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
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.

You might be interested in
____ includes the planning, executing, and controlling of all activities involved in raw material sourcing and procurement, conv
seraphim [82]

Answer:

Supply chain management

Explanation:

Managing the supply chain relates to maintaining the day-to-day operations related to the goods and services.  

The goal is to turn the raw material into the finished goods by going through the manufacturing work cycle so that the product is ready to be sold and shipped to the consumer with specified time and exact location.

In turn, it also focuses on achieving a strategic edge and increasing customer satisfaction.

4 0
3 years ago
What Is margin of safety?
skelet666 [1.2K]

Answer:

Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. ... Alternatively, in accounting, the margin of safety, or safety margin, refers to the difference between actual sales and break-even sales

5 0
3 years ago
The charter of Vista West Corporation specifies that it is authorized to issue 209,000 shares of common stock. Since the company
stealth61 [152]

Answer:

209,000 shares

Explanation:

The company is authorized to issue 209,000 shares which represent maximum shares that can be issued. Authorized shares is the maximum number of shares a company can issue and this is stated in the corporate charter.

5 0
3 years ago
if you do not pay the entire credit card bill you are charged a FLAT FEE or an INTEREST on the unpaid part?
Soloha48 [4]
You are charged with flat fee
7 0
4 years ago
A​ company's employee database includes each​ employee's compensation. ​a) is this variable discrete or​ continuous? ​b) what ar
il63 [147K]
<span>A​ company's employee database includes each​ employee's compensation. ​

Part a)

An employees compensation is a continuous variable because it can take fractional values.

Monetary values doest have to be an integer it also takes decimal values.



Part ​b)

The possible values it can take​ on are any value in the interval of compensations for the employee's level.</span>
4 0
3 years ago
Other questions:
  • Whitmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.05 direct labo
    12·1 answer
  • Calculating the Amount for a Home Equity Loan. A few years ago, Michael Tucker purchased a home for $100,000. Today the home is
    6·1 answer
  • A job order cost system uses a predetermined factory overhead rate based on expected volume and expected fixed costs. At the end
    7·2 answers
  • Indy Sport and Hobby's Allowance for Doubtful Accounts had an unadjusted credit balance of $400. The manager estimates that $900
    5·2 answers
  • On January 1, Bargain Company's Valuation Allowance for Trading Investments account had a debit balance of $18,500. On December
    7·1 answer
  • A computer company's yearly inventory cost is 40 percent (which accounts for the cost of capital for financing the inventory, wa
    14·1 answer
  • explain the correlation between human capital education and income and how will this influence your career choice
    11·1 answer
  • What is the current estimate of the number of africans forcibly relocated from africa to the new world?
    11·2 answers
  • Which of the following production costs, if expressed on a per unit basis, would be most likely to change significantly as the p
    14·1 answer
  • What is Universal Perspective
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!