In case of perfectly elastic supply, an increase in the demand for the good results in an increase in the supply of the good as well.
Perfectly elastic supply means that supply can increase perfectly in response to change in demand and prices. This happens when the inputs required for the production of the good are readably available. The supply curve in this case is a horizontal line which demonstrates large changes in supply due to slight changes in the price of the good. When the demand for such goods increases, then the supply for the good also increases.
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what type of arrangement did wally propose with his suggestion that they share control of the business and split profits equally, not bothering with a written agreement?
The type of arrangement Wally proposed with his suggestion that they share control of the business and split profits equally, not bothering with a written agreement is a partnership.
An agreement that establishes, clarifies, and controls the rights and duties of two or more parties is known as a contract. A contract usually entails the transfer of products, services, cash, or a promise to transfer any of those things at a later time. In the case of a contract violation, the harmed party may pursue legal remedies including damages or revocation.
The foundation of contract law, which is the area of the law of obligations pertaining to contracts, is the idea that agreements must be upheld. Like other spheres of private law, contract law differs from one country to the next.
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the price of milk at the local grocery store is cut by 25%. in response to this price cut, the quantity of milk demanded increases by 10%. what is the absolute value of the price elasticity of demand for milk?
For the price of milk at the local grocery store is cut by 25%. in response to this price cut, the quantity of milk demanded increases by 10%. The absolute value of the price elasticity of demand for milk will be 0.4.
A white liquid meal called milk is generated by animals' mammary glands. Before they can digest solid food, it is the main source of nourishment for young animals. Milk immunity is influenced by immune components and immune-modulating elements.
Colostrum, the milk produced during the first few months of breastfeeding, includes antibodies that boost the immune system and lower the chance of contracting several illnesses. Protein and lactose are two of the numerous nutrients found in milk. Between 750 and 900 million people live in homes that are dairy farmers, while more than six billion people throughout the world drink milk and milk products.
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consider the life cycle of a typical product. match the level of profitability with the stage of the product life cycle at which that level of profitability is typically observed: stage of product life cycle level of profitability a. growth1. low or negative b. maturity2. dropping c. decline3. rapidly rising d. introduction4. peaking or beginning to decline
The level of profitability with the stage of the product life cycle at which that level of profitability is typically observed is matched below.
The stage of product life cycle level of profitability is that, Growth -> rapidly rising, Maturity -> peaking or beginning to decline, decline -> dropping, and introduction -> Low or negative.
A product life cycle is considered to be the amount of time when a product tends to go from being introduced into the market until it's taken off the shelves. However, there are four stages in a product's life cycle which are considered to be important.
Hence, the products, like people, have life cycles.
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suppose the economy is in long-run equilibrium. in a short span of time, there is a large influx of skilled immigrants, a major new discovery of oil, and a major new technological advance in electricity production. in the short run, we would expect:_________
A significant influx of highly trained immigrants, a significant new oil discovery, and a significant new technology development all occur within a short period of time.
What makes technology so important?Life without technology would be totally unthinkable due to how dependent we are all on it. Many areas of our lives include the usage of technology. You could be able to understand technology if you use a laptop, drive a car, watch TV, or use your phone. For the purpose of surviving, working, and communicating, technology is necessary.
What varieties of technology exist?Traditional technology is divided into six primary categories: communications, electrical, economic, industrial, medicinal, and transportation. However, a particular technology usually reaches into other classifications.
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you're developing a storyboard for a video ad with the goal of optimizing for view completions. what technique should you use to grab and sustain viewers' attention?
Storytelling technique should you use to grab and sustain viewers' attention. Storytelling has been shown to enhance audience retention by up to 26%, according to Ethos3.
Employee turnover, or the quantity of employees who quit their jobs within a given time frame, either freely or involuntarily, is described as an organization's ability to prevent it. The success and effectiveness of an organisation can directly be affected by staff retention. The term "retention in configuration" refers to the substrate's symmetry both before and after the reaction. As an illustration, consider a reactant with the R configuration that continues to exist after the reaction. Retention of configuration is how the SN1 mechanism accomplishes the reaction.
The top people must be retained for an organisation to succeed. Retaining employees is meant to do this. Employee retention is the term used to describe the methods that an organisation creates to reduce the likelihood that key personnel will leave the company.
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defined by miles as ""a requirement of the activities of one subunit that is affected by the activities of other subunits"" is a _________.
a. strategy
b. goal
c. system
d. independence
Defined by miles as "a requirement of the activities of one subunit that is affected by the activities of other subunits" is a goal. Thus, option (b) is correct.
