there are several requirements to properly use a pay-off matrix. the events, or outcomes, of actions considered must be: mutually beneficial collectively exhaustive distinct

Advertising Elasticity of Demand (AED) is the increase in the worth of a product or service to a consumer as a result of advertising efforts. Based on the question above the correct answer is Advertising Elasticity of Demand (AED).

Advertising is a paid, mediated form of communication from an identifiable source, designed to persuade the consumer, receiver, or people who see the advertisement to take some action, now or in the future.

Advertising Elasticity of Demand (AED) is a measure of advertising expenditure's impact on new sales for a company.

Learn more about Advertising Elasticity of Demand (AED) on: https://brainly.com/question/15240070

#SPJ4

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

Learn more about the payroll register here:

https://brainly.com/question/24265652

#SPJ1

As consumers, we would be better off having the aids vaccine produced by a monopoly, even though it may mean higher prices for the vaccine.

Without the vaccine being produced at all, there would be no protection against the disease, which could lead to severe health consequences and even death.

While a monopoly may have control over the price of the vaccine, it would still provide a necessary and life-saving product. Additionally, if there were no monopoly, there could be a lack of incentives for companies to invest in the research and development of the vaccine.

Overall, having the option of a monopoly-produced vaccine is better than not having a vaccine at all.

To know more on monopoly visit:

https://brainly.com/question/31918762

#SPJ11

Give him factual evidence during a meeting so he can make a recommendation would be the best way to communicate with him.

Option D is correct.

A professional who carries out accounting tasks like account analysis, auditing, or analyzing financial statements is referred to as an accountant. Accounting firms or large corporations' internal account departments employ accountants. Additionally, they may establish their own distinct practices.

Business professionals who are accountants help with corporate strategy, give advice, and help businesses cut costs, boost their bottom line, and reduce risks. In business, professional accountants represent the interests of the company's owners—i.e., shareholders in a public company—as board directors.

Learn more about professional accountant:

brainly.com/question/28012992

#SPJ4

One of the most important strategies for reducing the problem of solid waste is recycling. Recycling refers to the process of converting waste materials into reusable materials. By recycling, we can minimize the amount of waste that ends up in landfills and conserve valuable resources.

Here's a step-by-step explanation of how recycling helps reduce solid waste:
1. Collection: Recycling programs provide designated bins or containers for different types of recyclable materials, such as paper, plastic, glass, and metal.

2. Sorting: Once collected, the recyclables are sorted into different categories based on their material type. This ensures that each material can be processed separately for recycling.

3. Processing: The sorted recyclables undergo processing, which involves cleaning, shredding, and melting, depending on the material type. This process prepares the materials for manufacturing new products.

4. Manufacturing: The processed materials are used as raw materials in the production of new products. For example, recycled paper can be used to make new paper products, and recycled plastic can be used to create new plastic items.

By implementing effective recycling programs and encouraging individuals to participate, we can significantly reduce the amount of solid waste generated. Recycling not only helps conserve natural resources, but it also saves energy, reduces greenhouse gas emissions, and protects the environment.

In summary, recycling is one of the most important strategies for reducing the problem of solid waste. By collecting, sorting, processing, and manufacturing recyclable materials, we can minimize waste, conserve resources, and protect the environment.

To know more about strategies visit:

https://brainly.com/question/31930552

#SPJ11

One of the most important strategies for reducing the problem of solid waste is recycling. Recycling involves converting waste materials into reusable materials through processes such as sorting, cleaning, and transforming.


Recycling helps to reduce the amount of waste that ends up in landfills, conserves natural resources, and reduces the need for raw materials. By recycling materials such as paper, plastic, glass, and metal, we can reduce the demand for new production, which in turn reduces energy consumption and greenhouse gas emissions. Additionally, recycling helps to create new jobs in the recycling industry.


Recycling is a crucial strategy for reducing the problem of solid waste. Solid waste, which includes materials like paper, plastic, glass, and metal, can have a significant impact on the environment if not managed properly. By recycling these materials, we can reduce the amount of waste that ends up in landfills, conserve natural resources, and reduce the need for new production. Furthermore, recycling creates economic opportunities and jobs in the recycling industry. It requires a workforce to collect, sort, process, and manufacture recycled materials. This can contribute to the local economy and provide employment opportunities.

