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3 years ago

An increase in the price of a product will reduce the amount of it purchased because:

Business

1 answer:

jek_recluse [69]3 years ago

3 0

Answer:

C) consumers will substitute other products for the ones whose price has risen

Explanation:

When prices increase the consumer purchasing power effect and they prefer to substitute the low price product for the one whose price has risen to match their income and expenditure. Higher expenditure will result in the lack of savings. So the correct answer is C) consumers will substitute other products for the ones whose price has risen.

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A supply curve _______.

photoshop1234 [79]

Supply curve shows when quantity increases the price also increases and vice versa

4 0

3 years ago

(TCO E & F) A _____ position in T-bond futures should be used to hedge falling interest rates and a _____ position in T-bond

MariettaO [177]

Answer: The correct answer is LONG; LONG

Explanation: A long position means the holder of the position owns the stock. A long position in a financial insteument means the holder of the position owns a positive amount of the instrument and has the expectation of an increase in value.

A short position refers to when the seller of the financial instrument does not own it.

6 0

3 years ago

An employee quits her job where she has a balance of $10,000 in her qualified plan. The balance was paid out directly to the emp

yawa3891 [41]

Answer:

$8,000, and she has to complete 60 days

Explanation:

Whenever money has to be taken out of the first plan, then it is the requirement of IRA to complete the rollover within 60 days, also the amount to be withheld is 20% this is in the case where the amount is directly paid o the concerned participant. Then the person concerned for such payment has to keep 20%

Here in the instance Total amount = $10,000

20% of such = $2,000

Thus, amount received from the administrator = 80% = $10,000 $\times$ 80% = $8,000

3 0

3 years ago

What gives rise to the problem of scarcity?

horsena [70]

Answer: I honestly have no idea im just stupid and i need points so yea im sry bye

Explanation:

5 0

3 years ago

A lender is willing to provide a loan equal to 80% of a property worth $360,000. If such a loan carries an interest rate of 7.5%

lukranit [14]

Answer:

B) $11,750

Explanation:

annual mortgage payment = net operating income - (outstanding loan balance x loan payment factor)

outstanding loan balance = property value x loan percentage

annual mortgage payment = $40,000 - [($360,000 x 80%) x 0.09809] = $40,000 - ($288,000 x 0.09809) = $40,000 - $28,250 = $11,750

5 0

3 years ago