Answer:
The correct answer is option A.
Explanation:
An increase in supply decreases the equilibrium price as the supply curve shifts rightward and intersects the demand curve at a lower point. This decline in the equilibrium price causes the quantity demanded to increase. The demand for the product remains the same.
The statement given in the question is false. A change in demand is caused by a change in other factors while the price of the product remains the same. The change in price affects the quantity demanded.
Answer:
Concept & example of Opportunity Cost
Explanation:
Opportunity Cost is the cost of next best alternative foregone, while choosing an alternative. This arises because of 'choice' problem, due to unlimited wants & limited resources - having alternative uses.
Eg : If I can have 2 chapatis or a bowl of rice. And, I eat a bowl of rice. Then, 'opportunity cost' of a rice bowl is - the next best available '2 chapattis' foregone for the former.
<h3>It doesn't matter, things changes and people changes but atleast if it changes it should change for the BETTER.</h3>
Good luck ✅.
This form of production that operates on supply and demand is the <u>market economy.</u>
<h3>Facts about the market economy </h3>
- Is controlled by forces of supply and demand.
- Citizens are allowed to own the means of production.
The warehouse Daveed works in is privately owned and they seek supply based on the demand for their goods.
This is in conclusion, a market economy.
Find out more on the market economy at brainly.com/question/1659498.
Answer:
The correct answer is Gain or loss on the sale of equipment as part of continuing operations.
Explanation:
If a gross profit on sales is generated in the process of selling an item of property, plant and equipment, but additional expenses are also incurred, the only thing that is recognized in the income statement is the net profit.
Among the accounts of the income statement, only one record is made with the net profit that occurred in the process of the sale of the asset. Although the final effect on the income statement is the same as it had under the old regulatory framework, it can be said that with that single record among the income statements, what is sought is that high gross income and expenses are not shown high, as this could distort the different financial analyzes that will be carried out at the end of the year.