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11Alexandr11 [23.1K]
3 years ago
11

Given the law of​ demand, you would expect the rise in the price of gasoline to​ ______ the quantity of gasoline demanded and​ _

_____ the demand for gasoline.A. ​decrease; decreaseB. not​ change; decreaseC. decrease; not changeD. increase; decrease
Business
1 answer:
just olya [345]3 years ago
6 0

Answer:

C. decrease; not change

Explanation:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

The rise in price of gasoline only affects the quantity demanded. Other factors affect the demand for gasoline.

I hope my answer helps you

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A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been
tekilochka [14]

Answer:

The company paid $278,031

Explanation:

Giving the following information:

A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.

<u>To calculate the past value of the land, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= present value (20 years ago)

n= 20

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i= 0.037

PV= 575,000 / (1.037^20)

PV= $278,031

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8 0
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In a 100-percent reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount
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a M1 would not change.

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