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lora16 [44]
3 years ago
13

Refer to Exhibit 3-9. Consumers view X and Y as substitutes. If the price of Y increases as a result of a decrease in the supply

of Y, an economist would expect a movement in the market for X from______________.
Business
1 answer:
Sever21 [200]3 years ago
7 0

Answer:

Increase in Demand , Increase in Equilibrium Price & Equilibrium Quantity

Explanation:

Demand i.e buyers ability & willingness to buy, has a factor affecting : 'Price of Other Goods - Substitute Goods', which can be inter changeably used. Substitute goods' price & quantity are directly related because- rise in price of a good makes other good relatively cheaper & increases latter's demand and vice versa.

Similarly, If X & Y are substitutes - Increase in price of Y makes it relatively expensive, reduces its demand & increases X demand by making it  relatively cheaper (shifts demand curve rightwards).

Increase in X demand  & rightward shift in demand curve creates Excess Demand, causing competition among buyers & increasing EquilIbrium Price & equilibrium quantity at new equilibrium.

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XYZ Zippers, Inc. wants to develop a new sales system that account executives can access over the Internet with a back-end custo
DanielleElmas [232]

Answer:

A programmer, a web designer, and a data analyst.

Explanation:

The programmer creates the sales system application. He will integrate key functionalities in the new software that will meet the companie's unique need.

The we designer will create a website that will give easy access to the newly developed sales system application. This will also involve content creation and user interface creation.

Data analyst will be in charge of managing client's data. Making sure data is secure and in a form that can be easily accessed and used.

5 0
3 years ago
Shiva returns goods worth Rs.2000 and received cash Rs.8000 ?​
Reika [66]

Answer:

When goods were sold to Shiva :

Shiva A/C   Dr   Rs.10,000

   To Sales A/C    Rs.10,000

(Being goods sold to Shiva)

When goods are being returned by Shiva :

Sales Returns A/C   Rs.2000

   To Shiva A/C   Dr    Rs.2000

(Being goods returned by Shiva)

When Cash is received from Shiva :

Cash A/C  Dr    Rs.8000

  To Shiva A/C   Rs.8000

(Being Cash received from Shiva)

HOPE THIS HELPS!!!

MARK IT AS BRAINLIEST!!!

6 0
3 years ago
Identify whether the statements below are true or false by dragging and dropping the appropriate term into the bin provided.
Tema [17]

<u>Solution and Explanation:</u>

1. False-   Long run Economic growth is likely to be sustainable because of finite natural resources as othe man made resources will be available to sustain growth.  

2. False-    In mordern economy posesing few natural resources will not affect a country to develop economically; human resources and man made resources will also contribute. Foreign trade can also play an important role towards growth, in the absence of abundant natural resources.

3. True-   Natural resources are vital, and mostly exhaustible. Hence it is very essential to find suitable alternatives.

4. False- Economies of 21st century depend on human capital due to depletable atural resources.

5. True - In the 19th century, minerals and farming land were the most mportant resources, since self sustainability was in vogue.

7 0
3 years ago
The accounting process begins with: Multiple Choice Analysis of business transactions and source documents. Preparing financial
Kitty [74]

Answer:

The accounting process begins with Analysis of business transactions and source documents

Explanation:

The Accounting process begins by<em> identifying the transactions and events</em> that occurred in the business.

After identification, the events and transactions have to be<em> recorded in appropriate Account</em> using the <em>proper books of entry</em>.

A list of Balances known as the <em>Trial Balance</em> is then computed when the Accounts are closed.

The Trial Balance is then used <em>to prepare financial statements</em>.

Financial Statements are then <em>Analysed</em> to assist various stakeholders and users of financial statements to <em>make decisions</em>.

6 0
3 years ago
Read 2 more answers
A perpetual bond with a par value of $1,000 and a coupon rate of 7.75% has a current market price of $900. What is its yield to
photoshop1234 [79]

Answer: e. 8.61%

Explanation:

This is a perpetual bond so the price is calculable by;

Price = Coupon / Yield to Maturity

Coupon = 7.75% * 1,000

= $77.50

900 = 77.50/ YTM

900 * YTM = 77.50

YTM = 77.50/900

= 8.61%

6 0
3 years ago
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