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BigorU [14]
3 years ago
14

"According to the law of demand, with everything else being equal, the quantity demanded for a good or service will ____________

_ as the price increases."
Business
1 answer:
m_a_m_a [10]3 years ago
5 0

Answer: Decrease

Explanation:

According to the Law of  Demand, The quantity demanded for purchase of a commodity inversely varies with the price.

That is to say that "ceteris paribus" ( with everything being equal),When the prices of a particular good go higher, people will buy less of such commodity but will buy more, if the prices of the goods reduces.

We can say demand is elastic if quantity demanded for a commodity decreases with increase in price which will make people choose another  lower substitute good eg, detergent, ice cream

Also if  quantity demanded does not change much with increase in price , then it is referred to as Inelastic Demand  for example necessity commodity such as gasoline.

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Bao has been notified by his electric company that his rates are going up on his graduated fee schedule. He currently pays?
Salsk061 [2.6K]

Bao has been notified by his electric company that his rates are going up on his graduate fee schedule. he currently pays $81.

Baozi (Chinese: 包子), or bao, is a form of yeast-leavened crammed bun in diverse Chinese cuisines. there are numerous variations in fillings (meat or vegetarian) and arrangements, even though the buns are most usually steamed. they're a version of mantou from Northern China. Baozi.

The Bao ('bun') developed in Chinese language subculture as a filled form of 'Mantou,' a plain steamed dumpling that is frequently compared to bread. The story in the back of this steamed pride explains not just its particular form, but purchase why its improvement into Baos (or ) was the sort of herbal one.

Bánh bao (literally "dumplings") is a Vietnamese bun primarily based on the Cantonese da bar added to Vietnam through Cantonese immigrants. it is a ball-formed bun containing red meat or fowl meat, onions, eggs, mushrooms, and greens, in Vietnamese delicacies.

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5 0
2 years ago
Financial managers should strive to maximize the current value per share of the existing stock to:_____.
My name is Ann [436]

Financial managers should strive to maximize the current value per share of the existing stock to  represent the interests of the current shareholders.

<h3>What is the functions of the Financial managers?</h3>

Financial managers can be described as the type of managers that are  responsible for the financial health of an organization.

They help in the  creation of the  financial reports as well as  directing investment activities, and develop plans , hence Financial managers should strive to maximize the current value per share of the existing stock to  represent the interests of the current shareholders.

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6 0
2 years ago
Assume for a perfectly competitive firm, the market price of one box of tissues is $2. What is the marginal revenue when sales i
trapecia [35]

Answer:

The marginal revenue = $2

Explanation:

Firstly we calculate the value in dollars for the number of boxes sold

For 100 boxes, we have 100 * 2 = $200

For 200 boxes, we have 200 * 2 = $400

Mathematically, the marginal revenue = (cost of 200 boxes- cost of 100 boxes)/difference in quantity

= (400-200)/(200-100) = 200/100 = $2

Thus affirms the fact that for a perfectly competitive firm, marginal revenue MR = P (price)

8 0
3 years ago
Abroad Standard, Inc. (ASI) Abroad Standard, Inc. (ASI), sells its products through the Internet. Erica is one of the biggest bu
UkoKoshka [18]

Answer:

D. customer service

Explanation:

Erica has kept on doing business with Abroad Standard, Inc. on a consistent basis which shows that she has overtime, gained satisfactory levels of dealings and thus, kept dealing with the said company. Customer service is thus, not one of the environmental forces that ASI needs to be mindful of with regard to the use of technology.

7 0
3 years ago
"Quail Co. can further process Product B to produce Product C. Product B is currently selling for $60 per pound and costs $42 pe
Lapatulllka [165]

Answer:

$22 per pound

Explanation:

The computation of the differential revenue of producing and selling Product C is shown below:

= Sale value per pound of product C - Sale value per pound of product B

= $82 per pound - $60 per pound

= $22 per pound

By subtracting the Sale value per pound of product B from the Sale value per pound of product C we can get the differential revenue and the same is shown above

6 0
3 years ago
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