All categories

3 years ago

If buyers’ incomes increase, the demand curve will shift to the _ and the prices will _.

Business

1 answer:

taurus [48]3 years ago

8 0

Answer:

Demand curve will shift to the right, the prices will increase.

Explanation:

An increase in the income of the consumer of will cause the demand curve of the consumer to shift to the right. This rightward shift in the demand curve will cause the demand curve to intersect the supply curve at a higher point.

As a result, the equilibrium price level and the equilibrium quantity will increase. A decline in the income, on the other hand, will cause both quantity and price to decline because of a leftward shift in the demand curve.

You might be interested in

Six Sigma process improvement efforts are carried out by project teams consisting of people serving in specialized roles such as

bagirrra123 [75]

Answer:

Champion

Explanation:

Based on the information provided within the question the specialized role being mentioned is a certified Six Sigma Champion. Like mentioned in the question this is a professional who has a vast number of years of experience and is very proficient in understanding and applying Six Sigma Methodology, as well as having the authority and resources need to do so.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one uni

noname [10]

Answer:

DM variances:

Price 2650

Quantity -4,800

Labor Variances:

Rate:-2,000

Efficiency 1400

Explanation:

DM variances:

Price

(std - actual) x actual quantity

(2.4 - 2.2) x 13,250 = 2,650

Quantity

(standard quantity - actual quantity) x std price

(7.5x1,500 - 13,250) x 2.4 = -4,800

Labor Variances:

Rate:

(std rate - actual rate) x actual hours

(7 - 9) x 1,000 = -2,000

actual rate = actual cost/actual hours = 9,000/1,000 = 9

Efficiency

(std hours - actual hours) x std rate

(1,500 x 0.8 - 1,000) x 7 = 1400

7 0

2 years ago

On December 1, 2016, Fine Dining Products borrowed $84,000 on a 12%, five-year note with annual installment payments of $16,800

kenny6666 [7]

Answer:

$16,800

Explanation:

The amount of the note payable as the current position of long term notes payable on the balance sheet as of December 31, 2016 can be calculated by just dividing the principal amount by the number of periods it has been borrowed for

Calculation: 84000/5 = $16,800

3 0

3 years ago

The phases of project management are: A. planning, scheduling, and controlling. B. planning, programming, and budgeting. C. plan

o-na [289]

Answer:

A. planning, scheduling, and controlling.

Explanation:

The phases of project management are -

1. Initiation

2. Planning

3. Execution - Scheduling

4. Control

5. Close

Option A is correct because the answer includes the 2nd, 3rd, and fourth phases of project management.

Option B is wrong because programming is not a phase of project management. Option C is a combination of management functions. Therefore, it is incorrect. Option D is not correct as the service project is not different from the manufacturing project. Option E is the project management technique.

4 0

3 years ago

Two goods are complements when a decrease in the price of one good a. decreases the quantity demanded of the other good. b. decr

Alex777 [14]

Answer: Option A

Explanation: In simple words, complement goods refers to those goods which are used together for example - diesel and diesel car. If the price of diesel increases then the demand for diesel cars will decrease as the consumers will shift to petrol cars or other such means.

These goods depicts negative relationship between price of one and demand for another.

Hence from the above we can conclude that the correct option is A .

7 0

3 years ago

If buyers’ incomes increase, the demand curve will shift to the _____ and the prices will _____.

If buyers’ incomes increase, the demand curve will shift to the _ and the prices will _.