Ask Question
BusinessBusiness
26 May, 01:31

A change in which variable will change the market demand for a product? A. technology B. population C. the prices of substitutes in production D. the price of the product:uizlet

+2
Answers (1)
  1. 26 May, 02:03
    0
    D. the price of the product:

    Explanation:

    Demand is the quantity of a product that consumers are willing and able to buy at a specific price over time. It means demand has a relation with the price. The law of demands states that the demand for goods and services is indirectly related to its price. Should the price increase, the demand will fall.

    If the price of the product moves in one direction, then the changes in demand should be experienced in the opposite direction. The prices of substitutes in production will not affect demand. They can only have some influence once in the market.

    Changes in technology by itself cannot affect demand unless it causes changes in the price. Population changes can influence the quantity ordered in the long-run, but not demand. Demand is time-bound.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A change in which variable will change the market demand for a product? A. technology B. population C. the prices of substitutes in ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Shamrock Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May.
Answers (1)
As treasury secretary, Alexander Hamilton Select one: a. wanted to eliminate the national debt. b. opposed the federal government's assumption of state debts. c. supported the creation of a national bank. d.
Answers (1)
Browning's has a debt-equity ratio of. 47. what is the equity multiplier?
Answers (1)
A manufacturer makes colored blocks for children. The blocks are modeled by the right rectangular prism as shown with congruent faces painted the same color. Which statement is false?
Answers (1)
Why are investment and savings so low in developing countries? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer (s), click the box once to place a check mark.
Answers (1)
New Questions in Business
Company X failed to record (accrue) $5,000,000 of vendor invoices and warranty liability at year-end. With this omission, the company's summary financial statements were stated as follows:Summarized Income StatementSales $50,000,000All Cost (incl.
Answers (1)
Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $8,600 (that had cost $6,355) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee.
Answers (1)
G. R. Edwin Inc. had sales of $6.02 million during the past year. The cost of goods sold amounted to $3.06 million. Operating expenses totaled $2.65 million, and interest expense was $27 comma 000.
Answers (1)
During the year, Calabash Clinic made a $50,000 cash payment toward its bank loan, which it had previously recorded; $40,000 was for principal, and $10,000 was to pay the full amount of interest due.
Answers (1)
How does gross income differ from net income?
Answers (1)
Home » Business » A change in which variable will change the market demand for a product? A. technology B. population C. the prices of substitutes in production D. the price of the product:uizlet
Sign Up Forgot Password?