Answer:
c. The statement is false because the demand for incandescent light bulbs would increase as the price of compact fluor. light bulbs fell.
Explanation:
If improvements in production technology reduce the price of incadescent light bulbs, the normal thing that would happen is that demand for this good would increase, because now people will be able to buy the good at a lower price.
Answer:
Bookkeeping is related to the recording measuring, and finding the financial data of a company and Accounting is the process where in the company's financial data is summarized, and a report is prepared for the same.
Explanation:
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The word that completes the sentence that relates to the suppliers' profit maximized at equilibrium is demand. Demand is related to the consumer. At equilibrium, the supplier's profit is maximized at the same time the consumer's demands are optimized.
Answer:D.both parties to the contract agree on the contract terms
A.bargained-for exchange of value to the parties
C.parties' negotiated understanding of terms and intent that lead to the contract
B. the subject matter of the contract does not violate law or public policy
Explanation:D A C B 1.consideration
D A C B 2.mutal Acceptance
D A C B 3. Legality
D A C B 4. Agreement