Assume the demand for watermelons is downward sloping. A decrease in price from $3 per pound to $2 per pound
(A) could have been caused by an increase in supply.
(B) will cause an increase in supply.
(C) will cause a smaller quantity of watermelons to be demanded.
(D) will cause demand to decrease.
(E) will cause demand to increase.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume the demand for watermelons is downward sloping. A decrease in price from $3 per pound to $2 per pound (A) could have been caused by ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following statements about pricing objectives is true? unit volume is not a type of pricing objective because it is a production strategy. target roi is a type of market share objective.
Answers (1)
For an institutional investor to qualify as a "QIB" under Rule 144A, the institution must have at least: A $1,000,000 of assets that it invests on a discretionary basis B $10,000,000 of assets that it invests on a discretionary basis C $100,000,000
Answers (1)
On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash. Jan. 12 (b) Journalize the transaction as if JumpStart placed it on account. Jan.
Answers (1)
What role does ethics play in choosing and applying a depreciation method? what role does ethics play in choosing and applying a depreciation method?
Answers (1)
Farmers rotate their crops between corn and soybean to increase crop yields. This behavior exhibits a. Economies of scale b. Diseconomies of scale c. Economies of scope d. Diseconomies of scope
Answers (1)
New Questions in Business
A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home improvement account that has earned an average of? 5.25% per year.
Answers (1)
A budget surplus a. exists when government spending is greater than tax revenues. b. causes government debt to increase. c. occurs when the government has debt equal to zero. d. reduces the government's debt.
Answers (1)
Monique was looking for a venue for her wedding reception. When she visited one potential location, she noticed that the landscaping was not complete, and there was stained carpet in the lobby.
Answers (1)
A monthly fixed rate mortgage payment--- A. could change. B. never changes. C. increases annually. D. decreases annually.
Answers (1)
On December 31, Carmack Company received a $215 utility bill for December that it will not pay until January 15. The adjusting entry needed on December 31 to accrue this expense is: 1. Debit Utilities Expense $215; credit Accounts Payable $215. 2.
Answers (1)