Dave's monthly loan payment would have been approximately $72.58.
To calculate Dave's monthly loan payment, we can use the formula for calculating the monthly payment on a loan:
\(Monthly Payment = (P * r * (1 + r)^n) / ((1 + r)^n - 1)\)
Where:
P = Principal amount (the amount borrowed)
r = Monthly interest rate (APR divided by 12 and expressed as a decimal)
n = Number of monthly payments (in this case, 12)
First, we need to convert the APR to a monthly interest rate. The APR is 4 percent, so the monthly interest rate is 4% / 12 = 0.04 / 12 = 0.00333.
Next, we substitute the values into the formula:
\(Monthly Payment = (240 * 0.00333 * (1 + 0.00333)^12) / ((1 + 0.00333)^12 - 1)\)
Now we calculate the numerator and denominator separately:
Numerator = 240 * 0.00333 * (1 + 0.00333)^12 ≈ 2.902
Denominator = (1 + 0.00333)^12 - 1 ≈ 0.03998
Finally, we divide the numerator by the denominator:
Monthly Payment ≈ 2.902 / 0.03998 ≈ $72.58
It's important to note that the actual monthly payment may vary slightly depending on the specific rounding method used throughout the calculation. However, rounding to two decimal places provides a reasonable approximation of the monthly payment.
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Who among the following has violated the Fair Labor Standards Act of 1938?
a. Rachel, who pays all her workers a minimum wage of $13.
b. Sally, who does not consider time her employees spend travelling to work as compensable time.
c. Jeremy, who employs his 16-year-old cousin in his meat-packing plant.
d. Randy, who employs his 17-year-old son in his stationery store as a cashier.
The person who has violated the Fair Labor Standards Act of 1938 is (option) b. Sally, who does not consider time her employees spend traveling to work as compensable time.
Sally's failure to consider the time her employees spend traveling to work as compensable time violates the Fair Labor Standards Act (FLSA). According to the FLSA, employers must compensate employees for all hours worked, including travel time that is an integral part of their job duties. By not considering travel time as compensable, Sally is not providing her employees with the wages they are entitled to under the law.
The FLSA sets standards for minimum wage, overtime pay, and child labor, among other provisions, to ensure fair treatment and compensation for workers. In this case, Rachel, who pays all her workers a minimum wage of $13, is complying with the minimum wage requirement, and Jeremy, who employs his 16-year-old cousin in his meat-packing plant, may not be in violation if he adheres to the appropriate child labor restrictions. Similarly, Randy, who employs his 17-year-old son as a cashier, may not be in violation as long as he meets the requirements for employing minors. However, Sally's failure to consider travel time as compensable is a violation of the FLSA.
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3.4 3 Practice Analyzing Visuals in Business Documents
P L Z help me with this
Synthesize
Determine and design the best visuals for a progress report, including appropriate graphs, tables, illustrations, text boxes, and other visuals. You will need to think about how the visuals relate to the information presented in the progress report and how the visuals will aid readers’ understanding.
1. Using the graphs above, which would you choose to include in the Costs section of your progress report to show how project spending compares to the budget so far? Explain why.
2. Using the graphs above, which would you chose to include in the Costs section of your progress report to show how much of the total budget remains for the project? Explain why.
3. Examine the table in the section above.
a. Recreate the exact table shown above in a separate document. Submit this document to your teacher with your worksheet.
b. Explain how you created the table.
4. In your progress report, you want the Work Completed section to follow your Summary of Costs. To date, the company has rewritten the home page content, created a new logo, and updated the overall structure of the site. Currently, an idea for site navigation has been proposed but not yet confirmed. You want to include a visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services, Customer Reviews, and Contact. The About section would include links to History and Our Mission; the Services section would also include links to Pricing, Scope, and Timeline. Show an example of a simple, custom graphic to display the navigation.
b. Explain how you created your graphic.
5. Once you finish your progress report, your manager wants to look it over before distributing it to everyone in the company. What is the best way to give this report to your manager and why?
6. Your manager looks over the report and decides that because you did such a thorough job with the report, your next project will be to help update the company's business cards. Create a sample business card that includes a graphic to represent the law firm, Stevens & Patterson.
Graphics are employed as visual representations to support the text in a report, proposal, set of instructions, or other similar papers in corporate writing and technical communication. Charts, diagrams, sketches, figures, graphs, maps, pictures, and tables are examples of several graphic types.
What is the purpose of using visuals in a professional document?Visuals are an important aspect of any documentation approach because they may make complicated ideas and procedures easier for readers to comprehend. They let readers envision linkages and occurrences, although it may be more challenging to understand the same information when presented in the text.
