which statement is consistent with the law of demand? multiple choice 1 a reduction in market price will lead to a decrease in quantity demanded. at a zero price, quantity demanded will be equal to zero. an increase in market price will lead to an increase in quantity demanded. a reduction in market price will lead to an increase in quantity demanded.
Answers
A reduction in market price will lead to an increase in quantity demanded is the consistent statement with the law of demand.
What is the law of demand?An economic theory called the law of demand controls how many things people will buy at a specific price. The price of a good and the amount demanded are inversely related, according to the law of demand. Demand for a good reduces when its price goes up, and vice versa, when its price goes down, demand for that good increases. Economists employ this economic theory in both microeconomics and macroeconomics, making the assumption that only the price changes and that all other factors that can affect demand, such as consumer preferences and income, remain constant.The law of supply, which asserts that when the market price of an item rises, suppliers will increase their supply of that good, and vice versa, is closely related to the law of demand. So, option 4 is correct.
The complete question is :
Which statement is consistent with the law of demand?
A reduction in market price will lead to a decrease in quantity demanded. At a zero price, quantity demanded will be equal to zero. An increase in market price will lead to an increase in quantity demanded. A reduction in market price will lead to an increase in quantity demanded.To learn more about law of demand, refer:
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Related Questions
Heyy
Can someone help me please
Answers
Which of the following is FALSE? a. To reduce cannibalization among products, make the products more homogenous b. After acquiring a substitute product, raise prices on both the products c. After acquiring a complementary product, lower prices on both the products d. All of the above
Answers
Answer: c. After acquiring a complementary product, lower prices on both the products
Explanation: Market or product cannibalization is a loss in sales which occurs when a company introduces a new product that displaces one of its own older products. The cannibalization of an existing products leads to no increase in the company's market share despite sales growth for the new product. So what is best to be done here is to lower the prices on both products.
A very large company would be most likely to have a(n)
Blank its accounting department.
at the head of
Answers
Answer:
manager or head of accounting that makes the most sense to me
Explanation:
Jorge's soccer team is having its annual fundraiser. The team hopes to earn at least three times as much as it did last year. Last year the team earned $87. What is the team's goal for this year?
Answers
Answer:
131usd is the aswer
Explanation:
87*3=131usd
Which of the following is NOT a key tenant of an SRM system? a. Integration b. Visibility c. Lean operations d. Automation
Answers
There are different kinds of system. The option that is not a key tenant of an SRM system is Lean operations.
What is Supplier relationship management (SRM)?This is known to be a form of systematic method to looking into vendors that supply one's company with goods, materials and services.
This is done by finding out each supplier's strategic value and developing a supplier scorecard using their contribution to one's success. Lean operations is not one of the method used.
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if the marginal utility line is above the horizontal axis, this means that:
Answers
If the marginal utility line is above the horizontal axis, it means that the consumer is receiving positive marginal utility from consuming an additional unit of the good.
Marginal utility refers to the additional satisfaction or benefit a consumer receives from consuming one more unit of a good or service. If the marginal utility line is above the horizontal axis, it indicates that the consumer's satisfaction is increasing as they consume more of the good, and they are willing to pay more for each additional unit of the good.
Conversely, if the marginal utility line is below the horizontal axis, it means that the consumer is receiving negative marginal utility from consuming an additional unit of the good, indicating that their satisfaction is decreasing as they consume more of the good, and they are less willing to pay for each additional unit.
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The basis of competition is freedom of ______ exercised in the pursuit of ______.
Answers
The basis of competition is freedom of choice exercised in the pursuit of money.
What is competition?Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.
The purpose of competition is for businesses to try to outdo each other in order to earn more.
Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.
Hence, the basis of competition is freedom of choice exercised in the pursuit of money.
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Keynes's liquidity preference theory of the interest rate suggests that the interest rate is determined by?
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Keynes's liquidity preference theory of the interest rate suggests that the interest rate is determined by the supply and demand for money. According to this theory, individuals hold money for three main motives: transactions, precautionary, and speculative.
The interest rate is determined by the balance between the demand for money and the supply of money. When the demand for money exceeds the supply, individuals are willing to pay a higher interest rate to obtain the desired amount of money. Conversely, when the supply of money exceeds the demand, individuals are willing to accept a lower interest rate to lend out the excess money. In summary, the interest rate is determined by the interaction between the supply and demand for money in the economy.
