A decrease in quantity demanded because of an increase in price is represented by a movement up and to the left along the demand curve. True O False
Answers
A decrease in quantity demanded because of an increase in price is represented by a movement up and to the left along the demand curve. Thus, the given statement is true.
When the price of a good or service increases, consumers are less likely to purchase it because it has become relatively more expensive in comparison to other goods. This results in a decrease in the quantity demanded as shown by a movement along the demand curve.
The movement is upward because the price has increased, and it’s leftward because consumers are purchasing less of the good or service. This concept of a downward-sloping demand curve is based on the law of demand, which states that as the price of a product increases, ceteris paribus, consumers will demand less of it.
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False. A decrease in quantity demanded due to an increase in price is represented by a movement up and to the right along the demand curve, not up and to the left.
Quantity demanded refers to the amount of a particular good or service that consumers are willing and able to purchase at a given price during a specific period of time. It represents the quantity of a product or service that buyers in the market are willing to acquire at a particular price level, holding other factors constant.
Quantity demanded is influenced by several factors, including the price of the product, consumer preferences, income levels, prices of related goods, consumer expectations, and other socioeconomic factors.
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Related Questions
Suppose that, from 1985 to 1986, unemployment fell from 7.2 to 7.0 percent and inflation fell from 3.8 to 1.1 percent. an explanation of these changes might be that the
Answers
An explanation for the situation when unemployment fell from 7.2 to 7.0 percent and inflation fell from 3.8 to 1.1 percent is that aggregate supply curve shifted to the right
What is an aggregate supply?An aggregate supply refers to the overall supply of goods and services that is produced within an economy at a price in a period of time.
In conclusion, when productivity increases or the price of key inputs falls, the the aggregate supply curve shifts to the right and makes lower inflation, higher output, lower unemployment possible.
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Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:
Answers
Answer:
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
4. 9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. 2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
B. Gross profit percentage=43.47%
Explanation:
A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2
1 to 3 Preparation of the journal entries to record sales
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
(1/4*1,250)
4. Preparation of the journal entry to record goods return on February 9
9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. Preparation of the journal entry to record collected on March 2
2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
(1,250-312.50)
B. Calculation for the gross profit percentage for sales to Sarah's Cycles
First step is to find the gross profit
Net sales 937.50
Less Cost of goods sold (530)
(725-195 )
Gross profit 407.50
Now let calculate the Gross profit percentage using this formula
Gross profit percentage = Gross profit/Sales
Let plug in the formula
Gross profit percentage=407.50/937.50
Gross profit percentage=0.4347*100
Gross profit percentage=43.47%
How does the financial market impact the economy?
Answers
Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
The needs of borrowers and lenders are met by the combination of well-established financial markets and institutions as well as a wide range of financial products and instruments, which benefits the economy as a whole.
Investors can specialize in specific industries or services, diversify their risks, or do both thanks to financial markets (like those that trade stocks or bonds), instruments (including bank CDs, futures, and derivatives), and institutions (like banks, insurance companies, mutual funds, and pension funds). Financial markets and financial institutions, collectively contribute to economic growth; nevertheless, the relative proportion of the two does not seem to be a significant determinant in growth.
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Calculate the pay for the following day of a weekly time card given a wage of $15/hr
Answers
Answer: $132
Explanation:
What is the biggest business in the world right now and why.
Answers
Answer:
Apple
Explanation:
It is worth the most money. It is worth 2 trillion dollars.
Answer:
anime
Explanation:
an anime? jus cu.z i luv anime
Determine the effective tax rate for a taxable income of $95,600. round the final answer to the nearest hundredth.
a. 17.00%
b. 17.61%
c. 22.70%
d. 24.00%
Answers
The effective tax rate is option (b)17.61%. The effective tax rate for businesses is determined using dividends of earnings before taxes.
What is an effective tax rate?The effective tax rate is the percentage of income that a person or business owes or pays in taxes. The effective tax rate is the average tax rate at which a person is taxed on both earned income (such as wages) and unearned income (such as dividends from stocks). The percentage that is mandated by law is the statutory tax rate; however, a company's effective tax rate is the average rate at which its pre-tax profits are taxed. By dividing the Total Tax figure on line 24 by the Taxable Income figure on line 15 and multiplying the result by 100, a person can determine their effective tax rate by looking at their 1040 form.
