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ruslelena [56]
2 years ago
7

What is the relationship between price and demand for your product?

Business
1 answer:
Liono4ka [1.6K]2 years ago
6 0

Answer:

the price is high when the demand is high and low when the demand is low

You might be interested in
The impact of crowding out
Nat2105 [25]

Answer:

The correct answer is D

Explanation:

The crowding out in economics is defined as the phenomenon which happen when increased government involvement in the sector of the market and the economy substantially affects the remainder of the market through demand or the supply side of the market.

Open economy is the economy where not only the domestic companies but also entities of another country in trade of products whereas the closed economy is the economy where there is no trading activity with the outside economies.

So, the crowding out impact would be larger in the open economy as compare to the closed economy.

4 0
3 years ago
A machine costs $600000 and is expected to yield an after tax net income of $23000 each year. Managment predicts this machine ha
galina1969 [7]

Answer:

6.39%

Explanation:

The cost of the machine is $600,000

The net income is $23,000

The management predict a that it has a 10 years service life

The salvage value is $120,000

The first step is to calculate the average investment

Average investment= (Cost of machine+Salvage value)/2

= $600,000+$120,000/2

= $720,000/2

= $360,000

Therefore, the accounting rate of return can be calculated as follows

= Annual net income/Average investment

= $23,000/$360,000

= 0.0639×100

= 6.39%

Hence the accounting rate of return is 6.39%

7 0
3 years ago
in 2001 an outbreak of hoof-and-mouth disease in europe led to the burning of millions of cattle carcasses. discuss the demand a
denis23 [38]

Answer:

High demand

Low supply

High prices

Explanation:

The demand and supply of products, goods and services is heavily dependent on several factors ranging from economic, health and social factors. Disease and viral outbreaks have devastating effects on the market forces of demand and supply which in most cases will impact the market negatively with characteristically high prices and scarcity of products. The mouth and hoof outbreak in Europe was one which impacted the economy including farmers, leather and hides workers and all whose businesses and sustainability depends on cattles and its products. Due to the contagious nature of the disease and the ease at which it could spread if curtailment isn't effected on time, millions of cattles were slaughtered on sighting the symptoms and it's products including skins are burnt leading to losses in billions on the path of cattle rearers, shortage of lather, hides and skins, restriction in international product trade in other to avoid its spread to other parts of the world. These resulted in low supply and high demand of cattles and its products including leather goods meaning High prices for little available.

8 0
3 years ago
The average human lifespan is expected to increase by how many years by 2100? 15 years 30 years 10 years 25 years
aksik [14]
According to the world health organization, the average human lifespan is expected to increase from 68 today to 81 in <span>n 2095-2100. The difference between the two ages is 13 years. The closest among the choices here is 15 years. The answer is a.  The increased life expectancy is attributed to the decreased death rate due to HIV/aids.</span>
5 0
3 years ago
Corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is​ $3.75, variable costs
ANEK [815]
If corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is $3.75, variable costs are $1.25 per dozen, and total fixed costs are $750.00, the breakeven sales will be $ 1, 125. Breakeven sales are computed by dividing the company's expenses with the margin ratio.
7 0
3 years ago
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