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Sladkaya [172]
2 years ago
11

The law of demand states that, other things equal, when the price of a good.

Business
1 answer:
babunello [35]2 years ago
4 0

The law of demand states that when the price of a good increases, the quantity demanded decreases.

<h3>What is the law of demand?</h3>

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. The quantity demanded of a good is inversely related to the price of the good. This explains why the demand curve is downward sloping.

For example, if the price of a shoe increases, the quantity demanded of the good decreases.

For more information about demand, please check: brainly.com/question/25871620

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$5000 is put into an empty savings account with a nominal interest rate of 5%. No other contributions are made to the account. w
yawa3891 [41]

Answer:

Interest in 5 years will be $1418.07 which is near about $1420

So option (D) will be correct answer

Explanation:

We have given amount invested, that is principal amount P = $5000

Rate of interest r = 5 %

Time taken t = 5 years

As interest is compounded monthly so rate of interest =\frac{5}{12}=0.416%

And time period n = 12×5 = 60 period

So total amount after 5 year will be equal to

A=P(1+\frac{r}{100})^n

A=5000(1+\frac{0.417}{100})^{60}

A=5000\times 1.2836=6418.07

We have to find the interest

Interest will be equal to = total amount - principal amount = $6418.07 - $5000 = $1418.07

Which is near about $1420 so option (D) will be correct answer

 

8 0
3 years ago
Starfish Enterprises produces men’s sports coats that are sold by popular department stores. Each retail order is treated as a j
Black_prince [1.1K]

Answer:

Unitary cost= $30

Explanation:

Giving the following information:

Material costs for a selected job are $900 for a batch of 30 suit coats (units).

<u>To calculate the unitary cost, we need to use the following formula:</u>

unitary cost= total batch cost / number of units

unitary cost= 900 / 30

unitary cost= $30

8 0
2 years ago
All of the money borrowed by the united states government over the years and still outstanding is called the national:
geniusboy [140]
<span>the national or federal debt consists of all the money borrowed over the years by the national government that is still outstanding. The national debt is the public and intragovernmental debt owed by the federal government. Two-thirds of the U.S. debt is the Treasury bills, notes and bonds owned by to the public. They include investors, the Federal Reserve, and foreign governments.</span>
4 0
3 years ago
True or false: job descriptions are generally updated as job duties or job specifications change
Sauron [17]
It would be true, because the description rely on the duties and specifications.
3 0
3 years ago
Define option price. Explain why the option price of a policy might differ from the expected surplus generated by the policy.
Nesterboy [21]

Explanation:

Options prices, known as premiums, are composed of the sum of its intrinsic and time value. Intrinsic value is the price difference between the current stock price and the strike price. An option's time value or extrinsic value of an option is the amount of premium above its intrinsic value.

8 0
2 years ago
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