In conclusion, recycling is one of the most important strategies for reducing the problem of solid waste. It helps to conserve resources, reduce energy consumption and greenhouse gas emissions, and create economic opportunities. By recycling, we can contribute to a more sustainable and environmentally friendly future.

To know more about such strategies, visit:

https://brainly.com/question/23945932

#SPJ11

The motivation theory states that people will perform better if they have difficult, specific, accepted performance goals or objectives is option A: Goal theory.

Creating the best environment for team problem-solving requires option A, B and C .diverse individuals, inclusiveness, and inspired leaders.

Having a diverse team with different backgrounds, experiences, and perspectives can bring new ideas and approaches to problem-solving. Inclusiveness and open communication also help create a collaborative and supportive environment where team members feel comfortable sharing their thoughts and ideas.

Inspired leaders play a crucial role in facilitating team problem-solving. They should create a culture of continuous learning and encourage team members to think creatively and take risks. They should also provide the necessary resources and support for the team to succeed.

Therefore, Individualism can be counter-productive in team problem-solving as it can lead to a lack of collaboration and hinder the team's ability to work towards a common goal.

Learn more about motivation theory  from

https://brainly.com/question/6853726
#SPJ1

Based on the theory set out by Edwin Locke, Goal theory states that people will perform better if they have difficult, specific, accepted performance goals or objectives. Also, creating the best environment for team problem-solving requires inspired leaders.

Goal-setting theory of motivation is the theory that states that goal-setting is essentially linked to task performance.

According to Edwin Locke, the Goal-setting theory of motivation states that specific and challenging goals along with appropriate feedback lead to higher and better task performance.

Also, creating the best environment for team problem-solving requires inspired leaders. This is because inspired leaders would be able to motivate the team members to achieve their goals, through goal setting and laying of examples.

Hence, in this case, it is concluded that goal setting is good to achieve expected returns, and inspired leaders can be effective in propelling the team to solve problems.

Learn more about Goal setting theory here: https://brainly.com/question/13923637

#SPJ1

a. The future value that Janet will have in 7 years can be determined using the formula for the future value of an annuity.

(1) If $360 is deposited annually and the credit union pays interest annually, the future value can be calculated as follows:
- Find the annual interest rate offered by the credit union.
- Use the future value of an annuity formula, which is FV = P * [(1 + r)^n - 1] / r, where P is the annual deposit, r is the annual interest rate, and n is the number of years.
- Plug in the values: P = $360, r = annual interest rate, n = 7.
- Calculate the future value.

(2) If $180 is deposited semiannually and the credit union pays interest semiannually, the future value calculation will be slightly different.
- Find the semiannual interest rate offered by the credit union.
- Adjust the number of years to account for semiannual deposits (n = 7 * 2 = 14).
- Use the same future value of an annuity formula, plugging in the values: P = $180, r = semiannual interest rate, n = 14.
- Calculate the future value.

(3) If $90 is deposited quarterly and the credit union pays interest quarterly, follow a similar process with the appropriate interest rate and adjusted number of years (n = 7 * 4 = 28).

b. The effect of more frequent deposits and compounding of interest on the future value of Janet's account is that it will increase the future value. This is because more frequent deposits allow for a higher principal amount, which leads to more interest earned over time. Additionally, compounding interest means that interest is earned on both the principal and the previously earned interest, further boosting the future value. Therefore, the more frequently Janet deposits and the more frequently interest is compounded, the higher her future value will be.

In each scenario, the future value is calculated using the future value of an annuity formula. By adjusting the values for different deposit frequencies and interest compounding periods, the future value can be accurately determined. The effect of more frequent deposits and compounding is that it increases the future value, providing Janet with a higher amount of money in her account after 7 years. This showcases the importance of regular contributions and taking advantage of compounding interest to maximize future savings.

Learn more about compounding interest: https://brainly.com/question/14295570?

#SPJ11

Expectations about the future can significantly impact consumer behavior, which can in turn impact the overall economy.

Future expectations can have a significant impact on consumer behaviour in a variety of ways:

Overall, future expectations can have a significant impact on consumer behaviour, which in turn can have an impact on the overall economy.

To know more about Consumer Behavior visit:

https://brainly.com/question/30714493

#SPJ4

Being able to get additional information on the underlying details of a value is an example of using the drill-down feature of the sales report dashboard.

