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
scZoUnD [109]
2 years ago
6

Using the supply and demand curve above, which statement is TRUE? A) By decreasing the price from $3.50 (P1) to $2.60 (P2), supp

ly decreases. B) By decreasing the price from $3.50 (P1) to $2.60 (P2), demand decreases. C) By decreasing the price from $3.50 (P1) to $2.60 (P2), the quantity of supply decreases. D) By decreasing the price from $3.50 (P1) to $2.60 (P2), the quantity of demand decreases.
Social Studies
1 answer:
andre [41]2 years ago
4 0

Answer:

The correct answer is C:  by decreasing the price from $3.50 (P1) to $2.60 (P2), the quantity of supply decreases.

Explanation:

The supply and demand curve demonstrates <u>that there is an inverse relationship between price and demand</u>. It means that if the price increases, demand will decrease. Also, it shows that <u>supply is directly related to price.</u> Therefore, <u>suppliers may provide more products or services if their price increases</u>. Accordingly, by decreasing the price of the merchandise, the quantity of supply decreases. It is important to keep into account that these <u>both economic forces</u> fix a balance of the prices of things in the market. Option A is quite similar but does not include the technical term “quantity”, which validates option C as the correct one.

You might be interested in
The framework to be used by management in its internal control assessment under requirements of sox is the:__________
elena-s [515]

The framework could be used by management in its internal control assessment under requirements of SOX is the COSO internal framework.

The COSO Framework is a device used to establish internal controls to be included into business processes. collectively, these controls provide reasonable warranty that the organization is operating ethically, transparently and according with mounted enterprise requirements.The overarching purpose of a COSO Framework is to enhance and enhance organizational performance and oversight, as well as decreasing the quantity of the hazard of fraud.

The 5 components of COSO: C.R.I.M.E. The five components of COSO – control environment, risk evaluation, records and conversation, monitoring sports, and existing control activities – are often referred to through the acronym C.R.I.M.E.

An internal manipulate framework is a structured manual that organizes and categorizes expected controls or manipulate topics. some businesses layout control frameworks for popular functions just like the COSO internal manipulate framework, whilst others are extra specific consisting of the COBIT IT control framework.

Learn more about COSO framework here:-

brainly.com/question/20436236

#SPJ4

4 0
1 year ago
How did the Phoenicians’ willingness to travel far for trade eventually lead to the spread of their civilization?
lutik1710 [3]

The Phoenicians came into contact with many other cultures who borrowed their ideas and customs when they traveled to trade. The Phoenicians sailed to trade and establish colonies where they spread their culture and economy. They sailed across the Mediterranean—through the Greek islands, southern Europe, the Atlantic Coast of Africa and Britain. The Phoenicians' passion for conquering horizons and setting up  majestic trade networks established their civilization in places far from their homeland.

4 0
3 years ago
Read 2 more answers
______ refers to a rational method of deciding what is good for individuals or society. A. Beliefs B. Morals C. Ethics D. Laws
Inga [223]

Answer:Ethics is the rational method of deciding what is good for individuals or society.

Explanation:

5 0
3 years ago
What are two of the leading conflict theories?
ExtremeBDS [4]
Radical criminology and peacemaking criminology
4 0
3 years ago
Read 2 more answers
Morty believes that he is special and deserving of others attention and admiration. He lacks empathy and brags often. He may hav
Serhud [2]

Answer: Narcissistic

Explanation:

People suffering from NARCISSISTIC PERSONALITY DISORDER demonstrate an extreme sense of self importance coupled with a lack of empathy for others.

They are insensitive to other people's feelings but are envious of other people and believe other people are envious of them as well.

Morty is suffering from this personality disorder.

3 0
3 years ago
Other questions:
  • What did the best definition of realpolitik
    14·1 answer
  • What is the most common crime to occur within families according to statistics?
    15·1 answer
  • In the years before World War I, when one major European country built up its army and navy, the other nations
    12·2 answers
  • On a fishing excursion, Hugo realizes he has mistakenly packed his mother's sewing box instead of his tackle box. He wants to fi
    10·1 answer
  • Steve made friends _____ later worked with him.<br> which<br> who
    8·2 answers
  • Which of the following best
    10·1 answer
  • 1. How did the California Gold Rush affect the police force and population of San
    11·1 answer
  • when did France abolished slavery in French colonies? where did European countries grow Indigo in the 17th century ?​
    8·2 answers
  • Which rights are protected by the Eighth Amendment and why are they important.
    8·1 answer
  • Explain in a well substantiated paragraph why children should not be forced to choose sides in a divorce situation​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!