Business, 24.02.2020 21:02 iliketurtures
Critically evaluate: "In comparing the two equilibrium positions in the diagram below, I note that a smaller amount is actually demanded at a lower price. This refutes the law of demand." a. A decrease in demand from D1 to D2 results in- excess supply.
b. This causes the price to- fall
c. This change in price results in in quantity demanded along the D2 demand curve.- an increase
d. This change in price results in in quantity supplied.- a decrease
e. The new equilibrium has a and a when compared to the original equilibrium. -Lower price, lower quanity
f. Does this refute the law of demand: . No
g. Why: Because there was a change in demand
Answers: 3
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An emerging methodology to integrate the effort of the development team and the operations team to improve the functionality and security of applications is known as
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The mayflower, a seafood restaurant, had the following liabilities by the end of 2015: accounts payable $60,000 wages payable $100,000 unearned revenue $125,000 (60% will be earned in 2016) notes payable $140,000 ($45,000 payable in 2016) what is the amount that the mayflower should report as total current liability on its balance sheet as of december 31, 2015?
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