Business intelligence has two incredibly powerful features: drill down and drill through analysis. Although they do so in various ways, they both allow the user to view data and information in greater detail. By using the drill-down feature, the user can quickly switch from a more broad view of the data to a more focused one.

For instance, a drill-down report that displays sales revenue by state may allow the user to click on a state, select it, and view sales revenue by county or city inside that state. Drill down is a feature that enables users to delve deeper into more focused layers of the data or information being analyzed, hence the name.

Learn more about drill down with the help of the given link:

brainly.com/question/13266014

#SPJ4

Answer:

Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.

Explanation:

Mark as Brainliest please!

Ill give u a cookie

Answer:

No, because in command economies, there is no competition. So, there are no other repair services that would offer higher-quality repairs or cheaper equipment. Additionally, no incentive exists for the technician to provide high-quality service.

Explanation:

the actual answer

Answer: According to "licenter.org" it states, "If your business is not properly organized, tasks can pile up, paperwork gets lost, and valuable time is spent on finding information that should be readily available. ... Getting organized can increase your productivity, ramp up your revenue, and cut down on your risks."

Answer:

she pays $ 7.14 tax ...

Explanation:

tax = tax rate × purchase cost

= 8% × $89.25

= $ 7.14

From a monetarist perspective, instability in the macro economy primarily arises from option C) discretionary changes in monetary policy.

Monetarism is an economic theory that emphasizes the role of money supply in determining economic outcomes, particularly inflation and economic stability. Monetarists argue that fluctuations in the money supply, influenced by discretionary actions of central banks, are a major source of instability in the economy.

Monetarists believe that changes in the money supply have a direct impact on aggregate demand and, consequently, on inflation and economic activity. They contend that if the money supply is increased rapidly, it leads to inflationary pressures and, conversely, if it is contracted too severely, it can result in recessions and high unemployment. Therefore, according to monetarists, maintaining a stable and predictable growth rate in the money supply is crucial for achieving macroeconomic stability.

Discretionary changes in monetary policy refer to the actions taken by central banks to adjust interest rates, open market operations, reserve requirements, or other policy tools to influence the money supply and interest rates in response to current economic conditions. Monetarists argue that such discretionary policy actions are often driven by short-term considerations and can lead to unintended consequences, including economic instability.

Monetarists advocate for a rules-based approach to monetary policy, as expressed in option D) the use of a monetary rule. They argue that a clear and predictable monetary policy framework, based on a predetermined rule such as targeting a specific growth rate in the money supply, can help anchor expectations, reduce uncertainty, and promote long-term economic stability. According to monetarists, discretionary changes in monetary policy can introduce volatility and uncertainty, as they are influenced by subjective judgments, political considerations, or short-term economic conditions.

While secular trends in the economy (option A) and the instability of velocity as a policy tool (option B) can have some impact on macroeconomic stability, monetarists place greater emphasis on the discretionary nature of monetary policy as the primary source of instability. They believe that by reducing discretionary policy actions and following a consistent and rules-based approach to monetary policy, the economy can achieve more stable and predictable outcomes.

Learn more about Monetarism at: brainly.com/question/30154222

#SPJ11

a-1. The payback period for Project A is 3.21 years, and the payback period for Project B is 2.17 years.

b-1. If we apply the payback criterion, we would choose Project B since it has a shorter payback period than Project A.

b-2. The discounted payback period for Project A is 3.21 years, and the discounted payback period for Project B is 2.17 years.

c-1. The NPV for Project A is $41,344.20, and the NPV for Project B is $10,383.88.

c-2. If we apply the NPV criterion, we would choose Project A since it has a higher NPV than Project B.

d-1. The IRR for Project A is 17.25%, and the IRR for Project B is 26.42%.

d-2. If we apply the IRR criterion, we would choose Project B since it has a higher IRR than Project A.

e-1. The profitability index for Project A is 1.116, and the profitability index for Project B is 1.223.

e-2. If we apply the profitability index criterion, we would choose Project B since it has a higher profitability index than Project A.

f. Based on the analysis of different criteria:

Payback period: Project B

Discounted payback period: Project B

NPV: Project A

IRR: Project B

Profitability index: Project B

c-1. The Net Present Value (NPV) is the present value of all cash inflows minus the initial investment.

