Answer:
The law of supply and demand is an economic theory that explains how supply and demand are related to each other and how that relationship affects the price of goods and services. It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.
There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services. If there is a decrease in the supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services.
The same inverse relationship holds for the demand for goods and services. However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.
Supply and demand rise and fall until an equilibrium price is reached. For example, suppose a luxury car company sets the price of its new car model at $200,000. While the initial demand may be high, due to the company hyping and creating buzz for the car, most consumers are not willing to spend $200,000 for an auto. As a result, the sales of the new model quickly fall, creating an oversupply and driving down demand for the car. In response, the company reduces the price of the car to $150,000 to balance the supply and the demand for the car to reach an equilibrium price ultimately.
The law of supply and demand is an economic theory that explains how supply and demand interact and how this influences the pricing of products and services. When supply exceeds demand for an item or service, prices fall. This is a basic economic premise. Prices tend to rise when demand exceeds supply.
When demand is constant, the supply and prices of products and services have an inverse relationship. Prices tend to decrease to a lower equilibrium price and a greater equilibrium quantity of goods and services when supply for goods and services increases while demand remains constant.
When the supply of products and services falls while demand remains constant, prices increase to a higher equilibrium price and a reduced quantity of goods and services are produced.
• The demand for products and services has the same inverse relationship. When demand rises but supply stays constant, the increased demand results in a higher equilibrium price, and vice versa.
• Supply and demand fluctuate until a price equilibrium is reached. Assume a premium vehicle manufacturer sets the price of their new model at $200,000.
• While the initial demand for the car may be great due to the company's marketing efforts, most people are unwilling to spend $200,000 on a vehicle.
• As a result, sales of the new model plummet, resulting in an oversupply and lower demand for the vehicle.
• As a result, the corporation lowers the price of the car to $150,000 in order to balance supply and demand for the vehicle and eventually establish an equilibrium price.
Learn more about demand and supply here:
https://brainly.com/question/1407435
Benjamin tells James at a company meeting that James has an unimportant job and still can't do it correctly. Benjamin is being ______. A. Communicative b. Intrepid c. Arrogant d. Humorous Please select the best answer from the choices provided A B C D
Answer:
C. Arrogant
Explanation:
May I have brainliest please? :)
Benjamin is being arrogant in nature when he told about James's job being less important and also that he doesn't do it correctly.
Option C is the correct answer.
What is arrogance?Arrogance is a characteristic of a person who feels to be the most superior one and treats their subordinates as inferior ones. It is a kind of having egoism in oneself.
In the given statement, Benjamin talks negatively about the job of his employee, James right in front of the company's meeting. He says to him that his job is not so important and also states that his incapability for the concerned job. These statements portray the arrogant nature of Benjamin.
Being the employer, he must support his employee in the company's meetings even if his employee is doing any mistakes. He can personally guide him about his weaknesses rather than disgracing him in the meeting.
Therefore, the provided statement shows his arrogant behavior of Benjamin toward his employee James.
Learn more about the arrogance in the related link:
https://brainly.com/question/8048085
#SPJ2
Both consumers and organizational buyers purchase products online but:_____.
Here's the full question;
Both consumers and organizational buyers purchase products online but a much larger percentage of the total dollars sold online are ___ transactions. internet.
Answer:
consumer (retail)
Explanation:
Consumer buyers refer to all individual or personal purchases a case whereby the decision to buy is made by just an individual. However, Organizational buyers involved a decision process carried out by several individuals in an organization.
It is fair to say that consumer buyers perform online purchases more frequently than organizations, thus, a much larger percentage of the total dollars sold online are retail transactions.
Ads sent via email must be designated as advertisements.
1. True
3. False
I think true,this is a right answer
What type of insurance would cover a cover a customer injury caused by a product design defect?
Answer:product liability
Explanation:
Apex
How can i do international transactions from nepal?
Yeung Corp. purchases supplies on account. Recording this transaction will include a:________
Answer:
A. debit to supplies.
Explanation:
These are the options for the question
A. debit to supplies.
B. debit to revenues.
C. credit to cash.
D. credit to supply expense.
From the question we were informed about how a Yeung Corp. purchases supplies on account.
In the case of Recording this transaction will include a "debit to supplies".
In the domain of finance,whenever there is purchases supply, then all the expenses on this purchase must have Debit balance.
This is because Debit to supplies is responsible for the cost of supplies involved in that particular transaction.