Place the graphic as near to the relevant text as you can. Assign a number and a precise descriptive title to each image. When describing the content of the graphic, refer to the number or title in the body text. Give the graphic ample white space around it to draw attention to the picture and improve readability.
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Write any five methods of getting information of foreign employment and discuss any one of them.
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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according to piaget, accommodation occurs when individuals _____.
According to Piaget, accommodation occurs when individuals modify their existing mental schemas or cognitive structures to incorporate new information or experiences that do not fit into their current understanding of the world.
Piaget described accommodation as the process of modifying existing mental schemas to incorporate new information that doesn't fit into one's current understanding.
Accommodation involves the process of adjusting one's thinking or beliefs to accommodate new and conflicting information, which helps individuals adapt to new situations and refine their cognitive frameworks. Through accommodation, individuals can create more comprehensive and accurate mental representations of the world around them.
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Accommodation, as defined by Piaget, is the process where individuals adjust or change their existing mental models (schemata) to incorporate new information that cannot be explained by their current understanding. This allows them to better comprehend different aspects of their world.
Explanation:According to Jean Piaget, a Swiss psychologist known for his work on child development, accommodation occurs when individuals adjust or change their mental models or schemata to account for new information. This process differs from assimilation, where individuals fit new information into their pre-existing mental models. Essentially, if a person encounters something new that cannot be understood based on their current schemata, they must accommodate, or adjust their thought patterns, to understand it. This involves revising or creating new schemata to better understand the world around them.
For example, a child might have a scheme for dogs, associating them with four legs and a tail. When the child encounters a cat for the first time, they may call it a dog because it also has four legs and a tail. When they are corrected and told that it is a cat, not a dog, the child will accommodate this new information by creating a separate schema for cats.
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A loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a(n) ______ mortgage.
A loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a graduated-payment mortgage.
A graduated payment mortgage starts with a lower payment and then slowly grows. Mostly the mortgage interest will grow between 7% to 12% annually. This is done till the full payment is not reached. So this is a type of loan that offers lower payments early which will increase over time. The purpose of this type of mortgage is that it allows homeowners to start by paying lower payments.
As it starts with paying by paying lower payments the people who found it difficult to pay the initial loan installments now can take the loan. So this type of loan is ideal for young and first-time home buyers. The total costs for the life of a GPM loan will be greater than that of a standard loan. Graduated payment mortgages are only available on loans that are taken from Federal Housing Administration (FHA).
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1. Complete as frases com a forma correta do verbo to be (am, is, are)
a) She
b) They
studying maths
having breakfast
drinking lemonade.
d) it
raining at the moment.
e) You
sitting in my chair.
listening to music
f) He
g) My sister
doing her homework.
h) Her children
making dinner.
Complete Question:
Complete the sentences with the correct form of the verb to be (am, is, are).
Answer:
a) is.
b) are.
c) am.
d) is.
e) are.
f) is.
g) is.
h) are.
Explanation:
A verb is one of the parts of speech in English language. Verbs can be defined as any word that describes an action, occurrence, or state of existence. Some examples of verb are dance, sing, walk, play, run, sit, etc.
A present continuous tense is simply used to describe an action that is being performed at the moment (on-going) or an unfinished action.
Completing the sentences with the correct form of verb, we have;
a) She is studying maths.
b) They are having breakfast.
c) I am drinking lemonade.
d) It is raining at the moment.
e) You are sitting in my chair
f) He is listening to music.
g) My sister is doing her homework.
h) Her children are making dinner.
a liquid market - group of answer choices has many available buyers and sellers and comparatively low transaction costs is all wet is located in a coastal city
A liquid market: A. has many available buyers and sellers and comparatively low transaction costs.
What is liquidity?In Financial accounting, liquidity is the rate at which an asset or resource such as physical equipment, can be used to purchase any goods or services. This ultimately implies that, liquidity is a characteristics (quality) of money as a medium of exchange around the world.
In Financial accounting, liquidity is simply a measure of the availability of resources to pay current, liabilities, short-term cash requirements, or operating expenses of an entrepreneur or business firm.
In this context, we can reasonably infer and logically deduce that a liquid market is mostly characterized by large number of available buyers and sellers with comparatively low cost of transactions.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
How can you practice an ethical communication as a student?
ethical communicate Even though hard skills are crucial in every field, SMEs and larger businesses are increasingly aware of the value of soft skills and emotional intelligence in building productive working connections.
