Supplier-induced demand is a phenomenon that occurs when a supplier of a good or service encourages or creates additional demand for their product beyond what would naturally exist in the market.
Supplier-induced demand is a situation where a supplier, such as a doctor or a business, influences a consumer's demand for a product or service, resulting in an increase in consumption that may not have occurred otherwise.
This phenomenon is most effective in a scenario where there is a knowledge gap between the supplier and the consumer, and the consumer relies on the supplier's expertise to make decisions.
For example, imagine a patient visiting a doctor for a mild headache. The doctor may suggest additional tests and treatments that the patient may not have considered necessary, thereby inducing demand for those services.
In this scenario, supplier-induced demand is effective because the patient trusts the doctor's expertise and is likely to follow their recommendations, leading to increased consumption of healthcare services.
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9. Suppose the principal of a public school re-
quired all students to recite a prayer at the start
of each school day. What level of government
(federal, state, or local) would most likely deter-
mine whether or not the principal's action was
constitutional?
Answer: Federal government
Explanation:
Based on the scenario in the question, the federal government would most likely determine whether or not the principal's action was constitutional.
This is a national issue and shouldn't be left in the hands of the local or state government. It should be noted that in 1962, school sponsored prayer in the public schools was banned by the United States Supreme Court, on the basis that the First Amendment was being violated.
The court later ruled that students can meet and then pray on their respective school grounds so far it's done privately and no one is forced.
Hence, the federal government would most likely determine whether or not the principal's action was constitutional.
economics is best defined as the study of question 4 options: financial decision-making how consumers make purchasing decisions. choices made by people faced with scarcity. inflation, unemployment, and economic growth
Economics is a diverse field that focuses on understanding the choices made by people faced with scarcity, encompassing financial decision-making, consumer purchasing decisions, and macroeconomic factors such as inflation, unemployment, and economic growth.
Economics is best defined as the study of choices made by people faced with scarcity. This field encompasses various aspects such as financial decision-making, how consumers make purchasing decisions, inflation, unemployment, and economic growth.
In economics, scarcity refers to the fundamental issue of limited resources available to satisfy the unlimited wants and needs of individuals and society. Due to this scarcity, people must make choices about how to allocate these resources most efficiently.
Financial decision-making is an important aspect of economics, as it deals with how individuals and organizations decide to invest, save, or spend their money. These decisions often involve weighing the costs and benefits of different options, which directly relate to the choices made in the face of scarcity.
How consumers make purchasing decisions is another key component of economics, as it explores the factors that influence people's choices in the market. This includes aspects such as price, quality, preferences, and marketing strategies.
Lastly, macroeconomic concepts such as inflation, unemployment, and economic growth also fall under the umbrella of economics. These concepts deal with the overall performance and stability of an economy and how it affects the choices and decisions of people within that economy.
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Factories for video game console manufactures are forced to close again due to Covid. They are unable to make these devices for the holiday shopping season. What would happen to the supply of video games? How would that supply affect demand? Price?
Products will be available in less quantity. The price of the goods will rise. According to demand theory, a good or service's price in the market can alter depending on how much of it buyers are willing to buy.
What is the law of supply and demand?The epic economic classic The Wealth of Nations by Adam Smith from 1776 included a detailed discussion of the subject. Often referred to as the "Father of Economics," Adam Smith defined supply and demand as the "invisible hand" that automatically steers the economy.
A resource, a commodity, or a product's supply and demand are affected by price changes, according to the law of supply and demand, which combines two basic economic principles. On the other hand, as the price falls, supply is constrained and demand is increased.
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1. Mallory owns an auto repair shop. She has $12,000 in cash, $8,000 in
inventory, a $4,000 credit card balance, and $3,500 in long-term del
What is Mallory's equity?
a.
Mallory's equity, given that she owns auto repair shop and the amounts in her books, are $ 12, 500
How to find the equity ?As per the Accounting Equation, equity is the portion of assets that is not supplied by liabilities.
This means that Mallory's equity is:
= Cash + Inventory - Credit card balance - Long term debt
= 12, 000 + 8, 000 - 4, 000 - 3, 500
= $ 12, 500
In conclusion, Mallory's equity is $ 12, 500.
