An increase in the price of coffee beans can be expected to increase the demand for pie.
So, in the market if the price of coffee beans increases, quantity demanded for coffee will decrease. As, the coffee in turn is a complement to pie the consumers using coffee will now shift themselves to pie, unless the price decreases for coffee. Thus, the demand for pie is expected to increase now.
Several events could lead to such a change, an increase in population , an increase in incomes, or an increase in the price likely to increase the quantity of coffee demanded at each price.
Hence, this represents the Law of Demand.
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Answer:
11.3%
Explanation:
Given that,
Growth rate of industrial production, IP = 4%
Inflation rate, IR = 3.0%
Beta = 1.1 on IP
Beta = 0.5 on IR
Rate of return = 7%
Before the changes in industrial production and inflation rate:
Rate of return = α + (Beta on IP) + (Beta on IR)
7% = α + (1.1 × 4%) + (0.5 × 3%)
7% = α + 4.4% + 1.5%
7% - 4.4% - 1.5% = α
1.1% = α
With the changes:
Rate of return:
= α + (Beta on IP) + (Beta on IR)
= 1.1% + (1.1 × 7%) + (0.5 × 5%)
= 1.1% + 7.7% + 2.5%
= 11.3%
Therefore, the revised estimate of the expected rate of return on the stock is 11.3%.
Answer: C. General agent
Explanation: A general agent is a person appointed to act on his behalf in a variety of activities such as home activities,business transactions etc this type of agent is usually contracted to do this kind of Activities especially when the person expected to carry out these sets of Activities will not be available for a given period. A general agent can be an organisation or an individual or group of persons who carry out tasks as specified by the principal.
Proration occurs because it is impossible to accurately estimate the future overhead costs and production activity; it is either the overhead is over applied or under applied. The variance will have to be adjusted for at the end of the financial year.
Answer:
Credit Card
Explanation:
Most credit card company created a multiple steps verification for each transactions from your credit card as a form of fraud protection.
For example,
Most credit card companies will send a set of codes to your mobile phone every time an online transaction was made. The transaction wouldn't be approved unless you managed to input those codes. So, if your credit card is stolen, the people who stole it wouldn't be able to make online purchase unless they steal your phone along with it.
Another example. Most credit card companies can block the card if they detected a suspicious activity. (for example, when it's used in multiple different cities compared to your usual city. )
