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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 rises, the quantity demanded for that good or product falls; conversely, if the price of a product or good falls, then the quantity demanded for that good rises.

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

A change in demand 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 (substitutes and complements),
Number of buyers within a market, and
The buyers' expectation on the future prices of goods.

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

Substitutes: 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.

Complements: 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>Substitute goods:</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 Option D: an increase in the price of a substitute.

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At the beginning of the year, your neighbor bought 250 shares of Nu-Tek Corporation and paid $104.32 per share. The share price

Vesna [10]

Answer:

Return on investment= 87.87 %

Explanation:

Dollar return on investment is the sum of the capital gains and the dividend received all expressed as a percentage of the cost of the investment.

Total cost = 250×104.32=26,080

Total capital gain = (193.65- 104.32)× 250 = 22,332.5

Dividend = $2.34 per share×250 = 585

Dollar return on Investment = (585 +22,332.5) /26080 × 100

= 87.87 %

8 0

3 years ago

We have said that strategic management is an evolution and a destination. What does this mean? Discuss in detail

damaskus [11]

Explanation:

Strategic management is an evolution and a destination due to the fact that the organizational strategy is developed in pursuit of objectives and goals. This means that action plans for achieving goals can be changed according to internal or external interference.

A company's strategy is not inert, so strategic management will be carried out according to the market situation, the internal environment and other variables, so that there is monitoring, organization and strategic coordination of the company according to its environment.

4 0

3 years ago

Consider a university that purchases replacement chairs for its classrooms. The purchasing manager knows that the annual demand

Ierofanga [76]

Answer:

b. $866

Explanation:

Annual demand from the question = D = $500

the ordering cost = S = $200

then the cost of carrying H = $15

we have to calculate the economic order quantity

= sqr(2*D*S)/H

= sqr(2 x 500 x 200)/25

= sqr(13333.3333)

this equals 115.469

which is approximately 115.5

next we have to calculate inventory ordering cost

= (D * S)/EOQ

= 200 *500/115.5

= 865.5

When approximated becomes $866

8 0

3 years ago

2. How will the presence of Amazon affect the Illini Union Bookstore (both positively and negatively) in the future

mel-nik [20]

The Illini Union Bookstore on the University of Illinois campus has partnered with Amazon to create the first pickup location for Amazon products in Illinois.

What benefits does the collaboration offer?

For orders ordered before noon and for orders placed before 10 p.m., Amazon Prime members will enjoy Free Same-Day Pickup and Free One-Day Pickup, respectively. For a six-month free trial period followed by a 50 percent discount on the standard price of Prime, students can join up for an Amazon Prime Student membership. The worry that a shipment might be harmed or stolen after it has been delivered is also removed.

How will the presence of Amazon affect the Illini Union Bookstore?

The University of Illinois campus' Illini Union Bookstore and Amazon have teamed up to provide the state of Illinois' first Amazon merchandise pickup site. Customers can have their purchases delivered to the store rather than having them transported to their homes thanks to the staffed location.

Learn more about the partnership between amazon and Illini union bookstore: brainly.com/question/17182214

#SPJ4

8 0

2 years ago

An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti

Andru [333]

<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>

8 0

3 years ago