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An S corporation had the following income and expenses: Sales $240,000 Rent expense 25,000 Business meals 5,000 Interest income 1,500 Contributions to qualifying charities 600 IRC Section 179 expense 3,000 Depreciation expense 1,800 What would be reported as ordinary income on the corporation's income tax return
The amount that should be reported as the ordinary income on the income tax return of the corporation is $210,700.
Sales $240,000
Less: Rent expense ($25,000)
Less: 50% Entertainment expense ($2,500)
Depreciation ($1,800)
Ordinary income $210,700
Ordinary income involved the sales amount, rent expense, 50% of entertainment expense, and the depreciation expense
Therefore, we can conclude that the amount that should be reported as the ordinary income on the income tax return of the corporation is $210,700.
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What is from utility
Explanation:
Refers to how well a product or service meets the customer's needs
According to Fiedler's contingency leadership model, which component of situational control is deemed as the most important
The most crucial component of situational management, according to Fiedler's contingency leadership theory, is getting others to support your effort to persuade someone.
What is Fiedler’s Contingency Theory?According to Fiedler's Contingency Theory, also known as Fiedler's Contingency Model or Fiedler's Theory of Leadership, there is no single optimum leadership style. Rather, the most effective leadership style for any particular situation is one that is appropriate for the situation.
Professor Fred Fiedler, an Austrian psychologist, created the hypothesis in the 1960s. He analyzed leaders' personalities and qualities and came to the opinion that leadership style is extremely difficult, if not impossible, to modify because it is established through one's life experiences.
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Most state and local income taxes are either... (insert big wrinkle response here).
A. Progressive or flat
B. Regressive or flat
C. Progressive or regressive
Answer:
Progressive or Flat
Explanation:
I'm pretty sure that is the answer but I am not 100% sure so if it is incorrect i am sorry hope it was helpful!!!
At the majority of state and local level, the income tax rates are usually a progressive or Flat rate.
What is an income tax?This is a form of taxation that is imposed on the income earned by the citizen of a local county, state, country etc
The progressive tax is used based on peoople ability to pay while the flat rate means a general rate for all level of earners.
Therefore, the Option A is correct.
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a point beyond the boundary of an economy's production possibilities curse is
A point beyond the boundary of an economy's production possibilities curve is unattainable given the current resources and technology available to the economy.
The production possibilities curve, also known as the production possibility frontier, is a graphical representation of the different combinations of two goods that an economy can produce with a fixed amount of resources and technology. The curve is typically bowed outward due to the concept of increasing opportunity cost, which states that as an economy produces more of one good, the opportunity cost of producing the other good increases.
Any point beyond the production possibilities curve represents a combination of goods that is not feasible with the current resources and technology available to the economy. In other words, an economy cannot produce at a level beyond its production possibilities curve without acquiring additional resources or improving its technology.
The production possibilities curve serves as a useful tool in illustrating the trade-offs that an economy must make when allocating its scarce resources to produce different goods and services. Understanding the concept of the production possibilities curve is important for analyzing an economy's efficiency, growth, and opportunity cost.
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A cover letter accompanies_____?
A. a college application
B. the FAFSA
C. a letter of recommendation
D. a résumé
Answer:
B brainliest?
Explanation:
Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *
Answer: 5%
Explanation:
The market share for the company will be gotten using the formula:
= Sales generated by company / Total industry sales × 100
= 10/200 × 100.
= 5%
Therefore, the company's market share is 5%
A physical count of supplies on hand at the end of May for Masters, Inc. Indicated $1,250 of supplies on hand. The general ledger balance before any adjustment is $2,100. What is the adjusting entry for office supplie s that should be recorded on May 31?
Answer:
Debit Supplies Expenses $850 and Credit supplies $850
Explanation:
Kimdly check attached picture for explanation
which trade sanction (embargo or subsidy) would be more effective in protecting domestic jobs? EXPLAIN WHY!!!
