The law of demand implies that consumers will, all other things unchanged, buy more at lower prices.
One of the most fundamental ideas in economics is the law of demand. The law of demand explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply. According to the law of demand, the quantity bought varies inversely with the price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens. In other words, consumers utilise the initial units of an economic good they buy to fulfil their most pressing requirements first, and they use the subsequent units to fulfil progressively lower-valued goals.
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Answer: To understand how businesses need money and how they can sustain themselves for a period of time to fund bills and still operate
Explanation:
Understanding the relationship between cash conversation cycle and contemporary business executive aims at knowing the business needs funds to operate and building strategic alliances, make money and propose ideas that will sustain and elevate it's strength for some time. Money is vital in running business operations, as organizations will foot bills and do some expenditure and sought out ways to earn more business.
Answer:
C. a government plan that provides monthly payments to people upon retirement
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Answer:
B. Legal rules must always be upheld to the letter without exception if law and order are to be maintained.
Explanation:
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Answer:
The woman will receive $ 4,171.96 per year.
Explanation:
We need to determinate the PTM of a 15 years' ordinary annuity which present value is 30,000 discounted at 11%
PV $30,000.00
time 15
rate 0.11
C $ 4,171.957