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3 years ago

Which of the following will NOT cause a shift in the demand curve for good X?

Business

1 answer:

sammy [17]3 years ago

4 0

Answer:

A. A change in the price of good X.

Explanation:

A demand curve plots price against quantity demanded. A change in price causes a movement along the demand curve according to the law of demand which says an increase in price leads to a reduction in quantity demanded and a fall in price leads to a rise in quantity demanded.

If the price of a complementary good increases, the demand for good x would fall and the demand curve would shift leftwards.

If income increases, and good x is a normal good, the demand curve would shift to the right.

If a change in taste and preference is in favour for good x, more of good x would be demanded and the demand curve would shift to the right.

I hope my answer helps.

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In the business cycle, which term best fits the labeled point on the graph?

strojnjashka [21]

Answer:

Explanation:

D.expansion

6 0

2 years ago

Read 2 more answers

In 2021, CPS Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 20

Anon25 [30]

Answer:

The journal entry would be as follows:

December 31, 2020 Debit Credit

Retained Earnings $9,400,000

Inventory $9,400,000

Explanation:

In order to prepare the journal entry to record the adjustment, we would have to calculate the amount of inventory with the following formula:

Amount of inventory=December 31, 2020, CPS’s inventories (FIFO)-31, 2020, CPS’s inventories (Average Cost)

=$38 million-$28.6 million

=$9.4 millions

Therefore, the journal entry would be as follows:

December 31, 2020 Debit Credit

Retained Earnings $9,400,000

Inventory $9,400,000

7 0

3 years ago

The Hendersons have just bought a home that requires some monthly yard maintenance. They are trying to decide if they should hir

max2010maxim [7]

Answer: 10 months

Explanation:

It would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

Here is how;

Doing it themselves would cost -

$250 - For a lawnmower

$135 - For an edger

$69 - For a hedge trimmer

$25 - For a rake

Summing these up gives $479

It would cost the Hendersons $479 to purchase equipments to carry out their monthly yard maintenance themselves.

On the other hand, if they were to hire a professional service, it would cost

• $75 for the first month and

• $45 for subsequent months

So, $45 * 9months = $405

$405 + $75 (for the initial month) = $480

Comparing the $480 for a professional to the $479 it would cost to purchase equipment and do it themselves, it would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

5 0

3 years ago

Read 2 more answers

Select the items that are jobs of the Federal Reserve.

andriy [413]

Answer:

provide banking services

watch banks and protect customers

influencing the money supply

4 0

2 years ago

Coaches can receive a bonus from the booster club at the conclusion of a season.

inna [77]

Answer:

The statement is true

Explanation:

Booster club is the organization which is formed in order to support the organization, associated club and sports team. The club support through coordinating events or raising the funds.

So, yes, the coaches are legally could receive the bonus from the booster club at the season conclusion as the booster clubs are not state funded, so they are intended to use the money for the school resources.

And there is no legal matter is involves with giving the coaches bonuses as the booster club raise the fund from the extra circular activities.

4 0

2 years ago