DESCRIPTION OF THE LAW OF DEMAND

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Answer 1

Answer:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded


Related Questions

Imagine you are running a bank and you are deciding how much of your funds to deposit with the Fed. Your alternative to depositing funds with the Fed is to lend them to businesses and individuals. What are you likely to do if the Federal Reserve increases the interest rate that it pays on your deposits with them

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If the Federal Reserve increases the interest rate that it pays on your deposits with them increase reserves at the Fed and reduce loans.

If the Federal Reserve increases the interest rate that it pays on your deposits with them, this means that the amount I deposit with the Fed would earn a higher rate of interest.

The aim of businesses is to make profit. As a result, I would increase the amount I deposit with the Fed in order to earn a higher rate of interest on my deposit and I would reduce the amount of loans I make.

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what steps must countries take to transition to a mixed-market economy?

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Answer:

The steps that contries must take to transition to a mixed-market economy is by first establishing a fair labor market, discouraging all foreign investment and opening up trade to other countries.

The consumer buying decision process involves _______ stages. The first stage is ____________, and the last stage is _____________.

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Five; problem recognition; post- purchase behavior.

The decision-making process for consumer purchases has five stages. Problem recognition is the first step, and post-purchase behavior is the last.

What is a decision-making process?

The process of choosing a course of action involves identifying a decision, acquiring data, and weighing potential answers. By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions.

By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions. By using this strategy, one have a better chance of selecting the option that will satisfy one the most.

Here, effective decision-making is defined as the procedure by which options are chosen and then managed through execution to meet organisational goals.

Effective decisions are the outcome of a methodical procedure that has aspects that are precisely specified and is handled in a specific order.

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Jacob is a senior manager at Aries LLC. He has been earning significant bonuses in addition to his salary. He often misrepresents the financial information about the operations he handles, and he acquires more financial resources than he actually needs to run operations. Which of the following concepts is illustrated in this scenario?A) Glass-ceiling effectB) Self-dealingC) Agency strategyD) Takeover constraintsE) Stock options

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The name of the concept which is illustrated in this scenario about Jacob seeking deals that would benefit his own interests more than the company he is representing is known as:

B. Self dealing

According to the given question, we are asked to state the name of the concept which is illustrated in this scenario about Jacob seeking deals that would benefit his own interests more than the company he is representing.

As a result of this, we can see that Jacob is self dealing because he is acting in his own interests in order to get significant bonuses in addition to his salary.

Therefore, the correct answer is option B

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the changes in the non-cash balance sheet accounts explain the differences between the ______.

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Income statement and the statement cash flows

Imagine you are working as an insurance broker, and a company comes to you wanting to insure one of its production factories. Identify at least two distinct risks you would analyze as you decide what kind of coverage and premiums this client can expect to pay in order to be fairly and sufficiently insured.
30 POINTS IF YOU KNOW THE ANSWER ASAP!!!!!!
EXPLAIN REASONING

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The client should pay an amount based on the company and how many they had to pay in the past. Making it fair and expecting what could happen, so the client can be insured. I hope that makes sense.

The client should pay a sum determined by the business and how much they have previously been required to pay. Making it fair and anticipating potential outcomes will enable the client to obtain insurance. I think you get the picture.

What is the insurance?

Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.

Risk analysis comes in two primary flavors: qualitative and quantitative. Let's find out more about these two methods. working as an insurance broker, and a company comes to you wanting to insure one of its production factories

Therefore, By the company comes to you wanting to insure one of its production factories. qualitative risk is there

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True or false: Two common ways to assess a company's ability to internally finance expansion needs are the capital acquisition ratio and free cash flow.

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Companies are known to expand finance in different forms. Two common ways to assess a company's ability to internally finance expansion needs are the capital acquisition ratio and free cash flow is a true statement.

The cash flow is made of 3 types that companies uses should track and analyze to determine the liquidity and solvency of the business. They are

Cash flow from operating activities,Cash flow from investing activities Cash flow from financing activities.

Financing expansion by companies is done in a lot of ways. An individual can use their own money, borrow from friends and family, use internally generated funds etc. to finance their firms.

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the sequence of work for a job is also known as its

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Answer:

Routing

Explanation:

how did jimmy carter respond to the economic crises of the late 1970s?

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According to historical records, Jimmy Carter responded to the economic crises of the late 1970s by making his budgetary policies focus on curbing the issue of inflation.

Jimmy Carter responded to the economic crises of the late 1970s in many ways. Some other ways he responded include the following:

By ensuring the deficits and government spending reduces.

By gradually removing price controls;

By promoting alternative sources of energy;

By legislating a national energy policy to improve energy conservation, etc.

Hence, in this case, it is concluded that there are various means by which Jimmy Carter tried to solve the economic crises of the late 1970s.

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In which step of the selling process does a salesperson learn as much as possible about a prospective customer before making a sales call

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The step of the selling process that a salesperson learn as much as possible about a prospective customer before making a sales call is: Pre-approach.

Pre-approach selling process can be defined as the way in which a sales person learn more about a prospective customers before approaching the customers.

