5) On July 12, Reliable Repair Service extended an offer of $150,000 for land that had been priced for sale at $185,000. On Sept
elixir [45]

Answer:

The price should be recorded as $167,500

Explanation:

As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.

For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.

5 0
2 years ago
HELPPP MEEE ILL MARK YOU BRAINLIEST
kakasveta [241]

Answer:

salary is a lump sum for work and fixed rate is a fixed rate that changes with amount of hours worked.

Explanation:

salary is a lump sum for work and fixed rate is a fixed rate that changes with amount of hours worked.

Brainliest appreciated!

8 0
3 years ago
Which of the following was partly an effect of the Mexican-American War?
Neporo4naja [7]

Answer:

The correct answer is letter "C": the United States becoming a transcontinental nation.

Explanation:

After <em>Texas </em>was declared independent from Mexico in 1836, issues arose since the U.S. did not want to annex the freed territory due to northern interests. Mexico became hostile in defining the frontiers after the independence of Texas at the point of threatening the U.S. to go on war if its demand was not fulfilled.  

With an attack on American Soldiers by April 1846 in Texas, the war begun. Americans military power revealed superior to Mexicans winning the war in favor of U.S. President James K. Polk (1795-1849) who <em>believed the U.S. had to spread across the continent</em>.

<em>The effect of the war was California, Utah, Nevada, and Arizona being annexed to the U.S. territory.</em>

7 0
3 years ago
On September 12, Vander Company sold merchandise in the amount of $4,600 to Jepson Company, with credit terms of 2/10, n/30. The
Hitman42 [59]

Answer:

Dr Cash 4,116

Dr Sales discounts 84

Cr Accounts receivable 4,200

Explanation:

Vander Company Journal entry

Dr Cash 4,116

(4,200-82)

Dr Sales discounts 84

Cr Accounts receivable 4,200

Calculation of Sales discounts

4,200*2%

=84

Merchandise

(4,600-400)

=4,200

4 0
3 years ago
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