Answer:debit to supplies
Explanation:
The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on the graph shows the current equilibrium price and quantity. To which point will the equilibrium shift if the demand increases suddenly because of a non-price determinan
t of demand?
Answer:
yes
Explanation:
Answer:
Point "B"
Explanation:
The following rule of thumb is to follow your equilibrium point. D2 "Demand Curve 2" and S1 "Supply Curve 1" illustrates how demand increases because of a non-price determinant.
Hank earns per hour with timeandahalf for hours in excess of per week. He worked hours at his job during the first week of March 2018. Hank pays income taxes at % and % for OASDI and Medicare. All of his income is taxable under FICA. Determine Hank's net pay for the week.
Answer:
$1,021.02
Explanation:
Calculation for Hank's net pay for the week
Straight Time Pay $960
(40 × $24)
Overtime pay 360
(10 × $24× 1.5)
Less Federal Income tax (198)
[(960+360)×15%]
=1,122
OASDI and Medicare 100.98
(7.65% × $1,320)
Net Pay $1,021.02
(1.122-100.98)
Therefore Hank's net pay for the week will be $1,021.02
What is form utility?
...help
Answer:
Utilities mean useful features, or something useful to the home such as electricity, gas, water, cable and telephone. Examples of utilities are brakes, gas caps and a steering wheel in a car. Examples of utilities are electricity and water.
hope this helped you
please mark as the brainliest (ㆁωㆁ)
Answer:
Form utility refers to how well a product or service meets the customer's needs.
In your opinion, why do you think employers consider dependability such an important
character trait? Explain your answer.
Answer:
I think employers consider dependability as such an important trait becuase If you dont have a dependable employee, then you will have to hope thibgs get done or that they even show up. Another reason is that if there is something ver very important involving them, you would want to make sure you can rely and count on them.
Explanation:
Hope this helped :) plz mark brainliest.
who ever can make me laugh will 100.00 dollars in cash
Q: what do you say when you're going to drunk dial someone
A: Al-chol you
Answer:
What did one hat say to the other?
You stay here. I’ll go on ahead.
Explanation:
Television commercials are an example of which type of promotion?
1. Personal selling
2. Publicity
3. Advertising
4. Sales promotion
Answer:
The answer is Advertising.
Explanation: This is because, on TV, people get to see advertisements. So, when you see TV commercials, that is an advertisement type of promotion. Hope this helps!
What are sets in set A and not in set B and C called?
Explanation:
Set Difference: The relative complement or set difference of sets A and B, denoted A – B, is the set of all elements in A that are not in B. ... Then the set difference of A and B would be the $407 remaining in the checking account. Example: Let A = {a, b, c, d} and B = {b, d, e}. Then A – B = {a, c} and B – A = {e}.
Common Symbols Used in Set Theory
Symbols save time and space when writing. Here are the most common set symbols. In the examples C = {1, 2, 3, 4} and D = {3, 4, 5} Symbol. Meaning.
Which best states a theme of "Birdfoot's Grampa”?
Look before you leap.
Technology helps nature.
Respect one’s elders.
With age comes wisdom.
Respect one’s elders is best states a theme of "Birdfoot's Grampa”. The reader can assume that the speaker is Birdfoot and that the old man is Birdfoot's grandfather based on the title.
Who is Birdfoot's Grampa?The reader meets the old man in the opening stanza via the eyes of a first-person speaker who refers to the car they're driving as "ours."
The speaker is Birdfoot, and the elderly man is Birdfoot's grandfather, as can be deduced from the title. In his poem "Birdfoot's Grandpa," Joseph Bruchac expresses the idea that all life is vital, including small creatures like toads.
Thus, option C is correct.
For more details about Birdfoot's Grampa, click here:
https://brainly.com/question/6281603
#SPJ2
Answer:
With age comes wisdom.
Explanation:
your welcome
pls mark brainliest
Pls hurry ________structures are laid-back and undefined.
4.
A. Matrix
B. Learning
C. Informal
D. Staff
"Financial resources are the lifeblood of any office." Justify this statement.
Answer:
This phrase states that financial resources are very important in any company, it represents "the lifeblood". In order to grow, any company needs financial support. The lack of money leads to problems within the company.
They are boosting production, generating jobs, and taking advantage of local and international economic prospects.
