In a market when the price of a good changes:

Business

1 answer:

garri49 [273]3 years ago

6 0

Answer:

O both quantity demanded and quantity supplied change for the good.

Explanation:

A change in the price of a good leads to a movement along the demand and supply curve for that good. This leads to changes in both quantity demanded and quantity supplied for the good.

All things being equal, the higher the price of a good, the lower the quantity demanded and the lower the price of a good, the higher the quantity demanded.

All things being equal, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Other factors other than changes in price of the good lead to changes in both demand for and supply of the good and shifts both the demand curve and the supply curve for the good.

I hope my answer helps you

You might be interested in

Penny's candies is showing a p/e ratio of 1.32, while donna's confections has a p/e ratio of 6.7. what is the general mood of in

Whitepunk [10]

Investors at Penny's candies have low expectations from the company since it has a very low P/E ratio. Either the company is not performing well or investors have discounted some bad news in future cash flows.

Whereas Donna's confections has a P/E of 6.7 which is much better than that of Penny's. So here the company is performing well and investors are positive on future good news and they expect the cash flows to improve and hence the stock rules at a higher P/E ratio

3 0

3 years ago

Which of these inventory changes would be accounted for prospectively? Select one: a. FIFO to LIFO, but not LIFO to FIFO b. LIFO

Basile [38]

Answer: a. FIFO to LIFO, but not LIFO to FIFO

Explanation:

Well the inventory changes which would likely be accounted for is the FIFO ( first in first out system ) to LIFO ( last in first out system ). But not the LIFO ( last in first out ) to FIFO ( first in first out ). This system are mostly used in sales where for FIFO the first goods to arrive leaves first and for LIFO the opposite of FIFO

7 0

3 years ago

Melanie graduated from the College of Business at the University of Arizona. What type of higher education Institution did she a

Rom4ik [11]

She attended a university

8 0

3 years ago

How does the business cycle affect consumers? check all that apply.

kiruha [24]

Answer:

The business cycle is crucial for businesses of all kinds because it directly affects demand for their products. Boom: high levels of consumer spending, business confidence, profits and investment. Prices and costs also tend to rise faster. Unemployment tends to be low as growth in the economy creates new jobs.

5 0

2 years ago

You are employing two dish washers at $12 per hour with each working 10 hours per week.You learn about a new automatic dishwashi

Arisa [49]

120 per week, per dish washer
240 per week for employed dishwashers
3,000/240
12.5 weeks

4 0

3 years ago

Read 2 more answers