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lora16 [44]
3 years ago
6

Frank's Heating and Air Conditioning Company specializes in electric heat pumps. Frank keeps track of the price of natural gas,

knowing that Group of answer choices natural gas creates more environmental greenhouse effects than coal. an increase in the price of natural gas will increase demand for his electrical heating systems. gas heating systems and electrical heating systems are complementary goods. when the price of natural gas goes up, the quantity demanded also rises. the demand for natural gas is price elastic.
Business
1 answer:
vivado [14]3 years ago
7 0

Answer:

an increase in the price of natural gas will increase demand for his electrical heating systems

Explanation:

In this question, electrical heat pumps and natural gas are substitutes

Substitute goods are goods that can be used in place of another good.

if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.

If the price of natural gas increases, the quantity demanded of natural gas would reduce in line with the law of demand. 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

As a result of the increase in price of natural gas, consumers would increase their demand for electric heat pump and there would be an increase in demand for the good

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One the concepts that economists believe in a classical economy are that "a change in money supply can affect GDP." To add up, a traditional economy mainly bases on original customs and traditions in their economic system, wherein among the common examples of these are rural farms. 
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3 years ago
Carter Containers sold marketable securities, land, and common stock for $37.0 million, $13.0 million, and $35.0 million, respec
myrzilka [38]

Answer:

$16.8 million

Explanation:

Calculation to determine What amount should Carter report as net cash from investing activities

($ in millions)

Cash Flows from Investing Activities:

Proceeds from sale of marketable securities $37

Proceeds from sale of land $13

Less Purchase of equipment for cash ($23)

Less Purchase of patent for cash($10.2)

Net cash inflows (outflows) from investing activities $16.8

Therefore the amount that Carter should report as net cash from investing activities is $16.8 million

7 0
3 years ago
A national survey of small-business owners was conducted to determine the challenges for growth for their businesses. The top ch
soldi70 [24.7K]

Answer:

0.18

Explanation:

Let P(E) = People who think Economy is a challenge = 0.46

P(W) = People who think finding qualified worker is a challenge = 0.37

P(W and E) = People who think both economy and finding worker is a problem = 0.15

P(E/W) = People who think economy is a problem given that finding worker is a challenge to growth as well = P(W and E)/ P(W) + P(E) = 0.15/0.46+0.37 = 0.18

3 0
3 years ago
Coronado Industries produces face cream. Each bottle of face cream costs $11 to produce and can be sold for $15. The bottles can
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Answer:

c

Explanation:

Profit = Total revenue - cost

Profit if bottle is sold as face cream = $15 - $11 = $4

Profit is bottle is sold as sunscreen = $21 - ($16 + $11) = $-6

Processing the bottle further into sunscreen increases costs more than revenue and thus should not be processed further

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3 years ago
Which one of the following statements about risk-based financing is false?
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Answer:

Explanation:

is d

4 0
3 years ago
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