All categories

2 years ago

Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:

Business

1 answer:

ladessa [460]2 years ago

6 0

Answer:

e.people will not change the quantity of the good when the price of the good is changed.

Explanation:

When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.

Goods with perfect inelasticity usually have no or little close subsituites.

I hope my answer helps you

You might be interested in

If the signaling theory of education is correct;

Snezhnost [94]

Answer:

C. workers with more years of formal schooling are less likely to be affected by ability, effort, and chance.

Explanation:

The signalling theory in education tells us that employees send "signals" to their employees regarding their education. In other words, employers are willing to pay higher wages to employees with additional years of formal schooling.

This means these qualified workers have their wage primarily defined by their education level, which does not always reflect their true skill-set (the output of ability and effort).

5 0

2 years ago

An example of an institutional coi is: the organization gives scholarships to some post-doctoral researchers an industry sponsor

blagie [28]

An example of an institutional COI would be one of the organization's deans is the vice-chair of the organization's irb
The organization's irb (institutional review board) is established to make sure that the institution protect the rights and welfare of every people that involved in the Organization. If the Dean is a member of the IRB, he can basically pass every misconduct that would tainted the organization

3 0

2 years ago

Read 2 more answers

Coffman Company sold bonds with a face value of $1,080,000 for $1,020,000. The bonds have a coupon rate of 9 percent, mature in

Neko [114]

Answer:

Coffman Company

Journal Entries:

January 1 - Sale of Bonds

Debit Cash Account with $1,020,000

Debit Bonds Discount with $60,000

Credit Bonds Payable with $1,080,000

To record the sale of 9% bonds at a discount.

June 30:

Debit Interest on Bonds with $48,600

Credit Cash Account with $48,600

To record payment of interest on June 30.

Explanation:

1. Bonds as a financing source can be issued at par value, premium, or discount. It is issued at a discount when the interest rate is less than the market rate. The purpose of issuing them at a discount is to attract investors to purchase the bonds, which will be repaid at the par value.

2. Interest for the half-year was calculated as follows: $1,080,000 x 9%/2 since the interest is payable semiannually. This implies that the effective semiannual interest rate is 4.5%.

3 0

3 years ago

What is one advantage of buying a used car instead of a new car?

sukhopar [10]

Ok so one of the biggest advantages would be a lower price but not only that if it is a newer car you wont have to pay the newer car fees you basically avoid them.

3 0

3 years ago

Alpha Enterprises currently operates 8 warehouses and holds a total inventory of 3,600 units. They want to reduce their inventor

murzikaleks [220]

Answer:

4 warehouses

Explanation:

Total warehouse = 8

Total inventory = 3,600 units

Units per warehouse = Total inventory /Total warehouse

Units per warehouse = 3,600 / 8

Units per warehouse = 450

Now, Alpha Enterprises wants to reduce their inventory to 1,800 units, the number of warehouse should then be:

= 1,800 units / 450 units

= 4 warehouses.

7 0

2 years ago