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3 years ago

Are the following movements or shifts along/of the demand curve:

Business

1 answer:

azamat3 years ago

6 0

Answer:

Any movement which is caused by price will be along the demand curve and any other movement caused by non price factors will shift the demand curve.

1) A decrease in the number of consumers is a non price movement so the demand curve will shift leftwards because of it.

2) A change in taste of consumers making them desire more hot dogs is a non price movement and it will shift the demand curve to the right.

3) An increase in the price of hot dogs is a price movement and this will cause movement along the demand curve.

Explanation:

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Read 2 more answers

Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'

SVETLANKA909090 [29]

Answer:

The production range between 1120,000 and 150,000 is called Relevant range

correct option is c) relevant range

Explanation:

given data

normally produces = 120,000 to 150,000 units

to find out

The production range between 1120,000 and 150,000 is called

solution

The production range between 1120,000 and 150,000 is called Relevant range because there are 2 point

if Craft, Inc. need to reduce fixed expenses then production volume is reduce less than 120000 unit

if Craft, Inc. need to increase fixed expenses than production volume is increases more than 150000 unit

and if expected fixed expenses will not change than the production volume is 120000 units to 150000 units

so that production range between 1120,000 and 150,000 is called Relevant range

correct option is c) relevant range

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3 years ago