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sineoko [7]
3 years ago
5

The Law of Supply states​ that, in most​ cases, the quantity supplied of a good​ ___________ when the price of the good rises. T

his means we would expect a typical supply curve to​ be___________.

Business
1 answer:
Arturiano [62]3 years ago
5 0

Answer:

Rises

Upward sloping

Explanation:

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

If the price of a good or service rises, suppliers would increase quantity supplied in order to earn higher profits and when prices fall, suppliers would reduce quantity supplied in order to minimise losses.

The supply curve is upward sloping.

I hope my answer helps you.

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Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,
tatiyna

Answer:

there will be 187, 500, 000 firms in the industry.

Explanation:

just multiply 2.50 with 75, 000,000 and get the answer.

6 0
3 years ago
Read 2 more answers
Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in
garri49 [273]
Unless the bankers are serious money moochers, the lowest interest (In Total Amount) will be:
C. Daily Compound
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3 years ago
Which of the following would be most likely to lead to increases in nominal interest rates?
olasank [31]

Answer:

c. A new technology such as the Internet has just been introduced, and it increases investment opportunities.

Explanation:

Nominal interest rate is the sum of real interest rate and expected inflation rate.

If expected inflation rate falls, the nominal interest rate also falls.

During a recession, people are more unwilling to borrow funds ,this pushes interest rate down.

If investment opportunities increases, the demand for funds would increase and nominal interest rate would increase too.

I hope my answer helps you

8 0
3 years ago
Don works diligently to accomplish the company goals in an efficient and effective manner, utilizing his employees through plann
eimsori [14]

Answer:

Managing

Explanation:

Managing involves effectively utilising an organisation's resources and bringing employees together to meet set goals and objectives.

Good management helps create a dynamic team where employees collaborate and give their best to achieve collective goal.

Roles are well defined and review and planning is done to effectively drive the team to success.

6 0
2 years ago
Explain how federal laws help promote fair competition.
saul85 [17]
Federal laws help promote fair competition by setting limits on what is acceptable to charge for something so that a price war also does not start. Federal laws allow necessities to be kept at prices that the average joe can afford. Also these laws allow for competing companies to still compete, but have pricing be more standard. If these laws were not in place, business demand would not be protected from unfair methods. 
8 0
3 years ago
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