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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 fish in the river are consideredrival in consumption andexcludable whereas the fish in the private pond are and . In other w
Paladinen [302]

Answer:

... whereas the fish in the private pond are <u>rival in consumption</u> and excludable.  

... the fish in the river are an example of <u>common resource</u>, and the fish in the private pond are an example of <u>private good.</u>

<em>* the first sentence is wrong, the fish in the river are nonexcludable since anyone can fish on the river, or at least try to.</em>

Explanation:

If a good is rival in consumption, it means that if one person consumes it, it will lower the ability of another person to consume the good.

If a good is excludable, ten it can only be consumed by those that are willing and able to pay for it.

When a good is both nonexcludable and rival in consumption, it s a common resource.

A private good is both rival in consumption and excludable

5 0
3 years ago
_______ involves developing and performing marketing activities across national boundaries.
iogann1982 [59]

International marketing involves developing and performing marketing activities across national boundaries.

<h3>What is marketing?</h3>

Marketing is the process of discovering, developing, and delivering value to satisfy the needs of a target market in terms of goods and services; this may involve choosing a target audience, operating advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the price, discounts, warranty, and return policy.

The seller, who is often a retailer or manufacturer, is responsible for marketing. Tasks are occasionally contracted

To learn more about marketing  from the given link:

brainly.com/question/13414268

#SPJ4

7 0
2 years ago
A famous quarterback just signed a contract for $16 mil, providing $3.6 million a year for 4 years. A less famous receiver signe
Damm [24]

Answer:

The PV of the famous quarterback is $11,662,991.56, while the PV of less famous receiver is $12,719,159.63.

Explanation:

Present value (PV) refers to the valuation date value of a stream of income expected to be received in the future.

The PV for each of the two contracts can calculated by using the interest rate of 9%% (i.e. 0.12) as the discounting factor (r) to calculate the PV for each year. The discounting formula to use is (1+r)^n where n represents each relevant year. The calculations are done as follows:

1. For a famous quarterback

Step 1. Calculation of the PV for year

Year 1 PV = $3,600,000 ÷ (1.09)^1 = $3,302,752.29  

Year 2 PV = $3,600,000 ÷ (1.09)^2 =  $3,030,047.98  

Year 3 PV = $3,600,000 ÷ (1.09)^3 = $2,779,860.53

Year 4 PV = $3,600,000 ÷ (1.09)^4 = $2,550,330.76  

Step 2. Calculation of the total PV

This is obtained by adding the PVs of year 1 - 4 calculated above, and this is equal to $11,662,991.56.

2. For a less famous receiver

Step 1. Calculation of the PV for year

Year 1 PV = $3,000,000 ÷ (1.09)^1 = $2,752,293.58  

Year 2 PV = $3,000,000 ÷ (1.09)^2 =  $2,525,039.98  

Year 3 PV = $3,000,000 ÷ (1.09)^3 = $2,316,550.44  

Year 4 PV = $3,000,000 ÷ (1.09)^4 = $2,125,275.63  

Step 2. Calculation of the total PV

This is obtained by adding the PVs of year 1 - 4 calculated above, and this is equal to $9,719,159.63.

In addition, the $3,000,000 is to receive now is added to the $9,719,159.63 as follows:

PV of less famous receiver = $9,719,159.63 + $3,000,000

                                             = $12,719,159.63

Conclusion

Therefore, the PV of the famous quarterback is $11,662,991.56, while the PV of less famous receiver is $12,719,159.63.

5 0
3 years ago
Brief Exercise 8-06 The cash register tape for Bluestem Industries reported sales of $6,871.50. Record the journal entry that wo
astra-53 [7]

Journal entries

A.

Dr Cash $6,871.50

DrCash Exceed and Short $50.75

Cr Sales Revenue ($6,871.50+ 50.85) $6,922.25

B.

Dr Cash ($6,922.25 +28.32) $6,950.57

Cr Sales Revenue $6,922.25

Cr Cash Exceed and Short $28.32

8 0
3 years ago
A man, who looked about 45 years old, gave a cashier at a grocery store the Special Supplemental Nutrition Program for Women, In
Paladinen [302]

Answer:

He has a teenage daughter that was pregnant or with a little child.

Explanation:

The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) vouchers are vouchers provided by the federal government to states to ensure that low income pregnant teenager or women, infants and children have access to supplemental food, healthcare, etc. This is in a bid to ensure that every pregnant woman, their children or infants are well taken care of and have access to better health system among other things.

These vouchers cater for over millions of people through their over 40,000 merchants all over the world.

Cheers.

8 0
3 years ago
Read 2 more answers
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