Select all the correct answers.
Which three statements are true as they relate to supply and demand?
As supply rises, prices generally decrease.
As demand decreases, costs generally increase.
As supply decreases, prices increase.
The average rate of change describes how much a quantity changes as price increases.
As demand rises, the price of the product decreases.
Answers: 2
Business, 22.06.2019 04:00
Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.
Answers: 2
Business, 22.06.2019 11:40
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
Answers: 3
Business, 22.06.2019 21:30
True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.
Answers: 1
Select all the correct answers.
Which three statements are true as they relate to supply and demand...
Biology, 21.02.2020 09:50
Spanish, 21.02.2020 09:50
Chemistry, 21.02.2020 09:50
Mathematics, 21.02.2020 09:50
Social Studies, 21.02.2020 09:51
Health, 21.02.2020 09:51
Geography, 21.02.2020 09:52
English, 21.02.2020 09:52
Mathematics, 21.02.2020 09:52
Mathematics, 21.02.2020 09:52
History, 21.02.2020 09:52
Chemistry, 21.02.2020 09:52
Mathematics, 21.02.2020 09:53
English, 21.02.2020 09:53
Mathematics, 21.02.2020 09:54
History, 21.02.2020 09:54