A downward-sloping demand curve means that the quantity demanded of a good and the price of that good are ________. a. inversely related b. the same amount c. not correlated d. positively related

Answers

Answer 1

Inversely related. In an inverse connection, lower costs lead to high quality demand while higher prices lead to reduced quantity demand.

Why is the law of supply and demand so crucial?

According to the rule of demand, which is a cornerstone of economics, customers will demand fewer units of a good at a higher price.

The total quantity demanded across all market consumers at each price is expressed by a market demand curve. Although price changes can be seen as movement along a demand curve, they do not by themselves cause an increase or reduction in demand. When demand changes, this curve's location or form shifts, reflecting a movement in the underlying pattern of consumer demands and wants and the means available to meet them.

To learn more about Law of Demand, visit

https://brainly.com/question/14773848

#SPJ4


Related Questions

first come first serve

Answers

Answer:

hiiii

thanks for the free points

Answer:

hi hello

Explanation:

:) :) :):) :) :) :)

PLZ HELP: FIND THE PROFIT
Fixed costs are £26,000 per year, and variable costs include wages at £10 per
unit, raw materials at £12 per unit and delivery/packaging at £3 per unit. It is expected that a business will make and sell 750 units during the year, with
a selling price of £26.

Answers

Answer:

Net loss -£25,250

Explanation:

The computation of the profit is shown below:

Sales (750 units × £26) £19,500

Less: Variable cost  (750 units × £25) £18,750

Contribution margin £750

Less: Fixed cost £26,000

Net loss -£25,250

The £25 could be calculated below:

= £10 + £12 + £3

= £25

Basically applied the above format

Imagine you work in a factory that produces several types of bicycles. A county bureaucrat delivers a report listing numbers, types, and prices of bicycles the factory should make for the upcoming season. Which kind of economic system is this most likely to be? Explain

Answers

The economic system depicted in this example is a Command Economy since the government determines the production decision.

What is a command economy?

A command economy is an economic system in which the following characteristics are prevalent:

Means of production are publicly owned.Economic activity is controlled by a central authority.Quantitative production goals and raw materials are allotted.

A command economy is different from a:

Market EconomyTraditional EconomyMixed Economy.

Thus, the economic system depicted in this example is a Command Economy since the government determines the production decision.

Learn more about economic systems at https://brainly.com/question/27683891

#SPJ1

A reduction in government borrowing can:
Question 19 options:
a)
decrease the incentive to invest.
b)
increase the interest rate.
c)
crowd out private investment in human capital.
d)
give private investment an opportunity to expand.
If the state of Washington's government collects $75 billion in tax revenues in 2013 and total spending in the same year is $74.8 billion, the result will be a:
Question 20 options:
a)
budget deficit.
b)
budget surplus.
c)
decrease in payroll tax.
d)
decrease in proportional taxes.

Answers

A reduction in government borrowing can: giving private investment a chance to grow. The borrowing of the national government has the biggest effect, although borrowing by inferior units may also have an impact.

Only borrowing from the private sector of the economy—from people, businesses, and different financial institutions, including banks—is considered government borrowing in the strict sense. Since the purchasing power is created by the central bank and no obligations to the general public are created, when the government obtains its funds from the central bank (the Bank of England, the Bank of Italy, the Bank of Japan, or the Federal Reserve System in the United States), it is actually creating money rather than borrowing it. When a government borrows money, the lender transfers money to the borrower in exchange for government securities.

learn more about government borrowing here:

https://brainly.com/question/28043668

#SPJ4

Wants can also be considered which of the following?

Answers

Answer:

What are the answer choices

say hi and i give u 94 ranking points

Answers

hi rtgijriomcfrcrecgtrcgetrgretrtrct

Answer:

hi

Explanation:

Which method of calculating inventory cost allows a business to store
inventory without indicating which batch it belongs to?
A. weighted average method
B. last in, first out (LIFO)
C. first in, first out (FIFO)
D. weighted average sales price method

Answers

first in, first out (FIFO) method of calculating inventory cost allows a business to store inventory. Inventory refers to all of the items, goods, commerce, and materials held by a company for the purpose of reselling in the market for a profit.

