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maxonik [38]
3 years ago
15

Explain why a reduction in the price of a normal good does not increase the demand for that good?

Business
1 answer:
Anna71 [15]3 years ago
6 0
A normal good could be anything used on the daily, whether it be at home or work, etc. So, say the price for staples goes down, that doesn't mean there is a sudden surge for a surplus of staples. Whoever is buying them will spend less, but they don't need any more staples now compared to when the staples cost more, before the price was decreased.
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cassandra is a lawyer for a large company, and she will be hosting a virtual meeting to discuss an impending merger with a compe
natita [175]

Cassandra be sure to include on her agenda that the time zone would not be necessary if she were hosting the meeting in person.

A meeting is a gathering of two or more people to discuss one or more issues and is often held in formal or business settings, but meetings can also be held in a variety of other settings. increase. A meeting can be used as a form of group decision-making.

Conference types are: Formal meetings, annual general meetings (AGM), statutory meetings, board meetings and informal meetings. A conference or multiple "conferences" can be defined as: “A gathering of people.

Congregation means a meeting or gathering of people convened to carry out a business.

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8 0
1 year ago
Example : Yazici Advertising purchased supplies costing 2,500 on October 5. An inventory count at the close of business on Octob
Over [174]

Question Completion:

Journalize the adjusting entries:

Answer:

Yazici Advertising

Adjusting Journal Entries:

Date            Account Titles            Debit      Credit

October 31:

1. Supplies Expense                     $1,500

Supplies                                                        $1,500

To record the supplies expense for the year ended October 31.

2. Insurance Expense                     $50

Prepaid Insurance                                           $50

To record the insurance expense for the month of October.

Explanation:

a) Data and Analysis:

October 31:

1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)

2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)

3. From the scenario, the year-end is October 31.

7 0
3 years ago
PLS HELP ME WITH THIS
Sedaia [141]

Answer:

a $ 100 , 000 per profit plan salary

3 0
3 years ago
If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to t
PSYCHO15rus [73]

Answer:

$220 billion

Explanation:

GNP is $200 billion

Factor income from the rest of the world is $10 billion

Factor income to the rest of the world is $30 billion

Therefore the GDP can be calculated as follows

= $200 billion + (30 billion- 10billion)

= $200 billion + 20 billion

= $220 billion

Hence the GDP is $220 billion

5 0
3 years ago
Marcus, feeling stressed out from work, decided to search for a meditation app for his phone that would help him relax during th
sweet-ann [11.9K]

Answer: a. It merely conducted some activity outside of Alaska and that activity took place through a website.

Explanation:

CalmDown can use the defence that all it did was to conduct an activity through it's website and this happened to be outside Alaska.

As such the company is still bound by the state that it is registered in which in this case would seem to be in Alaska. They are not to be bound by the laws of another jurisdiction from the one they are registered to if the activity was done on the internet.

Marcus should therefore try to bring action against them in Alaska if he can.

7 0
3 years ago
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