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patriot [66]
2 years ago
11

Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and oreos are complements i

n consumption. Suppose that the price of oreos increases, how does this affect the market of tofu
Business
1 answer:
disa [49]2 years ago
8 0

Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and Oreos are complements in consumption. Suppose that the price of Oreos increases, how does this affect the market for tofu?

The correct answer is decreasing in price will increase the quantity demanded.

<h3>Why does price decrease when demand increases?</h3>

If demand does not change, there is an inverse relationship between the supply of goods and services and the price. As the supply of goods and services increases with the same demand, prices tend to fall to lower equilibrium prices and higher equilibrium quantities of goods and services.

The relationship between price and demand is negative. H. They are inversely proportional. The inverse relationship means that when the price of a product goes up, the demand for that product goes down, and vice versa. This is due to the law of reducing marginal utility.

Learn more about the price of oreos increases here

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Within her company, Nadine utilizes a management style that varies according to the individual and environmental situation, with
Semmy [17]

Answer:

contemporary

Explanation:

Contemporary management involves planning, leading, organizing and controlling operations to achieve organizational goals. Managers at each level of an organization are responsible for using resources effectively.

4 0
3 years ago
Employees at House of Pancakes pretend that they like their boss even though most of the time they do not. These employees are e
tia_tia [17]

Although they frequently don't, House of Pancakes employees pretend to like their employer. These workers are performing emotional labor known as surface acting.

When someone engages in surface acting, they don't truly strive to experience the emotions they want to portray; instead, they fake the necessary feelings. They might put on "false smiles" or other necessary emotional displays that don't accurately represent how they really feel.

You are surface acting if you feel one feeling and try to express a different one. Imagine you have a stressful commute and arrive at work. Even though you're still not in a particularly good mood, you might put on a false smile for a coworker as you get your morning brew.

Learn more about Emotional labor here

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8 0
2 years ago
A company reports the following: Income before income tax $387,520 Interest expense 69,200 Determine the times interest earned.
katen-ka-za [31]

Answer:

6.6

Explanation:

The formula and the computation of the times interest earned is shown below:

Times earned interest = (Earnings before income tax and interest expense) ÷ (Interest expense)

where,

Earnings before income tax and interest expense is

= $387,520 + $69,200

= $456720

And, the interest expense is $69,200

So, the times interest earned ratio is

= $456,720 ÷ $69,200

= 6.6

8 0
3 years ago
Drag the tiles to the correct boxes to complete the pairs. For each scenario match it to the correct factor describing the purpo
lord [1]

The purpose for holding money in economic in classified into:

  • transactional motive
  • precautionary motive
  • speculative motive

<h3>The Drop-downs includes:</h3>
  • When price levels rise, people hold onto cash. - Speculative motive

  • When interest rates are low, people forgo interest income - Speculative motive

  • When aggregate income is high, people hold cash to buy goods that are plentiful and cheap - Transactional motive.

  • When interest rates are low, people speculate that they will soon increase - Speculative motive

  • Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. - Speculative motive

  • Ben is a consumer and decides not to purchase luxury items because they are too expensive - Speculative motive

  • Chad thinks it to be a good opportunity to buy the products from the market as the supply has increased. - Transactional motive

  • Daphne is holding onto her money as she feels that the interest rate will go up soon - Speculative motive

Read more about holding motives

<em>brainly.com/question/16287958</em>

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7 0
2 years ago
A company bought a computer for$1,500. Three years later, the computer was sold for $300.
madam [21]

The accounts that will be used to record the disposal of the assets are Gain/loss on sale of asset and Sales Income

<h3>What is a disposal account?</h3>

A disposal account calculates the gain or loss account that appears in the income statement.

The disposal account records the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of.

Hence, the account that will be used to record the disposal of the assets is Gain/loss on sale of asset and Sales Income

Read more about assets disposal

<em>brainly.com/question/1357713</em>

6 0
2 years ago
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