For Project A:

NPV = -$357,000 + $38,000 / (1 + 0.14) + $58,000 / (1 + 0.14)² + $58,000 / (1 + 0.14)³ + $433,000 / (1 + 0.14)⁴

NPV = -$357,000 + $33,333.33 + $43,842.30 + $40,350.88 + $280,534.57

NPV = $41,344.08

For Project B:

NPV = -$46,500 + $23,300 / (1 + 0.14) + $21,300 / (1 + 0.14)² + $18,800 / (1 + 0.14)³ + $13,900 / (1 + 0.14)⁴

NPV = -$46,500 + $20,438.60 + $15,748.51 + $11,899.56 + $7,515.44

NPV = $10,102.11

c-2. When applying the NPV criterion, we select the project with the higher NPV. In this case, Project A has an NPV of $41,344.08, while Project B has an NPV of $10,102.11. Therefore, we would choose Project A as it has the higher NPV.

d-1. The Internal Rate of Return (IRR) is the discount rate that makes the NPV of a project equal to zero. We calculate the IRR by finding the discount rate at which the present value of the cash inflows equals the initial investment.

For Project A, using the cash flows and the initial investment:

IRR = 17.25%

For Project B:

IRR = 26.42%

d-2. When applying the IRR criterion, we choose the project with the higher IRR. In this case, Project B has an IRR of 26.42%, while Project A has an IRR of 17.25%. Therefore, we would choose Project B as it has the higher IRR.

e-1. The Profitability Index (PI) is the ratio of the present value of cash inflows to the initial investment.

For Project A:

PI = ($38,000 / (1 + 0.14) + $58,000 / (1 + 0.14)² + $58,000 / (1 + 0.14)³ + $433,000 / (1 + 0.14)⁴) / $357,000

PI = 1.116

For Project B:

PI = ($23,300 / (1 + 0.14) + $21,300 / (1 + 0.14)² + $18,800 / (1 + 0.14)³ + $13,900 / (1 + 0.14)⁴) / $46,500

PI = 1.223

e-2. When applying the profitability index criterion, we choose the project with the higher profitability index. In this case, Project B has a profitability index of 1.223, while Project A has a profitability index of 1.116. Therefore, we would choose Project B as it has the higher profitability index.

f. Based on the analysis of different criteria:

Payback period: Project B

Discounted payback period: Project B

NPV: Project A

IRR: Project B

Profitability index: Project B

Considering all the criteria, we would choose Project B as it is the most favorable option based on the majority of the evaluation methods.

To learn more about Discounted payback period, here

https://brainly.com/question/27835298

#SPJ4

This question involves comparing two different investment projects using various financial metrics such as payback period, discounted payback period, NPV, IRR, and profitability index. Based on these calculations, a decision is made regarding which project to choose.

This question pertains to capital budgeting techniques and the comparison of two mutually exclusive projects, A and B. The different financial metrics involved include payback period, discounted payback period, NPV (Net Present Value), IRR (Internal Rate of Return) and profitability index. To calculate these values, we incorporate the given initial investment and future cash flows of each project, along with a required return on investment of 14 percent. The calculations would unfold as follows:

Payback period is the time it takes the cash inflows of a project to repay its initial investment. For Project A, you recoup the initial investment in the fourth year while for Project B, the payback is towards the end of the third year. According to the payback criterion, we would choose Project B because it pays back the initial investment sooner.

The discounted payback period is a variation of the payback period which takes the time value of money into account. The calculation would follow the same steps as the regular payback period but this time using discounted cash flows.  Apply the similar method as above to get the discounted payback period. Choose the project that gives the shortest discounted payback period.

Net Present Value (NPV) represents the difference between the present value of cash inflows and the present value of cash outflows. The project with the higher NPV is the better investment under this criterion. Calculate the NPV for both projects and choose accordingly.

The IRR (Internal Rate of Return) is the discount rate that makes the NPV of all cash flows equal to zero. Calculate the IRR for both projects and compare them. The project with the higher IRR would be more attractive.

The Profitability Index is a ratio of the present value of future cash flows to the initial investment cost. The project with the higher profitability index would be a better investment given this criterion. Calculate the profitability index for both projects and choose accordingly.

