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Vedmedyk [2.9K]
2 years ago
12

The price of tents, a complement to sleeping bags, increases. how will this affect the market for sleeping bags?

Business
1 answer:
Lelu [443]2 years ago
4 0

If the price of tents should increase then it would cause the demand for sleeping bags to reduce.

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

This is the term that is used to refer to the goods that are bought and used alongside another good. What this means is that both goods are used together.

Hence when the price of one complement good rises, it would cause the demand of that good to reduce and also reduce the market for that good.

Read more on complement goods here: brainly.com/question/1338465

#SPJ1

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Risk aversion is the behavior in someone when they are exposed to uncertainty and are unsure of something due to being uncertain about it.  

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In the​ past, Peter​ Kelle's tire dealership in Baton Rouge sold an average of 1 comma 000 radials each year. In the past 2​ yea
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Answer:

Explanation:

For computing the demand for each sale, first we have to compute the average sale for each season which is show below:

Average sale in fall = (240 + 260) ÷ 2 = 250

Average sale in winter = (340 + 300)  ÷ 2 = 320

Average sale in spring = (140 + 160)  ÷ 2 = 150

Average sale in summer = (320 + 240) ÷ 2 = 280

Demand for next fall = (250  ÷ 1,000) × 1,200 = 300

Demand for next winter = (320  ÷ 1,000) × 1,200 = 384

Demand for next spring = (150  ÷ 1,000) × 1,200 = 180

Demand for next summer = 1,200 - (300+384+180) = 336

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What is a significant factor in long-run economic growth that robert fogel, an economic historian, is best known for suggesting?
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Robert Fogel is best known in suggesting for improvements in workers' health from better nutrition. Robert William Fogel is an economic historian who has awards in the Nobel Memorial Prize in economic sciences and another award in Bancoff prize. Fogel's work are the following: Railroads and American Economic Growth, Which roads to the past?, and the slavery debates.
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Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $7
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Answer:

$33,540,000

Explanation:

initial investment:

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The purchase cost of the land is considered a sunk costs, since it is not relevant now. What is relevant is the price at which the land could be sold at the moment of starting the project.

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A. true.
It was true on my quiz I believe
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