Answer:
A change in quantity demanded is caused by a change in price only. That is, when price rises quantity demanded falls vise versa
A change in demand occurs when there is a shift in the demand caused by a change in other determinates of demand other than price such as change in income, change in taste and fashion, demographic changes etc.
Explanation:
Real word example of change in demand :
Changing Tastes or Preferences
From 1990 to 2020, the per-person consumption of chicken by Americans rose from 48 pounds per year to 85 pounds per year, and consumption of beef fell from 77 pounds per year to 54 pounds per year, according to the U.S. Department of Agriculture (USDA). Changes like these are largely due to movements in taste, which change the quantity of a good demanded at every price: that is, they shift the demand curve for that good, rightward for chicken and leftward for beef.
Simply put it this way> Change in quantity demanded : Price change, quantity demanded change
Change in Demand: Price doesn't change but quantity demanded changes as a result of change in other determinates of demand examples the change in preference
Answer:
Misstatement of age
Explanation:
If the insurance company knows that a person has intentionally lied about his/her age, they will adjust the insurance amount and premium to match the correct age of the insured. E.g. in this case, Lisa will probably be required to pay a higher premium on her policy, and depending on her age, the insurance amount might be lower.
Answer and Explanation:
The identification of the following terms as an accounting principle, assumption or constraint is
1 Business entity = Assumption
2. Measurement = Principle
3 Cost-benefit = Constraint
4 Revenue recognition = Principle
In this way the identification of the accounting terms would be done
The same is relevant too
Answer:
They all help explain the downsloping demand curve
Explanation:
The options to the question wasn't provided. The complete question can be in the attached image.
The demand curve slopes downward from left to right. This indicates that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Income effect is a change in quantity demanded when real income change. Quantity demanded increases when real income increases and decreases when real income falls.
Substitution effect says that consumers would substituite to the consumption of a cheaper good when the price of a good originally consumed increases.
Diminishing marginal utility states that as consumption increases, utility derived from consumption falls and quantity demanded falls.
I hope my answer helps you
Answer:
This question is incomplete since the interest rate is not included and so is the requirement. However, if it asking for the annual contributions Bonnie can make, you can calculate it as shown below and assuming a discount rate of 10%;
Explanation:
Since Bonnie's goal is $300,000, this will be the future value and you can use a financial calculator to solve for recurring deposits (PMT);
Time to retirement; N = 12
Interest rate; I/Y = 10%
Future value; FV = 300,000
One time present cashflow; PV = 0
then compute the recurring deposits; CPT PMT = 14,028.995
Therefore, she will need to contribute $14,029 every year to meet her goal.