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5. mary, a single woman with no children, owns her own home. she dies intestate. what happens to her property?
Answers
The Law of Descent will designate an administrator, who will thereafter distribute it to her heirs.
What is meant by Law of Descent?
The laws of the state where the descendant resides will often control the rules of descent, which can vary somewhat from state to state.
The area of law known as "law of descent and distribution" determines who is qualified to receive a decedent's estate under the applicable inheritance rules.
The state law that specifies the transfer of assets to the estate's heirs is known as the law of descent and distribution. The transfer of real estate owned by a deceased person who did not leave a will is governed by the law. The rights and obligations of heirs, next of kin, and distributees who are entitled to a share of the deceased person's property are outlined under the law of descent and distribution.
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An inheritance of $250,000 is to be divided among Chris, Kelly, and Julie in the following manner: Kelly is to receive (3)/(4) of what Chris gets, while Julie gets (1)/(3) of what Chris gets. How much does Kelly receive?
Answers
Kelly will receive $90,000.. Let's denote the amount that Chris receives as "x." The sum of the amounts received by all three individuals should add up to the total inheritance of $250,000:
x + (3/4) * x + (1/3) * x = $250,000
To simplify the equation, we can find a common denominator:
(12/12)x + (9/12)x + (4/12)x = $250,000
(25/12)x = $250,000
To isolate x, we can multiply both sides of the equation by (12/25):
x = ($250,000) * (12/25)
x = $120,000
Now that we know the amount Chris receives, we can calculate how much Kelly gets, which is 3/4 of what Chris receives:
Kelly's amount = (3/4) * $120,000
Kelly's amount = $90,000
Therefore, Kelly will receive $90,000.
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Amazon collects massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers. This activity refers to.
Answers
The activity where Amazon collects massive amounts of data to use to analyze customers is known as:
Marketing AnalyticsWhat is Data Analysis?This refers to the use of data for analysis where the different sets of data are separated and sampled so as to monitor behavior.
With this in mind, we can see that because big companies make use of marketing analytics in order to correctly analyse their customers and what they are searching, what they like doing as a means to better serve their customers.
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sustainable success in business usually: is required by the federal government. assures business profitability. benefits society along with the company. improves the environment.
Answers
Sustainable success in business benefits society and the company, but it is not required by the federal government.
Sustainable success in business is achieved when a company is able to balance profitability with social responsibility and environmental stewardship. While it is not required by the federal government, many businesses are recognizing the benefits of operating in a sustainable manner. By minimizing their impact on the environment, companies can reduce costs associated with waste and resource consumption. Additionally, consumers are increasingly seeking out socially responsible companies, which can lead to increased customer loyalty and profitability. Moreover, sustainable business practices benefit society as a whole by reducing pollution and preserving natural resources for future generations. In short, sustainable success is a win-win for businesses, society, and the environment.
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Tyler's net income is approximately $40,000 annually. He has borrowed
$400,000 from the bank to buy a house (mortgage) and must pay 3% interest
each year. What is the cost of borrowing the money?*
Answers
Answer:
$400000 is the correct answer
What is one difference between common and preferred stock?
A. Common stockholders receive higher dividends than preferred
stockholders,
B. Holders of common stock are paid off sooner than holders of
preferred stock if the business goes bankrupt.
C. Common stock costs more than preferred stock
D. Common stock value can appreciate more than preferred stock.
Answers
Answer:
C. Common stock costs more than preferred stock
Explanation:
The two most important inventory-based questions answered by the typical inventory model are ______.
Answers
1. How much inventory should be ordered and when?
2. What is the optimal order quantity and reorder point?
The first question addresses the decision of how much inventory to order and when, taking into consideration factors such as lead time, holding costs, and shortage costs. The second question focuses on determining the optimal order quantity and reorder point, which is the level of inventory at which a new order should be placed, in order to minimize total inventory costs (such as holding and ordering costs).
These questions are crucial for effective inventory management as they help to minimize costs while ensuring that customer demand is met in a timely manner. The answers to these questions can be used to develop and implement an inventory control policy that balances the trade-off between holding costs and shortage costs, and helps to minimize overall inventory costs.
Charitable donations, entertainment expenses, and
financial goals are all examples of...
things to consider when creating a budget.
things that are considered needs.
activities that contribute to overspending.
activities that are necessary for a healthy lifestyle.
Answers
Answer: Things to consider when creating a budget.