What is a resource?A resource is any material that is obtainable to that in our surroundings that is commercially feasible, physically accessible, and environmentally desirable and that enables us to meet my wishes and needs.
Because banking is the golden key that grants all the resources necessary for someone to be engaged in producing and marketing processes, finance is regarded as the pulse of an industry. Effective financial administration is essential to a company's development.
Whatever the size of something like the organization, accounting is believed that it is the soul of a sector because it's necessary for all managers of a firm to achieve their objectives. When a company idea, financing is required from the outset.
Learn more about resource, Here:
https://brainly.com/question/28605667
#SPJ2
In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer? a government-run company a local cable company a publishing company a production company
Answer:
B
Explanation:
Damon often identifies causes of problems with telecommunication equipment. A local cable company is most likely his employer. Thus, its C.
What is telecommunication?Information can be transmitted using a variety of technologies via wire, radio, optical, or other electromagnetic systems. This is known as telecommunication.
As a result, slow systems (like postal mail) are not included in the field. It has its roots in humans' need for communication at a distance greater than what is possible with the human voice, but with a similar level of expediency.
From beacons and other identifying and communicating, to electrical cable and electromagnetic radiation, including light, the transmission media in telecommunication have progressed through several technological stages.
The advantages of multiplexing many concurrent communication sessions are made possible by the division of such transmission pathways into communication channels.
Learn more about telecommunication, here
https://brainly.com/question/29675078
#SPJ3
Your question is incomplete, probably the question is:
In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer?
A) a government-run company
B) a local cable company
C) a publishing company
D) a production company
The Kingdom of Mocha enjoys no absolute advantage in crude oil, diamonds, or wool. However, the Mochans manufacture high-quality bows and arrows. Which statement about the Mochans is true?
Answer:
The Mochans have a comparative advantage in the production of bows and arrows.
Explanation:
Comparative advantage is defined as the ability of a country to produce a product at a lower cost compared to other countries.
In such a situation it will be cheaper for other countries to buy the products than to produce it themselves.
In this scenario the Mochans manufacture high-quality bows and arrows, so they have comparative advantage in producing these goods.
However they have no absolute advantage in crude oil, diamonds, or wool. So they do not have comparative advantage in producing these products and will be better off buying them from other countries that produce them at a cheap rate
According to the video, what products were made by Biomedical Engineers?
imaging systems
prescription drugs
artificial limbs
lasers for surgery
naturopathic
Answer:
Imaging systems
artificial limbs
lasers for surgery
Explanation:
I just did the assignment
Answer:
→imaging systems←
→artificial limbs←
→lasers for surgery←
( 1, 3, and 4)
Explanation:
Doing the Assignment, but I hope this helps
The person above is correct so all credit to them↑↑
Pedro is a very talented young man who lives in a small, remote town in the mountains. He gets good grades, plays in the band, and is active in the drama club. He is close to his large family and wants a career that will allow him to maintain his current life style. What career option should Pedro consider? A. Teacher B. Musician C. Actor D. TV personality
Answer:
A. Teacher
Explanation:
If Pedro chooses to become an actor, a musician, or a TV personality, and was successful, he wouldn't be able to maintain his current life style. In order to try to be successful, he would have to move to a large city by his own. Musicians, actors and TV personalities earn money depending on their popularity, and remote towns in the mountains are not very densely populated.
In the past few years, the internet has helped some people to become influencers or has helped musicians to become famous and earn money, but most of them eventually had to do things in the real world, not only the internet in order to remain popular.
When a calendar is made public, then anybody with the calendar's URL can: A. Modify the calendar. B. Delete the calendar. C. Change the calendar. D.View the calendar. E. Edit the calendar.
Answer:
edit
Explanation:
One number that represents a group of numbers is called a/an
Answer:
Average.
Explanation:
One number that represents a group of numbers is called an average. The most commonly used average in the real world for the calculation of different parameters such as gross pay, average pay, price, quantity etc, is the simple average.
In order to calculate an average, the total number of items are added together and then divided by the number of items.
For example, find the average of the salaries of five (5) employees who earn $10, $5, $50, $20 and $15 respectively.
Given, number of employees = 5
Total sum of money earned = 10+5+50+20+15 = 100
Average = Total sum of money/number of employees
Substituting the values, we have;
Average = 100/5
Average = 20.
Hence, the average pay of the five (5) employees is $20. This $20 represents a group of salaries earned by the five employees.
