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ElenaW [278]
3 years ago
14

For each of the following shifts(A,B,C,&D) in the demand curve and associated price change of a complement or substitute ite

m, explain whether the change in the price of the complement or substitute must have been an increase or a decrease.
A. A rise in the demand for a dashboard global-positioning-system device follows a change in the price of automobiles, which are complements.
B. A fall in the demand for e-book readers follows a change in the price of e-books, which are complements.
C. A rise in the demand for tablet devices follows a change in the price of ultrathin laptop computers, which are substitutes.
D. A fall in the demand for physical books follows a change in the price of e-books, which are substitutes.
Business
1 answer:
muminat3 years ago
4 0

Answer:

A. Decrease in price of complements

B. Increase in price of complements

C. Increase in price of substitute

D. Decrease in price of substitute

Explanation:

A. A decrease in the price of a good would increase its demand. This will cause the demand for its complements to increase as well, this is because the complements are consumed together.

B. Similarly, the increase in the price of a good would decrease in its demand. Along with it, the demand for its complement will decrease as well because the complements will be consumed together.

C. When the price of a good increases, its demand will decrease. The demand for its substitutes will increase because the consumers will prefer the cheaper substitute.

D. Similarly, the decline in the price of a good will make it cheaper, so its demand will increase. The demand for its substitute will decrease because the consumers will prefer the good that is cheaper.

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Which of the following is an advantage of consumer credit? a) It costs more than cash purchases. b) It can encourage customers t
forsale [732]

Answer:

The answer is D

Explanation:

7 0
3 years ago
Help please!
Kitty [74]

Answer: Gemma took a <em>values inventory </em>in her career explorations class. This indicated to Gemma that money and status may mean a lot to her, but she also finds it healthy to maintain a work-life balance. The correct answer is B.

Explanation:

A values inventory is commonly given in school to help a student with their career goals. They are usually given a personality inventory, an aptitude assessment, and an interest inventory.

The values inventory worksheet has two separate sets of questions about life values and work values. On this worksheet, the student must choose from the columns of "must have, would like, and least important."

A few of the life values a student has to choose from are listed below.

1.) Being Healthy as can be.

2.) Having a happy family life

3.) Having a high status and prestige

4.) Having material possessions in life.

A few of the work values a student has to choose from are listed below.

1.) Being a leader at work.

2.) Working as a team member.

3.) Having experiences that are creative.

4.) Having job security.

8 0
3 years ago
A7X Corporation has ending inventory of $701,073 and cost of goods sold for the year just ended was $7,461,613. a. What is the i
tatyana61 [14]

Answer:

(A) Inventory turnover= 10.64 times

(B) Days sales in inventory= 34.30 says

(C) Shelf life= 34.30 days

Explanation:

A7X corporation has an ending inventory of $701,073

The cost of goods sold for the year is $7,461,613

(A) The inventory turn over can be calculated as follows

= cost of goods sold/ending inventory

= 7,461,613/701,073

= 10.64 times

(B) The day sales in inventory can be calculated as follows

= 365/inventory turnover

= 365/10.64

= 34.30 days

(C) A unit of inventory sit on the shelf for 34.30 days before it is sold

6 0
3 years ago
Emma, Inc. reacquired 166,326 of its shares at $22 per share as treasury stock. Last year, for the first time, Emma sold 37,992
Lesechka [4]

Answer:

The correct answer is $152,949.

Explanation:

According to the scenario, the given data are as follows:

Reacquired shares = 166,326

Per share price = $22

So, we can calculate the retained earning decline by using following formula:

Retained earning decline = Cost of Treasury shares - Sales price - Paid in Capital from stock

Where, Cost of treasury shares = 48,987 × $22 = $1,077,714

Now Sales Price = 48,987 × $15 = $734,805

and Paid in Capital from stock = 37,992 × ( $27 - $22) = $189,960

By putting the value in the formula, we get:

Retained earning decline = $1,077,714 - $734,805 - $189,960

= $152,949

6 0
2 years ago
Sana gill deposited $3,500 into a new business checking account to begin her new bookkeeping firm, gill bookkeeping. this busine
OLga [1]

Sana Gill deposited $3500 into a new business checking account to begin her new bookkeeping firm, Gill Bookkeeping. This business transaction would increase the company's cash, and increase Sana Gill's Capital.

<h3>A business transaction is what?</h3>

A financial exchange of commodities, money, or services between two or more people is referred to as a business transaction. A commercial exchange must have a measurable monetary value in order to be considered a transaction for accounting purposes. Business dealings will have an impact on the company's finances.

A long-term service contract might be as complicated as a business transaction, or it can be as simple as a cash purchase. The following requirements must be met for a transaction to qualify as a commercial transaction:

  • The deal can be valued financially.
  • The company and the third party engage in the transaction.
  • The deal is made on behalf of the company and not for a person's personal benefit.

To know more about "Business transaction" , visit : brainly.com/question/19512243

#SPJ4

4 0
1 year ago
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