Pre-approach enables a salesperson to plan ahead by obtaining more facts or information about their target customers before making their presentation or before contacting their customers.

Most salesperson often make use of pre-approach as this will enable them to know more about their client as well help build their confident before approaching their client.

Pre-approach selling process can prevent a salesperson  from making mistakes when carrying out their sales presentation based on the already relevant information the salesperson has at hand.

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Computer It costs Mak Company $ 28 of variable costs and $ 12 of allocated fixed costs to produce an industrial trash can that sells for $ 60 . A buyer in Mexico offers to purchase 3,000 units at $ 36 each Mak has excess capacity and can handle the additional production . What effect will acceptance of the offer have on net income

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If its $36 per units than it would cost $108,000.

List one thing you SHOULD do if your car loan suddenly becomes too expensive.

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Answer:

Modify Your Auto Loan.

Refinance Your Vehicle Loan.

Trade-in Your Car.

Let Someone Else Assume Your Loan.

Sell Your Vehicle.

Turn the Keys In.

Let Your Car Be Repossessed.

File for Bankruptcy.

Which statement is true about the circular flow diagram of an economy?.

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The statement that the market for factors of production connects spending by firms to household income is true about the circular flow diagram of an economy.

The circular flow diagram is an economic model that entails the flows of money and goods exchanged in the closed circuit which run in the opposite direction.

Hence, the statement that the market for factors of production connects spending by firms to household income is true about the circular flow diagram of an economy.

Therefore, the Option A is correct.

Missing word includes "A The market for goods and services connects household spending to government spending.  B The market for factors of production connects household spending to goods produced by firms. C The market for factors of production connects spending by firms to household income. D The market for goods and services connects labor income to firms as employers. E The market for goods and services connects labor income to household spending."

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beneficiaries are responsible for of prescription costs

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Answer:

In general, beneficiaries are responsible for paying the following for a Medicare Prescription Drug Plan:  

Monthly premiums

Annual deductible

Copayments or coinsurance

A small copayment for the rest of the calendar year after they reach a certain out-of-pocket amount

Explanation:

Emmanuel thrives when he is assigned to projects that are mostly self-directed. He can be trusted to work on the project independently and check in with his supervisor as needed. Emmanuel also prefers to be paid incentives for quality work. Emmanuel likely has

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Based on the information given about Emmanuel, it can be deduced that he has an internal locus of control.

Locus of control simply means the degree to which individuals believe that they have control over the outcome of events.

Locus of control simply infers that the outcome of actions are the result of one's abilities. Since Emmanuel thrives when he is assigned to projects that are mostly self-directed, and can be trusted to work independently, he has an internal locus of control.

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A townhouse is purchased for $475,000. If the transfer tax is $2.00 on the first $1,000. and $0.10 for each additional $100., how much are the transfer taxes?

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Based on the information given the amount of the transfer taxes is $476.

Using this formula

Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax

Let plug in the formula

Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2

Total transfer tax = ([$474,000 x .001] + $2)

Total transfer tax=$474+$2

Total transfer tax=$476

Inconclusion the amount of the transfer taxes is $476.

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complete the table by indicating the change in each determinant necessary to increase aggregate demand.

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Aggregate demand often experience an increase and decrease due to different factors. The table showing the change in each determinant that is necessary to decrease aggregate demand.

Consumer expectations about future profitability = improveGovernment spending = IncreaseInterest rates = IncreaseThe value of the domestic currency relative to the foreign currency = Appreciate/Increase.

Aggregate demand is simply known to be the sum of the consumption expenditure, government expenditure, investment expenditure, and net exports of a country.

It is often used to know the changes in income, output, and level of employment in the economy.

A decrease in aggregate demand will make Consumer expectation about future profitability Worsen while an increase in aggregate demand will make Consumer expectation about future profitability to improve.

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Can someone please read this and tell me if it sounds good so far, thanks!

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Answer:

I think It sounds great! just make sure to check for punctuation and any run-on sentences :)

Explanation:

Please, help, I will award brainliest!
How does government spending on health impact standard of living. Please respond in the form of a TEEEL paragraph.

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For lower income people:

The more the government puts towards health care would mean there would be a higher quality of life for low income areas allowing them to get access to needed healthcare for no cost to them.

For higher income people / corporate entities:

it would mean higher taxes on the 1% and 0.1% of the richer people and raising taxes on corporations such as higher taxes on dividends.

Summary:

For a SoL on one side to change another side would have to lose.

Large stock dividends are recorded at _______ and small stock dividends are recorded at ______. Multiple choice question. market value; market value par value; par value cost; cost cost; par value par value; market value

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Firms always distribute dividend to its shareholders. Large stock dividends are recorded at par value and small stock dividends are recorded at market value

Large stock dividends are simply referred to as new shares issued that are more than 25% of the value of the total shares outstanding before dividend.

The journal entry is known to transfers the par value of the said shares from retained earnings to paid-in capital.

The stock market often see and adjust for the changing value of each share as the company have an increased number of shares.

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If you have a long position in a foreign currency, you can hedge with:_____.
a. a short position in a currency forward contract.
b. a short position in an exchange-traded futures option.
c. borrowing (not lending) in the domestic and foreign money markets.
d. a short position in foreign currency warrants.

