1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vagabundo [1.1K]
3 years ago
7

What explains the shape of a demand curve?

Business
1 answer:
lidiya [134]3 years ago
3 0
Demand Curve generally have a negative gradient indicating the inverse relationship between quantity demanded and price. There are at least three accepted explanations of why demand curves slope downwards: The law of diminishing marginal utility. The income effect.
You might be interested in
Market failure describes a situation in which the market itself ________ in a way that balances social costs and benefits.
Lina20 [59]

A situation known as a "market failure" occurs when the market itself is unable to efficiently distribute resources in a way that balances social costs and benefits.

Market failure refers to a situation where there is an inefficient allocation of products and services on the open market. The individual incentives for rational behavior do not result in rational outcomes for the collective in a market failure.

In other words, each person chooses what is best for themselves, but those choices end up being bad for the collective. This can occasionally be demonstrated in conventional microeconomics as a steady-state disequilibrium condition.

To learn more about Market failure here

brainly.com/question/18958169

#SPJ4

8 0
2 years ago
What is a sercured loan
VARVARA [1.3K]

Answer:

Secured loan is as below

Explanation:

A secured loan is money that you borrow by offering an asset as collateral. The lender will hold on the asset until the full loan amount is paid back. A secured loan is a good option when borrowing a large amount of money.  It attracts low-interest rates.

Lenders consider secured loans less risky because the customer provides a valuable asset as a back-up should they fail to repay. Homes and land are the most common properties used as collateral for secured loans.

6 0
3 years ago
Topdog is a toy company, whose profit/sales percentage is 13% in 2015, 16% in 2016 and 20% in 2017. Assuming simple trend, what
elixir [45]

Answer:

25%

Explanation:

Using simple trend, to calculate the predicted sales/profit of 2018, we use;

(percentage sales of 2017 - percentage sales of 2016) ÷ percentage sales of 2016.

we have,

percentage sales in 2018 = <u>20 - 16</u>

                                              16

                                        =  <u>4</u>

                                           16

                                       = 0.25.

Percentage sales in 2018 = 25% i.e 0.25 x 100%

Cheers.

6 0
3 years ago
Companies in the "sunset" industries develop environment ally sound substitutes
OverLord2011 [107]
What's your question I don't understand
6 0
3 years ago
In the context of evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to conve
AlexFokin [52]
<span>In the context of evaluating service quality, assurance refers to the knowledge and courtesy of employees and their ability to convey trust. Assurance is defined as having confidence in one's abilities and a promise, guarantee from others. In the context of evaluating service quality, having assurance means you can trust that the quality of the service being provided will be to the best of the organizations abilities. You never want to feel like you aren't sure if the quality of service you're going to be paying for may or may not be great. </span>
8 0
3 years ago
Other questions:
  • If xis a random number between 0 and 1, then we can use xto simulate a variable that is uniformly distributed between 100 and 20
    15·1 answer
  • ​Trisurf Inc. has recruited some new employees and one of the managers is making a decision on the tasks that should be allocate
    15·1 answer
  • A local farmer grows and sells corn and pumpkins to the local grocers. Look at the farmer's business as a system. In which categ
    13·1 answer
  • When an organization needs to hire semiskilled workers and would like to keep the price of advertising low and not attract any a
    15·2 answers
  • In 2019, Alliant Corporation acquired Centerpoint Inc. for $548 million, of which $98 million was allocated to goodwill. At the
    12·1 answer
  • If the exports (in million $) for the period 2006 through 2010 were $878, $892, $864, $870, and $912, respectively, what are the
    8·1 answer
  • In a group of five individuals, two report annual incomes of $10,000, and the other three report incomes of $14,000, $15,000, an
    13·1 answer
  • What services does the Purdue University Online Writing Lab (OWL) offer?
    8·1 answer
  • The most common type of two-year college is called a(n):
    10·1 answer
  • What are all Nippon airways 3 Levels of Strategy?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!