Unlike emotional intelligence, which is based on an empathetic ability to comprehend people and is related to having the ability to effectively ethical communicate with people, logical intelligence refers to one's cognitive aptitude. The second half of a worker's skill set, known as soft skills, consists of a range of workplace competences that are centered on getting along with people, including ethical communication, the most important soft skill. While there are many different communication concepts that organizations need to be aware of, the most crucial is ethical communication.
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examine the following summary of the us balance of payments for 2000 (in $ billion) and fill in the blank entries
In 2000, the US had a current account deficit of $452.2 billion. This was partly offset by a surplus in the capital account of $260.6 billion, resulting in an overall balance of payments deficit of $191.6 billion.
The current account deficit was driven by a large deficit in the trade balance of goods, which totaled $447.6 billion. This was partially offset by a surplus in the trade balance of services, which amounted to $57.1 billion. Additionally, the US received a net inflow of investment income, with earnings on US assets abroad exceeding payments on foreign-owned assets in the US by $40.5 billion.
Overall, the US balance of payments in 2000 was characterized by a large current account deficit, primarily driven by a significant trade deficit in goods. This deficit was partly offset by a surplus in the trade balance of services and net inflows of investment income. The surplus in the capital account also helped to mitigate the overall balance of payments deficit, but the US remained a net borrower from the rest of the world.
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Note - The question is not available.
Select the correct answer. Richard runs a small manufacturing business. Recently, he discovered that some of the financial transactions recorded in the account books seem misleading. He suspects that some of his employees might be misusing the business’s cash reserves. Which of these measures of internal accounting controls may Richard take to avoid such instances in the future?
A. firing all the employees in the given department
B. reducing the salaries of suspected employees
C. sanctioning financial transactions in advance in the future
D. organizing a conference to discuss such issues
Answer:
C. sanctioning financial transactions in advance in the future
Explanation:
Sanctioning a financial transaction means approving or authorizing a transaction to be executed. Requiring approval for financial transactions is one of the measures of internal control. Employees are required to seek approval from management or authorities before proceeding with transactions.
Richard should demand that he sanctions all transactions in advance. Through this measure, he will get details and explanations of financial transactions before they happen.
the ______________________ guaranteed customer savings accounts in banks up to $2,500.
The Federal Deposit Insurance Corporation (FDIC) guaranteed customer savings accounts in banks up to $2,500 and thereby made future panics less likely.
The FDIC was established in 1933 as a response to the Great Depression and the widespread failure of banks during that time. The goal of the FDIC was to restore public confidence in the banking system and to prevent bank runs, which occurred when customers rushed to withdraw their money for fear of bank failure.
By guaranteeing customer savings accounts up to $2,500, the FDIC provided a safety net for depositors, ensuring that their money would be protected even if their bank failed. This guarantee helped to ease the public's anxiety about the safety of their deposits and contributed to the stabilization of the banking system.
Additionally, the FDIC introduced regulations and oversight measures to ensure the financial stability and responsible practices of banks. These measures included periodic examinations of banks' financial health, risk management, and compliance with regulations. Banks were also required to maintain a certain level of capital reserves to further protect depositors.
In conclusion, the FDIC's guarantee of customer savings accounts up to $2,500 and its implementation of regulations and oversight measures helped to restore public confidence in the banking system and made future panics less likely. The FDIC continues to play a critical role in maintaining the stability and safety of the U.S. financial system today, with the deposit insurance limit now raised to $250,000.
The question was incomplete, Find the full content below:
The __________ guaranteed customer savings accounts in banks up to $2,500 and thereby made future panics less likely.
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At what point does an idea-driven enterprise run into problems and At what point does a market-driven enterprise run into problems?
Idea-driven businesses face unique challenges during growth. ... Their innovation is born from a deep desire to change the way people think about ... to shed light on the different stages of idea-driven business and what problems each stage ...
Idea-driven firms confront particular difficulties as they expand. Their creativity is the result of a strong desire to alter how people think, to shine a light on the many stages of the idea-driven company, and the issues that each level faces.
What is firm?A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).
The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
The name of the company is often used for commercial purposes, but the level of legal protection—for owners or employees—depends on the ownership structure that was used to establish the company. Corporations, for example, offer a higher level of legal protection than other forms of organizations. The idea of a mature company with a strong foundation already exists.
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A driver who is convicted of DWI will lose his or her driving privileges for at least ________ for a third offense.
Answer:
If you are convicted of driving after illegally consuming alcohol and were found to have a BAC of 0.02 and less than 0.08, the court penalty will include a suspension of your driving privilege for one year from the date of conviction, and a minimum mandatory fine of $500, or the requirement that you complete at least ...
