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tester [92]
3 years ago
5

When the price of butter was "low," consumers spent $5 billion annually on its consumption. When the price doubled consumer expe

nditures increased to $7 billion. Recently you read that this means that the demand curve for butter is upward sloping. Do you agree? Explain.

Business
1 answer:
blagie [28]3 years ago
4 0

Answer:

I agree

Explanation:

The demand for butter is increasing as price increases. This means the higher the price, the higher the quantity demanded. This is against the law of demand.

I hope my answer helps you

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Which is the best general statement about the role of government in business in the United States? O A. Government determines wh
NikAS [45]
The answer is B hope that helps
3 0
2 years ago
Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20. Replaced the transmission at a cost
AfilCa [17]

Answer and Explanation:

The Journal entry is shown below:-

March 20

Accumulated depreciation - Delivery Truck Dr, $1,890  

    To Cash $1,890

(Being the replacement of transmission and capitalizing the transmission cost is recorded)  

June 11

Delivery Truck Dr, $1,350  

      To Cash $1,350

(Being the installation of hydraulic lift and capitalization of installation expenses is recorded)  

November 30

Repairs and Maintenance Expense Dr, $55  

       To Cash $55

(Being the payment for changing the oil and air filter is recorded)

4 0
3 years ago
Why is it beneficial for businesses to be stationed in cities?
masya89 [10]
Because there are more buyers of your product and more suppliers for the things you need.
5 0
3 years ago
A pharmaceutical company with headquarters in India sells fluconazole, the generic version of Pfizer's anti-fungal drug Diflucan
amid [387]

Answer:

Pricing strategy to stay competitive

Explanation:

Pricing strategy is the process by which a company sets prices of goods and services offered to a consumer.

In setting up a price strategy the management.of a business need to put into consideration the competitive reaction, pricing position, pricing segment, and pricing capability.

The generic drugs companies in the US are selling fluconazole for a higher price than pharmaceutical company with headquarters in India in the international market.

In order for them to stay competitive they will need to review their price downward or customers will switch to the cheaper option

5 0
3 years ago
Faruq spends all of his income on two goods: tacos and milkshakes. His income is $100, the price of tacos is $10, and the price
ANTONII [103]

Answer:

8

Explanation:

Amount he can spend on tacos = income - total price of milkshakes

total price of milkshakes = 2 x 10 = 20

100 - 20 = 80

quantity of tacos = 80 / 10 = 8

8 0
3 years ago
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