Answer:
International trade increases the number of goods that domestic consumers can choose from, decreases the cost of those goods through increased competition, and allows domestic industries to ship their products abroad. While all of these effects seem beneficial, free trade isn't widely accepted as completely beneficial to all parties
In simplest terms, a tariff is a tax. It adds to the cost borne by consumers of imported goods and is one of several trade policies that a country can enact. Tariffs are paid to the customs authority of the country imposing the tariff. Tariffs on imports coming into the United States, for example, are collected by Customs and Border Protection, acting on behalf of the Commerce Department.6 7 In the U.K., it's HM Revenue & Customs (HMRC) that collects the money.
If you see a mistake on your credit report, who should you contact? how should you contact them?.
If you see a mistake on your credit report, you should get in touch with the credit reporting company and explain the issue to them.
Your credit report affects your purchasing power, chances of landing a job, renting or purchasing a home and ability to purchase insurance. Credit reporting agencies sell your report's contents to companies that use it to decide whether to lend you money or not. Credit reports are sometimes also consulted by hiring managers. This is why it's important to ensure that the data in your report is accurate and comprehensive.
Any inaccurate or incomplete information in your report must be corrected by the credit agency as well as the company that provided the information to the bureau. These agencies work for no payment. Contact the credit bureau and the company that provided the false information to get errors in your record fixed. Inform them that you want to contest the facts in your report. Your issues will be resolved.
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Question 22 1. In 2020, Margaret and John Murphy (both over age 65) are married taxpayers who file a joint tax return with AGI of $28,108 from line 11 of the 1040 . During the year they incurred the following expenses: Use round numbers in your answer. Medical insurance premiums $1,200 Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized 400 Medical care lodging (two people, one night) 80 Hospital bills 2,200 Doctor bills 750 Dentist bills 240 Prescription drugs and medicines 360 Marriage counseling 400 2. In addition, they drove 90 miles for medical transportation, and their insurance company reimbursed them $850 for the above expenses. On the following segment of Schedule A of Form 1040 , calculate the Murphy's medical expense deduction.
The Murphy's medical expense deduction is $2,681.90.
The given medical expenses of Margaret and John Murphy are as follows:
Medical insurance premiums $1,200
Premiums on an insurance policy that pays $100 per day for each day
Margaret is hospitalized $400
Medical care lodging (two people, one night) $80
Hospital bills $2,200Doctor bills $750
Dentist bills $240
Prescription drugs and medicines $360
Marriage counseling $400
As we have to calculate the medical expense deduction of the Murphy's on the given segment of Schedule A of Form 1040, we will follow the steps below:
Step 1: Add all the medical expenses incurred by the couple.1200 + 400 + 80 + 2200 + 750 + 240 + 360 + 400 = $4,790
Step 2: Calculate the couple's AGI (Adjusted Gross Income) from line 11 of Form 1040.$28,108
Step 3: Multiply the AGI by 7.5%.28,108 × 7.5% = $2,108.10
Step 4: Subtract the result obtained in step 3 from the total medical expenses incurred by the couple.$4,790 - $2,108.10 = $2,681.90.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
When researching a career goal, it is probably most important to ask what ____
you will need for this career.
O A. shoes
O B. cell
O c. briefcase
O D. education
Mining Companies have a major role to play in facilitating and promoting the culture of equality and therefore eliminating Gender based violence from the workplace and communities that host/ border mining project developments. a) What are some of the reasons that you believe gender based violence has become so prevalent on mining sites and in surrounding communities. (5 marks) b) During the screening phase of an EIA project in Guyana concerns were raised by villagers in the area about "Increased incidences of sexual exploitation of indigenous women and young girls by people who have come into the communities to work for the company."
Gender-based violence has become prevalent on mining sites and in surrounding communities due to a combination of factors such as male-dominated work environments, social and economic inequalities, lack of awareness and education, limited access to support services, and a culture of impunity.
Gender-based violence on mining sites and in surrounding communities can be attributed to several reasons. Firstly, the mining industry is historically male-dominated, with a significant gender imbalance in the workforce. This power dynamic can perpetuate harmful attitudes and behaviors towards women, leading to increased incidents of violence.
