Answer:
Demand curve will shift to the right, the prices will increase.
Explanation:
An increase in the income of the consumer of will cause the demand curve of the consumer to shift to the right. This rightward shift in the demand curve will cause the demand curve to intersect the supply curve at a higher point.
As a result, the equilibrium price level and the equilibrium quantity will increase. A decline in the income, on the other hand, will cause both quantity and price to decline because of a leftward shift in the demand curve.
As used in government accounting, expenditures are decreases in net assets. Hence, option A is correct.
<h3>What is
net assets?</h3>
The net assets are the total assets of the company minus the liability of the company, which is the basic calculation of the net assets. It is calculated at the time of preparing a company's balance sheet, and for this purpose, the person has to calculate the trading and profit and loss of the company.
Net assets are considered the equity of the company, and it is the retained earnings of the company. The corporation retains its profits and does not disperse them to the owners. Profits are retained in the company to support its expansion.
Thus, option A is correct.
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Answer:
D. A competitive market with a few dominant firms producing substitutes
Explanation:
E book market has<u> few dominant firms</u> - Amazon, Apple.
Their e - book selling digital services have uniquely different features from each other. They serve similar nature of good ie e books contests. So, the digital services rendered by firms are <u>substitute</u> of each other.
Providing substitute goods, firms <u>compete </u>with each other.
As per technical economic terminologies : this market structure is analogous to Oligopoly market structure.
Answer: it is the only seller of a unique product and barriers to entry prevent other sellers from entering the market in the long run.
Explanation:
A pure monopoly is referred to as a single supplier of a particular product in an industry. In such market, there no no substitute exists and such firms usually have a large market share.
They are price makers, profit maximizer, discriminate on prices and have a high barriers to entry. Due to their economies of scale, they prevent other sellers from entering the market in the long run.
Answer:
The correct answer would be, 10 Persons.
Explanation:
If there are 1000 people in the Big Bucks lottery and there is a 1 percent chance of winning 10 dollars prize if all 1000 people buy the lottery ticket of 10 dollars. If every person buys 10 dollar lottery ticket, then the chances of winning people would be calculated as follows:
Total number of People = 1000
Chances of winning the lottery = 1%
So How many people would win 10 dollar lottery = 1000 * 1%
= 1000 * 0.01
= 10 People.
So there are chances that 10 out of 1000 people will win the lottery.
