When the price of a good or service changes, select one:
a. the demand curve shifts in the opposite direction.
b. the supply curve shifts in the opposite direction.
c. the supply curve shifts in the same direction.
d. there is a movement along a given supply curve?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When the price of a good or service changes, select one: a. the demand curve shifts in the opposite direction. b. the supply curve shifts ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Bridgeport Corp. reported net sales of $256,800, cost of goods sold of $122,300, operating expenses of $48,000, net income of $41,800, beginning total assets of $493,100, and ending total assets of $591,900.
Answers (1)
A company's defined benefit pension plan had a pension benefit obligation (PBO) of $265,000 on 1/1/2018. During 2018, pension benefits paid were $40,000. The discount rate for the plan for this year was 10%. Service cost for 2018 was $80,000.
Answers (1)
A local bank advertises the following deal: "Pay us $100 at the end of each year for 10 years and then we will pay you (or your beneficiaries) $100 at the end of each year forever." a.
Answers (2)
Dogs R US uses the perpetual inventory system to account for its merchandise. A customer returned merchandise.
Answers (1)
As brett prepares to open his new business, he has identified the tasks that need to be accomplished and has assigned employees to each task. this illustrates:
Answers (1)
New Questions in Business
March 1 Issues 49,000 additional shares of $1 par value common stock for $46 per share. May 10 Purchases 4,400 shares of treasury stock for $49 per share. June 1 Declares a cash dividend of $1.20 per share to all stockholders of record on June 15.
Answers (1)
Bonita Industries had the following information at December 31: Finished goods inventory, January 1 $ 70000 Finished goods inventory, December 31 150000 If the cost of goods manufactured during the year amounted to $2200000 and annual sales were
Answers (1)
Refer to table 17-14. which outcome is the nash equilibrium in this game?
Answers (1)
Which of the following will cause a movement along the supply curve? Group of answer choices An increase or decrease in the raw materials costs. A change in the market price of a good, other things held constant. An increase in labor costs.
Answers (1)
A firm has 56 units of product X on hand. Forecasts of demand are for 20 units per week. An MPS quantity of 100 units is planned to arrive in period 3. Customer orders are 24 for period 1,18 for period 2, and 15 for period 3.
Answers (1)