On January 2, 2015, Riverbed Corporation issued $1,050,000 of 10% bonds at 97 due December 31, 2024. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. (Straight-line is not materially different in effect from the preferable "interest method.")
The bonds are callable at 102 (i.e., at 102% of face amount), and on January 2, 2020, Riverbed called $630,000 face amount of the bonds and redeemed them.
Ignoring income taxes, compute the amount of loss, if any, to be recognized by Riverbed as a result of retiring the $630,000 of bonds in 2020
The amount of loss to be recognized by Riverbed Corporation as a result of retiring the $630,000 of bonds in 2020 is $118,260.
Given: On January 2, 2015, Riverbed Corporation issued $1,050,000 of 10% bonds at 97 due December 31, 2024. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. The bonds are callable at 102 (i.e., at 102% of face amount), and on January 2, 2020, Riverbed called $630,000 face amount of the bonds and redeemed them.Redeeming Bonds: When a bond is redeemed before its maturity, there could be a loss or a gain recognized by the issuer. The difference between the carrying value of the bond and the amount paid to redeem the bond is recognized as a loss or a gain in the income statement of the issuer.The amount to be paid for the redemption of bonds = $630,000 x 102% = $643,260When the bonds are redeemed before maturity, the issuer will realize a loss when the amount paid to retire the bonds is greater than the carrying value of the bonds to be retired.The carrying value of the bonds to be retired on January 2, 2020 = Face value - Amortization of discount on bonds = $630,000 - ($105,000 / 10) x 5 = $525,000 ($105,000 is the total amount of discount on bonds to be amortized over 10 years).
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based on your current knowledge and work experience, which strategic training and development initiatives do you think that all companies should support regardless of economic conditions
Regardless of the situation of the economy, a firm must keep its attention on its goals by promoting employees within the organization and providing them with ongoing training.
How would you define organization?An organisation is a group of individuals who work together, such as a business, neighbourhood association, nonprofit, or union. A person, a group, a business, or the act of establishing or developing anything can all be referred to as a "organization."
Which three categories do organizations fall under?Corporations, partnerships, and sole proprietorships are the three primary types of business entities in the US. In today's session, the benefits and drawbacks of each organizational model will be discussed using the low-cost chocolate industry as a case study.
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A house is constructed in a neighborhood that is substantially larger than the existing houses. Based on the value principle of ___________________, the larger house’s value will therefore be adversely affected.
a. anticipation
b. conformity
c. inadequacy
d. competition
TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
which outcomes are a result of a high-performance work system? (select all that apply) multiple select question.
A high performance work environment results in increased productivity outcomes.
What does "performance" mean?Overall industry performance refers to the capacity of a corporation to carry out a plan to achieve organisational objectives. It is considered to be an important tool for companies to evaluate how successfully management performs its obligations. Finances or the amount of money each employee makes are two. Using these performance measurements will enable you to make more accurate judgments in regard to the goals.
Why is performance so important?Creating an efficient team can help you finish projects on time, bring in money, and improve the brand through positive client interactions. When employees are not functioning adequately, clients get the impression that a company doesn't care about their needs and will seek help elsewhere. Effective workers finish jobs the first time correctly.
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If the cost of gasoline increases sharply and continues to rise, how does this development affect the demand curve for cars?a. The demand curve for gas-guzzlers and for fuel-efficient cars fluctuates wildly.b. The demand curve for gas-guzzlers and for fuel-efficient cars both shift to the right.c. The demand curve for gas-guzzlers shifts to the left, and the demand curve for fuel-efficient cars shifts to the right.d. The demand curve for gas-guzzlers shifts to the right, and the demand curve for fuel-efficient cars shifts to the left.
This development affect the demand curve for cars the demand curve for gas-guzzlers and for fuel-efficient cars both shift to the right. The answer is OPTION B.
To summarize, as a population's income level rises, the demand curve shifts to the right because there is more demand at each price point. If income levels fall, the opposite will occur. There will be less money available for spending, and the demand curve will shift to the left.
Demand rises as the demand curve shifts to the right, resulting in a higher equilibrium price. A shift to the right would cause the equilibrium to rise, implying higher prices. This could be due to a variety of factors, including an increase in income, a higher price for a substitute good, a lower price for a complementary good, and so on.
