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Kobotan [32]
3 years ago
6

A model of demand predicts that a rise in price will cause a decrease in the quantity of a good consumers want to buy anda in pr

ice will cause an increase in the quantity of a good consumers want to buy. In this model: decrease a.the cause is the change in the price and the effect is a change in the quantity of the good consumers want to purchase. b.the cause is the change in the price and the effect is a change in the quality of the good consumers want to purchase. c.the cause is the change in the product quality and the effect is a change in the quantity of the good consumers want to purchase d.the cause is the change in the quantity of the good consumers want to purchase and the effect is a change in the price
Business
1 answer:
luda_lava [24]3 years ago
8 0

Answer:

Option (a) is correct.

Explanation:

According to the law of demand, there is an inverse relationship between the price of the product and the quantity demanded for that product. Hence, if there is an increase in the price of the good then as a result this will decrease the quantity demanded for the good and if there is a fall in the prices of the goods then as a result the quantity demanded for the goods increases.

Therefore, the change in the price level of the goods represents the cause and its effect is the change in the quantity demanded for the goods that a consumer want to purchase.

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3 0
2 years ago
Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its rece
Shkiper50 [21]

Answer:

$106 million

Explanation:

                               allowance for doubtful accounts

                               debit             credit

beg. balance                                   426

bad debt                                           85        

ending balance       <u>405                        </u>

                                                        106

Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it.

6 0
3 years ago
Suppose that firm a dislikes hiring black accountants, while firm b is happy to hire them. so ted ends up working at firm b rath
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Answer:

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Explanation:

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