Explanation: Trust me bro
Giving donations, entertainment costs, and financial goals are all examples of the things to consider when creating a budget. As donation and entertainment expenses can be the measures to control the budgeting.
How making budget is helpful?Budget keeps the person spending tightly accurate to the mark and like to help in saving of the money. It facilitates the person income and expenses equally and shows how much person can spend on the specific thing.
Budget cuts the extra expenses of the person and provide the measurement of spending.
Thus, option A is correct.
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Actual hours used 5,500; Standard hours allowed 5,800; Actual labor rate $14.75 per hour; and Standard labor rate $14.00 per hour. The labor rate variance is Blank______.
Answers
The labor rate variance is $4,200 Favorable.
What is labor rate variance?The labor rate variance is what shows the difference between the labor cost expended and the cost to be spent on labor.
Labor rate variance is computed as:
= Standard labor rate * ( Actual hours used - Standard hours allowed)
= $14.00 x ( 5,800 - 5,500)
= $14.00 * 300
= $4,200
Hence, the labor rate variance is $4,200 Favorable.
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If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction into the accounting equation by:____.
Answers
If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction by increasing cash and decreasing accounts receivable.
The accounting equation is a fundamental accounting concept and a crucial part of the balance sheet. The calculation looks like this:
Assets = Liabilities + Shareholder’s Equity
This equation highlights the balance sheet's structure and lays the groundwork for double-entry accounting, also referred to as double-entry bookkeeping. In a double-entry accounting system, every transaction affects at least two accounts.
The balance sheet's foundation is the accounting equation. The statement of financial position and balance sheet are both financial statements. Assets, Liabilities, and Shareholder's Equity are the three main sections of the balance sheet, along with their various underlying components.
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James Blunt is a model employee. He has not missed a day of work in the last five years. He even forfeits his vacation time to make sure that things run smoothly. James literally does the work of two people. He started out working as the purchasing agent in charge of buying raw materials for a small manufacturing company. Approximately five years ago the inventory control agent in the receiving department resigned. James agreed to resume the duties of the control agent until a replacement could be hired. After all, James said that he knew what was supposed to be delivered to the company because as the purchasing agent he had been the person who placed orders for the inventory purchases. James did such a good job that the company never got around to hiring a replacement. James received the employee of the year award five out of the last six years. James is also very active in his community. He works with underprivileged children. His weekends are always filled with community service. Indeed, his commitment to social consciousness is described by some people as bordering on fanatical.
James recently had a serious heart attack. People said that he had overworked himself. His hospital room was filled with flowers and steady stream of friends visited him. So, people were in shock when James was charged with embezzlement. Ultimately, it was revealed that while James was in the hospital his replacement discovered that James had been purchasing excess quantities of raw materials. He then sold the extra materials and kept the money for himself. This became apparent when the companies to whom James had been selling the excess called to place new orders. It was difficult to determine the extent of the embezzlement. After the accounting department paid for James's excess purchases, he would remove the paid voucher forms from the accounting files and destroy them. Since the forms were not numbered, it was impossible to determine how many of the paid forms were missing. At his trial, James's only explanation was: "I did it for the children. They needed the money far more than the company needed it."
Required:
If the internal control procedures have been followed, this embezzlement could have been avoided. Name the internal control practices and co- relate with Standards of Ethical Conducts that were violated in this case.
Make recommendations on the company and on the person involve how to avoid and solve this kind of endeavor.
Answers
If the internal control procedures had been followed, this embezzlement could have been avoided. The internal control practices that were violated in this case include:
Separation of Duties: James was allowed to perform both the purchasing agent and inventory control agent roles without any oversight or checks. This lack of separation allowed him to manipulate the system and embezzle funds.
Regular Audits: Regular audits of the purchasing and inventory control processes could have detected the excess quantities of raw materials being purchased by James and the subsequent selling of those materials.
Numbering of Voucher Forms: By numbering the voucher forms used for payment, it would have been easier to identify any missing forms and investigate discrepancies.In order to avoid and solve such endeavors, the company should: Implement a system of segregation of duties, ensuring that no single employee has complete control over multiple critical processes.
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he government increasing/decreasing its spending and/or increasing/decreasing tax rates would have to do with ________________. *
Answers
Answer:
Fiscal policies
Explanation:
Fiscal policies are the actions of the government of adjusting taxes and expenditure to achieve desired macroeconomics objectives. The government's spending and taxation activities have a great influence on the level of economic activities in the country.
