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chubhunter [2.5K]
3 years ago
6

Why is all else held constant along a demand curve? Group of answer choices To isolate how a change in price impacts a change in

quantity supplied. To isolate how a change in income impacts the change in quantity demanded. To isolate how a change in taxes impacts the change in quantity demanded. To isolate how a change in price impacts the change in quantity demanded
Business
1 answer:
Kazeer [188]3 years ago
6 0

Answer:

To isolate how a change in price impacts the change in quantity demanded.

Explanation:

In the case of the demand the thing that should be constant is the isolation that means if there is the change in price so the same got an effect in the change in the quantity demanded. So overall we can see that both price and quantity demanded could be impacted in an isolation

Therefore the above should be the answer

Hence, the other options seems wrong

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Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated constructio
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Answer: $300,000

Explanation:

Total expected costs = cost incurred to date + estimated cost to complete

                                   = 1,200,000 + 3,600,000

                                   = 4,800,000

Percentage of completion=\frac{Cost\ incurred\ to\ date}{Total\ expected\ cost}\times 100

Percentage of completion=\frac{1,200,000}{4,800,000}\times 100

                                                 = 0.25

                                                 = 25%

Profit = contract revenue - Total expected costs

         = $6,000,000 - 4,800,000

         = $1,200,000

Cumulative gross profit = Profit × Percentage of completion

                                       = $1,200,000 × 0.25

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Therefore, Red Builders should have recognized profit at the end of year 1 in the amount of $300,000.

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Thus, from the above we can conclude that the correct option is E.

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