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In forex trading When someone is holding a long position in a foreign currency, then the person can hedge with a short position in a currency forward contract.

What do we mean by long position in a foreign currency?

Long can be explained as when someone buy with the expectation that the purchase will rise in term of value in the future.

At a long on a currency, one is try to bet the base currency, that it will strengthen compared with the quote currency.

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Other things the same, if the price level falls, people a. decrease foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases. b. decrease foreign bond purchases, so the supply of dollars in market for foreign-currency exchange increases. c. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases. d. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases.

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Other things the same, if the price level falls, people D: increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases.

Holding other factors, whenever there is a fall in the price level, there would be rise in foreign bond purchase.

This usually result in increase in supply of dollars in the market and this aids foreign-currency exchange.

Therefore, option D is correct.

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Natalie books an appointment at a hair salon to get a haircut, color, and a blow dry. When it is time for her appointment, she shows up at the salon and receives these services from a stylist. This scenario illustrates that services

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The scenario where Natalie books an appointment and shows up at the salon to receives the services illustrates that services are usually distributed through direct marketing channels.

Direct marketing channel refers to the sales process which directly involves the seller and end buyer without the service of intermediary.

In a direct marketing channel, the service of intermediaries (such as retailers, agent, wholesalers) are not prioritize

The medium which are most perfect for direct marketing channel includes through internet, digital media etc

In the question, Natalie books an appointment with the stylist through her phone without the service of intermediaries.

Therefore, the scenario best illustrates that services are usually distributed through direct marketing channels.

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If the economy is experiencing an inflationary gap, the Fed should conduct ______ monetary policy to ______ aggregate demand.

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The answer is Contractionary and Decrease

Grant's income statement reveals a loss from the sale of land. In preparing the operating activities section of the statement of cash flows using the indirect format, the loss should be

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If income statement reveals a loss from the sale of land, the loss should be added to net income in the operating activities section.

When loss from the sales of land  or property is added to net income, in the statement of cash flows operating activities section, the loss amount will increase the net income.

Loss from the sales of land is a noncash assets as it does not involve cash because no money  was paid.

Based on this loss from sales of land does not means that cash was paid rather it means that the company missed the opportunity to gain the amount that was loss.

Inconclusion If income statement reveals a loss from the sale of land, the loss should be added to net income in the operating activities section.

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firms will only adopt more automated methods of production when

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Answer when the argument gets too long

Explanation:

Identify four (4) different types of credit (purposes)

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Answer:Revolving Credit. Charge Cards. Installment Credit. Non-Installment or Service Credit

Identify the parties impacted by the quality and rigor of an organization's corporate governance. What responsibilities do corporate executives have to those parties?.

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The parties affected by the quality and rigor of an organization's corporate governance are the company's stakeholders, that is, its group of employees, investors, customers and the community.

The responsibilities of corporate executives with their stakeholders is to promote development and generate value through their practices, products and services.

Corporate governance encourages the development of an ethical internal environment supported by practices that benefit the development of the company's macro environment, such as environmental protection practices and social development programs.

Therefore, a company that adopts corporate governance is capable of creating value for stakeholders, increasing the transparency of its processes and reliability, generating greater positioning and competitiveness.

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Lucas, a single U.S. citizen, works in Denmark for MNC Corp during all of 2019. His MNC salary is $87,000. Lucas may exclude from his gross income wages of: a.$105,900 b.$87,000 c.$40,000 d.$0

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Lucas can exclude from his gross income wages of $87,000.

Usually, a United State's citizen living and working abroad is taxed on his worldwide Income.

The maximum amount of exclusion of foreign earned income for Singles in 2019 is $105, 900.

Here, he is a single taxpayer who worked in Denmark for MNC Corp for the whole of 2019 and earned the salary of $87000.

He's eligible to exclude the amount of $105,900 from his gross income. and his salary is less than maximum limit allowed for exclusion, therefore, the gross income will be excluded.

In conclusion, the Option B is correct because can exclude from his gross income wages of $87,000.

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What will the overall commercial revenue generated by vr and ar.

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According to the graph, the overall commercial revenue generated by VR and AR is $ 18 Billion.

The image is a bar graph that presents the overall revenue generated by sales for VR and AR solutions/hardware in $ Billion for 5 years.

The data presented in the graph are:

The first year - $ 18 billion.The second-year - $ 38 billion.The Third-year - $ 105 billion.The fourth-year - $ 170 billion.The Fifth year - $ 215 billion.

According to this information, it can be inferred that the overall revenue generated by the commercialization of these VR and AR technological devices generated $ 18 billion in the first year, then the correct answer is C. because it mentions the appropriate amount.

Note: This question is incomplete because there is some information missing and the graph. Here is the complete information and the graph.

What will the overall commercial revenue generated by VR and AR be in the Human Resources industry be in Year 1?

A) $ 1.44 Billion

B) $ 1,224 Billion

C) $ 18 Billion

D) $ 1.08 Billion

E) $ 864 Million

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