Answer:
commodity are the goods and services sold to consumers
This shift in demand was likely the result of the improved technology of MP3 players.
Improved technology brought improved quality of MP3 players, which meant that more people were interested in buying them. MP3 players are far more convenient than CD players, because they are smaller, more easily portable, and overall better.
Answer:
Supply side is the view point of the Firms or the Businesses.
Explanation:
As the law of demand deals with the consumers side, the law of supply deals with the suppliers or the firms/businesses.
this tries to explain the factors that affect the supply, such as the prices of the substitutes and complements, the price of a commodity itself, taxes, government subsidies, technological influences, etc...
in this question, the 1st option, consumer is wrong. However, in certain situations, Government can be acted as a "supplier" (if there is a government monopoly on the supply of a good or a service", and government is a heavy influencer of supply through the implementaion of taxes and subsidies!
Answer:
Anderson Cleaning Service's liabilities were $2,160
Explanation:
Basing on accounting equation:
Total asset = Liabilities + Owner's (or Stockholders') Equity
Liabilities = Total asset - Owner's (or Stockholders') Equity
At the end of a recent year, Anderson Cleaning Service had total assets of $5,810 and equity of $3,650
Anderson Cleaning Service's liabilities = Total asset - Equity = $5,810 - $3,650 = $2,160
