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
Pavlova-9 [17]
3 years ago
7

If the price of high speed internet access decreases then we would expect to see the quantity demanded increase. This statement

reflects which law? Select one: a. Law of increasing opportunity cost b. Law of comparative advantage c. Law of supply d. Law of demand
Business
1 answer:
SSSSS [86.1K]3 years ago
7 0

Answer:

d. Law of Demand

Explanation:

The law of demand states, the quantity demanded of a product is indirectly related to it's price keeping other factors affecting demand as constant.

The law states, more of a product is demanded when it's price falls and vice versa.

It is noteworthy here that it is quantity demanded which changes when only price changes, not the demand itself. Demand would change when factors affecting demand other than price of the product change.

In the given case, when price of high speed internet decreases, the quantity demanded increases. The statement indicates the operation of the law of demand.

You might be interested in
What two measures are used to describe the problems of growth and economic instability
VLD [36.1K]
The two measures of instability in economic growth are high unemployment rates and inflation
6 0
3 years ago
Economist A believes that the elasticity of investment is 1.47 while economist B believes that the elasticity of investment is 0
Anna71 [15]

Answer:

Economist A

Explanation:

Elasticity is a measure of investment sensitivity. If the investment is elastic, a slight increase in price (interest rate) will decrease the amount of investment. Conversely, if the investment is inelastic, a change in interest rates will not considerably affect the investment rate. The calculation of elasticity consists of the change in the investment rate divided by the change in the interest rate. If the calculation of elasticity is less than 1, it is considered ineastic, while investments with elasticity above 1 are considered elastic. Thus, economist A believes that the investment rate is elastic to the interest rate, while economist B believes the opposite. So for economist A the rise in interest rates will affect the investment rate of the economy (and hence the macroeconomic environment) because in his view investment is elastic. Economist B does not believe that interest rate fluctuations will affect demand for investments.

8 0
3 years ago
Item 1 Manufacturing overhead was estimated to be $629,300 for the year along with 20,300 direct labor hours. Actual manufacturi
Neporo4naja [7]

Answer:

$31 per hour

Explanation:

The predetermined overhead rate is computed as

= Estimated manufacturing overhead / Estimated direct labor hours

Given that

Estimate manufacturing overhead = $629,300

Estimated direct labor hour = 20,300

Therefore,

Predetermined overhead rate

= $629,300 / 20,300

= $31 per hour

5 0
2 years ago
Plz help 25 points!!!
uysha [10]

Answer:

I thinks its b

Explanation:

8 0
3 years ago
Joe decides that he will contribute $5,000 a year to his 401(k) plan when he starts saving for retirement. What is the best acti
AfilCa [17]
I feel that the answer would be C as that would give it the most time to grow and build, but I have heard many times that IRA's can be better as far as tax. I would go with C, unless your class has specifically been leaning about IRA's. 
5 0
3 years ago
Other questions:
  • Australia. Inc. had a $140,000 beginning balance in Accounts Receivable and a $5,000 credit balance in the Allowance for Doubtfu
    9·1 answer
  • Bonds are considered to offer a guaranteed return, as they must be honored by law, but which is still a potential risk that inve
    8·2 answers
  • What is the best way to judge the success of your communication? How quickly the message is developed Use of jargon Through feed
    15·1 answer
  • Which economic system supports government control of maior b
    13·1 answer
  • What is not a common credit card fee
    10·1 answer
  • PLEAS HELP!!!!!!!! I NEED ANSWERS ASAP!!!!!​
    14·1 answer
  • Pearson Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity
    10·1 answer
  • Who will bear the incidence of the tax? suppose the government imposes a tax on three products with differing demand elasticitie
    14·1 answer
  • How does the WTO promote global free trade?
    6·1 answer
  • "Stock in Daenerys Industries has a beta of 0.73. The market risk premium is 10 percent, and T-bills are currently yielding 5 pe
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!