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2 years ago

What might cause a demand curve to shift to the right?

Business

1 answer:

dolphi86 [110]2 years ago

6 0

Answer:

D. An increase in the price of a substitute

Explanation:

<h2>Law of Demand</h2>

The law of demand states that as the price of a product of good <u>rises</u>, the <em>quantity demanded </em>for that good or product <u>falls</u>; conversely, if the price of a product or good <u>falls</u>, then the <em>quantity demanded</em> for that good <u>rises</u>.

Given the inverse relationship between the price of a good and the quantity demanded for that good, then its graph will show a <em>downward-sloping</em> demand curve.

A <u>change in demand</u> represents the leftward- or rightward-shift of the entire demand curve. This may be caused by the following factors:

Changes in the income of buyers

Changes in consumers' preferences,
A change in the price of related goods (<em>substitutes</em> and <em>complements</em>),
Number of buyers within a market, and
The buyers' expectation on the future prices of goods.

<h3>Types of Related Goods: </h3>

<u>Substitutes</u>: two similar goods that fulfill about the same needs or wants of the buyers.

Examples of substitute goods: Coca-Cola and Pepsi, butter and margarine.

<u>Complements</u>: these are two goods that are consumed together. When the price of one good goes up, the demand for the complement good declines.

Examples of complements: Tennis racket and tennis ball, ink cartridge and printers.

<h2>Answer:</h2><h3><u>Substitute goods:</u></h3>

If the price of one good rises, then the buyers will demand more of the substitute good with a lower price. This causes a rightward-shift on the demand curve of that substitute good.

This description matches <u>Option D</u>: an increase in the price of a substitute.

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Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is

Amiraneli [1.4K]

Answer:

total cost of mine = $1,400,000 + $400,000 = $1,800,000

estimed number of tons of ore = 1,000,000

residual value of land at the end of the mine = $200,000

depletion expenses per ton of ore = ($1,800,000 - $200,000)/1,000,000

= $1,600,000/1,000,000

= $1.6/ton

total depletion expenses for the first year = Ddepletion expenses per ton x number of ton of ore produced

= $1.6 x 180,000

= $288,000

Explanation:

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3 years ago

In the case of a small country, producer surplus Group of answer choices is not changed by tariffs or quotas. increases the same

rusak2 [61]

Answer:

increases the same amount with tariffs and equivalent quotas.

Explanation:

In Economics, a surplus refer to the amount by which the quantity supplied of a good exceeds the quantity demanded of the same good.

A producer surplus is the amount by which a buyer is willing to pay for a particular good minus the cost of producing the same good.

On the other hand, a consumer surplus is the amount by which a buyer is willing to pay for a particular good minus the amount the buyer actually pays for it.

In the case of a small country, a producer surplus increases (raises) the same amount (an amount a buyer is willing to pay for a good minus the cost of producing the good) with tariffs and equivalent quotas.

A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.

Generally, tariffs can reduce both the volume of exports and imports in a country. In order to generate revenues, domestic government make use of tariffs while quotas do not generate any revenue for them.

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3 years ago

In what way might globalization of the world economy be responsible for the trend of declining labor unions?

Natali5045456 [20]

Hello, the answer would be D: gl<span>obalization encourages companies to seek lower wages and to operate in other countries.

Think about Wallerstein's dependency theory: countries in the semiperiphery are somewhat dominated by core countries, and countries in the periphery provide inexpensive labor to the world economy.

Hope this helps! :)</span>

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3 years ago

Which component of a balance sheet includes a business’s debts, or the money that it owes to creditors for past transactions?

Volgvan

Answer:

1) Liabilities

2) Liabilities

Explanation:

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3 years ago

firms in a particular industry that informally learn to charge the same price as the largest firm in that industry are an exampl

sergiy2304 [10]

When firms in a particular industry informally agree to charge the same price as the largest firm in that industry, it is called: tacit collusion.

Tacit conspiracy is a conspiracy between challengers, which don't explicitly exchange information and achieve an agreement about the collaboration of conduct. There are two types of wordless conspiracy- combined action and conscious community. In a combined action also known as combined exertion, challengers change some information without reaching any unequivocal agreement, while a conscious community implies no communication. In both types of wordless conspiracy, challengers agree to play a certain strategy without explicitly saying so. It's also appertained to as oligopolistic price collaboration or wordless community.

Learn more about the Firm here: brainly.com/question/25623677

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2 years ago