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olya-2409 [2.1K]
2 years ago
15

If caviar prices doubled, while sales of caviar rose 20%, this example would definitely refute the law of demand. A. TrueB.False

Business
1 answer:
CaHeK987 [17]2 years ago
3 0

Answer: False

Explanation:

The law of demand says that if the price of a commodity increases then its quantity demanded decreases and vice versa. In this question, the price is increase and the sales are also increasing, if all the other factors are constant then this is definitely refuting the law of demand but as the information about other factors is not given, we can not say that this example is definitely refuting the law of demand.

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[The following information applies to the questions displayed below.]
makvit [3.9K]

Answer:

A. Dr Raw meat Inventory 120,000

Cr Cash 120,000

B. Dr Indirect Materials $186,000

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C. Dr Direct Materials $15,000

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Explanation:

Preparation for the journal entries for the above transactions for the month of May.

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Chris wants to open a family-oriented restaurant in a thriving suburban area. Chris thinks a sports-based theme and broad menu w
ella [17]

Answer:

The correct answer is letter "C": competitive barrier.

Explanation:

Competitive barriers represent obstacles for a business to start operations based on what other companies are already providing to the market. The settled companies -competitors- tend to have a preference and market share obtained through years of operations which is a threat for a new company that is looking for attracting consumers.

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2 years ago
Which of the following schools is least likely to receive state tax dollars? A. Liberty Baptist University
bagirrra123 [75]
The least likely to receive tax dollars is Liberty Baptist University because of its religious beliefs.
7 0
3 years ago
Other things the same, when the price level rises, interest rates select one:
laiz [17]
I think its number c, i hope it is
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5 0
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A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarshi
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Answer:

C and D

Explanation:

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