Answer:
The correct answer is letter "D": An increase in the number of consumers in the market for tablet devices.
Explanation:
Several factors can make the quantity demanded of a product increase. Mainly, <em>when the price of that good or service decreases the quantity demanded increases</em> (demand theory). However, there are some other factors such as the increase of the same product consumers in the market, who will directly ask for the good or service.
Answer:
Tbh I myself want to start one but I am scared. Any tips on how to start... and how it works?
Explanation:
In a free market system, decisions about what and how much is produced are made by the producer.
<h3 /><h3>What is a Market?</h3>
A market is a place where buyer and seller. They exchange goods and services, for a barter or for an agreed price.
Free market system is a type of market which is ideal for the seller, as there is less intervention by the government, also the property is private, the seller have the choice to make decisions. There is competition also which makes it an ideal market for the buyer too.
The autonomy is with the seller about setting the prices and other business matters which enables good interest and motivation for the seller/ the owner of the business/ the participant in the free market.
In a free market it is the choice of the producer to take decision about what and how much of the produced is to be made.
Learn more about Free Market at brainly.com/question/27153904
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Answer:
The correct answer is letter "D": perfectly elastic.
Explanation:
Perfect Competition is a theoretical market system where competition is at its highest level as possible. Perfectly competitive markets are characterized by:
- <em>All companies offer an equivalent product.</em>
- <em>All companies are price takers.</em>
- <em>All companies have a fairly small market share.</em>
- <em>Buyers have full quality and pricing knowledge.</em>
- <em>The company has low barriers or no barriers to entering and leaving an industry
.</em>
<em>Plotted in a graph, perfectly competitive goods have a horizontal curve. This is because at any given price any quantity can be demanded. Thus, the curve of perfectly competitive firms is </em><u><em>perfectly elastic</em></u><em>.</em>
Answer:
$5600
Explanation:
The amount of depreciation expense for year 1
depreciation under the first year under units of activity method
[ (cost - salvage value) / estimated machine hours ] * actual machine hours worked in the first year
= [(70000 - 14000) / 40000 ] * 4000
= 56000 / 40000 ) * 4000
= 1.4 * 4000 = $5600 ( amount of depreciation expense for year 1 )