After calculating these metrics for each project, make a decision based on preferred criteria or a combination of these metrics.

https://brainly.com/question/32779688

#SPJ6

Answer: Human relations C

Explanation:

The ability to understand and value a wide variety of people, including persons of both sexes and different ages, races, income groups, and nationalities, is an example of a Human Relations skill. Thus option C is correct.

Human relations abilities are the ability to relate to others in a positive way so that you can productively participate and accomplish shared objectives. It supports establishing and preserving healthy and balanced interactions at work.

The development and maintenance of great workplace culture, employee retention, and productivity stimulation all depend on good human relations.

The success of a firm is influenced by how well its employees get along with one another, and human relations skills are useful in managing and directing these interactions.

These skills have the capacity to appreciate and comprehend a diverse range of people, including those of both sexes and from a variety of age groups, races, socioeconomic classes, and cultures.

Therefore, option C is appropriate.

Learn more about Human Relations skills, here:

https://brainly.com/question/1657284

#SPJ5

Threatening employees with the loss of their jobs if they vote to unionize.

What cannot employers do while a union is being formed?

Supervisors and managers are not allowed to coercively interrogate you about your union involvement or the union activity of your coworkers, spy on you (or give the impression that they are doing so), threaten you, or bribe you. These actions are not grounds for dismissal, reprimand, demotion, or other type of punishment.

The Taft-Hartley Act expressly forbids which of the following?

The Taft-Hartley Act outlawed jurisdictional, wildcat, solidarity, and political strikes, as well as secondary boycotts, secondary and mass picketing, closed workplaces, and financial contributions by unions to federal political campaigns.

To know more about Federal labor laws visit

https://brainly.com/question/24349556

#SPJ4

Yes, she can make the purchase and have money left over.

Based on the given words, the synonyms that start with Q are:

A synonym for someone who is proficient at something is qualified to show that they can do that thing. A peaceful place is a quiet place and being prompt means being quick.

A prey can also be described as a quarry and something that is peculiar can be said to be queer. A predicament is also called a quandary.

Find out more on synonyms at https://brainly.com/question/76433

#SPJ1

The total amount of sales plus sales tax is $112,000. Since sales are subject to a 12% sales tax, we can calculate the sales tax amount by multiplying the total amount by 12%: $112,000 x 12% = $13,440.

To compute the sales net of tax, we subtract the sales tax amount from the total amount: $112,000 - $13,440 = $98,560. Therefore, the sales net of tax for Wabel Company is $98,560.

To record the sale in Wabel Company's books for the month of October, we would make the following journal entry:

Date: October [date]

Account Debit Credit

Cash [amount of sales net of tax]

Sales Revenue [total amount of sales]

Sales Tax Payable [sales tax amount]

The debit to Cash represents the amount of sales net of tax received in cash, the credit to Sales Revenue records the total amount of sales including tax, and the credit to Sales Tax Payable represents the sales tax amount that will be remitted to the tax authorities.

To learn more about sales, click here:

brainly.com/question/29436143

#SPJ11

Answer: low risk

Explanation:

Low risk loans are the loans that are collected by economic agents such as individuals, firms and the government which has a low risk or low interest rate.

Since the home Calvin is buying has a price of $300,000 and Calvin has a down payment of $75,000. It so considered a low risk loan.

The cost function C=\(q(V1/2 +w1/2)^2\) arises from a CES (Constant Elasticity of Substitution) production function.

The CES production function assumes that the inputs of production are substitutes or complements in production. The elasticity of substitution between the two inputs remains constant, allowing for a constant degree of substitution between the two inputs. The cost function in this case is derived by using the mathematical properties of the CES production function.

The cost function shows the minimum cost of producing a certain level of output, given the prices of the inputs. In this case, the inputs are capital (V) and labor (w).

To learn more about cost function, visit here

https://brainly.com/question/29583181

#SPJ4

The percentage spent on Social Security and Medicare of the total is =  28.32% of the Total Spending.

The total amount of funds used by the Federal Government for social security and Medicare in the year 2020 is $1.869 Trillion.

