1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
larisa [96]
3 years ago
9

According to adam smith what happens when the demand for a product decreases

Business
1 answer:
shepuryov [24]3 years ago
3 0
In a competitive market when the demand decreases it is as a result of an increase in price, hence for the demand to increase , there is need to lower the prices and get a suitable price which will maintain an equilibrum
You might be interested in
A client/server network is an example of ________ administration
sladkih [1.3K]
<span>A client/server network is an example of Central administration
In computer network, a central administration refers to something that enabled several computers to be connected under a single medium.
An example of The real life implication of a client/server net work is the system that we use for online multiplayer gaming</span>
4 0
3 years ago
Is it reasonable to assume that treasury bonds will provide higher returns in recessions than in booms?
Annette [7]
It is indeed reasonable.We know this because interest rates rise when the economy is booming and fall when the economy goes into a recession which is known as procyclic movement. What happens is that during recessions the government usually tries to keepcinterest rates low in order to stimulate investment. It is good because bond prices <span>and interest rates go in opposite directions so bond prices will rise when recession starts. </span>
8 0
3 years ago
Read 2 more answers
What is the difference between carriage forward and carriage paid?
USPshnik [31]

Answer: carriage forward means delivery is being laid by the buyer. Carriage paid means delivery is paid by the seller.

7 0
2 years ago
Name and explain the relationship between triple bottom line social responsibility
KonstantinChe [14]
The three bottom line in the social responsibility are :

- Economic
- Social
- Environment

This three bottom lines could directly affect each other. For example, as the company experienced an economic growth, it could increase the quality of the social and environmental element around the company through various Corporate social responsibilities.
7 0
3 years ago
Comfort Corners Home Furnishings uses labor and machinery to transform wood, plastic, metal, and cloth into comfortable chairs,
Alinara [238K]

Answer:

Form Utility.

Explanation:

This is the process of designing a product to target a specific client's needs or wants. Customers' desires are incorporated into the features and benefits the products offer to customers. As in the above company. Various designs of furniture have been designed to appeal to customers needs and wants in home furnishing.furnishings.

3 0
3 years ago
Read 2 more answers
Other questions:
  • In the old Merck compensation system, if the salary line formula is: control point = $1544 + $4.72*Hay point. How much will a mi
    14·1 answer
  • Suppose that price is below the minimum average total cost (atc) but above the minimum average variable cost (avc), and the mark
    13·1 answer
  • In a small, closed economy, national income (GDP) is $350.00 million for the current month. Individuals have spent $100.00 milli
    15·1 answer
  • Challenger Factory produces two similar products - regular widgets and deluxe widgets. The total plant overhead budget is $675,0
    12·1 answer
  • Which of the following describes an effective strategy for protecting yourself against identity theft?
    8·1 answer
  • A company purchases inventory on account for $45,000 with terms 2/10, n/30. Under the net method of accounting for purchases, th
    11·1 answer
  • A master production schedule quantity of 300 units will arrive in week 6. Weekly demand over weeks 3 through 10 is forecasted at
    12·1 answer
  • Question 6 of 10
    8·1 answer
  • Which piece of information in the sales contract does not help the parties specify exactly which property is being purchased?
    7·1 answer
  • The category of complainers called irates has a very optimistic sense of the potential positive consequences of all types of com
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!