What is the goal?The term goal refers to the aim or the objective in the based on the future. The company and the individual are the set to the goal are the full fill in the based on the motivation. A goal was the direct of the person or company.
According to the case, was the describe as the contingency as the based on the future perspective. The goal are the decided to the affected by the activities of other reasons are the another goal was the ready.
As a result, the objective, defined by miles as "a demand of one subunit's actions that is modified by the activities of other subunits," is a requirement. Therefore, option (b) is correct.
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upon annuitization, a customer's insurer calculated the assumed interest rate (air) of his annuity as 5 percent. the account earned 6 percent after the first year. the customer's next payout amount will:
A customer's insurer calculated the assumed interest rate (air) of his annuity as 5 percent. the account earned 6 percent after the first year. the customer's next payout amount will: increase.
The Assumed Interest Rate (AIR) is the minimum interest rate that must be earned on an investment in a policyholder's cash value account to cover the insurer's costs and expected profit margins.
The pension rate is the rate at which your pension increases each year. Premium rates are set by insurance companies. Annuity returns vary depending on the amount invested, the interest rate and the term of the contract. Best pension rate today. 4.30%
Annuities assume that if you put money into your account regularly (monthly, yearly, quarterly, etc.) and leave it there, it will accrue interest. Compound interest means that once you put money in your account and keep it there, you will earn interest.
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for a regulated natural monopoly, an average cost pricing rule sets price equal to group of answer choices average variable cost. average external cost. average fixed cost. average total cost.
An average cost pricing rule sets the price at the average total cost for a regulated natural monopoly.
A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region. Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers. A good way to regulate public utilities (especially those that are natural monopolies) is to utilize average-cost pricing, which sets a firm's price at its average total cost of production. A natural monopoly will produce at the level where marginal revenue (MR) equals marginal costs to maximize profits.
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the production function group of answer choices is a direct measure of the firm's costs. describes a relationship between inputs and output. tells a firm how much profit it will make. describes the relationship between revenue and output.
The production function describes relationship between inputs and output.
What is a production function?A production function in economics describes relationship between physical input and output quantities in terms of technology. One of the core ideas of traditional neoclassical theories is the production function, which is used to define marginal product and distinguish between allocative efficiency, the major topic of economics. One crucial function of the production function is to deal with allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors, while removing technical issues with achieving technical efficiency as an engineer or professional manager might understand it. In macroeconomics, estimates of aggregate production functions are used to build a framework for determining how much economic growth should be attributed to shifting factor allocations and how much should be attributed to developing technology.
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one of the effects of a price floor (set above equilibrium price) is group of answer choices higher-quality goods are produced. more satisfied customers. all of the above a surplus. none of the above
One of the effects of a price floor is the higher-quality goods are seen to be produced.
When a price floor is set above the equilibrium price, the quantity supplied will exceed the quantity demanded, and then excess supply or surpluses will result. Price floors can also be set below the equilibrium which is as a preventative measure.
However, there is an effect of price floor, wherein the higher-quality goods are seen to be produced. For a price floor to be effective, then it must be set above the equilibrium price.
Hence, if it's not above equilibrium, then market will not sell below equilibrium.
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14)synergy occurs when group members stimulate new solutions to problems through the process of mutual influence and encouragement within the group. true false
It is a True Statement. Synergy occurs when group members stimulate new solutions to problems through mutual influence and encouragement within the group.
The idea of synergy holds that two businesses' combined value and performance will be greater than the product of their individual parts. It is frequently referred to as a synergy merger when two businesses combine in order to increase efficiency or size. A merger's anticipated synergy can be ascribed to a number of things, including higher revenues, integrated personnel and technology, and cost savings.
A corporation can build synergy by combining markets or products and merging with another business. For instance, one firm might cross-sell another business's products to boost sales. Companies can create cross-disciplinary workgroups where teams collaborate to boost productivity and innovation in order to create synergy across several departments.
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The mallards pay their two quarterbacks $7.2 million and $1.4 million. if the team salary is $33 million a year and their budget for quarterbacks is 25% of total salaries. are they over budget?
The salaries of the two quarterbacks is over the budget assigned for quarter backs.
The salaries are over the budget to the tune of $0.35 million.
Over budget refers to spending more money than was originally anticipated. Over budget can be calculated by subtracting the salaries from the budget.
Their two quarterbacks is $7.2 million and $1.4 million
Total= $7.2 million + $1.4 million
Total= $8.6 million
Now if the team salary is $33 million and their budget is 25% of total salaries
Budget= $33 million × 25%
Budget= $8.25 million
Hence, it is overbudget as the target is $8.25 million but total is $8.6 million.