For instance, if a newspaper seller uses a vehicle to deliver newspapers to consumers, only the newspaper is considered inventory. The automobile will be considered an asset FIFO. The inventory is classified as an asset on the university's balance sheet. The inventory can be any physical property, merchandise, or other sales items that are retained for the future resale.

To learn more about inventory, click here.

https://brainly.com/question/15118949

#SPJ1

even though firms in competitive price-searcher markets do not produce at minimum atc, competitive price-searcher markets may still be consistent with economic efficiency because

Answers

Firms are known to be free to set price and also to face strong competitive pressure. Competitive price-searcher markets may still be consistent with economic efficiency because they provide consumers with a greater diversity of products.

Firms in competitive price-searcher markets that has a small entry obstacles often face a downward sloping demand curve.  Competition often exists from existing firms and new rivals.

Firms that exist in a perfectly competitive market are known to be price takers due to the fact that once the market determines an equilibrium price for the product, firms need to accept the stated price.

For an individual to sell a product in a perfectly competitive market, one must  just be happy with the price.

Learn more from

https://brainly.com/question/13961843

The phrase the customer is always right is most often associated with what term?

Answers

The phrase the customer is always right is most often associated with c) consumer sovereignty.

Many brands treated clients as if they lacked brain cells in the 1950s and 1960s, employing loud and abrasive voices and plainly inflated print. Ogilvy wanted to emphasize the importance of connecting with clients and treating them intelligently.

His beliefs mirrored a prevalent notion in the early 1900s: "The customer is always right."

This viewpoint was novel and significant at the time. Consider a world in which the consumer truly had some power. Today, thanks to social media, we live in a world where the customer may not always be correct in your opinion, but they are armed with social media and can use it against you.

To know more about customer:

https://brainly.com/question/3022872

#SPJ4

Correct question:

he phrase "the customer is always right" is most often associated with what term?

a) entrepreneurship

b) mixed economy

c) consumer sovereignty

d) regulatory government

Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale

Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character

Answers

Answer:veronica

Explanation:

sure

Answer:

yes i love riverdale my fav character is cheryl or betty

Explanation:

Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest
rate is 5.25% for 30 years. Use the loan payment calculator to answer the following
questions. (do not use commas or dollar signs in your answer)
What is his monthly payment?

Answers

Answer: $861.44

Explanation:

Given the following :

Purchase price = $195,000

down payment = 20%

Interest rate = 5.25%

Period = 30 years

Down payment = 0.2 × $195,000 = $39,000

Therefore, loan amount will be :

$(195,000 - 39,000) = $156,000

The payment per period (monthly payment) can be calculated using the annuity calculator.

Present value = $156,000

Number of periods = 30yrs = 30× 12 = 360 months

Interest = 5.25% / 12= 0.4375% = 0.004375

Future value = 0 (Amount when entire loan has been paid)

Therefore, the payment per period is $861.44 using the financial calculator.

Maya is concerned about her credit problems and is worried
about the debt she's accumulated throughout college. Which
of the following strategies is the most advisable for Maya?
automatically apply for bankruptcy
immediately consolidate her loans
look for a reputable credit counselor

Answers

Answer:

C!

Explanation:

Debts are often referred to as money owed by individuals and they have no way to pay for it. The

best strategy that is the most advisable for Maya is to look for a reputable credit counselor

A credit counselor often tells an individual the right steps to take concerning any credit be it debt or any other things.

If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.

Learn more from

https://brainly.com/question/9147047

The commute times for the workers in a city are normally distributed with an unknown population mean and standard deviation. If a random sample of 27 workers is taken and results in a sample mean of 22 minutes and sample deviation of 3 minutes, find a 95% confidence interval estimate for the population mean using the student's t-distribution.

Answers

If the commute items for the workers in a city are normally distributed with an unknown population mean and standard deviation. Using the student's t distribution 95% confidence interval for the sample mean is 20.8129 and 23.1870

To calculate a 95% confidence interval.

Given Data

size n = 27 ,  sample mean = 22 ,  standard deviation = 3.

