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jeka94
3 years ago
12

Define the law of demand in a perfectly competitive market

Business
1 answer:
xz_007 [3.2K]3 years ago
3 0
Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa
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Offset overflow freeze set when offset storage within idrs is not large enough to hold all generated transactions, or credit bal
Nadusha1986 [10]
Hi, there is no question attached to the statement above. Anyway, it looks like you are looking for the IRS code with description. If so, the IRS code for the statement is 1541. Hope this helps you and thank you for the question. 
3 0
3 years ago
During 2019, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:
Sladkaya [172]

Answer:

Depreciation Expense for 2019 using form 4562

Basis For depreciation; Recovery Period ; Convention ; Method ; Depreciation deduction

2,000 ; 5 years ; HY ; 200 DB ; 400

40,000 ; 7 years ; HY ; 200 DB ; 6,573

Explanation:

Accelerated method of depreciation is used by businesses for accounting and income tax purposes. The depreciation is calculated in such a way that the depreciation expense is higher in early years and lower in later years. Pepe is also using this method to account for his business assets. The depreciation expense for computer equipment and manufacturing equipment's totals $6,973.

8 0
3 years ago
What minimum amount of body weight loss (lbs) is shown to improve physical capabilities and quality of life?
Paraphin [41]
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5 0
2 years ago
A _____ is a report based on research of compensation rates for workers performing similar jobs in other organizations.
givi [52]
A Pay-Survey is a report based on research of compensation rates for workers performing similar jobs in other organisations.
5 0
2 years ago
When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units
Sedaia [141]

Answer:

<u>A) $4.67</u>

Explanation:

In a perfectly competitive market, marginal revenue always is equal to price.  Also, the price is not determined by the firms, it is given by the market because producers doesn´t have any power of decision in this matter.

Due to that, the price is constant, independent the quantity sold.

8 0
2 years ago
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