Business, 19.03.2020 19:11 cami06

As fewer people buy bicycles, the demand for bicycle helmets will decrease and the price of a helmet will increase. The rise in the price of a bicycle helmet will increase the supply of bicycle helmets."

This statement is because

a. false; a decrease in demand for bicycle helmets does not increase the price of a bicycle helmet and an increase in the price of a bicycle helmet does not increase the supply of bicycle helmets.
b. true; when the demand for bicycle helmets increases, the supply of bicycle helmets increases so that the price of a bicycle helmet does not increase.
c. true; the increase in the price of a bicycle helmet increases the supply of bicycle helmets to eliminate the shortage.
d. false; the decrease in the demand for bicycle helmets creates a surplus and to eliminate the surplus, supply increases.
e. true; when the demand for bicycle helmets increases, the supply of bicycle helmets increases too so that no surplus occurs.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:10

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Answers: 3

Answer

Business, 22.06.2019 19:10

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.

Answers: 2

Answer

Business, 22.06.2019 19:40

Sue now has $125. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83b. $216.67c. $228.07d. $240.08e. $252.08

Answers: 1

Answer

Business, 22.06.2019 20:00

Question 6 of 102 pointswhich situation shows a constant rate of change? oa. the number of tickets sold compared with the number of minutesbefore a football gameob. the height of a bird over timeoc. the cost of a bunch of grapes compared with its weightod. the outside temperature compared with the time of day

Answers: 1

Answer

You know the right answer?

As fewer people buy bicycles, the demand for bicycle helmets will decrease and the price of a helmet...

Questions