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3 years ago

2. Explain what happens to the demand curve

Business

1 answer:

astraxan [27]3 years ago

5 0

Answer:

The law of demand states that consumers will request more of a product if its price decreases. For supplement goods, an increase in the price of one will increase demand for the other. The demand curve for apples will react as follows.

Explanation:

A). More people begin to prefer apples to oranges.

Should peoples' preference change to apples, the demand for oranges will decrease while that of apples will increase. The demand curve is downward sloping. If demand increases, the demand curve will shift to the right. It is also referred to as moving outwards. In this case, the demand curve for apples will shift to the right.

B) The price of peaches rises (because peaches are a substitute for apples).

Substitutes imply a good can be used in place of another. If the price of a substitute increases, it demands decreases. The demand for the substitute good will go up. An increase in the price of peaches will increase the demand for apples. As a result, the demand curve will shift outwards. In other words, shift to the right.

C. People's incomes rise (and apples are a normal good).

Demand for normal goods increase as the people's income rises. More people will afford to buy apples. If people are now earning more, the demand for apples will go up. The demand curve will shift to the right to indicate a surge in demand.

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Tara Potter is a marketing consultant for Top Research Inc., and often recommends ______ focus groups, which are more convenient

9966 [12]

Answer:

A, online

Explanation:

Online focus groups give rooms for a wide range of data collection as the internet has made the whole world a (global) village. This means that the whole world is connected without having to be physically present in every part of the world.

For Tara Potter to be able to gather enough data to help with her research, the online focus groups are the best places to gather such data as she has access to a lot of people from diverse geographical locations, thereby saving her the stress of going around various geographical area.

Cheers.

7 0

4 years ago

Dove Corporation, a calendar-year C corporation, had the following information for 2019:

elixir [45]

Answer:

$1,032,260

Explanation:

Dove's unappropriated retained earnings balance as of December 31, 2016 = Unappropriated retained earnings balance on January 1, 2016 + Net income - Dividends distributions.

= 796,010 + 386,250 - 150,000.

= $1,032,260

Unappropriated retained earnings balance of Dove corporation as on December 31, 2016 is $1,032,260

3 0

4 years ago

Assume the following information pertaining to Cub Company: Prime costs $195,000 Conversion costs 221,000 Direct materials used

LuckyWell [14K]

Answer:

cost of goods manufactured= $323,000

Explanation:

Giving the following information:

Conversion costs 221,000

Direct materials used 85,000

Beginning work in process 98,000

Ending work in process 81,000

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

Conversion costs= direct labor + allocated overhead

cost of goods manufactured= 98,000 + 85,000 + 221,000 - 81,000

cost of goods manufactured= $323,000

6 0

3 years ago

A flower delivery business wants to raise their overall sales volume to increase profit. After analyzing their costs, they choos

Mrac [35]

Answer:

C) By lowering the price of the flower arrangements to increase demand.

Explanation:

According to the law of demand, the lower the prices, the higher the quantity demanded and the higher the price ,the lower the quantity demanded.

When prices are reduced, demand increases, revenue increases and net profit increases.

I hope my answer helps you.

7 0

4 years ago

Company A has 279,000 basic shares outstanding and 26,000 outstanding options and warrants. The exercise price of these options

lesya [120]

Answer:

c. 342,000

Explanation:

Missing question and Multiple Option " & if-converted methods? 305,000, 292,000, 342,000, 345,333"

Proceeds expected if option are exercised = No of outstanding options and warrants * Per share exercise price

Proceeds expected if option are exercised = 26,000 * $3.75

Proceeds expected if option are exercised = $97,500

Number of treasury shares expected to be purchased = Proceeds expected if option are exercised / Average market price per share

Number of treasury shares expected to be purchased = $97,500 / $7.50

Number of treasury shares expected to be purchased = $13,000

Number of new shares issued if conversion is effected = Amount of convertible bonds reported / Effective conversion price per share

Number of new shares issued if conversion is effected = $200,000 / $4

Number of new shares issued if conversion is effected = 50,000

Calculation of the Diluted Share Outstanding

Number of basic shares outstanding 279,000

Add: Number of new shares through options 26,000

Add: Number of new shares through conversion issued 50,000

Less: Number of treasury shares to be purchased (13,000)

Diluted Share Outstanding 342,000

8 0

3 years ago