The number of buyers in the market for gardening equipment increases, this will impact the market for gardening equipment by increasing the demand for gardening equipments.
An increase in the price of a good or service always tend to decrease the quantity demanded. A decrease in the price of a good or service will increase the demand for the quantity
Demand is an economic concept which is related to the consumer's desire to purchase goods and services and he is willing to pay a specific price for them.
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Answer:
b both milk and bread are normal goods.
Explanation:
Jessica's demand for bread and milk increased as her income increased. This implies that both milk and bread are normal goods.
A normal good is a good for which demand increases as income rises and demand decreases as income falls.
Answer:
weighted average cost of capital is minimized
Explanation:
Weighted average cost of capital (WACC) in accounting is the average rate of return a company is expected to compensate all its various investors by comparing its debt and equity structure.
The value of a firm is maximized when the weighted average cost of capital is minimized.
The formula to calculate the weighted average cost of capital (WACC) is:
WACC = ((E ÷ V) x Re) + (((D ÷ V) x Rd) x (1 - T))
Where;
Re=Cost of equity
Rd=Cost of debt
E=Market value of equity
D=Market value of debt
T=Effective tax rate
V=Total market value of combined equity and debt
