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Monica [59]
3 years ago
6

g An increase in demand is represented by a a. movement downward and to the right along a demand curve. b. movement upward and t

o the left along a demand curve. c. rightward shift of a demand curve. d. leftward shift of a demand curve.

Business
1 answer:
Lana71 [14]3 years ago
4 0

Answer: c. rightward shift of a demand curve.

Explanation:

When there is movement along the demand curve, this is due to a change in the price of the good.

However, an increase in demand is noted by a rightward shift in the Demand curve. This is to signify that the demand has changed even though the price had remained the same. This shift is meant to signify that something else apart from price has caused an increase in demand such as an increase in income. After the shift, the price will have to change to reflect a new Equilibrium which will be the new intersection point with the Supply Curve.

I have attached a graph showing what happens when Quantity Demand increases.

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No more than two pages and should include the most important information from each section of the plan. it should open with a compelling story to persuade the reader that the business is going to succeed. then it should support the statement gathered through market research.
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Evelyn, who owns and operates Eve's Farm & Garden Company, agrees to sell Hill & Dale Produce, Inc., fifty bushels of ap
IrinaK [193]

Answer:

The answer is: A) breached

Explanation:

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Economists generally agree that increases in the minimum wage increase employment.a. TRUEb. FALSE
andreyandreev [35.5K]

Answer:

b. FALSE

Explanation:

Economists do not have a unanimous consensus that an increase in the minimum wage will cause greater employment opportunities. In fact, the opposite is the case because research shows that when the minimum wage is increased, there is less demand for low-skill workers. Given that these firms would be paying more, they would want to only employ those that have a high-skill set and thus save their organization of some funds. Since businesses are not charity organizations, they must make decisions that will benefit them.

5 0
3 years ago
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,650 pounds of materia
Nuetrik [128]

Answer:

Direct material price variance= $3,720 favorable

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<u>To calculate the direct material price variance, we need to use the following formula:</u>

<u></u>

Direct material price variance= (standard price - actual price)*actual quantity

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Direct material price variance=$3,720 favorable

3 0
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Desks by Daisy sells a student desk for $100 per unit. The variable cost per desk is $40 and Daisy's fixed costs of producing th
Crank

Answer:

250

Explanation:

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Breakeven quantity = fixed cost / price – variable cost per unit

$15,000 / (100 - 40)

$15,000 / 60

250

4 0
3 years ago
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