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navik [9.2K]
2 years ago
11

On a supply and demand graph, if the demand curve shifts to the left, what would be the resulting effec

Business
1 answer:
Shtirlitz [24]2 years ago
5 0

Answer:

A).price will fall and quantity will fall

Explanation:

A reduction in demand causes the demand curve to shift to the left. The demand for a good may decrease due to a fall in incomes( assuming a normal good), a rise in the price of a substitute commodity, increases in the price of a compliment product, or changes in customer preferences.

Reduction in demand means a product is less desirable in the market. Its price will fall as sellers try to woe buyers to purchase it. The quantity supplied will also decline as few customers will be willing to buy the product.

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What would bill fall under, he applied and acquired for a new credit card and uses it regularly?
lidiya [134]

If  he applied and acquired for a new credit card and uses it regularly he will fall under: Voluntary.

<h3>What is credit card?</h3>

Credit card can be defined as the card that enables the card holder to carryout transactions such as purchases online in which the holder is expected to payback the amount used for the purchases.

If a obtain a new credit card which he use often or frequently, bill will tend to fall under voluntary because he voluntary applied for the credit card without being comply to do so.

Therefore bill will fall under voluntary.

Learn more about credit card here:brainly.com/question/8432538

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4 0
2 years ago
What may a vertically integrated company need to do when there are improvements in technology at the supply stage of the value c
Gelneren [198K]

Answer:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

Explanation:

You didn't provide the options but I searched online and got the options from which the correct answers were chosen.

Vertical integration occurs when the suppliers or retailers is being controlled or owned by a company and hence, control its supply chain. This brings about reduction in costs and the improvement in efficiencies.

When there are improvements in technology at the supply stage of the value chain, the company will need to:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

3 0
3 years ago
Andy wants to install a new internet connection. He went to take the fastest he can get. What are the maximum speeds for
tresset_1 [31]
Please provide adequate options to choose from.
4 0
3 years ago
Read 2 more answers
If a product's demand rises as income rises, ceteris paribus, the product is
Morgarella [4.7K]

Answer:

The answer is D because...

Explanation:

if you think about it if the income is rising and so is the products demand then it would be considered an inferior but then it says "ceteris parbus, the products is..." then the name of that would onesty be D

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3 years ago
Binayak began the business by placing Rs.6,00,000 into a business.<br>​
Mnenie [13.5K]

Answer:

THAT A SENTENCE NOT A QUESTION

Explanation:

8 0
3 years ago
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