Answer:
increases the value of money in peoples' pockets, so people buy more goods.
Explanation:
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.
If price level falls, the value of money rises as a consumer would be able to buy the same basket of goods at a reduced price. This would induce a consumer to buy more goods.
A rise in price levels reduces the value of money in peoples' pockets, so people buy less goods.
I hope my answer helps you.
Answer:
A. 0.24
Explanation:
From the question ,
The probability that mutual funds A will rise is 40 % , i.e. , P ( A ) = 0.40
The second statement given is , the probability of rise in B with A , is 60% , i.e. , P ( B | A ) = 0.6
Therefore , to calculate the probability that both funds will increase is given by P( B n A ) .
Since ,
P ( B | A ) = P (B n A) / P(A)
Now, putting the respective values -
0.6 = P(B n A) / 0.4
rearranging ,
P (B n A) = 0.6 * 0.4
P(B n A) = 0.24
probability that both the fund A and fund B will rise in price = 0.24 .
If the demand for milk is relatively inelastic, the discovery will lower both price and total revenues.
Option - b
<u>Explanation:
</u>
Reducing prices to gain sales is a famous advertising tool. This type of situation arises mostly with every day products and services. If the quantity is increased, the demand will be inelastic this will lower both price and total revenue. Total revenue is reduced as price is reduced when demand is inelastic. When demand is inelastic, instead of reducing total revenue it could be hiked by raising price instead of reducing price.
Inelastic demand: In Economics, inelastic demand is even when the price of the product increases or decreases, the purchase rate of the product will be the same.
Answer:
$275,000
Explanation:
Cash collections in April = 70% of sales in April +20% sales in March + 10% sales in Febuary
= 70% * $250,000 + 20% * $350,000 + 10% * $300,000
= $275,000