The total Medicare and Social Security spending:

Medicare ($ 769,000,000,000) + Social Security ($ 1,100,000,000,000) =

Total ($ 1,869,000,000,000) or $1.869 Trillion

The percentage of the Medicare and Social Security spending as a percentage of the total spend:

The Total Spend = $6.6 Trillion (or $6,600,000,000,000)

The percentage spent on Social Security and Medicare of the total is:

Formula = (Value / Total) x 100%

= ($1.869 Trilion/$6.6 Trillion) x 100%

= ($ 1,869,000,000,000/$6,600,000,000,000) x 100%

= 0.28318181818 X 100%

= 28.32%

Learn more about Medicare, here;

https://brainly.com/question/14011571

#SPJ1

The value of x that satisfies the equation 4+4x=8 is x = 1.

To solve for x in the equation 4+4x=8, we need to isolate x on one side of the equation.

First, we can simplify the left side of the equation by combining the like terms:

4 + 4x = 8

4x = 8 - 4

4x = 4

Next, we can solve for x by dividing both sides of the equation by 4:

4x/4 = 4/4

x = 1

Therefore, the value of x that satisfies the equation 4+4x=8 is x = 1.

Learn more about value x here:https://brainly.com/question/30707824

#SPJ1

Explanation:

The title of this talk is “Profit’s Not Always the Point.” Yes, I think profit is an added perk for companies that make the effort to promote positive social change.

A profit is the positive amount that is left after subtracting expenses incurred from the revenues that is  generated over a particular period of time. The  main aim of a business is profit maximization and so is closely every time watched by investors and lenders.

The more the business earns profit the more that profit will be utilized in the growth and development of a business. A loss making firm gets shut down easily in the market.

The companies that promote social change, for them profit is an added perk. They make the effort to promote positive social change.

Learn more about profit here:

https://brainly.com/question/30281177

#SPJ2

Explanation:

The development of technology has lead in loss of jobs for many ppl

In different factories they have been some development this decent years and the work that used to be done by many workers is now done only by a machine or a dozen.

Answer:

it means that they have reviewed your return, and it has passed their initial inspection.

Explanation:

Option (c), Having a trade deficit means that the United States buys more from abroad than it sells abroad if its exports are $1.5 trillion and its imports are $2.2 trillion.

A country has a deficit when it imports more than it exports. A country's trade deficit often indicates that it consumes more than it generates and that it does not have enough domestic savings to meet its investment needs.

When the US trade balance is negative, it means that the country exports more goods and services than it imports (exporting). Dollars leave the country as a result of foreign companies converting them into other currencies to pay for American products.

Learn more about trade deficit: https://brainly.com/question/25313034

#SPJ4

The complete question is:

If the U.S. has exports of $1.5 trillion and imports of $2.2 trillion, then the U.S

Points

(a). buys more from overseas then it sells overseas; it has a trade surplus.

(b). sells more overseas then it buys from overseas, it has a trade deficit.

(c). buys more from overseas then it sells overseas; it has a trade deficit

(d). sells more overseas then it buys from overseas; it has a trade surplus

Cornelius Vanderbilt was a prominent American businessman and entrepreneur in the 19th century who was involved in various industries, including shipping and railroads.

While he was undoubtedly a very wealthy and powerful individual, it is difficult to determine exactly how much of the market he controlled.

Vanderbilt was known for his aggressive business tactics, and he certainly dominated certain markets, such as the steamship industry in the mid-1800s. However, it is unlikely that he had complete control over any particular market. There were often other wealthy and powerful individuals and companies competing with him.

It's worth noting that the concept of "market share" as we understand it today was not really relevant in Vanderbilt's time. The business landscape was much more fragmented and decentralized, and there were fewer large, dominant corporations. Vanderbilt's wealth and power were derived more from his personal fortune and his ability to outmaneuver his rivals than from any sort of market dominance.

To learn more about Cornelius Vanderbilt here:

https://brainly.com/question/30562132

#SPJ4

The law of demand relates primarily to the actions of consumers in response to changes in prices. Thus option (C) is correct.

A demand of a product or a commodity is how much a consumer is willing and able to pay for a product at a given time.

The law of demand states the relationship between price and quantity demanded, ceterus paribus. It states that when the price of a product increases its demand decreases, other things remaining constant and vice versa.

The graphical representation of the law of demand is known as demand curve . When the tuition fees of a college falls then the demand for college enrollment will rise.

The law of demand relates primarily to the actions of consumers in response to changes in prices. Therefore, option (C) is correct.

Learn more about demand here:

https://brainly.com/question/28098072

#SPJ6