This plan would have an effective tax rate of 17.61%.
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A high accounts receivable turnover ratio indicates.
Answers
A high accounts receivable turnover ratio indicates that a firm is efficient in converting receivables to cash.
What is the receivables turnover ratio?
Receivables turnover ratio is an example of an activity ratio which measures how efficiently a firm carries out its daily activities. Receivables turnover ratio is the ratio of revenue to average reciveables.
Receivables turnover ratio = Revenue / average receivables
The faster it is for a firm to collect its receivables, the more efficient the firm is.
What are the equilibrium price and equilibrium quantity in this situation?
4.00
A
demand
3.50
supply D
3.00
Price
2.50
per
Pound 2.00
(dollars)
1.50
1.00
0.50
B
→
1,000 2,000 3,000 4,000 5,000 6,000 7,000
Quantity of Apples (pounds)
L
Answers
Answer:
6.00.50
Explanation:
what structural arrangement needs to be in place for the hrm function to contribute strategically to firm effectiveness?
Answers
For the HRM function to contribute strategically to firm effectiveness, then, the senior HR person must be part of the top management team reporting directly to the chief executive officer and there must be a different structural arrangement within the function itself
What is the role of Human resource management?In an organization, human resource management involves the practice of recruiting, hiring, deploying and managing of employees, it is often referred to simply as human resources (HR). The organization's HR department is usually responsible for creating, putting into effect and overseeing policies governing workers and the relationship of the organization with its employees.
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What is the interest on a $4,500 note payable that is due in 3 months with a rate of 9%?
Answers
The interest on $4,500 note payable that is due in 3 months with rate of 9% is $101.25.
What is note payable?A note payable refers to a written agreement between a borrower and a lender that outlines the terms of a loan. It is a promise to pay back the borrowed amount along with any interest or fees within a specified time period. Note payable is a type of liability for the borrower, and it appears on the balance sheet as a current or long-term liability, depending on the repayment period. The repayment terms can vary, including interest-only payments, equal payments, or a lump-sum payment at maturity. Note payable is commonly used for short-term loans, such as bank loans, or for long-term loans, such as mortgages. It is important to carefully review and understand the terms of the note payable before agreeing to it, as failure to meet the repayment terms can result in serious consequences.
Principal = $4,500
Rate = 9% (or 0.09 as decimal)
Time = 3/12 (or 0.25 as decimal, since 3 months is quarter of year)
Interest = Principal x Rate x Time
Interest = $4,500 x 0.09 x 0.25
Interest = $101.25
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most business proposals deal with
Answers
Most business proposals deal with decisions about allocating resources to provide efficiency to the firm.
By business, what do you mean?A business is a enterprising organization or entity that engages in commercial activity. They may be industrial, commercial, or other types. Businesses that are for profit operate with the intention of making a profit, whereas those that are nonprofit focus on charity purposes.
What are the foundations of business?You should start by learning the fundamentals of business if you want to succeed. You may build a lasting firm by studying your clients and learning about their wants and needs, but you must first develop the fundamental business skills needed.
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Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise. Which of the following functions should he use?
Answers
Answer:
IF function
Explanation:
The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.
To do the task in the question, Nathan can only make use of the IF function.
This is so, because the question relates to conditional statement.
The full if statement is:.
=IF(A1 < B1, "YES","NO")
List your personal and professional goals and create an individual career plan. Your plan should have specific milestones and achievements and should span 10 years.
can someone help me I want to go into the Navy or be a Tattoo artist and I can't think of anything for this.
30 POINTS!!
Answers
Explanation:
Setting specific, measurable career development goals can help you get to the next level in your career. While developing a career plan can entail a significant amount of work, it will pay off in helping you to understand where you want to go with your career next and what you need to do to get there.
