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gladu [14]
3 years ago
11

Says that the quantity demanded of a good folls when the price of 1 point the good rises.

Business
1 answer:
Vedmedyk [2.9K]3 years ago
8 0

Answer:

B) The Law of Demand

Explanation:

The correlation between the volume demanded, and the price of a good is explained by demand law. As per this law, price and the quantity demanded have an indirect or inverse relationship. An increase or decrease in price results in quantity demanded moving in the opposite direction.

Should the prices of a product or service increase, its demand falls.

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6 0
3 years ago
What can cause the market demand curve for day-old bread -- an inferior good -- to shift rightward (an increase in demand)
Sedbober [7]

A factor that can cause the market demand curve for day-old bread to shift rightward is a decrease in income.

<h3>What is an inferior good?</h3>

An inferior good is a good whose demand falls when income rises and increases when income falls. An inferior good is a good whose demand increases when income falls.

<h3>What is an increase in demand?</h3>

An increase in demand occurs when the demand for a good increase as a result of factors other than a change in the price of a good. When there is an increase in demand, there would be a shift to the right of the demand curve.

For more information about the increase in demand, please check: brainly.com/question/25871620

5 0
2 years ago
A company received a bank statement with a balance of $ 6 comma 300. Reconciling items included a bookkeeper error of $ 400long
larisa [96]

Answer:

Bank adjusted balance 5,720

Explanation:

6,300

-840 outstanding check

+260 deposit in ransit

5,720 bank adjustment balance

<em><u>Notes:</u></em>

  • the bookkepper error needs to be done on books cash account
  • the service charge are included in the bank statemnt, is at adjustment to the book cash
  • the interest revenue is also 22 an adjustment for the book cash account
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3 years ago
Let's assume a project has high up-front costs, and high benefits that occur far into the future. If the project uses a higher i
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7 0
2 years ago
Andover Systems has a standard variable overhead rate of $5.60 per machine hour, and each unit produced has a standard time allo
artcher [175]

Answer:

Andover's variable-overhead efficiency variance is $-42,000 Unfavourable

Explanation:

According to the given data we have the following:

Standard overhead rate=$ 5.60 per hour    

Actual Hours=110,000 hours    

Standard hours=47,000 units x 2.5 hours per unit    

=117,500 hours

Therefore, in order to calculate the Andover's variable-overhead efficiency variance we would have to use the following formula:

Variable Overhead efficiency variance=Standard overhead rate x (Actual hours - standard hours)

=$ 5.60 x (110,000 - 117,500)    

=$-42,000  Unfavourable

7 0
3 years ago
Read 2 more answers
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