Change in the price of the good results in the movement along the same demand curve.
Factors other than price results in the shift in demand curve.
A rightward shift in demand would increase the quantity demanded at all prices compared to the original demand curve.
While a left shift indicates decrease in demand.
In the given graph , there is a rightward shift of the demand curve from left to the right ( D1 to D2), Thus we can say that there is an increase in demand.
Answer:
The CPA Practice Advisor
The probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean is:
= 56%
Explanation:
a) Data and Calculations:
Population mean (preparation fee for 2017 federal income tax returns) = $273
Population standard deviation of preparation fees = $100
Mean price for a sample of 30 federal income tax returns = $257 (which is within $16 of the population mean)
z = (x-μ)/σ
z = standard score
x = observed value
μ = mean of the sample
σ = standard deviation of the sample
Z = ($273 - $257)/$100
= 0.16
Using the z-table
P = 0.5636
A likely reason that a company would move its facility from one location to another is that they would like to access various modes of transportation, such as boats and/or railroad.
Stan and Tammy will share the estate in equal shares. You are able to have as many beneficiaries as you name, due to this and no change in the first will, both will be heirs to the estate. If Ruth were to have revoked the first will, then it would have left Tammy the sole beneficiary.