Secondly, mining projects often bring rapid social and economic changes to communities, resulting in unequal power dynamics and social tensions. These changes can disrupt traditional gender roles and exacerbate existing gender inequalities, making women and girls more vulnerable to violence.
Thirdly, the lack of awareness and education about gender issues and violence prevention contributes to the prevalence of gender-based violence. Limited knowledge about consent, healthy relationships, and gender equality can perpetuate harmful norms and behaviors.
Furthermore, the remote locations of many mining sites can limit access to support services and justice systems. This lack of resources and infrastructure can prevent survivors from seeking help and perpetrators from being held accountable, perpetuating a culture of impunity.
Lastly, the overall culture and norms within the mining industry and surrounding communities play a significant role. If there is a lack of commitment from mining companies to prioritize gender equality, enforce policies against violence, and promote a safe and inclusive work environment, it can contribute to the prevalence of gender-based violence.
In conclusion, gender-based violence on mining sites and in surrounding communities is a complex issue influenced by multiple factors. Addressing this problem requires a comprehensive approach that involves creating gender-inclusive work environments, promoting education and awareness, strengthening support services, and holding perpetrators accountable. By actively working towards equality and addressing the root causes of violence, mining companies can play a crucial role in eliminating gender-based violence from their workplaces and the communities they operate in.
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Suzie pays her insurance company every month for coverage for her car. This payment is called the ___. deductible premium contribution liability
Answer:
premium
Explanation:
Premium is the term given to the regular and periodic payments that the insured makes to the insurance companies. Premiums are the payments for the insurance coverage.
Insurance coverage is a contract between the insurance company and the customer. As per the contract agreement, the company provides insurance coverage, and the customer pays premiums. In other words, Premium is the consideration for the insurance coverage.
1. You were employed by Goldman Sachs Sales & Trading Division as an Intern. The following are the quotes on the futures for the Euro to plan your trades on the value of the euro.
Euro Futures, US$/euro Contract = 85,000 euro Maturity Open Low High Settle Change April 1.4246 1.4214 1.4268 1.4228 0.0032 July 1.4164 1.4146 1.4188 1.4162 0.0030 a. If you buy 15 July futures, and the spot rate at maturity is $1.3980/Euro, what is the value of your position?
b. If you sell 36 April futures, and the spot rate at maturity is $1.4560/£, what is the value of your position?
c. If you buy 9 April futures, and the spot rate at maturity is $1.4560/£, what is the value of your position?
d. If you sell 36 July futures, and the spot rate at maturity is $1.3980/euro, what is the value of your position?
The value of your position is the difference between the spot rate at maturity and the futures contract price, multiplied by the contract size and the number of contracts.
a. If you buy 15 July futures, and the spot rate at maturity is $1.3980/Euro, the value of your position is:
(1.4162 - 1.3980) x 85,000 x 15 = $23,235
b. If you sell 36 April futures, and the spot rate at maturity is $1.4560/£, the value of your position is:
(1.4560 - 1.4228) x 85,000 x 36 = $97,092
c. If you buy 9 April futures, and the spot rate at maturity is $1.4560/£, the value of your position is:
(1.4560 - 1.4246) x 85,000 x 9 = $24,111
d. If you sell 36 July futures, and the spot rate at maturity is $1.3980/euro, the value of your position is:
(1.4162 - 1.3980) x 85,000 x 36 = $55,944
In each case, the value of your position is the difference between the spot rate at maturity and the futures contract price, multiplied by the contract size and the number of contracts.
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A contract between Lee and Mary may not be assigned if it
a. does not expressly permit assignment.
b. involves a sale of goods.
c. involves personal services.
d. is oral.
In contract law, the general rule is that a contract can be assigned unless there is a specific provision or circumstance that prohibits or restricts assignment.
