The definitions for the following terms are explained below.
Explanation:
A. Quantity Demanded is the amount of a good that buyers are willing and able to purchase at a given price.
B. Demand Cure is a graphical representation of the relationship between the price of a good that buyers are willing and able to purchase at various prices.
C. Demanded Schedule is a table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices.
D. Law Of Demand is to claim that, other things being equal, the quantity demanded of a good falls when the price of that good rises.
Answer:
The answer is false
Explanation:
The quantity supplied is positively related with the price of goods and services unlike quantity demanded which is negatively related with the price of goods and services.
This means that the higher the price if a product, the higher the quantity supplied. This is si because producers will want to increase its revenue
Answer:
The correct answer is D. perfectly elastic labor supply curve and a downsloping labor demand curve.
Explanation:
The basis of the model is the assumption that no player in the market is large or strong enough to be able to control the industry. There are many buyers and sellers, and each one is small. Companies can sell any amount of production at market prices. Companies in this form of market face a horizontal demand curve, and all companies produce a homogeneous product.
A large number of small sellers and buyers exist in this type of market. No entity is so powerful that it can change the face or direction of the industry. No company can produce any control over the price or quantity of the product. Although each company increase or decrease prices and production, the industry as a whole remains unchanged.
Answer:
Business Analytics
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this is an example of Business Analytics. This term refers to the process of investigating past business performance and statistics in order to gain insight and increase sales by creating a new business plan. Which is what Finn is doing by reviewing the previous years sales data.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
b $746,000
Explanation:
the amount purchased in year = cost of good sold + Inventory at beginning - Inventory at end = $738,000 + $218,000 - $204,200 = $751,800
The cash payments for merchandise during the year = Account Payable (AP) at beginning - AP at end + Amount purchased in year = $96,200 - $102,000 + $751,800 = $746,000
