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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.

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​an object's _____ are the tasks or functions that the object performs when it receives a command to do so.
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An object has methods that are the tasks of functions that the object performs when it receives a command to do so.  When you are commanding an object to perform something, you are using a message to send the object notice of what to do. Each object has attributes that define them compared to others and they each product a different end product. 
7 0
3 years ago
Move point A to the correct position on the demand curve when price is $40. Next move point B to the correct position on the dem
LekaFEV [45]

Answera and Explanation:

% change in quantity demanded = (600 - 300)/[(600 + 300)/2]

                                                      = 67%

Therefore, The % change in quantity demanded is 67%.

% change in price = (10 - 40)/[(40 + 10)/2]

                              =   -120%

Therefore, The % change in price is -120%

price elasticity of demand

= % change in quantity demanded/% change in price

= 67/-120

= -0.558

Therefore, The price elasticity of demand is -0.558.

3 0
3 years ago
Your friend Jon is starting a new photography business that specializes in photographs of Central Park in New York City. Because
blondinia [14]

Answer:

The face value is $4,000.

Explanation:

The face value of a bond is also called its spar value. It is the price of the bond when it is issued first. The price of a bond changes with changes in the interest rates but the face value remains constant.  

Here, the price of the bond when it was issued for the first time is $4,000. so its face value is $4,000. The price at maturity is $5,000. The bond is being discounted at a premium or above par value.

6 0
3 years ago
What do salary caps used by sports leagues limit? the amount the league can pay a single payer each year the total amount the le
nlexa [21]

Answer:

the total salaries a league can pay each year

Explanation:

Salary caps used in the sports league by the league organizations basically attempt to limit the salaries of sports persons as the cap is on each league.

This basically helps the league for tax savings as there is limited liability on the league organizers for payment of salary and tax thereon.

This helps in controlling over payment of salary and extra benefits in the form of salary.

Thus correct option is it is cap on payment of salary.

4 0
4 years ago
What is the main thing you can learn from an income statement?
balandron [24]
Your detailed expenses cost of sales and if the business made a profit or loss.
7 0
3 years ago
Read 2 more answers
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