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to the nearest dollar, what is the current price of a 9%, $1,000 annual coupon bond that has eighteen years to maturity and a yield to maturity of
The current price of a 9%, $1,000 annual coupon bond that has eighteen years to maturity and a yield to maturity of 7.01% will be $1200.
The annual income an investor might anticipate while owning a specific bond is known as the coupon rate.
The calculation is done by dividing the total of the yearly coupon payments by the par value, and it is established at the time the bond is issued.
A bond's yield to maturity and coupon rate are equal at the moment of purchase.
Coupon rate = 9%
Face value of bond = $1000
Yield = 7.01%
NPER = 18 years
Based on periodic payments of fixed amounts and a fixed interest rate, the NPER function determines the number of payment periods for an investment.
So, the current price of the bond will be $1200.
The calculation of the current price of the bond using the NPER function is attached below.
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The complete question may be:
To the nearest dollar, what is the current price of a 9%, $1,000 annual coupon bond that has eighteen years to maturity and a yield to maturity of 7.01%?
luis wants a particular brand of golf ball. his local pro shop is out. instead of buying a substitute, luis goes home and orders his preferred brand online. luis is at which stage of brand loyalty?
Luis, a qualified chef, has painstakingly constructed a set of product criteria for his new line of seasoning mixes, including the brand name, usefulness, and quality rating. The product is currently being created by Luis.
A brand may be thought of as an intangible marketing tactic used to promote a company, its goods, or one of its numerous market sectors. Basically, it serves as a signal that the customer may use to describe the products. Since Luis has a well-thought-out plan and everything is in place for it, he is launching a new product line that will aid in the development of the product, its features, as well as the brand name and marketing approach that will be used.
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when determining the creditworthiness of a credit applicant, the creditor can use information about the applicant’s marital status.truefalse
The statement when determining the creditworthiness of a credit applicant, the creditor can use information about the applicant’s marital status is false.
What is creditworthiness?Creditworthiness can be defined as the way which is used to know if a borrower will be able to pay the amount he was loan or not.
When determining the creditworthiness of a borrower the lender tend to make use of what is called credit score. A high credit score can tend to implies that the borrower will pay the amount he was loan within a stipulated period of time while a low credit score means that the borrower may not pay the money within a stipulated period.
Therefore the statement is false.
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if shale oil companies in the management in action case were able to reduce the number of steps necessary to drill for oil, they would be utilizing which tqm tool, technique, or standard? multiple choice
Reduced cycle time TQM tools, techniques, or standards will be used by shale oil producers if they may lessen the processes necessary to drill for oil. Here option D is the correct answer.
Following TQM and JIT in production is cycle time management and reduction (CTM). CTM aims to cut down on the overall amount of time needed to complete all tasks related to order processing, supplier management, product design, production, and distribution.
Cycle time reduction is achieved through a number of kaizen techniques, including jidoka, better production fixtures, easier-to-assemble components redesign, better software, poka yoking procedures, and whatever else inventive staff can come up with.
Manufacturers' profit margins rise when they can produce more goods in less time. Cutting the manufacturing cycle time also means using fewer raw materials and requiring workers to work fewer hours, which lowers labor expenses.
Complete question:
If shale oil companies in the Management in Action case were able to reduce the number of steps necessary to drill for oil, they would be utilizing which TQM tool. technique, or standard? Multiple Choice
A - Six Sigma
B - Statistical process control
C - Outsourcing
D - Reduced cycle time
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the need to change the color of packaging when selling a product in a new market is generally a result of the influence of
When marketing a product in a new market, changing the color of the packaging is frequently necessary due to cultural differences.
The different ideas, attitudes, ways of speaking, expressions, and customs that are thought to be particular to people of a certain ethnicity, race, or national origin are referred to as cultural distinctions.
Be open to the possibility of multiple interpretations of seemingly basic things when you look through your cultural lens. Make your preparations by reading, doing some research, and asking around. Know the language of the nation you are trading with at a basic level.
Dispelling negative preconceptions and individual prejudices concerning various groups is made easier by cultural diversity. Furthermore, cultural diversity makes it simpler to recognize and acknowledge "ways of being" that are not necessarily identical to our own.
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two technicians are discussing balance sheets. technician a states the difference between total assets and total liabilities is known as equity. technician b states that liabilities include anything others owe to you related to the operation of the business. who is correct?
Technical analysis takes a gander at the value development of security and utilizations this information to endeavor to foresee future cost developments. Essential investigation rather checks out monetary and monetary variables that impact a business.
Technical analysis is an exchanging discipline utilized to assess ventures and recognize exchanging open doors value patterns and examples seen on diagrams. Specialized examiners accept past exchanging actions and security value changes can be significant marks of the security's future cost developments.
Venture examination is the method involved with making a decision about speculation for money, hazard, and resale esteem. It is vital to anybody thinking about speculation, paying little heed to type. Venture investigation techniques by and large assess 3 variables: risk, income, and resale esteem.
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nathan is looking to open an individual retirement account (ira). what would be an interpersonal influence that would affect his decision?
The capacity to understand oneself is usually referred to as intrapersonal intelligence.
What is Individual retirement account?
It is also the ability to accurately represent one's inner self and to use that model to live a successful life. It is also the capacity to recognize one's feelings and adjust appropriately as the circumstance requires.
It enables people to reason and behave calmly in any situation. People who exercise high self-control appear to be stable as a result.
They are able to diffuse tension and handle challenging situations like disagreement or stress without expressing their emotions.
Therefore, The capacity to understand oneself is usually referred to as intrapersonal intelligence.
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The carrying value of bonds issued at a discount or at a premium will be different from their face amount at maturity.
a. Trueb. False
The statement 'the carrying value of bonds issued at a discount or at a premium will be different from their face amount at maturity' is false.
It is due to the debt that occurs over time that is imposed on products that the carrying value of bonds at a discount and at the face value of maturity will be similar and not different. Hence, the statement above is false.
When a discount or premium occurs, the carrying value of the bond might be more profiting. However, the factor of debt also occurs in the discount and premium services due to which the carrying value for bonds of a product is the same as that of the price of the product as the time of face amount of maturity.
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braden salazar was deployed in a combat zone for all of 2021. he is married and has two children. braden's nontaxable combat pay in 2021 is $14,000. his wife worked part-time while braden was deployed and earned $7,000. what is the maximum amount of earned income the salazars can report for eitc purposes in 2021?
The income that can be reported is $7,000
The number of children who qualify for the Earned Income Tax Credit (EITC) and the Salazars' filing status determines the maximum amount of earned income they can declare for the EITC in 2021. The Salazars must meet specific criteria in addition to earning up to the maximum amount of income allowed to be eligible for the EITC. These prerequisites include having a legitimate Social Security number, being a citizen of the United States or having a kid who qualifies.
The Salazars can contribute their wife's earned income of $7,000 towards the limit allowed for earned income because Braden's nontaxable combat pay does not qualify as earned income for EITC purposes. Therefore, the Salazars can declare a maximum of $7,000 in earned income for EITC purposes in 2021.
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A certain mutual fund has net assets of $1,359,600. one share of this fund has a net asset value of $11.33. how many shares make up the fund?
a. 833
b. 120,000
c. 1,359,600
d. 15,404,268
please select the best answer from the choices provided a b c d
Option b. 120,000 is the correct answer. There are 120,000 shares making up the mutual fund with net assets of $1,359,600
A mutual fund is a financial entity that combines funds from shareholders to invest in securities including stocks, bonds, money market instruments, and other assets. Professional money managers run mutual funds, allocating the assets and attempting to generate capital gains or income for the fund's investors. The portfolio of a mutual fund is set up and kept up to date in accordance with the specified investment goals in the prospectus.
Computing the number of shares making up the fund
$1,359,600 divided by $11.33 = 120,000.
There are 120,000 shares making up the fund
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Advertising, like any part of the promotional mix, can be managed by following several steps, including which of these?
a. Executing
b. Evaluating
Advertising, like any part of the promotional mix, can be managed by following several steps, including option a, executing, and option b, evaluating.
Advertising is used to put products and services into the spotlight to attract the attention of consumers. Products are promoted using media and online platforms. Goods are promoted based on their purposes like safety, medicine, charities, or voting.
Advertising execution refers to the presentation of an advertisement. It presents the content used for the execution of the advertisement. An ad is reviewed at this stage and displayed on at media platform with advertising objectives. Evaluating the advertisement involves evaluation of the performance of the advertisement in comparison to established advertising standards. Both stages are important for managing impactful advertising.
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if you were a campaign manager trying to target the largest population of likely voters, at which of the following locations would you suggest your candidate campaign? a. at a local unemployment agency b. at the local senior citizen center c. in an american government class at a local community college d. at a high school football game e. at a nearby asian cultural festival
If you were a campaign manager trying to target the largest population of likely voters, the following locations would you suggest your candidate campaign is at the local senior center.
Election campaigns are held in order to have a free and open discussion regarding who will make a better representative and, consequently, which party will form a better government. Between the release of the final candidate list and election day in India, there is a two-week election campaign phase.
