1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Genrish500 [490]
3 years ago
5

In year 1 the average price of X is $10, and in year 2 the average price of X is $23. If consumers buy more units of X in year 2

than in year 1, it follows that a. the law of supply does not hold for good X. b. demand for good X could be lower in year 2 than in year 1. c. supply of good X could be less in year 2 than in year 1. d. good X buyers have received an increase in income between year 1 and year 2, and good X is a normal good. e. good X buyers have received a decrease in income between year 1 and year 2, and good X is a normal good.
Business
1 answer:
xeze [42]3 years ago
8 0

Answer:

D

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

If good X is a normal good and the consumers income increases, the demand for good X would increase

It would have been that the Law of demand not supply that didn''t hold

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

You might be interested in
Shay is preparing to go into her meeting with her supervisor, Jill, to discuss her annual evaluation. She knows that there have
ehidna [41]

Shay was trying to: resist being defensive.

<h3><u>Explanation:</u></h3>

The term resist refers to the act of withstanding. It is an act through which a person fights firmly and strongly. The act through which an individual induces threats through the behaviour refers to be defensive. It makes them to be unique in the task they do. A person will be resist and defensive when he or she knows that their work is good enough and there will be no pint to prove them wrong or blamed.

In the given scenario, Shay knows that she performed better and he prepares herself not to be angry in the meeting held by her supervisor. She prepares herself with the entire question that will be asked her by the supervisor and how she must react to those questions. Thus, Shay was trying to: resist being defensive.

5 0
3 years ago
Pharmaceutical Dispensary borrowed $ 630 comma 000 on January​ 2, 2018​, by issuing a 15 % serial bond payable that must be paid
OLga [1]

$273 ,000 being the equal  installments for  all the three years

Explanation:

I year interest  = $ 630,000 ×15÷100 = 94,500

I year interest  = $ 630,000 ×15÷100 = 94,500

II year interest = $420,000×15÷100 =  63,000

II year interest = $420,000×15÷100 =  63,000

III year interest = $210 ,000×15÷100 =  31,500

III year interest = $210 ,000×15÷100 =  31,500

Total interest = 94,500+63,000+31,500 = 189.000

Total interest = 94,500+63,000+31,500 = 189.000

Installments payment with interest for each year is=

(630,000 + 189,000 = 819,000÷ 3 = 273,000)

(630,000 + 189,000 = 819,000÷ 3 = 273,000)

  = $273 ,000 being the equal  installments for  all the three years

6 0
3 years ago
Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33,500 to tear down
Svetlanka [38]

Answer:

Explanation:

The journal entry is shown below:

Land A/c Dr $470,500

Land Improvement A/c Dr $87,800

Building A/c Dr $1,452,200

 To Cash A/c                               $2,010,500

(Being these costs are recorded)

The computation of the land is shown below:

= Purchase cost of new plant + tear down cost + fill and level the lot cost

= $390,000 + $33,500 + $47,000

= $470,500

7 0
3 years ago
Ten years ago, Oanh bought a house for $200,000 in Chico. She put in a cash down payment of $40,000 and took out a loan for $160
krok68 [10]

Answer:

The amount of equity Oanh have in her house is $300,000.

Explanation:

Equity can be described as the difference between the amount that is owed on a mortgage and the current worth of the home.

For this question, the amount of equity Oanh have in her house can be calculated as follows:

Loan amount = $160,000

Part of the loan paid = $60,000

Current worth of the house = $400,000

Amount owed = Loan amount - Part of the loan paid = $160,000 - $60,000 = $100,000

Equity = Current worth of the house - Amount owed = $400,000 - $100,000 = $300,000

Therefore, the amount of equity Oanh have in her house is $300,000.

5 0
3 years ago
Four-month-old baby oscar is a participant in a preferential-looking experiment. researchers show oscar two photos, one of which
Elena L [17]

They will likely determine that he can differentiate his mother's face from a stranger's face and that is why he was choosing to look at her face more because it was recognizable.

5 0
3 years ago
Other questions:
  • We are evaluating a project that costs $735,200, has an eight-year life, and has no salvage value. Assume that depreciation is s
    5·1 answer
  • On April 1, Tamarisk, Inc. began operations. The following transactions were completed during the month.
    9·1 answer
  • Which of the following statements is true regarding the cumulative translation adjustment? Select one: Changes in the cumulative
    9·1 answer
  • A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. Thi
    9·1 answer
  • If a firm retains the same product for domestic and foreign​ markets, the company is demonstrating which type of product​ strate
    6·1 answer
  • What accurately describes a​ company's efforts to engage​ customers, persuasively communicate customer​ value, and build custome
    11·1 answer
  • Pagsasagawa NG angkop na kilos NG pamahalaan tungo sa pagtupad NG mga tungkulin sa pamilihan?
    8·1 answer
  • the vikings company, based in minnesota, is committed to training new employees. assuming the company uses the incremental learn
    14·1 answer
  • Descriptive account does not capture all that is involved. (T/F)true or false​
    9·1 answer
  • Give an example of one good or service produced in the United States using the market model. Justify your example using content
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!