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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.

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If the general education level within a country rises significantly over time, it is likely that: the country’s production possi
kiruha [24]

Answer: Option (D) is correct.

Explanation:

Correct: The country’s production possibilities curve will shift out.

The production possibility frontier shows different combination of two goods that are to be produced with the available resources. It also shows the point on the curve which represents the efficient level of quantity to be produced.

So, if there is any improvement in the factors such as technology advancement and level of education will generally results in higher economic growth and increase in the level of output.  

Hence, there is an outward shift in the production possibility frontier.

6 0
3 years ago
Alma owns fifty shares of common stock in Alpha Corporation. Alma also owns eighty shares of preferred stock in the same corpora
andreyandreev [35.5K]

Given the situation described above, Alma will be able to cast <u>50 votes</u>.

This is because common stock gives voting rights to shareholders. And given that Alma has 50 shares of common stocks. Therefore, he would be able to cast 50 votes.

On the other hand, preferred stocks give no voting rights to shareholders.

However, preferred shareholders have preference over a company's revenue or earnings, which implies that they are paid dividends before common shareholders.

Hence, in this case, it is concluded that the correct answer is "50 votes."

Learn more here: brainly.com/question/3518273

3 0
2 years ago
Black market dealers are often legitimate businesses with questionable and illegal practices. (points : 2) true false
amm1812
 The Black Market is a series of dealers who can get you a product that has been repealed from stores, such as 2006 yellow Tide, which cleaned the products too good, forcing the company to take it off the market because they wanted to continue to sell products that they claim better than the last. The Black Market is illegal and if currently under high investigation by governments all over the world. So, if the Black Market practice itself is illegal and all actions taken while in the Black Market are as well, I think you can finalize your answer. Hope this helped!
6 0
3 years ago
NO LINKS
Rom4ik [11]
Consumer demand, Opportunity cost
7 0
2 years ago
Read 2 more answers
In what type of economy do people officials determine the 3 basic economic questions?
Reil [10]
Most likely a Command economy.
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