Creating and implementing an employee career development plan allows you to feel motivated at work, even if you haven’t found your dream job just yet, because it helps you to make concrete plans to get there.
Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.
Applying a________ to material within study materials will help students to recall information during a test.
a. Visual framework
b. Personal key
c.Ladder system
d.None of these
Answers
Answer:
Applying a visual framework to material within study materials will help students to recall information during a test.
Explanation:
This is because visual aids such as diagrams, mind maps, and flowcharts can help to organize information and make it easier to remember. By creating a visual framework for the material within study materials, students can better understand the relationships between different concepts and topics, and how they fit together as a whole. This can aid in retention and recall of the information during a test.
What is average variable cost if total variable cost is $500, total fixed cost is $100, and output is 50?
Answers
The average variable cost will be $10
Total Variable Cost = $500
Total Fixed Cost = $100
Output = 50
AVC = TVC/Q
AVC = 500/50
AVC = 10
Average variable cost is determined by dividing total variable cost by production volume. Subtract the average variable cost from the average total cost. This ensures that you get an average fixed cost per unit. Average Total Cost (ATC) is determined by dividing Total Cost by Total Production. A typical total cost curve is usually U-shaped.
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10 of 48 A statement of requirements primarily expresses how to fulfill forecasted system needs. lists alternative options for enacting the goals of the strategic facility plan. primarily expresses vision statement goals that are a type of stretch goal. for design is an internally produced space planning and relocation forecast.
Answers
Statement of requirements include meets system needs; alternative options include address strategic facility goals; vision goals include stretch targets; "for design" has internal space planning and relocation forecast.
A statement of requirements serves as a blueprint for meeting forecasted system needs. It outlines specific criteria and specifications that must be fulfilled to ensure the successful implementation of a system or project. This document helps align the development process with the identified needs, ensuring efficiency and effectiveness in achieving desired outcomes.
When creating a strategic facility plan, alternative options are considered to address the goals and objectives of the plan. These options provide flexibility and allow for the exploration of different approaches, technologies, or methodologies to achieve the desired outcomes. By evaluating and comparing these alternatives, organizations can select the most suitable and cost-effective solutions for their strategic facility planning.
Vision statement goals are often considered as stretch goals because they represent ambitious and aspirational targets that go beyond the current capabilities or performance levels. These goals inspire and challenge organizations to reach new heights, fostering innovation and driving continuous improvement.
"For design" refers to an internally produced space planning and relocation forecast. This indicates that the design process and space planning are handled internally within the organization. The forecast helps assess and anticipate future space requirements and relocation needs, facilitating effective resource allocation and planning for facility changes.
In summary, a statement of requirements addresses forecasted system needs, alternative options are considered for strategic facility planning goals, vision statement goals are stretch goals, and "for design" signifies an internally produced space planning and relocation forecast.
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Receiving an email that says you have changed your bank account password when you have not is:
A. likely a warning sign of fraud, but the email should be opened to be certain.
B. not likely a warning sign of fraud, but the email should be deleted regardless.
C. not likely a warning sign of fraud, and the email should be opened.
D. likely a warning sign of fraud, and you should contact your bank.
Answers
Answer:
D. likely a warning sign of fraud, and you should contact your bank.
Explanation:
If you have not changed your bank account's password, and you are the only one you know with access to the account, you should suspect either that your account has been compromised or that you are being scammed. Call the official number of your bank to find out (not the one on the email.)
Answer:
. likely a warning sign of fraud, and you should contact your bank.
Explanation:
HELP PLEASE!
1. The Inca civilization's city of Machu Pichu is an example of...
exceptional creative skills
exceptional political skills
exceptional engineering skills
exceptional life skills
2. Before you start practicing as an architect, you must first be certified through:
the NCAA (the National College Athletics Association)
the NWAC (the Northwest Accreditation Committee)
the NCARB (the National Council of Architectural Registration Boards)
the ITSE (the International Technology Symposium of Engineers)
3. Some warehouses and factories may utilize the services of:
an artist
a digital animator
an architect
a meteorologist
4. Ancient architects have used the principles of design to build which of the following?
Homes
Public spaces
Temples & religious spaces
All of the answer choices are correct
5. When researching which career that interests you the most, why is it important to also consider the projected growth of the profession?
