1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hitman42 [59]
4 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]4 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]4 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. 
You might be interested in
Walt has a $300,000 listing at 8% commission. An agent from another firm sold the listing. Walt has a 70% commission split with
erastovalidia [21]

Answer:

$8,400

Explanation:

total commission = $300,000 x 8% = $24,000

50% co-brokerage split = $24,000 x 50% = $12,000

Walt's commission = $12,000 x 70% = $8,400

the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.

total commission is split between the two firms because the Walt's listing was sold by another firm.

4 0
4 years ago
g Perfection purchased a 25% stake in Satisfactory for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of
Brums [2.3K]

Answer:

The value that Perfection records in it's books on Jan 2, 2021 related to its investment in Satisfactory is:

$486,000.

Explanation:

a) Data and Calculations:

Net asset value of Satisfactory = $1,944,000 on acquisition date

Stake purchased by Perfection = 25%

25% of the net asset value of Satisfactory = $486,000 ($1,944,000 * 25%)

b) There is no goodwill arising from the investment in Satisfactory.  The equity method will be used to account for the investment in the Satisfactory.  The Equity Method involves recording the investment in an associated company like Satisfactory when Perfection's ownership interest in Satisfactory is valued at 20–50% of the net assets.

5 0
3 years ago
If employers do not require a(n) __________, performance appraisal ratings often do not match the normal distribution of a bell-
Lubov Fominskaja [6]

Answer:

forced distribution

Explanation:

Based on the rest of the sentence it can be said that the missing term is forced distribution. This is a system that requires managers to evaluate each individual and rank them typically into one of three categories. These categories are excellent, good, and poor and allow managers to indicate if the employee should be terminated, is doing good, or is in-line for promotion as indicated in the graph below. This term is also known as the vitality curve or bell curve.

4 0
3 years ago
Ordering a mocha latte and paying for it from the starbucks smartphone app is using what type of internet commerce?
FromTheMoon [43]
<span>You are using M-Commerce (Mobile Commerce).
It is a type of e-commerce that can be handled from a mobile phone, a PDA or smartphone The first M-Commerce was launched in 1997, and since then its use has become widely spread worldwide. There are different payment methods to choose from, such as: contactless payment, credit cards and debit cards, micropayment services, and stored-value cards</span>
7 0
3 years ago
Name one form of collusion
Vera_Pavlovna [14]

Answer:

price fixing

Explanation:

The collusion occurs when firms agree to collaborate in a way that disrupt markets such as fixing prices above the actual price to alter the equilibrium of the market

3 0
3 years ago
Read 2 more answers
Other questions:
  • How does Wikipedia work? What is different about this operation from other encyclopedias?
    6·2 answers
  • Explanation of competition and a real life example​
    5·1 answer
  • Under what section of the Statement of Cash Flows would you classify the purchase of equipment by issuing a long-term note payab
    7·1 answer
  • Producer surplus is equal to
    15·1 answer
  • Using the paid &amp; organic report for her travel website, karen has noticed a relatively high organic clicks/query rate for th
    15·1 answer
  • In order to avoid shortsightedness, today marketers are moving toward viewing communications as managing the ________.
    6·1 answer
  • Colin McKinney, director of marketing for Greenwald Industrial Products, complains to his advertising director that the continui
    5·1 answer
  • The group that sets the Federal Reserve System's policy on buying and selling government securities (bills, notes, and bonds) is
    11·1 answer
  • As a Cost and Management Consultant in the banking industry in Ghana, one of your highly esteemed clients, a top tier banking in
    8·1 answer
  • The bank you own has the following balance sheet: Assets Liabilities Reserves $75 million Deposits $500 million Loans $525 milli
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!