Here the 95% CI is given as,

× ±  t*s/\(\sqrt{n}\)

t{(n-1),\\(\alpha\)}=t_{(27-1),0.05} = 2.056

(22± 2.056*3/\sqrt{27})

(22- 2.056*3/√27, 22+ 2.056*3/\sqrt{27})

( 22 - 1.1870 , 22 + 1.1870)

( 20.8129 , 23.187)

Thus , 95% confidence interval for sample mean is ( 20.8129 , 23.1870).

To learn more about confidence interval

https://brainly.com/question/24131141
#SPJ4

Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.

Which statement best explains the decrease in manufacturing jobs over the next few years? 1)There is

Answers

Answer:

2) These jobs are often outsourced to overseas factories.

Explanation:

The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.

What is the effect of outsourcing jobs?

Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.

Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.

The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.

Learn more about Outsourcing here:

https://brainly.com/question/14202035

#SPJ2

An associate broker terminates with a broker. The employing broker refuses to turn the license over to the Commission. Which of the following is true?

a. Automatic fine for the Employing Broker
b. The Employing Broker may be subject to disciplinary action
c. Employing broker's license is immediately suspended
d. Both associate and employing brokers may have their licenses canceled

Answers

Answer:

d. Both associate and employing brokers may have their licenses canceled

Yvonne authorizes Warren to act as her agent and sell her vehicle. Yvonne tells Warren her vehicle has never been in an accident, and Warren, despite knowing Yvonne had been in an accident a year ago in the car, passes this information on to the buyer. Is Warren liable for the misrepresentation:__________

Answers

Answer:

no

Explanation:

because he does something that he don't know what will happen ..and do not research for someone who want to hers car

TRUE / FALSE.
Question 14 1 points Save Answer Corporate VMS is a vertical marketing system that coordinates stages of production and distribution through the size and power of one of the parties. O True O False Question 15 1 points Save Answer ASDA supermarket places its store brand corn flakes cereal (priced at £0.53) next to Kellogg's corn flakes (priced at £1.89) to emphasize the cost saving customers can get by buying its private brand products. The pricing strategy used in this example is reference-based pricing. O True O False

Answers

Question 14: False. Corporate VMS is a vertical marketing system where a single entity controls multiple stages of production and distribution, leveraging its size and power.

Question 15: False. The pricing strategy used in this example is not reference-based pricing. It is an example of price positioning or price comparison strategy, where the store brand is placed next to a higher-priced brand to emphasize the cost savings. Reference-based pricing typically involves setting prices based on a reference point, such as the manufacturer's suggested retail price or a competitor's price.

learn more about vertical marketing system here:

https://brainly.com/question/29489214

#SPJ11

Can you be wise and intelligent at the same time .

Answers

Answer:

yes :)

Explanation:

wisdom comes from experience intelligence doesn't

Answer:

yes of course .................

What is your credit score based on

Answers

Answer:

FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).

Explanation:

Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?

Answers

Her entire compensation is $504.

The term "total pay" means what?

Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.

The following formula will be used to determine Cindy Haskins' total compensation:

Hourly Payment per hour= $9.00

Hours worked= 40 hours

Payment = 40 X 9 = $360

Overtime payment per hour = $9.00 X 2= $18

Overtime = 8 hours

Payment = 18 X 8= $ 144

Total Payment= $360 + $144= $504

How do you figure up total pay?

The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).

Learn more about total pay: https://brainly.com/question/1150645

#SPJ9

the primary objective of growth mutual funds is capital appreciation with a high level of current income

Answers

The primary objective of growth mutual funds is capital appreciation. These funds are designed to invest in companies or sectors that have the potential for significant growth in value over time.

The focus is on increasing the value of the investment through capital gains rather than generating current income.

While some growth funds may provide a moderate level of current income through dividends or interest payments, the emphasis is on long-term growth rather than immediate income generation. Investors in growth funds typically seek to benefit from the appreciation of the fund's underlying assets, aiming for higher returns over the long run.

The high level of current income is not the primary objective of growth mutual funds, as they prioritize the potential for capital appreciation. It is important for investors to consider their investment goals and risk tolerance when choosing mutual funds to align with their financial objectives.

Know more about financial objectives here:

https://brainly.com/question/31435896

#SPJ11

List 3 responsibilities that a consumer has when making a purchase.

