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2 years ago

Which statement is consistent with the law of demand?

Business

1 answer:

Marianna [84]2 years ago

5 0

Answer: B. A reduction in market price will lead to an increase in quantity demanded.

The law of demand states that normal goods have a higher demand at lower prices, because the demand curve is downward sloping which means that the lower the price the more of it people will be willing to buy, so a reduction in market price will mean that now more people are willing to buy that good. For eg a car normally sells $80,000 and 1000 cars are sold in a month, because of technological advances the company now sells the car for $60,000 because of this decrease in price more people will be willing to buy the car and the the monthly sales will be more than a 1,000 cars because at the price of $60,000 more people will be willing to buy this car.

Explanation:

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Ramon works at Chicago Medical Instruments. His job was recently redefined so that he now has more flexibility in the hours he w

jolli1 [7]

Answer:

Chicago Medical Instruments is trying to change Ramon's job so that it has more:

B. Autonomy

Explanation:

Autonomy means being capable of making informed decisions. In the job is about the freedom an employee has to perfom the work. Chicago Medical Instruments is allowing more flexibility in the hours Ramon works and more say in the procedures he use on the job. So, this is giving him more freedom which means that he has more autonomy.

6 0

3 years ago

The profit motive is important to a market economy because it

Marrrta [24]

Encourage people to open business and invent new product.

6 0

3 years ago

A primary reason for a firm to pursue an acquisition is to:

Strike441 [17]

Answer:

c. achieve greater market power.

Explanation:

Acquisitions to meet a market power objective generally involve buying a supplier, a competitor, a distributor, or a business in a highly related industry. Though a number of firms may feel that they have an internal core competence, they may be unable to exploit their resources and capabilities because of a lack of size.

8 0

3 years ago

On April 17, 2024, the Loadstone Mining Company purchased the rights to a copper mine. The purchase price plus additional costs

mojhsa [17]

The depletion for 2021 is $1,028,000 .

No, depletion is not considered part of the product cost and isn't included in the cost of inventory

<h3>Depletion per ton</h3>

1. Depletion per ton = $4280000/1070000

= $4 per ton

Depletion for 2021 = 257000 tons*$4

= $1,028,000

Therefore, The depletion for 2021 is $1,028,000 .

2. Depletion is not considered as part of the product cost, It is shown as an expense on the income statement and reduced from the value of the natural resource and so it is equivalent to the depreciation of assets.

Therefore, No, depletion is not considered part of the product cost and isn't included in the cost of inventory

To learn more about Depletion visit the link

brainly.com/question/14117351

#SPJ4

8 0

1 year ago

Ummm someone make a <br><br>zoom

mestny [16]

Answer:

Explanation:

but thx for pts tho :)

6 0

2 years ago