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
rodikova [14]
3 years ago
15

In which statement(s) are "demand" and "quantity demanded" used correctly? (I) "An increase in the price of tea will reduce the

quantity demanded of tea." (II) "An increase in the price of tea will reduce the demand for sugar used in tea."
Business
1 answer:
ryzh [129]3 years ago
8 0

Answer:

The correct answer is letter "A": in both statements I and II.

Explanation:

(I) According to the demand law, <em>if the price of tea increases the quantity demanded of tea will decrease</em>. If the price of tea decreases, the quantity demanded of tea will increase. Quantity demanded and the price has an inversely proportional relationship in the demand law.

(II) When talking about complementary goods like tea and sugar, <em>if the price of tea increases will result in a negative movement along the demand curve of tea and will cause the demand curve of sugar to move inwards. In such a scenario, the demand for each good will be reduced.</em>

You might be interested in
A well diversified portfolio needs about 3 to 5 stocks from different categories.
Oduvanchick [21]

Answer:

This is false.

Explanation:

Diversification is An investment strategy that includes a mixture of a wide variety of investments from different categories within a portfolio.

A well diversified portfolio does not need 3 to 5 stocks from different categories instead A well-diversified portfolio needs about 20-25 stocks from various categories.

3 0
3 years ago
Swen Inc. is a global retail chain based in New York. It expands into France and sends Gerard, an American citizen and a trusted
Soloha48 [4]

Answer:

The correct answer is D

Explanation:

Expatriate manager is the one or the workers who are migrated from their home country to the outside nations in order to earn more than the in the home country.

In this case, Company expands the operations in France where they sends Gerard who is a citizen of American. So, this is an expatriate manager as he was migrated to France.

3 0
3 years ago
Nathen’s home office
Rom4ik [11]

Answer:

Today, the Chinese own Armour and the famous Smithfield hams, together with the most quintessential American brand of all: Nathan's Famous hot dogs, with its iconic annual eating contest. ... It remains the largest total acquisition of a U.S. company by the Chinese.

Explanation:

4 0
2 years ago
During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal
Kobotan [32]

Answer:

Accounts payable (opening) = $ 45000.

Account rec during year = $464570

Cash payment during year = $351570.

Explanation:

As we know that:

 Account payable (open) + Purchases - Accounts payable(end) = Paid cash

 Accounts payable (open) + 201400-59900= 186500

Accounts payable (open)= 186500+59900-201400

                                       = $45000.

As we know that:

Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.

   A/c receiable during period= 449600-115800+130770

                                       = $464570.

As we know that:

Cash (open) + Cash collected - Cash (end)= Cash payment during period.

46200+248600 - 56770 = Cash payments during year.

Cash payment during year = $351570.

4 0
3 years ago
A company has a beginning retained earnings balance of $100,000. It has net income for the current year of $50,000 and paid $10,
Brut [27]

Answer:

The ending balance of retained earnings for the company $ 140.000

Explanation:

Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.

4 0
3 years ago
Other questions:
  • April segal and her sister obtained a 25 year , $120,000 loan for their new home. The interest rate is 7.5 percent and their mon
    6·1 answer
  • When only certain eoc team members or organizations are activated to monitor a credible threat, which activation level has been
    10·2 answers
  • During its first and second years of operations, Rogers Company, a corporation using a periodic inventory system, made undiscove
    7·1 answer
  • In a make-or-buy decision, a. the company must choose between expanding or dropping a product line. b. the company must choose b
    9·1 answer
  • Assume that the plaintiff was 60 percent responsible for his own injuries. He would be able to recover the 40 percent of his inj
    7·1 answer
  • Flexible Fittings was a small manufacturing company that made shut-off valves for gas pipe used in home and building constructio
    13·2 answers
  • What should you do after attending a college fair?
    13·2 answers
  • Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are
    11·1 answer
  • Paul Parrino purchased from Daves Professional Wheelchair Service a wheelchair manufactured by 21st Century Scientific, Inc. The
    7·1 answer
  • Western Electronics (WE) is reviewing the following data relating to a new equipment proposal: Net initial investment outlay Aft
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!