While there are exceptions and specific rules depending on the jurisdiction and type of contract, the absence of an express provision allowing assignment typically means that the contract cannot be assigned.
b. Involves a sale of goods: Contracts involving the sale of goods can generally be assigned unless there is a specific provision prohibiting assignment. The Uniform Commercial Code (UCC), which governs the sale of goods in the United States, allows for assignment of contract rights in such cases.
c. Involves personal services: Contracts for personal services can be assigned unless the contract specifically prohibits assignment or if the assignment would significantly change the duties or obligations of the contracting parties. However, personal service contracts often contain provisions addressing the assignment or delegation of duties.
d. Is oral: While written contracts are generally preferred for clarity and enforceability, oral contracts can still be valid and enforceable in many situations. The enforceability of an oral contract is generally not dependent on its assignability. Whether an oral contract can be assigned or not would depend on the applicable contract law principles and any specific provisions or circumstances involved.
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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.
Consumers have certain rights that do NOT carry corresponding responsibilities.
Please select the best answer from the choices provided
T
F
Answer:
Explanation:Consumers have certain rights that do NOT carry corresponding responsibilities....(false is the answer)MVGOY TUI Neuleen U12 QUESTION 4 of 10: You save $500 in a retirement account at age 25. It increases an average of 10% per year until you are 65. Which formula and result indicates how much money you will have in this account at age 65?
Answer:
Future value at age of 65 = $22,626.5 (Approx.)
Explanation:
Given:
Amount deposit in retirement account = $500
Number of year = 65 year - 25 year = 40
Average rate of increase = 10 %
Find:
Future value at age of 65
Computation:
A = P[1+r]ⁿ
Future value at age of 65 = Amount deposit in retirement account[1+Average rate of increase]ⁿ
Future value at age of 65 = 500[1 + 10%]⁴⁰
Future value at age of 65 = 500[1 + 0.10]⁴⁰
Future value at age of 65 = 500[1.10]⁴⁰
Future value at age of 65 = 500[45.259]
Future value at age of 65 = $22,626.5 (Approx.)
PLEASE HELPPPPP due by tomorrow pleaseeee
write a one-page report that details the individual’s job position, education, and career training, current job responsibilities, and what the person enjoys the most about the job position.
The job description contains sufficient information to describe major responsibilities and essential functions as they exist today. They provide the information necessary to classify the position, not the person; thus they are “incumbent neutral” and not based on any specific quality of an incumbent (such as knowledge, skills, abilities, performance, dedication, loyalty, years of service, or degree). The document should not include every detail of how and what work is performed so that it remains useful even when minor changes occur. Job descriptions can be written as a joint effort between supervisor and employee, but the supervisor must approve.
The law of demand relates primarily to which of the following?
A
the actions of producers in response to changes in prices
B
the actions of producers in response to changes in production costs
C
the actions of consumers in response to changes in prices
D
the actions of consumers in response to changes in production costs
The law of demand relates primarily to the actions of consumers in response to changes in prices. Thus option (C) is correct.
What is demand?A demand of a product or a commodity is how much a consumer is willing and able to pay for a product at a given time.
The law of demand states the relationship between price and quantity demanded, ceterus paribus. It states that when the price of a product increases its demand decreases, other things remaining constant and vice versa.
The graphical representation of the law of demand is known as demand curve . When the tuition fees of a college falls then the demand for college enrollment will rise.
The law of demand relates primarily to the actions of consumers in response to changes in prices. Therefore, option (C) is correct.
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Aggregate demand and aggregate supply refer to Choose one: A. demand and supply of a specific good, respectively, if we add up all the buyers in the economy. B. demand and supply of a specific good, respectively, if we add up all the sellers in the economy. C. demand and supply of GDP, respectively.
Aggregate demand and aggregate supply refer to the overall demand and supply of all goods and services in an economy, not just a specific good. Therefore, option C is the correct answer.
Concept of aggregate demand and supply curves, which show the relationship between price levels and the total quantity of goods and services demanded or supplied in an economy.
These curves take into account factors such as consumer spending, investment, government spending, and net exports, and can be used to analyze the overall health of an economy and inform macroeconomic policies.
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What is the purpose of writing a topic sentence?
A. To summarize the meaning of the bottom-line statement
B. To put the paragraphs in the proper order
C. To summarize the main point of the paragraph
D. To make the headings more persuasive
Answer:
C.
Explanation: APEX
2. A flexible tape with different type of measurements essential for taking
body measurements.
a. ruler
b. yard stick
c. hem gauge
d. tape measure
3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint