Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 24, 2023

What do you mean by the demand of a commodity? a) Desire for the commodity b) Need for the commodity c) Quantity demanded of that

What do you mean by the demand of a commodity?

a) Desire for the commodity

b) Need for the commodity

c) Quantity demanded of that commodity

d) Quantity that consumers are able and willing to buy at various prices during any particular period of time

Step by Step Solution

★★★★★

3.40 Rating (141 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below d ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Information Technology

Authors: Carol Brown, Daniel W. DeHayes, Jeffrey A. Hoffer, Wainright E. Martin, William C. Perkins

6th edition

131789546, 978-0131789548

More Books

Students also viewed these Economics questions

Question

★★★★★

What do you mean by the term "lean manufacturing?"

Answered: 1 week ago

Question

★★★★★

What do you mean by the term "Continuous Improvement?"

Answered: 1 week ago

Question

★★★★★

What do you mean by cost behavior? how is it classified.

Answered: 1 week ago

Question

★★★★★

Gavin wrote the equation p=(3(s+100))/(4) to represent p, the profit he makes from s sales in his lawn -mowing business. Which equation is solved for s?

Answered: 1 week ago

Question

★★★★★

One of the most important aspects of a store's image is the perceived quality of its merchandise. Other factors include merchandise pricing, assortment of products, convenience of location, and...

Answered: 1 week ago

Question

★★★★★

Researchers recorded data on the amount of sleep reported each night during a week by a random sample of 20 high school students. Here are parallel boxplots comparing the distribution of time slept...

Answered: 1 week ago

Question

★★★★★

Two boxes contain exactly the same total number of balls, and in each box some balls are white and the rest are black. Let x and y be the number of white and black balls in the first box,...

Answered: 1 week ago

Question

★★★★★

Carol has been promoted several times, and she may be named a partner next year. Thus, she will be subject to higher marginal income tax rates than in the past. Carol's colleague Isaiah has told her...

Answered: 1 week ago

Question

★★★★★

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for prepaid cell phones for August are as follows: Inventory Purchases Sales August 1 3,400 units at $35 August 10 1,700...

Answered: 1 week ago

Question

★★★★★

Vulture Sporting Goods reported the following data at March 31, 2010, with amounts adapted in thousands: Vulture Sporting Goods Company Income Statement For the Year Ended March 31, 2010 (Amounts in...

Answered: 1 week ago

Question

★★★★★

help please SHORT ANSWER 1. The formulas in this chapter are more involved than most. Try your hand (or your calculator) at evaluating cach of the following: ( P1 - P2 ) -(P1 - P2) with p, = .366. p2...

Answered: 1 week ago

Question

★★★★★

Provide a complete solution to each question. Explain your idea using proper terminology. A motorist drives along a highway at an average speed of 124 km/h. The speed limit is 100 km/h. (a) If the...

Answered: 1 week ago

Question

★★★★★

Maxwells equations show that a. Electromagnetic waves move at the speed of light b. The fabric of space is curves by masses c. Force is mass times acceleration d. Regardless of the mass, all object...

Answered: 1 week ago

Question

★★★★★

On January 1 , 2 0 1 8 , Princess Corporation leased equipment to King Company. The lease term is ten years. The first payment of $ 8 0 0 , 0 0 0 was made on January 1 , 2 0 1 8 . The equipment cost...

Answered: 1 week ago

Question

★★★★★

Lucia has a bank account at First Street Bank. She received Form 1099-INT, Interest Income, shown below. She has no other interest or dividends to report. How should this income be reported on...

Answered: 1 week ago

Question

★★★★★

Use Exhibit 1. Which of the following statements is (are) correct? Exhibit 1 Production Possibilities Trucks Cars 1,000 0 800 1,600 500 2,700 0 3,500 x The opportunity cost of the first 500 trucks is...

Answered: 1 week ago

Question

★★★★★

PLEASE HELP ME WITH THE PERCENTAGES ON THIS PARTIAL BALANCE SHEET "HORIZONTAL ANALYSIS", URGENT! Prepare a verticar anaysiS on tne partiai Dalance sheets Tor 2017 ana 2018. Enter decreases as...

Answered: 1 week ago

Question

★★★★★

You are standing on the top of a building and throw a ball vertically upward. After 2 seconds, the ball passes you on the way down, and 2 seconds after that, it hits the ground below. a. What is the...

Answered: 1 week ago

Question

★★★★★

How might the role of IS leaders and other IS employees change as more B2B e-business applications are conducted over the Internet?

Answered: 1 week ago

Question

★★★★★

What is meant by the term IT applications portfolio?

Answered: 1 week ago

Question

★★★★★

What is the budget of the IS Department?

Answered: 1 week ago

Question

★★★★★

Uses and Gratifications Theory assumes that media present content and consumers consume it. How does the Internet threaten to disrupt this model? How might UGT adapt to allow for this transformation...

Answered: 1 week ago

Question

★★★★★

Are there other uses and gratifications that people may get from media that the chapter doesnt discuss? Explain your answer.

Answered: 1 week ago

Question

★★★★★

How might Cultural Studies theorists view poverty in the United States?

Answered: 1 week ago

Previous Question Next Question