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Virty [35]
3 years ago
15

After widespread press reports about the dangers of contracting "mad cow disease" by consuming beef from Canada, the likely econ

omic effect on the U.S. demand curve for beef from Canada is:

Business
1 answer:
lions [1.4K]3 years ago
4 0

Answer:

The demand curve will shift to the left (reduce)

Explanation:

Shift in demand results from change in other factors affecting demand except for price.

There are wide-spread reports of contacting mad cow disease by consuming beef from Canada. This will result in a general decrease in the quantity of beef demanded (shift in demand to the left). At all prices there will be less demand for Canadian beef.

This is illustrated in the attached diagram.

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Sold merchandise on credit to Rondo Distributors, for $1,200, terms n/30. The cost of the merchandise was $720. 8 Purchased merc
Iteru [2.4K]

Answer:

See the explanation.

Explanation:

Account receivable Rondo Distributors debit        $1,200

Sales revenue                                          credit                 $1,200

Note: To record the merchandise sales on account. As the company used the periodic inventory system, we do not need to give the cost of goods sold journals.

Purchase debit                     10,000

Accounts payable credit               10,000

Note: To record the purchase on account.

Delivery expense  debit        $525

Cash                       credit              $525

Note: To record the payment of the delivery expense.

8 0
3 years ago
If the demand for a good is estimated to be _____, then firms producing the good will experience an increase in total revenue if
m_a_m_a [10]

Answer: elastic

Explanation:

Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.

For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.

7 0
3 years ago
Brian just started using a budget. He proudly tells friends that his budget helps him know where his money is being spent. It al
stepan [7]
The right answer for the question that is being asked and shown above is that: "<span>Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better." That is the best answer among the choices.</span>
5 0
3 years ago
POINTS!!!!!!!!!!!!!! BRAINLIEST AND 20+ POINTS!!!
bekas [8.4K]

Answer:

B

Explanation:

I think you've already figured this out for yourself, but I thought I'd answer anyway and maybe clarify some things.

Supply is the total amount of a <u>good or service</u> that is available to consumers.

  • Think about it: goods are physical things bought and sold, like apples. Services are actions done for another person, like taxi driving or renting a used car.
  • None of the other answers make sense: a "device" is not a strictly defined term in economics; an "industry" can't be available to consumers, and a "warranty" isn't applicable.
4 0
3 years ago
Read 2 more answers
What is the chronological order of the material cost flows through the subsidiary records? a. Materials Ledger Card, Receiving R
RoseWind [281]

Answer:

The correct order is option B.

Explanation:

As the order is in which the items are in the process of the subsidiary is given as by option B.

Option A is not true as the step of receiving report is not at the start of the process.

Option C is not true, because all the steps are not included.

Option D is not true as well because all the steps are not included.

5 0
3 years ago
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