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
The typical measurement of hotel demand is the room night (RN). When we say that each room night is perishable , we mean that on
vredina [299]

Answer:

true

Explanation:

Services are different than products because they:

  • products can be stored for future use while services perish immediately after being performed or if they are not consumed, e.g. unsold spaces in a theater cannot be stored for later use ⇒ Perishability
  • products are tangible, while services cannot be measured, weighted, etc. ⇒ Intangibility
  • products can be mass produced and can be homogeneous, while services are unique because every time they are consumed, the experience varies depending on the conditions and circumstances that surround it ⇒ Heterogeneity
  • You can own and transfer the title of a product, while you cannot transfer the title of services, e.g. you rent the room of a hotel for a night but that doesn't make you owner of the room ⇒ Ownership
  • Products are independent and separate from the people or machines that produce them, while services cannot be separated from the people or things that provide them ⇒ Inseparability

 

3 0
3 years ago
"during the 1980s, incompatible computer products resulted in ____."
PIT_PIT [208]
Excessive spare parts inventories, a lack of transferable employee skills, increased support costs.
7 0
3 years ago
The argument for import protection in developing countries to bring about industrialization differs from the infant-industry arg
Zigmanuir [339]

Answer:

D) it presumes there will be economic gains even if output does not become internationally competitive

Explanation:

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.

4 0
3 years ago
Mercy Hospital is considering a project that is expected to reduce the hospital's annual operating costs by $250,000 per year be
gizmo_the_mogwai [7]

Answer:

$650,000

Explanation:

The computation of the expected net cash flow for the year 1 is shown below:

= Annual operating cost reduced + expected revenue generated per year in the year 1

= $250,000 + $400,000

= $650,000

By adding the annual operating cost, and the expected revenue generated we get the project expected net cash flow for the year 1

5 0
3 years ago
During October the plant produced 8,000 ingots and incurred the following costs: a. Purchased 33,000 pounds of materials at a co
goldfiish [28.3K]

Answer: Total Variable Costs = $110130

Explanation:

The question in incomplete. Requirements were not provided in the question, as a result it is not clear what the question requires us to do. We will assume the question requires us to calculate Total variable costs since There is nothing in the question that talks about fixed costs.

Total Variable Costs

Manufacturing costs

Direct Material Per pound = $2.95

Direct Material used  = 27800 pounds

Direct Material Cost = 27800 x 2.95 = $82010

Direct Labor

Direct Labor cost per hour = $6.20

Direct Labor hours = 3800

Direct Labour Cost = 3800 x $6.20 = $23560

Variable Manufacturing overhead cost = $4560

Total Variable Costs = Direct Material cost + Direct labor costs + Variable Manufacturing overhead

Total Variable Costs = $82010 + $23560 + $4560

Total Variable Costs = $110130

7 0
3 years ago
Other questions:
  • Total taxes paid divided by total income is called the
    5·2 answers
  • Suppose the manager agrees to pay each employee a​ $50 bonus if they meet a certain goal. on a typical​ saturday, the​ oil-chang
    15·1 answer
  • Which of the following is a good basic requirement for a satisfying career? A.It requires a lot of overtime. B.It allows for fre
    6·2 answers
  • Who is the register general of c.a.c​
    9·1 answer
  • Brestine Inc., a European multinational corporation, wants to expand its customer base and decides to target the Asian market. A
    6·2 answers
  • Burnet Company had 30,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 15,000 sha
    9·1 answer
  • How is a post from a social media influencer different than a comment from a regular consumer?
    6·1 answer
  • ABOUT Stephen hawking ​
    11·2 answers
  • How much notice does the Worker Adjustment and Retraining Notification
    8·1 answer
  • Kkkkkkkkkkkkkkkkkk<br>kkkkkkkkkkkkkkkkkkk
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!