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nikklg [1K]
3 years ago
13

Which statement is consistent with the law of demand?

Business
1 answer:
Marianna [84]3 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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Does accounts receivable go on the income statement.
Olin [163]

Answer:

no they are balance sheet items

Explanation:

5 0
3 years ago
8. What includes retail sales, housing starts, and truck and<br><br> auto sales
GREYUIT [131]

Answer:

monthly data series in a GDP

Explanation:

A GDP is defined as the actual domestically manufactured or produced products or the services provided in a financial year which describes or estimates the financial status or economic status of a country. GDP stands for Gross domestic product.

By analyzing the monthly data series of goods or services produced one can predict the real GDP of a country to be. One can use the monthly observations of the employment, unit auto as well as truck sales, sousing starts, retail sales, trade, automobile inventories, manufacturing, shipment of machinery and equipment, index of the industrial production, etc. to predict the GDP growth or get an idea of the GDP figures that are going to show the robust growth of the economy.

7 0
3 years ago
For insight into a government agency's understanding of the laws it administers, one should consult:
AfilCa [17]

Answer:

The agency's interpretive rules.

Explanation:

An interpretive rule can be defined as a document issued by an agency so as to help expound or clarify existing administrative laws, regulations and statutes in the public domain.

Basically, an interpretive rule is not required to meet the minimum requirements or criteria specified by the Administrative Procedure Act (APA). Also, an interpretive rule is not considered as a force of law because it is not binding on the general public.

Hence, for insight into a government agency's understanding of the laws it administers, one should consult the agency's interpretive rules for an explanation on the law and regulations it promulgated,

4 0
3 years ago
'13.4. A company ships a particular product to a market located 1500 miles from the plant at a cost of $4.50 per mile. Normally
Vsevolod [243]

Answer: $13.50

Explanation:

The following information can.be deduced from the question:

Distance covered = 1500 miles

Cost per mile = $ 4.50

We need to calculate the total cost of the transportation first. This will be:

= 1500 x $4.50

= $6750

We are further told that it normally ships 500 units at a time.

Therefore, tge line haul cost per unit will be:

= $6750/500 = $13.50

7 0
3 years ago
Which of the following is true of the assumption of risks during delivery of goods?
kirza4 [7]
One of the true assumption of risks during delivery of goods is : The seller is liable for any damages incurred to the goods during shipment.

That's why most of the companies whose business including goods delivery always put an insurance for on board products, to prevent the company from any potential damage during the shipment<span />
3 0
3 years ago
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