It reveals who your competition might be.
It reveals the possible number of jobs that will be available in the field.
It directly relates to how many professional friends you will be making in the future.
Projected growth has no relevance in today's society.
6. An architect will create a design taking into account which factors?
Type of software used to create the architectural design
The quality of paper on which the design is printed
The specific color codes used to indicate the structures in the local area
None of the answer choices are correct
7. Architectural firms bid on what type of projects?
Land excavation projects
Land reclamation projects
Urban space beautification projects
Government and private projects
8. To be an effective City Planner, you must have the ability to work with:
others as well as independently
both structural and mechanical engineers
water quality specialists and pollution controllers
Interior design firms and Urban Planners
9. The structures that a structural engineer designs and builds must take into account which of the following?
Weather
Traffic
Changes in temperature in the structure
All of the answer choices are correct
10. A city planner is responsible for developing effective plans for the development and use of land in which of the following places?
Urban regions
Metroplexes
Small Towns
All of the answer choices are correct
Answers
2.NCARB
3. An architect
4. All of the above
5. It reveals possible number of jobs
6. None of the above
7. Government and private projects
8. Others as well as indepently
9. Traffic
10. Urban regions
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.
Answers
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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Which is worth more, a company that paid $2 dividend last year and is expected to have a dividend growth of 10% or a company that paid $3 dividend last year and is expected to have a dividend growt
Answers
To determine which company is worth more, we need to consider the present value of their expected future dividends. Assuming a required rate of return of r, we can calculate the present value of the dividends using the dividend discount model.
Let's compare the two companies:
Company A:
- Last year's dividend: $2
- Dividend growth rate: 10%
Company B:
- Last year's dividend: $3
- Dividend growth rate: 8%
To compare the present value of their dividends, we need to choose a discount rate. Let's assume a discount rate of 10% for this example.
For Company A:
Expected dividend next year = $2 * (1 + 10%) = $2.20
Present value of future dividends = $2.20 / (1 + 10%) = $2.00
For Company B:
Expected dividend next year = $3 * (1 + 8%) = $3.24
Present value of future dividends = $3.24 / (1 + 10%) = $2.95
Comparing the present values, we see that Company B has a higher present value of future dividends ($2.95) compared to Company A ($2.00). Therefore, based on this analysis, Company B is worth more.
Please note that this is a simplified analysis and does not consider other factors that may affect the value of a company. It is always recommended to conduct a comprehensive valuation analysis before making investment decisions.
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What does the concept of scarcity explain?choose three answers
Answers
The concept of scarcity explains:
why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy a single resource has more value than another resource.Scarcity as an economic idea "refers back to the basic reality of lifestyles that there exists most effective a finite quantity of human and nonhuman resources which the first-rate technical expertise is capable of the usage of to provide most effective restricted most amounts of each economic appropriate. shortage in economics refers to whilst the call for for a resource is greater than the deliver of that aid, as assets are limited. shortage consequences in purchasers having to make selections on how high-quality to allocate assets a good way to satisfy all simple needs and as many desires as feasible. shortage refers back to the confined availability of a useful resource in contrast to the infinite desires. shortage may be with appreciate to any natural assets or with admire to any scarce commodity. scarcity can also be called paucity of sources.
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Answer:
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why a single resource has more value than another resource.
Explanation:
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
(i took the test)
True or false?
The law of diminishing returns states that as more variable inputs are added to production, the productivity of these inputs increases.
Answers
Answer:
that would be true
Explanation:
The change in demand resulting from this change in real purchasing power is called:
Answers
The change in demand resulting from a change in real purchasing power is called income effect.
The income effect describes the impact that a change in the price of a good or service has on the purchasing power of a consumer's income, and how that change in purchasing power then affects the quantity demanded of that good or service. If the price of a good or service increases, a consumer's purchasing power decreases, and the quantity demanded may decrease as a result.
