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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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Why might the unemployment rate underestimate the underutilization of labor​ resources? The unemployment rate might underestimat
DaniilM [7]

Answer:

marginally attached staff and​ part-time staff that hope on getting​ full-time jobs

6 0
3 years ago
Havermill Co. establishes a $330 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
slavikrds [6]

Answer: a) Debit to Office Supplies for $81.

Explanation:

Office Supplies of $81 were used in the month of September. When replenishing the fund, this asset will be accounted for by being debited and cash will be credited to reflect the reason the cash account is being reduced.

The Journal entry for the replenishment will be;

DR Office supplies Account ......................................$81  

DR Merchandise inventory Account ........................$153  

DR Misc. expense Account........................................ $30  

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5 0
3 years ago
Which of these does not fall under the "marketplace" umbrella?
Goshia [24]
Stock market is the market where buyers and sellers come together to make deals with stocks of companies.
E-commerce is a market that is present in the cyberspace or in the internet
Physical place of business are businesses that have physical store fronts or offices such a supermarket.
The answer is
4. taxation
3 0
3 years ago
Jane and Brad both produce nuts and coffee. They each prefer to consume a diet that is half nuts and half coffee. Both have acce
vfiekz [6]
D. Bras has an absolute advantage in coffee and jane has an absolute advantage in nuts
4 0
3 years ago
Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football
natita [175]

Answer:

Find the answers in the explanation section below

Explanation:

The return on equity for each of the partners and the firm in total is the net income for the year divided by average capital invested in the business in the year.

Average capital or equity is the beginning balance plus ending balance divided by 2:

Hockey LP:

Annual net income is $36,664

average equity=($345,000+$381,664)/2=$363,332

return on equity= $36,664/$363,332 =10.09%

Football LP:

Annual net income is $751,612

average equity=($1,414,500+ $2,046,112)/2=$1,730,306

return on equity=$751,612/$1,730,306 =43.44%

Rugged sports:

Annual net income is $788,276

average equity=($1,759,500+ $2,427,776)/2=$2093638

return on equity=$788276/$2093638 =37.65%

6 0
3 years ago
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