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Zigmanuir [339]
3 years ago
10

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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Answer:

Trend Analysis

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Trend analysis pertains to categorizing and assigning statistical prototypes that indicate labor demand for the next business year. That is, forecasting your future labor need from past experience and statistical data. This gives Sasha a reasonable objective statistics from the past 3years which she will base her forecast on for the next year. These statistics are also called leading indicators. In this technique. Sasha is utilizing trend analysis to anticipate labor demand.

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

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

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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
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6 0
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What is economic unity
NemiM [27]

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

Explanation:

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

Approximately $37000

Explanation:

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