According to the law of supply, price and quantity move along a track in the same direction.
Keywords: Supply, law of supply, price and quantity supplied
Level; High school
Subject: Business
Topic: Demand and supply
Sub-topic: Law of supply
According to the law of supply, price, and quantity move in the same direction.
Further explanation:
Relationship between price and quantity:
Law of supply implies that with other factors constant, price, and quantity supplied of a good hold a positive relationship. With the rise in price of a good, quantity supplied of that good also rises when other factors are held fixed. Similarly, with other factors held fixed, quantity supplied of a particular good falls with fall in its price.
The rationale behind the law of supply:
The main economic concept behind this is that with an increase in price of a good, profits from producing that good rises with other factors being same. Other factors include cost of production to producers, and with no change in cost and rise in price, producers have an incentive to produce more to enhance their profits. In the same manner, producers have less incentive to produce more when price of the good falls as the profits also lowers down.
Therefore, as per the law of supply, price, and quantity move in the same direction.
Learn more:
1. Learn more about the Law of demand and supply
2. Learn more about the Demand and supply diagram
3. Learn more about the Demand and type of goods
Answer details:
Grade: Senior School
Subject: Economics
Chapter: Law of supply
Keywords: according, to, law, the law of supply, supply, demand, demand and supply, price, quantity, move, price and quantity, quantity supplied, quantity demanded, market forces, price relationship .
b. The financial service uses its best judgment as to which industry is best suited to the firm
c. An analysis of the financial statements of an enterprise may be more significant if its results are compared with industry averages and competitors
d. When using industry averages, it is often necessary to use the industry most suitable for the firm.
e. A company comparison should not be made with industry averages if the company clearly does not fit into any industry
Answer:
e. A company comparison should not be made with industry averages if the company clearly does not fit into any industry
Explanation:
Every companies has different -different ability to run any industry. Like an automobile company can not run educational industry similarly an educational company can not run automobile industry.So we can say that many companies do not fit into other industry.
The financial service always looks for getting more profit from the industry that is why it always looks for best industry which gives more profit.
If any enterprises are focusing on there competitors then definitely it will get more profit because this is very important to go with competitors.
Industry average means the annually financial output of any companies.
Therefore only statement "e " is False.
c. mortgage company
b. savings and loan association
d. all of the above
b. reading about other earthquakes
c. watching television for predictions
d. building structures on soft terrain, such as sand
The tram is a means of passenger transport that circulates on rails and on the surface in urban areas, on the streets themselves, often without separation from the rest of the traffic, without a track or a reserved area.
The tram had a considerable development between the beginning of the 20th century and the interwar period with the innovation of electric traction, the multiplication of the lines and the increase in the number of passengers, becoming the main urban transport. The transport by horse had disappeared practically of all the European and American cities around 1910, and the buses still were in phase of development, increasing their mechanical reliability, but still they did not surpass the tram in benefits, whereas the automobile was still (for little time) reserved for a limited clientele. A great benefit of this type of means of transport was Improvement in the concession of economic centers with urban centers and residential areas.
I believe the answer is: individuals could be punished including national leaders for war crimes against humanity.
The nuremberg trials was held in order to bring justice to the nazi war criminals that played huge roles in the world war II.
In this trial, many national leaders was convicted regardless of how high their influence was in their perspective countries.
Answer:
d) determine a cause-and-effect relationship.
Explanation:
The experiment is a type of scientific research that aims to obtain the causal relationship (cause and effect) between two variables.
Thus, the researcher manipulates and controls one or more independent variables and observes the variation in the dependent variables.
For example, suppose you suspect that the number of colors available increases the number of phones sold. At first, you analyze the normal selling rate with traditional colors. In a second moment you increase the amount of colors available and compare the new sales rate with the natural rate. If there is a difference, the sales level (dependent variable) was affected by the independent variable (available colors).
Experiments allow researchers to determine cause-and-effect relationships by controlling variables and manipulating the independent variable. Through experimental research, developmental psychologists can make causal statements about variables important for the developmental process. However, caution is needed when applying findings from the laboratory to natural environments.
Experiments allow researchers to determine a cause-and-effect relationship. In an experiment, researchers have significant control over extraneous variables and manipulate the independent variable to study its effect on the dependent variable. Through experimental research, developmental psychologists can make causal statements about variables important for the developmental process. However, researchers must be cautious about whether the findings from the laboratory translate to an individual's natural environment.
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