All categories

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:

<u>A). More people begin to prefer apples to oranges.</u>

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) <u>The price of peaches rises (because peaches are a substitute for apples).</u>

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.

You might be interested in

Mochel Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has e

oee [108]

Answer:

$16,100 favorable

Explanation:

The computation of the direct labor efficiency variance for June is shown below:

= Standard rate × (standard hours - actual hours)

= $23 × (1.3 × 35,000 - 44,800)

= $16,100 favorable

hence, the direct labor efficiency variance for June is $16,100 favorable

The same should be considered and relevant

3 0

3 years ago

The distribution of stock rights to existing common stockholders will increase paid-in capital at the

likoan [24]

Answer:

Date of issuance of rights - No

Date of exercise of the rights - Yes

Explanation:

The distribution of stock rights to existing common stockholders will increase paid-in capital at the date of exercise of the rights.

Actually, Paid in capital increases whenever funds are received. This means on the day the rights are exercised and not when the rights are issued.

4 0

3 years ago

An article in the Wall Street Journal in early 2001 noted two developments in the market for laser eye surgery. The first develo

aleksandr82 [10.1K]

Answer:

Reduced demand and increased supply leading to reduced equilibrium and approximation rates.

And it could also lead to an unpredictable effect or impact on the equilibrium quantities of laser eye surgery.

7 0

3 years ago

Charles and Joan Thompson file a joint return. In 2015, they had taxable income of $98,620 and paid tax of $16,604. Charles is a

Furkat [3]

Answer:

Charles & Joan will be required to make estimated payments for 2016

Estimated payments to be made will be lower of the following

Lesser of 90% of the tax shown on the return (see below) $15,694.00
100% of the prior year tax which is $ 16,604.00

Estimated payments for the year 2016 is shown below

Taxable income for 2016 ($79,500 × $31,500) = $ 111,000

Tax @ 15% upto $75,300 = $8,512.50

Tax @ 25% ($111,000 - $75,300) = $8,925.00

Estimated 2016 tax liability $17,437.50

90% of estimated tax liability $15,694.00

It can be seen from above, that they have to pay $ 15,694 as it is lesser than $16,604

Tax withholding already done in 2016 = $11,594.00

Balance tax to be paid - Difference between the liability and withholding = $4,100.00

The additional tax to be paid is $ 4,100

3 0

3 years ago

1. candidate recalls all the good things he has done, omitting facts that would justify his defeat debating team 2. impression t

ehidna [41]

The question is not properly organised and is asking what the following action means, see below proper sequence:

1. A candidate recalling all the good things he has done, and omitting facts that would justify his defeat debating team is called (…).

2. Giving the impression that everyone is involved so the listener would feel the "danger" of missing out is (…).

3. An organized group that competes with others in the art of debate is (…).

4. Without any danger of error; basing actions on the truth is (…).

5. To inform and make known the opinions and feelings of oneself is (…).

Answer:

1. card-stacking

2. bandwagon

3. a debating Team

4. factually

5. propagandizing

5 0

3 years ago