The government has the objective of maintaining stable prices, a low inflation rate, a low unemployment rate, and steady economic growth. Through its various agencies, the government receives data showing the parameters of each of the macroeconomic variables. Depending on the state of the economy, the government adjusts taxes and spending to achieve desired objectives.
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answers
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
One of the most powerful predictors of entrepreneurial intent is that most future entrepreneurs possess a personality A. gregarious B. reactive O C. introverted OD. proactive
Answers
A. gregarious. Research suggests that individuals with a gregarious and extroverted personality tend to have higher entrepreneurial intent and are more likely to engage in entrepreneurial activities.
Openness to experience: Entrepreneurs are typically open-minded, curious, and willing to explore new ideas and opportunities.
Self-confidence: Entrepreneurs often exhibit high levels of self-confidence and self-belief, which helps them overcome challenges and take risks.
Need for achievement: Individuals with a strong need for achievement are driven by goals and a desire to excel, making them more likely to pursue entrepreneurial endeavors.
Proactive personality: Entrepreneurs tend to have a proactive approach to problem-solving, taking initiative and seizing opportunities rather than waiting for them to arise.
It's important to note that while certain personality traits can be predictors of entrepreneurial intent, they are not the sole determinants. Other factors such as prior experience, education, access to resources, and environmental influences also play a significant role in entrepreneurial decision-making and success.
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The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answers
Answer:
B
Explanation:
Controlling is another organizational goal
Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for dam-ages. Neal will be able to recover:a.the amount in the liquidated damages clause.b.the difference between Solomon's contract price and the amount paid by Renny.c.Solomon's contract price.d.an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.
Answers
Answer:
b. the difference between Solomon's contract price and the amount paid by Renny
Explanation:
Neal sues Solomon for damages as Solomon breaches his contract with Neal to purchase the 500 pairs of socks from him. Although he can sell the 500 pairs to Renny even then he was in loss only as he sells socks to Renny at a lower amount then it's actual cost.
In this case, Neal will be able to recover the difference between Solomon's contract price and the amount paid by Renny.
Garden Inc pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Garden accrues salaries expense only at its December 31 year end. Data relating to salaries earned in December 2020 are as follows: Last payroll was paid on Dec 27, 2020, for the two-week period ended Dec 27, 2020. Overtime pay earned in the two-week period ended Dec 27, 2020 was $ 7,000. Remaining work days in 2020 were December 28, 29, 30, on which days there was no overtime. The regular biweekly salaries total $100,000. Assuming a five-day work week, Garden should record a liability at December 31, 2020 for accrued salaries of a$24,000. b$ 37,000. c$ 53,000. d$ 29,000.
Answers
Garden Inc follows a biweekly payroll schedule and accrues salaries expense at its December 31 year end.
The last payroll for December 2020 was paid on December 27, covering the two-week period ended on the same date. During that period, overtime pay earned amounted to $7,000.However, there were three remaining work days in 2020 on which no overtime was recorded. As a result, the overtime pay of $7,000 earned in the period ending December 27 will be paid in the next biweekly period, which falls in January 2021.Therefore, Garden Inc will accrue the salaries expense for the overtime pay earned in December 2020 as part of its year-end financial statements on December 31, 2020.
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Drag each description to the correct location on the graph. This graph is the production possibility curve for a country's combined production of good A and good B. Match each description to the point on the graph that it best corresponds with
Answers
Answer:
**Starting from the bottom**
First: The country's unemployment rate has increased drastically.
Second: there are still many people without jobs, but the countries unemployment rate has decreased.
Third: The country is using its resource efficiently.
Fourth: The country wishes to produce an amount of both goods that is clearly unattainable.
I have been wanting to write a script for a while now but i dont have a plot, please give me a plot idea most creative gets brainliest
Answers
Answer:
plot : in suburbs
oh girl who was abused all her life the forced into human trafficking ♀️
Select the correct answer.
What is an opportunity cost?
Olost benefits of other opportunities
cost of taking up an opportunity
costs incurred to receive the benefits of an opportunity
O costs incurred when the wrong opportunity is selected
Answers
Answer:
lost benefits of other opportunities
Explanation:
Answer: lost benefits of other opportunities
Explanation:
HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make enough money for retirement. Which investment option would best meet William’s needs?
a US savings bond
a savings account
a commodity
a certificate of deposit
Answers
Critically explain Robbins definition of economics?
Answers
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation: