1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amm1812
3 years ago
12

Which statement illustrates the law of demand?

Business
1 answer:
melamori03 [73]3 years ago
3 0

Answer:

Option (c) is correct.

Explanation:

Law of demand states that the price of the commodity and the quantity demanded of that commodity are negatively related to each other. This means that as the price of the commodity falls then as a result the quantity demanded for that commodity increases.

Therefore, the consumer will buy more sticks when the price of sticks falls from $2 to $1.

You might be interested in
COLORADO HAS A STATE INCOME TAX OF 4.63% ON ALL INCOME AND A SALES TAX OF 2.9%. ARE THESE TAXES PROPORTIONAL, PROGRESSIVE, OR RE
aalyn [17]

Answer:

Progressive because It is a tax in which the tax rate increases as the income increases.

3 0
3 years ago
Aisletton, an electronic gadgets manufacturer, organizes its workforce into various departments based on the service the departm
patriot [66]

Answer: Product departmentalization

 

Explanation: In simple words, product departmentalization refers to a process in which an organisation puts all the activities related to a project under a single manager. All the activities relating to that product will be performed in that separate department.

In the given case. the organisation is dividing all their products in separate departments. Hence we can conclude that they most likely follows product departmentalization.

8 0
4 years ago
If the amount of "Cost of goods manufactured" during a period exceeds the amount of "Total manufacturing costs for the period, t
Ilya [14]

Answer:

3. ending work in process is less than the amount of the beginning work in process inventory.

Explanation:

As we know that

Manufacturing cost = Cost of Goods Manufactured - Direct Labor - Direct Materials Used + Ending balance of Work-in-Process Inventory - the Opening balance of  Work-in-Process Inventory

And, the Manufacturing cost involves both cost i.e direct material and direct material used

If the cost of goods manufactured more than the total manufacturing costs, so automatically ending WIP inventory should be less then the beginning WIP inventory

6 0
3 years ago
(Economics)How is the equilibrium price found using a supply and demand graph
ohaa [14]

On a graph, the point where the supply curve (S) and the demand curve (D) intersect is the equilibrium. ... At any other price, the quantity demanded does not equal the quantity supplied, so the market is not in equilibrium at that price.

7 0
3 years ago
Objecting to an action on the grounds that once it's taken, it will lead to similar but less desirable actions until some atroci
Basile [38]

Answer:

Option B is correct one.

<u>Slippery Slope</u>

Explanation:

A slippery slope argument, in logic, critical thinking, political rhetoric, and case-law, is often viewed as a logical fallacy in which a party asserts that a relatively small first step leads to a chain of related events culminating in some significant effect. Objecting an action using the argument that once it has been taken, it will lead to similar but less desirable actions.

7 0
4 years ago
Other questions:
  • GDP calculated via factor payments includes: a consumption, investment, and government. b wages, interest payments, rent, and pr
    12·1 answer
  • Rex's Wrecks purchased $150,000 in new equipment during the current year. Rex used Section 179 to expense the maximum amount of
    6·1 answer
  • Link each account to the right financial statement that it belongs to Question 3 options: Depreciation Cost of goods sold Fixed
    11·1 answer
  • The most immediate impact of rising inflation is
    13·1 answer
  • On January 1, 2017, Smeder Company, an 80% owned subsidiary of Collins, Inc., transferred equipment with a 10-year life (six of
    15·1 answer
  • Stine Corp.'s trial balance reflected the following account balances at December 31, 2014: Accounts receivable (net)? $21,000 Tr
    9·1 answer
  • Pizza is a product. As you have learned, services are marketed differently. Hypothesize about how the service at your restaurant
    6·1 answer
  • Explain how Nike came to that situation through its expansion strategy
    6·1 answer
  • *Will award Brainliest if right!*
    9·2 answers
  • WWhich 4 list types can be directly imported into QuickBooks Online from Excel?hich 2 features in QuickBooks Online can help a p
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!