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Butoxors [25]
3 years ago
15

According to the law of supply, assuming other factors are held constant a. as the price of milk increases, the quantity of milk

purchased by consumers will decrease. b. as the price of milk decreases, the quantity of milk supplied will decrease. c. as the supply for milk increases, the price of milk will also increase. d. as the price of milk increases, the quantity of milk supplied will decrease.
Business
1 answer:
My name is Ann [436]3 years ago
8 0

Answer:

C. as the supply for milk increases, the price of milk will also increase

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In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
3 years ago
Kevin bought 265 shares of Intel stock on January 1, 2019, for $76 per share, with a brokerage fee of $165. Then, Kevin sells al
garri49 [273]

Answer:

$2800

Explanation:

To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds

12 DECEMBER 2019

Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell

Gain/loss= ($88 x 265) - $20,305 - $215

Gain/loss= $23,320 - $20,305 - $215

Gain/loss= $2800

WORKINGS

Purchase 1 Jan 2019

265shares x $76per share =  $20,140

Total cost to purchase = $20,140 + $165(brokerage fee)

Total cost to purchase =  $20,305

Cost to sell = $215(brokerage fee)

3 0
3 years ago
Which of the following is a condition necessary to exclude an obligation from current liabilities? Entry field with incorrect an
lutik1710 [3]

Answer:

The answer is: Obligation that has a distant due date exceeding company's operating cycle.  

Explanation:

A current liability is a financial obligation due within one year (or one normal operation cycle).

So a financial obligation that has a due date that exceeds a company´s operating cycle should have been directly classified as a long term liability (or a non current liability) in the first place. It simply is not a current liability that is changed into a long term liability, it always was a long term liability.

The other options represent the steps necessary for turning a current liability into a long term liability.

  1. Intend to refinance the obligation on a long-term basis.
  2. Demonstrate the ability to complete the refinancing.
  3. Subsequently refinance the obligation on a long-term basis.

7 0
3 years ago
The National Income and Product Accounts simultaneously provide data on: (a) production and efficiency; (b) technological progre
Slav-nsk [51]
The answer is either a or c
7 0
3 years ago
Suppose 5,000 discouraged workers begin to look for jobs. In this case the number of people in the work-eligible population will
antiseptic1488 [7]

Answer:

unchanged, higher

Explanation:

The discouraged workers are those workers who can do work but at current they are not employed and are not looking for the work or they are unemployed since long

In the given case, there are approximate 5,000 discouraged workers who are looking for job but the population would remain unchanged and the number of people in the labor force would be risen or high

6 0
3 years ago
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