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Gnom [1K]
3 years ago
5

g Suppose Phil and Miss Kay are the only consumers in the market. If the price is $12, then the market quantity demanded is Ques

tion 7 options: a) 0 units. b) 2 units. c) 4 units. d) 6 units.
Business
1 answer:
juin [17]3 years ago
6 0

the market quantity demanded is 2 units.

Answer: Option B.

<u>Explanation:</u>

Market quantity demanded is the demand of a particular good that has been made by the consumers in the market which is negatively related to the price of the product.

Since it is negatively related with the price of that product, so with the rise of the price of the product, the quantity of the commodity demanded will decrease with the increase in the price of the commodity and vice versa. For this reason, the graph of this is negatively sloping.

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Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after
Leokris [45]

Answer:

d. those that may be stored and repaired

Explanation:

Durable goods are those goods that are stored and repaired. It is to be considered for the long-lasting so it can be stored. Also it can be repaired when they wear out

For example: mobile phone, table, chair, toys, etc

Therefore as per the given situation, the option d is correct

And, the remaining options are to be considered

3 0
3 years ago
Present value is: a. The future value of a current amount of money evaluated at a given interest rate. b. The current value of a
pogonyaev

Answer:

Explanation:

Present value is calculated as the discounted sum of either a fixed amount or a series of payments in the future, at a given interest rates.

For example, at an interest of 5%, $100 in 10 years will be valued at $100 / 1.05^10 = $61.39 today

3 0
3 years ago
Read 2 more answers
Can someone help me with this please:):)
ratelena [41]

Number 4 bottom answer

Explanation:

I know the first bit which is Total Utility is consumer satisfaction with all consumption for definite.

6 0
3 years ago
Match the example with the business structure that makes sense for it. To match the items, click the example, and then click the
Kazeer [188]

Answer:

Doug and Vanessa- partnership

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I hope this helps someone!!

7 0
3 years ago
Top Breakfast Cereal producers - company name, most current market share, signature
kondor19780726 [428]

Answer:

1. Kellogg Company - 30.1% market share - signature products: Froot Loops, Corn Flakes, Apple Jacks.

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7 0
3 years ago
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