(True/False) A decrease in demand means that quantity demanded is lower at each price level.
Answer:
True
Explanation:
A decrease in demand means that consumers plan to purchase less of the good at each possible price
Last year, Sams swimming pool cleaning had a gross profit of $105,355 and net income of $72,010. Calculate sams operating expenses for last year.
A.3,335
B.33,345
C.17,734
D.177,345
The operating expenses for the last year in the books of Sam's is $33,345. Option B is correct.
What is the operating expense?The costs of running business are known as operating expense, commonly referred to as selling, general, and administrative expenses (SG&A). Rent and utilities, sales and accountancy, marketing and advertising, and management and administrative wages are among them.
The cost of creating or delivering non-consumable pieces for the product or system is its counterpart, a capital expenditure.
Costs that aren't primarily connected to ongoing business activities are referred to as non-operating expenses. Interest on debt, restructuring charges, inventory write-offs, and payments to settle litigation are a few examples of non-operating expenditures.
Computation of Operating expense:
Operating expense = Gross Profit – Net Profit.
Operating expense = $105,355 – $72,010
Operating expense = $33,345.
Therefore, option B is correct.
Learn more about the operating expenses, refer to:
https://brainly.com/question/15080057
#SPJ5
It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization and:__________
a. the rapid development of the Internet's capabilities.
b. extensive use of outsourcing within the borders of the United States.
c. the declining number of inventions and patents developed by U.S. citizens.
d. the simultaneous erosion of the U.S. work ethic and the U.S. education system.
Answer:
a. the rapid development of the Internet's capabilities.
Explanation:
It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization and the rapid development of the Internet's capabilities.
Globalization can be defined as the process of developing technology, people, investments, informations, products in order to create international influences across cultures and national markets or borders. This makes it possible for various multinational enterprise or companies to break into different markets across world and compete effectively with other companies.
Also, the rapid development of the Internet's capabilities gives various companies the ability and privilege to technology and software applications to seamlessly meet the needs of customers over the web such as cloud computing services, Internet of things (IoT) etc.
Identify the career cluster being described in each example.
promotion and customer support for products and services:
generation of power and making it available to people:
performing for and sharing information with others:
teaching people and supporting learners:
Answer:
[C, D, A and D ]
1. Marketing, Sales, and Service
2. Energy
3. Arts A/V Technology, and communication
4. Education and Training
Explanation:
The career clusters being described in each of the following examples can be identified as below,
Promotion and customer support for products and services – Marketing, Sales, and Service;Generation of power and making it available to people – Energy;Performing for and sharing information with others – Arts A/V Technology, and communication;Teaching people and supporting learners – Education and TrainingWhat is the significance of career clusters?
Career clusters can be referred to or considered as a group of careers that have a sharing of common features between them. These career clusters are such choices that require similar skills and knowledge for building careers in specific fields.
Marketing, sales, and services; energy; Arts, technology, and communication; and educational and training are some common career clusters.
Therefore, the significance regarding career clusters has been aforementioned.
Learn more about career clusters here:
https://brainly.com/question/8825832
#SPJ5
name two methods used to measure inequality of income in a country
The most commonly used inequality measure are the Gini coefficient ( based on Lorenz curve ) and the percentile or share ratios. This measures try to capture overall dispersion of income; how were they tend to people different leavles of importantance on the bottom middle and top end of distribution .
I hope it is helpful for you .
Select the correct answer.
What effect does inflation have on the prices of goods and services?
OA.
Prices decrease.
OB.
Prices double.
Ос. .
Prices increase.
OD
Prices stay the same.
Answer:
Prices increase, C
Explanation:
Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.
Hope this helps
Answer:
A
Explanation:
if inflation of SUPPLIES then price will decrease.
If inflation of MONEY then yea the price would rise.
What is the biggest financial worry of most individuals and what can they do about it
Jane, the CEO of a company, is trying to resolve how a new marketing strategy should be conducted. She is taking into account the long-term future of the company, brainstorming with her team, and providing them all with key information. Which type of decision-making style is she using?
Answer:
conceptual decision making
Explanation:
In simple words, Conceptual type decision-making identifies individuals who appreciate the uncertainty with open-ended choices and are inspired to have an influence on the environment. If you're a visionary type decision-maker, you ’re supposed to have day-dreams sometimes and easily come up with fresh suggestions when necessary.
Thus, from the above we can conclude that Jane is using conceptual decision making.