Answer:
The answer is D. The change in quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power
Explanation:
Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.
For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.
Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).
Answer:
Financial statements are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.
Explanation:
Hope this helps
Answer:
Your answer is given below:
Explanation:
Statement showing Computations
Paticulars Amount
Variable overhead cost per unit =100,000/1,000 100.00
Standard Variable overhead for 750 Units = 750 * 100 75,000.00
Actual Variable overhead 75,000.00
Variable overhead spending variance= Standard VO - Actual VO
Variable overhead spending variance= 75,000 - 75,000
Variable overhead spending variance= 0
“The federal
government awards technology development contracts to U.S. businesses” is an example of the
broad economic goal of growth.
Equity<span> <span>or </span>economic equality<span> is the concept or idea of fairness in </span>economics, particularly in regard to taxation or welfare economics.</span>
The correct answer between all
the choices given is the third choice or letter C. I am hoping that this answer
has satisfied your query and it will be able to help you in your endeavor, and
if you would like, feel free to ask another question.
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