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IRISSAK [1]
1 year ago
10

If an increase in the price of good e leads to a large decrease in the demand for good f, what is the relationship between the t

wo goods?.
Business
1 answer:
ololo11 [35]1 year ago
6 0

The relationship between the two goods can be described as Complementary good.

<h3>What is complementary good?</h3>

A Complementary good serves as goods or product that their value is been tied to each another.

Therefore, as a Complementary good, increase in the price of first good brings about decease in price of other.

Learn more about Complementary good at;

brainly.com/question/2097840

#SPJ1

You might be interested in
Marilyn is age 66, if she receives a $15,000 taxable HSA distribution this year, what tax penalty, if any, will apply?
Arada [10]

Answer:

No penalty

Explanation:

The tax penalty is as follows

The HSA i.e. health saving account. It is opened so that the expenses related to the medical could be paid and the high health plan i.e. deductible  (HDHP) would not covered here

In the case when rules are not followed so there is a penalty of 20%

Given that the amount taxable is $15,000

So here the penalty would be

= $15,000 × 20%

= $3,000

But since Marilyn age is 66 so there is no penalty as the penalty would be applied till the age of 65

5 0
2 years ago
Suppose that during the Great Depression long-run aggregate supply shifted left. To be consistent with what happened to the pric
slavikrds [6]

Answer:

The aggregate demand will fall

Explanation:

The aggregate supply measures the quantity of real GDP that can be supplied by in the economy at different price levels. it measures planned output if both prices and average wage rates can change, the Long run aggregate supply curve is assumed to be vertical (this means it remains constant when the general price level changes).

The leftward shift in aggregate supply means that at the same price levels the quantity supplied of real GDP has decreased. This is mostly due to natural disasters or other supply shocks like economic depression, when there is leftward shift in aggregate there would be fewer workers available to produce goods at any given price.

4 0
2 years ago
A manager invests $20,000 in equipment that would help the company reduce it's per unit costs from $15 to $12. He expects the eq
yKpoI14uk [10]

Since the cost of $20,000 has been incurred two years ago, the firm should check and see as to how many units of the product were produced in the two years. Did the firm produce enough items to break even the cost of acquisition. Additionally the business should also check the current market value of this two year old equipment. The business manager should weigh in the savings that is to be obtained from outsourcing along with the resale value of the old machine and then take a declension as to whether the company should go for outsourcing. Also, the business manager must examine whether the outsourcing can happen for the long run. This is because two years down the line, outsourcing may have increased the cost and again another process may look attractive. So a through cost benefit analysis should be made before taking a decision.

6 0
3 years ago
Sometimes the pilgrims had to pay interest as high as 45% on money they borrowed for their colony. Why did lenders charge them s
White raven [17]
First off, the lenders were simply in a position to do so. Secondly, there was an incredible amount of risk involved in loans to pilgrims. Early settlers had numerous obstacles to overcome, such as harsh winters, poor crop yields and the voyage alone to the new world was extremely risky. Dead people cannot pay debts, but those who lived on could. The high risk resulted in high interest rates.
3 0
3 years ago
You're prepared to make monthly payments of $310, beginning at the end of this month, into an account that pays 4 percent intere
umka2103 [35]

Answer:

59 Payments

Explanation:

Future value = $20,175

Monthly payment= $310

Interest rate= 4%/12 = 0.3333% per month

How many payments will you have made when your account balance reaches $20,175?

Now we use Ms Excel to calculate the number of payment

Number of payment = N(FV, -PMT, I/Y)

Number of payment = N(20,175 , -310 , 0.3333%)

Number of payment = 58.9989

Number of payment = 59.

8 0
2 years ago
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