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3 years ago

Select an answer which correctly completes the following statements.

Business

1 answer:

madam [21]3 years ago

8 0

This question is incomplete and below is the updated version

Select an answer which correctly completes the following statements.

a. A decrease in real GDP causes a (...) the money demand curve demand curve.

b. An increase in technology which makes it easier to pay for goods and services without carrying lots of cash causes a (...) the money demand curve.

c. A decrease in interest rates causes a (...) the money demand curve.

d. An increase in the aggregate price level causes a (...) the money demand curve.

Answer:

a. A decrease in real GDP causes a (leftward shift of )the money demand curve.

b. An increase in technology which makes it easier to pay for goods and services without carrying lots of cash causes a(leftward shift of)the money demand curve.

c. A decrease in interest rates causes a (movement along)the money demand curve.

d. An increase in the aggregate price level causes a (rightward shift of)the money demand curve.

Explanation:

a. A decrease in real GDP leads to reduction in the demand for money and the contraction of the economy and thus causes a (leftward shift of )the money demand curve.

b. An increase in technology which makes it easier to pay for goods and services without carrying lots of cash leads to a reduction in the desire to hold money and causes a(leftward shift of)the money demand curve.

c. A decrease in interest rates leads to higher desire to hold wealth as there is less incentive to invest or save and this causes a (movement along) the money demand curve.

d. An increase in the aggregate price level causes a greater demand for money and a (rightward shift of)the money demand curve.

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Cynthia works at an engineering firm in Arizona that installs transmission lines and works with the electrical systems of buildi

mrs_skeptik [129]

Answer:

business market

Explanation:

Based on the information provided within the question Cynthia's organization targets the business market. This is defined as the market in which a product/service is sold to another business/company/entity and they either use daily, resell or use for production. Which in this scenario Cynthia is an engineer installing electrical systems which her clients will use for daily usage.

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6 0

3 years ago

Assume that in 2015, the first edition of a comic book was sold at auction for $1,905,000. the comic book was originally sold in

sladkih [1.3K]

Time =2,015−1,941=74 years

Annual increase=(1,905,000÷0.7)^(1÷74)−1=0.2217×100=22.17%

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4 years ago

You must decide between $25,000 in cash today or $30,000 in cash to be received two years from now. If you can earn 8 percent in

Anna71 [15]

Answer:

The deal to receive $30000 is better.

Explanation:

To find the better deal we need to calculate the present value of $30000 and then compare it with the amount $25000. If the amount is greater than the $25000, then the amount should be received after the 2 years.

The given time period (n )= 2

Interest rate (r ) = 8%

The amount received after 2 years = $30000

$\text{Present value of money} = \frac{Future \ value}{(1 + r)^n } \\= \frac{30000}{(1+0.08)^2} \\= $25720.16$

Since the amount is more than $25000 so the deal to receive the money after 2 years will be better.

5 0

3 years ago

Monopoly manufacturer faces two types of consumers. The first type has a relatively flat, linear demand curve. The second type

Vikki [24]

Answer:

In both cases, the correct answer is the option 2: high price and low quantity.

Explanation:

First of all, if the company has the ability to choose the price and quantity of the goods that it produces then it always should prefer to charge the higher price as possible with the lowest quantities of the goods.

Secondly, in the first case, where the consumers have a relatively flat, linear demand curve then it does not matter how much the company charges the good due to the fact that the consumer will always demand the same quantity and therefore if the price if high the amount is the same if the price is low because the demand curve is flat.

Finally, in the second case, where the consumers have a relatively steep, linear demand curve then if the price is high the quantity will be low and if the price is low the quantity will be high, therefore that the company should choose to charge a high price and for instance the quantity will be low due to the fact that the demand curve is steep.

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3 years ago

When a new product or service is launched, companies that use a ______ strategy will attempt to attract customers quickly by off

marysya [2.9K]

Answer:

Penetration strategy

Explanation:

Penetration strategy is an aggressive marketing concept that seeks to establish a sizeable market share for a new product. Marketers will offer a low price and carry out sales promotions to improve the attractiveness of the product. The objective of this strategy is to entice customers to buy the new product, thereby creating a market for it.

The penetration strategy will work if consumers are price sensitive. The new low price will attract sales. If the company raises the price later to make profits, demand may decrease. For this strategy to work, the product must be of high quality. Competitors may lower prices of their products in the medium term giving rise to price wars.

4 0

4 years ago