Answer: The correct answer is (A) : Positive upward slope.
Explanation: A demand curve is basically a graph like any other with the variables in potted on both the x-axis (left to right) and the y-axis (top to bottom). Understanding the definition of demand would make it easier to understand why the answer is option A and why the demand curve has a negative downward slope.
Demand can be defined as the quantity of a commodity or service that a consumer is willing and able to buy at a given price and at a particular point in time. And the law of demand states that “other factors being held constant, the higher the price of a commodity, the lower the quantity being demanded by the consumer. And the lower the price of a commodity, the higher the quantity being demanded by a consumer.”
This is simply a rational consumer behavior. So if the price of movie tickets were to go up let’s say from $10 to $15 then a consumer who previously could afford to watch 8 movies in a month (that’s $80) would be having second thoughts and so, rather than spend $120 per month on movie tickets, would be more inclined to watch less movies and stay within his/her $80 budget.
Therefore, on the demand curve, as the price of movie tickets moves positively towards the right side (on the x-axis), the quantity demanded would move negatively downwards (on the y-axis). As one variable increases the other one decreases, and vice versa. That explains why the demand curve has a negative downward slope.
Answer:
3.6%
Explanation:
965x = 1000
x = 1.03626
That’s an interest rate of 3.6%.
Answer:
A: $20,213
Explanation:
Required Inventory at end of June = 200 pounds
Leftover inventory from May = 80 pounds
Jars sold in June = 134 cases x 14 jars/case = 1,876 jars
The total amount required for each jar is the sum of the amount per jar plus wastage and spoilage:
The total amount of pounds needed to be bought in June is the weight required for all the 1,876 jars, plus the required Inventory at end of June minus the leftover inventory from May:
The reported amount for direct materials purchase budget (DM) for peach jam is given by:
Answer: Option B
Explanation: In simple words, exporation refers to a process under which the state or any other such authority take over any property from its owner. This could occur for any kind of social reasons.
In the given case, the ice cream parlors were the property of swenson's ice cream but the state took over it and starts operating it on their own.
Hence from the above we can conclude that the correct option is B.