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Which of the following cannot be done through a mobile banking app?Making a depositWithdrawing cashChecking an account balanceTransferring money
Answer:
Withdrawing cash cannot be done from online banking app as you cannot have the money in your hand as it is online.
the types of milatary are safe
Answer: US Air Force and Navy
Explanation:
productivity growth can be calculated by: group of answer choices outputs minus inputs. inputs divided by the outputs. outputs divided by the inputs. input plus output divided by two.
Productivity growth can be calculated by dividing outputs by inputs.
To calculate productivity growth, the most common approach is to divide the outputs by the inputs. This calculation helps determine the efficiency and effectiveness of resource utilization in generating outputs. By comparing the ratio of outputs to inputs over a specific period, organizations can assess the rate of productivity growth.
Higher productivity growth indicates that more outputs are being produced relative to the inputs, implying improved efficiency and increased output per unit of input. This measurement is valuable in analyzing and evaluating the performance of businesses, industries, and economies, as it provides insights into their productivity levels and the potential for economic growth.
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Productivity measures how effectively inputs are turned into outputs in an economic context. The accurate formula for calculating productivity growth is outputs divided by inputs. Investments in human capital, physical capital, and technology are crucial factors that contribute to productivity growth.
Explanation:Productivity, in an economic context, measures how effectively input, such as labor and capital, are converted into output – finished goods and services. In general, productivity growth is calculated by taking the ratio of the change in output to the change in input. Therefore, the correct formula for calculating productivity growth would be outputs divided by inputs.
For instance, if GDP (output) and labor (input) were the reference parameters, productivity would be measured as GDP per worker. This means that for any increase in GDP without an equivalent increase in labor input, we're seeing productivity growth.
Over time, the USA has seen significant fluctuations in its productivity growth due to several factors such as inputs in human capital, physical capital, and technology. These investments in human capital, physical capital, and technology operate harmoniously in a market-oriented environment, fostering innovation and, thus, spur productivity growth.
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How is Ramadan celebrated?
Answer:
As a Muslim, you can celebrate Ramadan with family or/and with friends and other families. In Ramadan if you are young you get a certain amount of money form your elders and the most important thing is eat! After one month of not eating you should have fun and eat really good foods. I hope this helped!! :)
Answer:
During Ramadan Muslims abstain from food and drink during daylight hours. This fast, called sawm, is one of the five pillars of Islam. To get through a long day without food, Muslims will often wake up early to eat a meal called suhur before daybreak.
Explanation:
_____ is the extent to which a product or service meets established standards. a. conformance b. durability c. performance d. reliability
Durability is the extent to which a product or service meets established standards. Durability is the ability of a physical product to stay effective in the face of normal operating obstacles over its design lifetime without requiring excessive maintenance or repair. Years of life, hours of use, and number of operational cycles are all indications of durability in use.
Durability commodities are goods that have a long useful life in economics. The Good repairability and regenerability, in conjunction with maintenance, are prerequisites for product durability. Every long-lasting product must be capable of responding to technological, technological, and the design advances.
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an ethical obligation that provides a major link between ethics and self-care is:
The ethical obligation that provides a major link between ethics and self-care is the principle of non-maleficence, which is the duty to do no harm.
What is an ethical obligation?
An ethical obligation is a moral requirement to follow a certain course of action, that is, to do, or refrain from doing, certain things.
This principle highlights the importance of taking care of oneself in order to avoid harm or negative consequences to others, whether it be in a personal or professional setting.
In order to provide ethical and effective care to others, it is essential to prioritize self-care and maintain one's own well-being.
However, three basic ethical principles are outlined in The Belmont Report to serve as a guide for research involving human subjects. These are respect for persons, beneficence, and justice.
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Explain the change in demand for watermelons using evidence, and show this effect on a supply and demand graph.
Answer:
Explanation:
Changes in the supply of melon
is brought about both positive and negative factors affecting supply of melon apart from the price of melon
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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how can i start up business affect my pharmacy business? I need help for my business assignment
Answer:
drugs
Explanation:
gives a lot of money
assume all 10,000 firms were bought out by one company. how would pricing practices change assuming the demand curve is q = 40000-5000p? give a numeric answer
The demand curve for the new company would still be Q=400005000P if all 10,000 businesses from Homework #14 were acquired by a single organization.
However, the market would transition from being competitive to being monopolistic, giving the new business market power and the capacity to set prices. A monopolist would set marginal revenue and marginal cost equal in order to maximize profits, and would then select the price that corresponds to the amount demanded.
Since the firm is a single entity, the marginal cost in this situation would be constant and equal to the average cost. Demand remains constant even though there is a decrease in amount demanded when the price rises. Quantity requested rises when the price declines.
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