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professor190 [17]
2 years ago
8

________ is an organized movement of citizens and government agencies to improve the rights and power of buyers in relation to s

ellers.
Business
1 answer:
harina [27]2 years ago
8 0

Answer:

Consumerism: An organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers.

Explanation:

hope you have a good day! God bless you and have a good day!

MERRY CHRISTMAS AND HAPPY NEW 2022 YEAR

You might be interested in
A price ceiling set below the equilibrium price in a perfectly competitive market A. always reduces producer surplus and increas
anygoal [31]

Answer:

A

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

Because price is below equilibrium price, consumer surplus would increase and producer surplus would reduce

7 0
2 years ago
If macaroni and cheese is an inferior good, then an increase in ____
Anvisha [2.4K]

Answer:

The correct answer is option C.

Explanation:

An inferior good is a good that has a negative income elasticity. It means that when consumer's income increases the demand for inferior goods decreases and vice versa.

If macaroni and cheese is an inferior good, then an increase in consumer's income will cause the demand for macaroni and cheese to decrease. This decrease in demand will cause the demand curve to shift to the left.

5 0
2 years ago
A businessperson is setting up a new automatic car wash and is choosing between two fully automated machines. The first machine
Grace [21]

Answer:

i wil do it asap asap

Explanation:

asap asap

5 0
3 years ago
arter Company sells merchandise on account for $4,000 to Hannah Company with credit terms of 2/10, n/30. Hannah Company returns
timama [110]

Answer:

The answers are:

  • Cr Accounts receivable $4,000
  • Dr $3,332 Cash
  • Dr $68 Sales discount
  • Dr $600 returned merchandise (damaged)

Explanation:

The credit terms of 2/10, n/30 means that if Hannah Company pays within ten days, they will get a 2% discount, or they have thirty days to pay the full receipt.

Hannah's check should be for:

($4,000 - $600) x 0.98% = $3,400 x 0.98% = $3,332  

Arter Company should record the following entries:

Cr Accounts receivable $4,000

Dr $3,332 Cash

Dr $68 Sales discount

Dr $600 returned merchandise (damaged)

6 0
3 years ago
ABC Residential Investors, LLP, is considering the purchase of a 120-unit apartment complex in Steel City, Pennsylvania. A marke
hoa [83]

Answer:

The estimate value of the subject property is $8,269,200

The other information that would be desirable in reaching a conclusion:

The closeness of the property to central business districts as the closer it is the higher the asking price.

The estimate was solely based on revenue, the applicable costs have been ignored.

The average taken might not be a good indication for the subject property because the property might have unique features

Explanation:

The formula for Gross Rent Multiplier is given  Property Price / Gross Monthly Rental Income.

In determining the estimate value of the subject property ,we calculate the gross rent multiplier of the new property,then multiply it  with the annual rental income.

In ascertaining the GRM of the new property we take the average GRM of the two similar properties in the same area.This is because the new property judging from number of units, lies in-between the other two properties.

GRM for Oaks

GRM=$9000000/($550*140)

GRM =116.88

GRM for Palms

GRM=$6,600,000/($650*90)

GRM =112.82

The average GRM=(116.88+112.82)/2

                               =114.85

Subject property price=114.85*(120*$600)

                                     =$8,269,200

4 0
3 years ago
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