Answer:
d. the law of demand
Explanation:
One of the foundations of current economy, the inversely proportional relationship between prices and quantity demanded, that is, the higher the price the lower the demand, is known by economists as the law of demand.
This law is a key factor in the determination of prices of goods and services that we see each day and reflects the decrease in the marginal utility of each extra unit with an increase in price.
Demand supply and market equilibrium will have many changes due to change in the quantity of a supplied product.
Taxing a good with relatively less elastic demand, helps government to raise more revenue with lower welfare loss.
Answer:
$155.000
Explanation:
According with the information the person has first calculate the Equity. According with the accounting equation the Assets are equal to Liabilities plus the Equity. The first step is found the equity of the next way:
Equity year 1= Assets- Liabilities
Equity year 1= $210,000 - $85,000
Equity year 1= $125.000
Equity year 1= 125.000- 50.000 (dividends) = $75.000
Nevertheless, the calculation of the net income is measure independent of the operations in the balance sheet.
After you need to calculate the net income:
Net income= Revenues- Expenses
Net income= $275,000- $120,000
Net income= $155.000
As you can see the operations in the income statement only affects are affects by the revenue and the expenses.
Answer: After acquired property
Explanation: The concept of after acquired property refers to personal belongings or properties purchased by an individual who has secured a loan such as mortgage and penned a security agreement that secures the debt with all of his properties.
The after acquired property is manifested in the context above, Eduardo must have penned a security agreement nn other to secure the $50,000 loan from the National Bank, and therefore his real and personal properties such as his 10 year old van, including properties purchased after penning the security agreement such as the Just purchased greenhouse automatically becomes a collateral for his debt.
