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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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The investment with higher present value index shows that it generates more net cash flow or in other words, more efficient and requires less initial cash outflow, and thus usually be chosen over the other ones with lower present value index.

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2 years ago
Which of the following conflicts led to an expansion of Presidential foreign policy power?
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In an economy with a population of 100 million persons, 50 million hold civilian jobs and 20 million are not working but are loo
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3 years ago
What process metric is needed by a plant manager who wants to know how long it takes to manufacture a single unit of a product
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Flow time is the time or process needed by a plant manager who wants to know how long it takes to manufacture a single unit of a product

<h3>What is Flow time?</h3>

Flow time is the amount or quantity of duration or time a flow unit use all through a business process from beginning to end, it is also called the total processing time. If there is more than a path all through the process, the flow time is equal to the length of the longest path.

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