1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Len [333]
3 years ago
5

Hich best explains how the law of demand affects consumers?

Business
1 answer:
Anuta_ua [19.1K]3 years ago
8 0

Answer:

It helps consumers tell producers when prices are too high.

Explanation:

The law of demand affirms that an increase in price results in reduced demand. It means that when prices increase, consumers will buy fewer quantities of a product or service. The law of demand shows the relationship between price and the quantity of a product consumers are willing to buy in the market.

Consumers can communicate with producers through the volume of products purchased. When the quantity purchased is low, producers will know the set prices are high.

You might be interested in
Which types of postsecondary education are examples of traditional academic education? Check all that apply.
SOVA2 [1]
Associate degree is a 2 year college degree & a Bachelors’s degree. They would be considered a traditional education.

An apprenticeship studies under a master of a trade.

A technical school degree is training in a field specific to what you want to get a job in, like air conditioning repair.
5 0
3 years ago
How can marketing affect the society?
k0ka [10]

Answer:

Marketing drives a consumer economy, promoting goods and services and targeting consumers most likely to become buyers. Higher sales for a business that employs successful marketing strategies translate into expansion, job creation, higher tax revenue for governments and, eventually, overall economic growth.

3 0
3 years ago
One of the four most fundamental factors that affect the cost of money as discussed in the text is the current state of the weat
borishaifa [10]

GOOGLE DUH IT 2019 PEOPLE AND ARETN U SUPPOSE TO BE IN SCHOOL KIDDO

3 0
3 years ago
Government Purchases $15 Personal Consumption 120 Gross Investment 25 Consumption of Fixed Capital (depreciation) 5 Exports 8 Im
beks73 [17]

Answer: $156

Explanation:

The gross domestic product is referred to as the value of the final goods which a particular country produces for that economy.

Based on the information given, the GDP will be calculated as:

GDP = C + I + G + X - M

where C = consumption = $120

I = Investment = $25

G = government purchases = $15

X = exports = $8

M = imports = $12

GDP = C + I + G + X - IM

GDP = $120 + $25 + $15 + $8 - $12

GDP = $156

4 0
3 years ago
Cost of goods sold for a merchandising company, direct materials and commissions are all examples of
katovenus [111]

For a merchandising company, the cost of goods sold, direct materials, and commissions are <u>variable costs</u>.

<h3>What is a variable cost?</h3>

A variable cost is the cost element that remains constant per unit while the total changes.  Other examples of variable costs include direct labor, variable selling and administrative expenses, including commissions and shipping costs.

Thus, for a merchandising company, the cost of goods sold, direct materials, and commissions are all examples of <u>variable costs</u>.

Learn more about variable costs here: brainly.com/question/5965421

8 0
2 years ago
Other questions:
  • _______ are fasteners that connect parts and are intended to resist pulling forces.
    13·1 answer
  • The following information is provided by Doppler SystemsProject A Project B Project C Project DInitial investment $426,000 $214,
    6·1 answer
  • من الامثلة على الازمات المادية الملموسة في المنظمات​
    6·1 answer
  • Glossamer Inc., a company owned by George and Alex, faces huge debts and is eventually shut down due to bankruptcy. The company'
    9·1 answer
  • Sacrificing your own self interests for the good of the overall goal is ______.
    9·2 answers
  • b. What kinds of information from previous budgets would be helpful for Talar to have on hand when she presents her budget to th
    9·1 answer
  • Consider the following story: When Joe didn't have renter's insurance, he was very careful not to leave candles lit in his apart
    15·1 answer
  • Sheridan Company issued $6,500,000 of 6%, 10-year bonds for $5,614,000. The straight line method of amortization is to be used.
    5·1 answer
  • Media Literacy gives you the ability to do what? A. operate complicated technologies, B. Use media production tools to craft mes
    12·1 answer
  • A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the _____ distr
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!