The electoral process doesn't start until a candidate declares candidature. Successful candidates must convince voters that they deserve their individual votes as well as secure the crucial support of electors in the Electoral College. The goal of a political campaign is to persuade voters.
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mann school, a nongovernmental not-for-profit organization, spent $3 million of restricted cash to acquire land and a building. how should this be reported in the statement of activities?
Mann school, a nongovernmental nonprofit organization, spent $3 million of restricted cash to buy land and a building. In the statement of activities, this should this be reported as increased in unrestricted net assets only.
Unrestricted net assets are gifts made without conditions to nonprofit organisations. In other words, the organisation may use the assets for any legal fee or regular operating costs. Net assets with a temporary restriction are typically put aside by the donor for a particular project or programme and have a time limit on their use.
Net assets that are permanently restricted are frequently sums of money that will be invested forever with the earnings going to a specific use. Unrestricted net asset donations are often preferred by organisations because they provide them the most freedom to utilise the funds anyway they see fit, including expanding their services or hiring more staff.
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the redesign and new colors added to u.s. paper money is intended to: a. make the currency more difficult to counterfeit. b. increase the portability of our money. c. increase the use of the barter system. d. improve the durability of our monetary system.
Answer:
The redesign and new colours added to U.S. paper money is intended to
(d.) make the currency more difficult to counterfeit.
Explanation:
Today, the Federal Reserve System released a freshly redesigned, vibrant $20 bill, which is now the most secure currency in American history.
Today, wallets and cash registers will begin to accept The New Color of Money "Tom Ferguson, head of the Bureau of Engraving and Printing of the U.S. Treasury (BEP). "This is a significant historical development on two counts: first, this is the most secure US cash ever in terms of counterfeit protection; and second, it is the first time in modern history that US currency has a backdrop colour other than black and green.
Therefore, (a) make the currency more difficult to counterfeit is correct option.
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online data is collected for a number of activities, but not for online purchases. group of answer choices true false
Answer:
Online data is collected for a number of activities, but not for online purchases.
Explanation:
"which governmental fund includes resources that are legally restricted so that the governmental entity must maintain the principal and can use only the earnings from the fund's resources to benefit the government's programs for all of its citizens?"
Permanent Funds (in the governmental fund category). Permanent funds are needed to be accustomed report resources that are wrongfully restricted to the extent that solely earnings (and not principal, so creating the fund a nonexpendable trust) could also be used for functions that support the reportage government's programs.
Property taxes are being thought about partially B. Property taxes are typically a share of the house's worth. Also, the house price will probably be directly associated with the financial gain of the homeowner as a result of someone who cannot afford a home at that price and isn't about to purchase it.
We're about to see this ability to pay during this case. A property tax is levied on customers of plane tickets, and also the tax goes towards landing field enhancements. Therefore someone purchases an airplane ticket and that they pay the tax thereon. The profit individuals get from getting that airplane ticket goes to be similar across the board; that is why this can constitute the profit principle.
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The amortization of the bond discount the carrying value of the bond, while the amortization of the bond premium the carrying value of the bond.
a) decreases, increases
b) increases, decreases
c) increases, increases
d) decreases, decreases
The amortization of the bond discounts a) decreases the carrying value of the bond, while the amortization of the bond premium increases the carrying value of the bond.
In the field of business, amortization can be described as the effective way of making payment of debts easier by paying them in fixed amounts over a period of time. As the bond discount is lower than the face value of a product, hence the amortization of a bond discount will decrease the carrying value of the bond.
On the other hand, the bond premium increases the face value of the product. Hence, when amortization of a bond premium occurs, then the carrying value of the product will increase by the time the debt has been cleared.
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a decrease in the price level makes consumers feel wealthier, so they purchase more. this logic helps explain why the aggregate demand curve slopes downward. true false
This statement is true. Consumers feel more wealthy when prices are lower, which encourages them to make more purchases. This reasoning explains the declining slope of the aggregate demand curve.
What Is the Demand Curve?The demand curve is a graphical representation of the relationship between the price of an item or service and the quantity demanded over a given period of time. In a typical illustration, the price is shown on the left vertical axis and the needed quantity is shown on the horizontal axis.What controls the demand curve?The quantity of consumers in the market, consumer preferences or tastes, the cost of substitutes, consumer price expectations, and personal income are a few examples of such factors. A change in any of these factors affects demand, which is indicated by a movement in the demand curve's position.This statement is true. Consumers feel more wealthy when prices are lower, which encourages them to make more purchases. This reasoning explains the declining slope of the aggregate demand curve.
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