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SOVA2 [1]
4 years ago
6

What is the law of demand? ​

Business
2 answers:
mart [117]4 years ago
7 0
The law of demand states that quantity purchased varies what mean the higher the price is the lower quality demand
Lunna [17]4 years ago
5 0

Answer:

The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. As long as nothing else changes, people will buy less of something when its price rises. They'll buy more when its price falls.

Explanation:

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Wheres the nearest bank that i can rob?
Nitella [24]

Answer:

it's depends on your current location.....

Explanation:

and I don't know about your location... sorry...

hope it's help you.....

3 0
2 years ago
Which of the following is NOT one of the three basic economic questions?
ololo11 [35]
The answer s "How to Produce it".
This is not one of the three basic economic questions.
Mostly what they usually asks is what to produce base on the needs of the consumers, where to produce it in where people really are needing it and who will consume what is produced, they may be rich people, etc.
4 0
3 years ago
In the "dominant-minority group relations" continuum, ____ is lowest on both tolerance and equality
Law Incorporation [45]
Who was allowed to rule Rome and establish an empire in place of the Roman public
6 0
3 years ago
TeaForMe is a tea company that considered branching out into the snack food business. The TeaForMe team offered many new ideas s
musickatia [10]

Answer:

In the new-product development process, the TeaForMe company is in the idea screening stage

Explanation:

The new-product development process has 8 stages that are:

-Idea generation: is when the company looks for new ideas.

-Idea screening: the company evaluates the ideas and filters them to drop the bad ones and pick the good ones.

-Concept development and testing: is when the company develops and evaluates the product concept.

-Marketing strategy: the company creates the marketing strategy to introduce the product to the market.

-Business analysis: the company evaluates if the idea is a good business.

-Product development: is when the concept is developed into a physical product.

-Test marketing: the company evaluates the product and the marketing strategy in the market.

-Commercialisation: this refers to launching the product to the market.

According  to this, the answer is that in the new-product development process, the TeaForMe company is in the idea screening stage because they generated a new idea an then, evaluated that idea and decided to drop it because it was inconsistent with the organization's new-product strategy.

5 0
3 years ago
Which of the following is considered a capital asset for federal income tax purpose?
Alex73 [517]

Answer:

b) Land used in your business

Explanation:

For tax purposes the IRS classifies capital assets as those that have a productive life of more than one year and is not normally sold during the course of a business's operations.

Capital assets are a type of production cost, they are used in the production process to generate revenue.

They are expensed over the useful life of the asset in the form of depreciation.

Land is an example of capital assets for the purpose of federal income tax.

It provides the site of production and is not an item that is sold in the short run. Rather it is used over several years.

5 0
3 years ago
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