Answers

Answer:

check receipt, know the return policy, read the fine print

Explanation:

Welcome

Changes in inventories are included as part of investment spending because anything produced by a business that has.

Answers

What do you want to know?

The practice of mailing advertisements only to the most likely prospects is called:.

Answers

Targeted Direct Mail is the Answer:

Explanation:

who wants to vc wit me im depressed

Answers

When someone you care about is depressed, giving advice or wisdom may be something you do with only good intentions in mind.

So, yes Video calling would be a good option.

The straightforward definition of depression?

Mental disorders like depression are rather thing. It is believed that 5% of individuals worldwide experience this condition. It is characterized by enduring unhappiness and a loss of interest or pleasure in formerly rewarding or delightful activities. It may also between with appetite and sleep.

What is the modern term for depression?

Depression, now known as major depressive disorder or clinical depression, is a common but dangerous mood disease. It creates bad symptoms that interfere with your ability to function on a daily basis, including sleeping, eating, and working.

To know more about Depression visit:

https://brainly.com/question/28810167

#SPJ1

The supply and demand for hazelnuts are given by QD = 9000 – 15P and QS = 10P, where P is price per bag (in pence) and Q measures bags per day. (It would be useful to illustrate the factors noted in a demand and supply diagram to make aspects clearer to see).

a) What is the equilibrium price and quantity?

b) Calculate consumer and producer surplus

c) Suppose the government imposes a price floor of 400p per bag. Is there a shortage or surplus of peanuts and, if so, what is the size?

d) Calculate consumer and producer surplus with the price floor.

e) What is the size of the deadweight loss?

Answers

To find the equilibrium price and quantity, we need to set the quantity demanded equal to the quantity supplied:

Quantity Demanded (QD) = Quantity Supplied (QS)

9000 - 15P = 10P

Simplifying the equation:

25P = 9000

P = 9000/25

P = 360 pence

To find the equilibrium quantity, we substitute the equilibrium price back into either the demand or supply equation:

QD = 9000 - 15P

QD = 9000 - 15(360)

QD = 9000 - 5400

QD = 3600 bags per day

Therefore, the equilibrium price is 360 pence per bag, and the equilibrium quantity is 3600 bags per day.

b) Consumer surplus is the area above the equilibrium price and below the demand curve, while producer surplus is the area below the equilibrium price and above the supply curve. To calculate consumer and producer surplus, we need to find the areas under the demand and supply curves up to the equilibrium quantity.

Consumer Surplus:

Consumer Surplus = (1/2) * (QD at equilibrium) * (Price at equilibrium - Price at 0 quantity)

Consumer Surplus = (1/2) * 3600 * (360 - 0)

Consumer Surplus = 648,000 pence

Producer Surplus:

Producer Surplus = (1/2) * (QS at equilibrium) * (Price at equilibrium - Price at 0 quantity)

Producer Surplus = (1/2) * 3600 * (360 - 0)

Producer Surplus = 648,000 pence

c) If the government imposes a price floor of 400p per bag, we need to check if this price floor is above or below the equilibrium price.

The equilibrium price is 360p per bag, and the price floor is 400p per bag.

Since the price floor is above the equilibrium price, there will be a surplus of peanuts.

The size of the surplus can be found by subtracting the quantity demanded at the price floor from the quantity supplied at the price floor:

Quantity Demanded at 400p = 9000 - 15(400) = 9000 - 6000 = 3000 bags per day

Quantity Supplied at 400p = 10(400) = 4000 bags per day

Surplus = Quantity Supplied at 400p - Quantity Demanded at 400p

Surplus = 4000 - 3000 = 1000 bags per day

Therefore, there is a surplus of 1000 bags per day.

d) To calculate consumer and producer surplus with the price floor, we need to find the areas under the demand and supply curves up to the price floor quantity.

