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
r-ruslan [8.4K]
2 years ago
11

At a price of $5, Sam buys 10 units of a product; when the price increases to $6, Sam buys 8 units. Martha says Sam's demand has

decreased. Is Martha correct
Business
1 answer:
forsale [732]2 years ago
5 0

Based on the information given, Martha is incorrect. Sam's quantity demand has decreased.

<h3>What is demand?</h3>

Demand means the quantity of a good and services that consumers are willing and able to buy at various prices during a given period of time

In this case, Martha is incorrect. This is because Sam's quantity demanded has decreased, and his demand has not changed.

Learn more about demand on:

brainly.com/question/1245771

You might be interested in
The liquidity approach to measuring money defines the M2 money supply as A. near monies. B. currency plus travelers checks and c
tatiyna

Answer:

The correct answer is C. M1 plus near monies.

Explanation:

The liquidity approach emphasizes the role of money as a store of value and downplays the role it plays as a means of payment. To assess the amount of money emphasizes that the essentially distinctive property of money is that it is the most liquid of assets.

The strict money supply or circulating medium (M1), which defines money as the money in the hands of the public and demand deposits (DV) is the usual most accepted formula as money. Therefore, money in the strict sense is listed as such in the monetary statistics of the International Monetary Fund (IMF) and many other financial institutions around the world.

7 0
4 years ago
How is customer service defined?
Karo-lina-s [1.5K]

the assistance and advice provided by a company to those people who buy or use its products or services.

6 0
3 years ago
Read 2 more answers
The questionnn is in the picture
Virty [35]

Answer:

It's -1.75

Explanation:

8 0
3 years ago
For each of the following events, explain the short-run and long-run effects on output and the price level, assuming open econom
Westkost [7]

Answer:

High prices of products as well as increases poverty.  

Explanation:

The stock market declines sharply, reducing consumers’ wealth that leads to high prices of products as well as increases poverty.  The federal government increases spending on national defense that decreases the foreign reserves and money for other fields of the country. A technological improvement raises productivity which increases the economy of the country as well as standard of living. A recession overseas causes foreigners to buy fewer U.S. goods that leads to lower income of the country and purchasing power of the country. Due to this, there is less money for other fields and institutions.

3 0
3 years ago
Read 2 more answers
What are software applications?
Allushta [10]

Answer:

any program or number of programs designed for end-users. That’s it, in a nutshell. In that sense, any end user program can be called an “application.”

7 0
4 years ago
Read 2 more answers
Other questions:
  • Your broker calls to offer you the investment opportunity of a​ lifetime, the chance to invest in​ mortgage-backed securities. T
    10·1 answer
  • Explain how businesses can use copyright ,patent and trademarks in dealing with piracy ?
    7·1 answer
  • Bill’s Surf Shop needs to advertise. Which option provides the largest frequency? a. direct mail b. TV c. the Web d. billboards
    15·1 answer
  • If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the
    6·1 answer
  • The resource of production called "natural resources" includes which of the following
    9·1 answer
  • A publisher is deciding whether or not to invest in a new printer. The printer would cost $900, and would increase the cash flow
    14·1 answer
  • Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control c
    7·1 answer
  • True or false: Electronic commerce is defined as the use of the Internet as an essential element of business activity.
    14·1 answer
  • Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed
    5·1 answer
  • On April 2, Kelvin sold $35500 of inventory items on credit with the terms 1/10, net 30. Payment on $21300 sales was received on
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!