Answer:
The income effect and substitution effect work in opposite directions and income effect is dominant.
Explanation:
In case of a normal good, both the income effect as well as substitution effect work in the same direction. A fall in the price of a product will increase the purchasing power of the consumer so its quantity demanded will increase.
The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.
In case of an inferior good, however, income elasticity is negative. The income effect and substitution effect work in opposite directions.
A price decrease in the case of an inferior good will increase the real income and purchasing power of the consumer. This will cause the quantity demanded of the inferior good to decline as the consumer will prefer a substitute normal good.
Answer:
When materials, information, and services gain value as they move from the raw-materials supplier to the end customer, they are said to be moving through ________.
A. the supply chain
B. a value-added analysis
C. business process re-engineering
D. Total Quality Management (TQM)
E. just-in-time production
Answer: A
Explanation:
A supply chain is a system between an organization and its providers to create and appropriate a particular item to the last purchaser. This system incorporates various exercises, individuals, elements, data, and assets. The supply chain additionally speaks to the means it takes to get the item or administration from its unique state to the client. Organizations create supply chains so they can diminish their expenses and stay serious in the business scene. Supply chain the board is a pivotal procedure on the grounds that an enhanced supply chain brings about lower costs and a quicker creation cycle. A supply chain includes a progression of steps required to get an item or administration to the client. The means incorporate moving and changing crude materials into completed items, shipping those items, and conveying them to the end-client. The substances associated with the supply chain incorporate makers, merchants, stockrooms, transportation organizations, appropriation focuses, and retailers.
The main outputs of the developing the project team process are team performance assessments and enterprise environmental factors updates.
Hope this helps !
Photon
Answer:
The summary of the accident, calculate the total dollar value of the property damage Stephanie caused is explained below in detail.
Explanation:
The term 100/300/100 coverage indicates that a character has coverage of $100,000 physical damage mortgage coverage per person, $300,000 total physical damage mortgage insurance per accident, and $100,000 property loss accountability per accident.
So, in case Stephanie prompted a property and accident destruction, then $1,00000 will be sustained by the insurance corporation and above this value, it will be paid by Stephanie.
