The demand for the alternative assets (substitutes) declines.
<h3><u>
What is demand?</u></h3>
- Demand in economics refers to a consumer's readiness to pay a particular price for goods and services as well as their desire to buy them.
- Demand for a good or service typically declines when its price goes up.
- The amount needed will rise when a product's price drops, in a similar manner.
- Consumers and businesses are quite familiar with the idea of demand because it makes sense and happens organically throughout the course of almost any day.
For instance, when a product's pricing is low, shoppers who are keeping an eye on it will buy more of it. When costs increase, such as during a change in season, consumers may buy less or even nothing at all.
20% / 2 = 10%
14% / 2 = 7%
10% + 7% = 17%
The demand for the alternative assets (substitutes) declines.
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Answer:
$525,000
Explanation:
The amount to be recognized as research and development expense for the year includes the cost of research and development services performed by Key Corp. for Orr, the cost incurred on testing of pre-production prototypes and models as well as the cost of testing in search for new products or process alternatives,
In other words, all costs incurred would be expensed since no of them met the capitalization criteria as per generally acceptable accounting principles
In order to help the
student expand his/her knowledge I will help answer the question. This in hope
that the student will get a piece of knowledge that will help him/her through
his/her homework or future tests.
Services cannot be
inventoried, this is a characteristic that can be used to guide the design of
service systems. That is because in design organizations is one of the things
that they remark. They cannot inventory services. The correct answer is
Services cannot be
inventoried.
I hope it helps,
Regards.
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The price elasticity of a good will tend to be larger the longer the relevant time period.