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3 years ago

What is a demand relationship?

Business

1 answer:

NeX [460]3 years ago

8 0

Answer:

Demand relationship is the relationship between the dominant prices of a good and the quantity that will be bought at that price.

Explanation:

Demand can be defined as the quantity of a good that consumers are ready to purchase at different prices at a given period of time.

The basic demand relationship is between potential prices of a good and the quantities that would be bought at those prices. The relationship is always a negative one, this implies that an increase in price will lead to a decrease in the quantity demanded. This negative relationship is represented in the downward slope of the consumer demand curve. Take for instance, if the price of a bag of rice rises from $10 to a price of $20, this is a huge price increase. This increase forces the consumer to demand less of that product at the price of $20 because the new price is more expensive and also very unreasonable for a bag of rice.

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Olegator [25]

Answer:

Trend Analysis

Explanation:

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3 years ago

Pastner Brands is a calendar-year firm with operations in several countries. As part of its executive compensation plan, at Janu

lesantik [10]

Answer:

Compensation expense of $510,000 will be recorded each year 2021-2024

Explanation:

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All the working is made in an MS Excel file and answer is made accordingly. Please find it.

Download xlsx

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3 years ago

John was a high school teacher earning $ 80000 per year. He quit his job to start his own business in pizza catering. In order t

Bingel [31]

Whats the full question??

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3 years ago

What is economic unity

NemiM [27]

Answer:

the state of different areas or groups being joined together to form a single country or organization.

Explanation:

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3 years ago

The average starting salary for graduates at a university is $33,000 with a standard deviation of $2,000. If a histogram of the

maxonik [38]

Answer:

Approximately $37000

Explanation:

A standard normal curve will be used to solve this question since the histogram of the data takes on a mound shape.

The mean salary is $33000 with one standard deviation equalling $2000.

Using the normal curve, 95% of the salary will lie between 2 standard deviation. i.e. $33000+$2000+$2000=$37000

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3 years ago