Consumer Surplus:

Consumer Surplus = (1/2) * (Quantity Demanded at 400p) * (Price at equilibrium - Price at 0 quantity)

Consumer Surplus = (1/2) * 3000 * (360 - 0)

Consumer Surplus = 540,000 pence

Producer Surplus:

Producer Surplus = (1/2) * (Quantity Supplied at 400p) * (Price at equilibrium - Price at 0 quantity)

Producer Surplus = (1/2) * 4000 * (360 - 0)

Producer Surplus = 720,000 pence

e) Deadweight loss refers to the loss of economic efficiency due to market distortion. In this case, the price floor creates an inefficient allocation of resources, resulting in deadweight loss. The deadweight loss can be calculated by finding the triangle area between the demand

to know more about quantity

visit:https://brainly.in/question/5731573

#spj11

5. Groceries are considered what type of an expense?

Answers

Answer:

Fixed

Explanation:

Answer:

Necessary expense

Explanation:

You kinda need food to live

Aa jaaaaaao not for bad
grxogypnpq

Answers

??????????????????!???????????????

question one please. thank you

question one please. thank you

Answers

Answer:

companies like Nike Inc have mission statements to attract the attention of the public .. thereby making it more easy to sell their products in the market

What is the purpose of business law and why is there a need for it?

Answers

Answer:

So the money isn’t fraud or stolen/illegal

Answer:

Businesses are motivated by wanting to make money. That money needs to be legal and known that its for profit motived and not stolen

Other Questions
identify three (3) concerns of a resident project representative or on inspector with respect to a project during the construction phase: Carlson presents a real estate purchase contract to his clients. along with the contract are several supplemental documents attached to it. what are these called? Are the following vectors normal?a. (-2, 6), (-9,-18) In a typical Gram-negative bacterium such as E. coli, proteins known as cytochromes (which are sometimes part of larger complexes known as oxidoreductases) are localized to the ______? he played acoustic guitar in count basie's orchestra. his approach added a buoyancy to the basie rhythm section that no other big band had. You are examining samples from a site in a dry pond that alternates between freezing cold winters and hot dry summers. When you find dormant thick-walled structures, you suspect that these are from bacteria and are which domain contains common types of bacteria that may be found in the soil, in water, and inside the human body? If a member is assessed a Part D Income Related Monthly Adjustment Amount (Part D-IRMAA), the member will be notified by the Social Security Administration. Part DIRMAA is paid directly to Medicare Which of the following occurred after the Berlin Wall fell?Europe remained divided among ideological lines.The European Union collapsed.All European nations became members of NATO.Much of Europe formed a single economic market. what type of radiation must be given off in the following decay reaction? 31h32he+? The shelf life of a particular dairy product is normally distributed with a mean of 13 days and a standard deviation of 3 days. What is the probability that a randomly selected product lasts less than 12 days Write the equilibrium constant for the reaction CH4(g)+3Cl2(g) CHCl3(l)+3HCl(g), with the gases treated as perfect Millennium, Inc., a leading producer of environmentally friendly cleaning agents, is looking for a site for a new production facility. The company is mainly focusing on sites that are close to major highways and rail hubs and are not too far from some major population centers. This suggests that an important location consideration for Millennium is: How did advancements made by Gupta scholars spread from India across Asia? the following selected transactions apply to tiffany jewelers company for november and december year 1. november was the first month of operations. sales tax is collected at the time of sale but is not paid to the state sales tax agency until the following month. cash sales for november year 1 were $55,000, plus sales tax of 8 percent. tiffany jewelers company paid the november sales tax to the state agency on december 10, year 1. cash sales for december year 1 were $110,000, plus sales tax of 8 percent. required: use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. more specifically, record the amounts of the events into the model. Exercise 1 State a theme that is consistent with the topic and the purpose given. Use a complete sentence.topic: weddings; purpose: narrate Find the distance between P and Q. P(1, 2); Q(10, 14) You are the marketing director of Football Federation of India. Soccer as a sport although very interesting is not a popular audience sport in India. How would you generate consumer interest in Football? Create a marketing plan for making Football as a consumer sport using the marketing mix principles Hypothesis testing is a method of using data relevant to a claim to test the likelihood that the claim is accurate. Which of the following is an ethical use of hypothesis testing in a business situation?As an ethical business owner, you want to find out if the claims you are making about the product you market are accurate. You conduct one or more hypothesis tests to check.You did not do something to evaluate product condition 1. If 4.75x = 12.35, what is the value of x?2. What is 3x +2+ 4x - 1 after combining like terms?