I have a lot to say to my friends that
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.
There are three steps in the accounting process those are Identification, Recording and Communicating.
1)d. The quantity of a product that consumers are willing and able to buy at each unit price
2)C. The product has a lower price
3)c. The quantity demanded for chips will decrease and the demand for salsa will decrease.
4)I didn't understand your question about this one but I can explain the graph:-)
according to this diagram
the supply curve has shifted backward i.e supply is decreased so, with the decrease in supply the price of good increases and as a result of increased price the quantity demanded decreased.
5)B. Average consumer income has decreased, with Good A being an inferior good. ( because as you can see in the diagram that demand for good A is increased)
demand for inferior goods increases with the decrease in income. For example: if your income decreases you'll start travelling from bus instead of train.
6)B. Stacy wanted ice cream a bit more than a cupcake but chose the cupcake when the price of ice cream increased.
