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galben [10]
3 years ago
8

Suppose the price of gasoline increases and that sport utility vehicles get poor gas mileage compared to other available cars. O

ne would expect: Select one: a. the demand for gasoline to decrease. b. the demand for sport utility vehicles to decrease. c. the demand for sport utility vehicles to increase. d. the quantity of sport utility vehicles demanded to decrease.
Business
1 answer:
a_sh-v [17]3 years ago
7 0

Answer:

b

Explanation:

If the sport utility vehicle has a bad mileage, it means that it burns fuel quickly, so you would have to buy gasoline more frequently.

sport utility vehicle is a complement for gasoline

Complementary goods are goods that are consumed together

If the price of gasoline increases, it would become more expensive to maintain sport utility vehicle. As a result, the demand for sport utility vehicle would decrease. this would shift the demand curve for sport utility vehicle inward.

A increase in the price of gasoline would result in a decrease in the quantity demanded of gasoline and not a reduction in demand.

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sergiy2304 [10]

You need to know how many hours it took these workers to make the rugs to determine the labor cost.

4 0
3 years ago
On January 1, Year 1, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,
Lelu [443]

Answer:

The interest revenue will Savor record in Year 1 on this lease at 9% is $347,697

Explanation:

Present value of Lease Payment = $4,561,300

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Remaining Balance = $3,863,300

Interest Revenue for Year 1 at 9% = $3,863,300 × 9%

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8 0
3 years ago
The chart shows a sample paycheck stub. The chart shows that federal and state taxes are added to employee pay. Withheld from em
skelet666 [1.2K]

Answer:

Withheld from employee pay.

Explanation:

Your paycheck stub should show the following withholdings:

1) The Federal Insurance Contributions Act (FICA) taxes include:

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2) Federal income taxes (depends on income bracket)

3) State income taxes (depends on state taxes and income brackets, not all states collect them)

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6 0
3 years ago
Read 2 more answers
Which of the statements is true of the long‑run industry supply curve (LRIS)? External diseconomies result in an increasing cost
Xelga [282]

Answer:

The correct answer is External economies result in a decreasing cost industry and a downward sloping LRIS curve.

Explanation:

Solution:

From the given question stated, the best statement that sis true of the long‑run industry supply curve (LRIS) is, because of external economies of scale, a larger or bigger quantity of the product is offered at a lower price which is a decreasing/reducing cost industry with an exception to the Law of Supply),the industry supply curve is downward sloping.

6 0
3 years ago
Merck is one of world's biggest pharmaceutical companies. It originated in Germany late in the seventeenth century with operatio
Bogdan [553]

Answer:

c. This is not plagiarism

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Although the fact that Merck operates in charitable ventures may be implied in the source material, this is not plagiarism as it is not said how exactly Merck "inspires people throughout the organization". The student material also refers to different facts which are not found in the source material. Therefore, it is not plagiarism.

6 0
3 years ago
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