Similarly, if the price of a good or service decreases, a consumer's purchasing power increases, and the quantity demanded may increase as a result. Real purchasing power refers to the amount of goods and services that a consumer can afford to purchase with their income, after accounting for the effects of inflation. A change in real purchasing power can occur due to changes in the consumer's income or changes in the prices of goods and services.
For example, if a consumer's income increases but the prices of goods and services remain the same, their real purchasing power will increase because they can afford to buy more with their income. Conversely, if the prices of goods and services increase but the consumer's income remains the same, their real purchasing power will decrease because they can afford to buy fewer goods and services with their income.
The change in demand resulting from a change in real purchasing power is known as the income effect. The income effect refers to the change in the quantity of goods and services demanded by consumers in response to a change in their real income, assuming that the prices of goods and services remain constant.
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What type of documents do you see in the given image? The given image shows .
Answers
Answer: business report
Explanation:
Answer:
business reports
Explanation:
plato
I don´t get it plzz help me
Answers
Anandi has been working with Excel to record data from an extensive physics experiment at her university. She
hundreds of columns representing different trials, and many rows showing different pieces of data from each trial
handful of cells have data that stand out, so she needs to show them to her professor, even though these cells ar
hundreds of columns apart.
If Anandi has written down the names of those cells, what is the fastest way to get to these cells while in Excel?
O dragging the scroll box and trying to find the needed cells
O pressing the arrow keys until each appropriate cell is active
O holding the shift key while typing in the addresses of all cells
pressing Control + G and typing in the address of each needed cell
Answers
Answer: pressing Control + G and typing in the address of each needed cell
Explanation:
Assuming Anandi has written down the names of the cells, the fastest way to get to these cells while in Excel will be for him to press Control + G and type in the address of each needed cell.
It should be noted that Control + G refers to a keyboard shortcut that is used when one wants to move to a particular line in a spreadsheet or document or advance through the Find results.
By pressing Control + G and typing in the address of each needed cell, thus will take Anandi to the required cell faster.
Does this sound mean I have to send it to my teacher :
(Before you read this letter please note I don't mean any harm or disrespect)
Dear Mr. Rosenburg,
I find it very immature that you posted this statement "Today we are asking you to read first, the most important part of the assignment, and then fill the attached google doc questions."Before this statement you had already gave me notes and things to fix on my assignment. All I ask is that you take into consideration the things you post in the public chat, especially if you students deal with emotional trauma. Further more enjoy the rest of your day.
Sincerely Nevaeh
Answers
Answer:
that is not rude nor sarcastic. You should be good. If he takes it as an offense that is his problem, he shouldn't take someones feelings about an assignment as rude or ignorant.
Explanation:
Reka Rahim is employed at Damon's Deli. She has family medical coverage through the company's group medical plan. The annual cost of Reka's family coverage is $12,800. The company pays 80% of the cost. How much is deducted from her biweekly paycheck for medical insurance?
Answers
Answer:
$98.46 per biweekly payment
Explanation:
the total cost of Reka's health insurance = $12,800
her employer pays = $12,800 x 805 = $10,240
Reka must pay = $12,800 - $10,240 = $2,560
there are 52 weeks in a year, so Reka receives 52 / 2 = 26 biweekly payments
amount deducted per biweekly payment = $2,560 / 26 = $98.46
B. Industria and Extractive Occupation can be grouped into Extractive, direct and indirect C Construction, Manufacturing D. Manufacturing, Commercial and direct
Answers
Industrial and Extractive Occupation can be grouped into option A. Extractive, direct, and indirect.
What is the Occupation about?Businesses and extractive occupations include the extraction of crude materials from nature. This incorporates businesses such as mining, oil and gas extraction, logging, as well as angling.
These businesses extract assets from the environment and get ready them for assist handling or utilize in fabricating and other businesses. They are fundamental for giving the crude materials that back numerous other businesses and financial exercises.
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Question 9 of 10
The amount of money you must pay to maintain an insurance policy is called
the
A. coverage
B. premium
C. liability
O D. deductible
SUS
Answers
Answer:
B. premium
Explanation:
hope this helps
Answer:
The answer is liabilities