All categories

3 years ago

Which of the following situations is the demand most likely to be reduced

Business

1 answer:

Kay [80]3 years ago

3 0

Answer:

The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.

You might be interested in

Kelly has decided to start his own business giving sailing lessons. To purchase equipment for the business, Kelly withdrew $1,00

vova2212 [387]

Answer:

The total opportunity cost of investing in the business is explained below:

Explanation:

Opportunity cost is also known as alternative cost, the cost incurred from giving up one benefit for an alternative. Kelly withdrew 1000$ from his account, which was giving him a 3% profit annually, and the total opportunity cost of withdrawing 1000$ is 30$ annually. Similarly, he withdrew another 2000$ at 7% interest rate that is 140$which he has to pay annually.

30$ + 140$ =170$

The total annual opportunity cost is 170$

3 0

2 years ago

According to recent data, obese patients are less likely than nonobese patients to obtain preventive health services and exams,

Blizzard [7]

The statements that are true based on the obese pations are statements 1 and 2. Henvce Both the first and second statements are true.. Option 2

<h3>What is meant by obesity?</h3>

The delay in receiving medical care has a positive relationship with BMI. 12.7% of participants said they have postponed or cancelled a doctor's appointment because of weight issues.

An important component of treating obesity is increasing physical activity or exercise: Exercise. For those who are obese, 150 minutes a week of moderate-intensity exercise is required to either maintain current weight loss or to stop further weight gain.

Weight gain that is abnormal or excessive and poses a risk to health is what is meant by the terms "overweight" and "obesity." Overweight is defined as a body mass index (BMI) of 25, and obesity as a BMI of greater than 30. Obesity in the United States has dramatically increased in prevalence over the past few decades, leading to a huge public health concern.

Read more on obesity here: brainly.com/question/1646944

#SPJ1

6 0

1 year ago

At high price levels, demand tends to be ________ and the price effect is ________, relative to the output effect.

rosijanka [135]

At high price levels, demand tends to be elastic and the price effect is small relative to the output effect.

3 0

2 years ago

Suppose the majority of students who are graduating in May from a large university have found jobs and signed employment contrac

Aleks [24]

Answer:

<u>increase </u>, <u>reduce </u>

Explanation:

Assumption: <u>The given problem has been solved upon the assumption that students, who are in the process of entering employment, will lead to the possibility of increased spendings, since such students disposable income rises. </u>

Aggregate demand represents the total demand for all goods and services produced in an economy during a period.

Mathematically, Aggregate Demand is represented as follows:

AD = C + I + Net Exports + G

wherein,

C = Consumption

I = Investment

Net Exports = Exports - Imports

G= Government Spending

In the given case, students which earlier had no income of their own, will now have a disposable income. Owing to which, their consumption spending would increase.

As a result of this, the savings would reduce.

Y = C + I + G

where, Y = National Income

I = Investment

G= Government expenditure

Aggregate demand will increase as a consequence.

4 0

3 years ago

In an effort to reduce cost on auto insurance, Sophia has lowered each component of her current plan to the cheapest possible op

MAXImum [283]

Answer:

Sophia will save $38.15

Explanation:

If Sophia chooses the cheapest possible option, her choices will be:

bodily injury $25/50,000 $21.35

property damage $25,000 $115.50

collision $500 deductible $248.08

<u>comprehensive $100 deductible $88.23 </u>

total premium $473.16

she will save $511.31 - $473.16 = $38.15

5 0

3 years ago

Which of the following situations is the demand most likely to be reduced￼

Which of the following situations is the demand most likely to be reduced