Answer:
Increased prices typically result in lower demand, and demand increases generally lead to increased supply. However, the supply of different products responds to demand differently, with some products' demand being less sensitive to prices than others.
I guess the correct answer is the demand for tarot card readers has increased.
Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One can conclude that the demand for tarot card readers has increased.
Answer:
A
Explanation:
Working capital are the components of the current assets that represents liquidity , readily available for day to day business operation.
It is made up of cash , receivable , payable , inventory balance .
Due to the new development in the business of Butler automotive , there is an upsurge in the demand for oil which has led to the increase in the oil inventory to the tune of $5,000
This means that the required working capital of Butler also has to increase to meet up with the demand.
A business organization that is formed under federal tax law is the Limited Liability Company which is considered a corporation but is taxed like a partnership.
<h3>What is tax law?</h3><h3 />
There are some legal rules that are made by the higher authority, in which it is stated how much the state, local, and federal governments will apply the charge to the individual.
These rules are known as the tax law. Apart from the charges it also covers various things, such as procedures, policies, and penalties that are in the context of everything that has to do with tax issues.
Thus, a Limited Liability Company can be considered a corporation but is taxed like a partnership.
Learn more about Limited Liability Company from here:
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Answer:
c. one firm can produce the total output of the market at lower cost than two or more firms could.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public power company is a monopolistic business firm because they serve as the only power utility provider to the public. Also, a public power company refers to a company that provides power (electricity) utility to the general public of a society.
Hence, a firm is a natural monopoly if one firm can produce the total output of the market at lower cost than two or more firms could.
