All categories

3 years ago

The law of demand states that price and quantity demanded are weakened by:

Business

2 answers:

DanielleElmas [232]3 years ago

8 0

Answer:

The correct answer is letter "B": negatively related, ceteris paribus.

Explanation:

The demand law explains the <em>negative relationship</em> between the price and the quantity demanded of a good or service. <em>If the price increases, the quantity demanded decreases, moving the demand curve to the left. If the price decreases, the quantity demanded increases, moving the demand curve to the right</em>. All of this can happen if the rest of the factors remain constant or <em>ceteris paribus</em>.

FrozenT [24]3 years ago

6 0

Answer: Negatively related, ceteris paribus.

Explanation:

The Law of Supply and Demand holds that as the Price of a good DECREASES, the Quantity Demanded of that same good INCREASES ceteris paribus (all else being held constant).

This is why the Demand Curve slopes DOWNWARDS.

The lower the price, the more the demand.

In the graph I attached you can see how the Demand Curve slopes down showing that the lower the price, the higher the Quantity Demanded.

You might be interested in

On January 1, 2012, Piper Co., purchased a machine (its only depreciable asset) for $600,000. The machine has a five-year life,

kirza4 [7]

Answer:

Piper should report $308,000 as net income for the year . Option C

Explanation:

Accumulated Depreciation till 2014 = [$600,000×(5+4+3)] ÷ 15 = $ 480,000

Book Value at beginning 2015 = $600,000 - $480,000 = $120,000

Depreciation Expense in 2015 = $120,000 ÷ 2 = $60,000

Net Income before depreciation & taxes = $ 500,000

Depreciation = $ 60,000

Electronic Benefits Transfer = Net Income before depreciation & taxes - Depreciation

= $ 500,000 - $ 60,000

=$ 440000

Tax Expenses = $440,000 × 30% = $132,000

Net Income =$ 308,000

4 0

3 years ago

I want to know about starting my own business or franchise can you help me get started thsnk you. Dennisomalley

Harrizon [31]

A franchise business can be started with purchasing a franchise rights, these rights are usually sold by chain businesses however there are some small businesses who also provide franchise.

<h3 /><h3>What is a Franchise?</h3>

A franchise is a legal right to run the operations of a business under the same name, however there are some factors that needs to be maintained these factors are mentioned in the agreement and must be met by the franchisee at all times.

In return for the franchise there is a lump sum payment which entitles the acquirer/ franchisee for the use of legal name of that business, also these rights are for a certain number of years.

For the duration of the franchise agreement the franchise owner is responsible for all the advertisement expenditure.

When starting a new business it is recommended that a franchise is acquired if they have no past experience of the business.

Learn more about Franchise at brainly.com/question/27158354

#SPJ1

5 0

2 years ago

At the high level of activity in November, 12000 machine hours were run and power costs were $20000. In April, a month of low ac

Salsk061 [2.6K]

Answer:

$6,500

Explanation:

For computing the estimated fixed cost, we have to determine the variable cost per hour which is shown below:

Variable cost per hour = (High power cost - low power cost) ÷ (High machine hours - low machine hours)

= ($20,000 - $11,000) ÷ (12,000 hours - 4,000 hours)

= $9,000 ÷ 8,000 hours

= $1.125

Now the fixed cost equal to

= High power cost - (High machine hours × Variable cost per hour)

= $20,000 - (12,000 hours × $1.125)

= $20,000 - $13,500

= $6,500

4 0

3 years ago

Lemony Company made sales of $ 32 comma 200 million during 2018. Cost of goods sold for the year totaled $ 12 comma 880 million.

Aleksandr [31]

Answer:

Gross profit is 60%

Inventory turnover is 4.6 times

Explanation:

The formula to compute the gross profit percentage is shown below:

= (Gross profit ÷ sales) × 100

where,

Gross profit = Sales - the cost of good sold

= $32,200 million ÷ $12,880 million

= $19,320 million

And, the sales is $32,200 million

Now put these values to the above formula

So, the percentage would equal to

= ($19,320 million) ÷ ($32,200 million) × 100

= 60%

The formula to compute the inventory turnover is shown below:

= (Cost of goods sold) ÷ average inventory

where,

Average inventory = (Beginning inventory + ending inventory) ÷ 2

= ($1,200 million + $1,600 million ) ÷ 2

= $900 million

And, the cost of good sold is $12,880 million

Now put these values to the above formula

So, the turnover would equal to

= $12,880 million ÷ $2,800 million

= 4.6 times

7 0

3 years ago

Interest is defined as

maks197457 [2]

Answer:

in·ter·est

/ˈint(ə)rəst/

Learn to pronounce

See definitions in:

All

Commerce

Law

noun

the state of wanting to know or learn about something or someone.

"she looked about her with interest"

Similar:

attentiveness

undivided attention

absorption

engrossment

heed

regard

notice

scrutiny

curiosity

inquisitiveness

enjoyment

delight

Opposite:

boredom

money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

"the monthly rate of interest"

Similar:

dividends

profits

returns

a percentage

Explanation:

3 0

3 years ago

Read 2 more answers