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2 years ago

Suppose pizzas and burgers are substitutes. if the price of pizza increases, what happens in each market?

1 answer:

8 0

If the price of pizza increases, Move upward and to the left along the demand curve for pizzas and the demand curve for burgers shifts to the right.

<h3>What is Demand curve?</h3>

A demand curve is a graph that shows the relationship between the cost of a given good and the amount that is desired at that cost. Demand curves can be applied to the price-quantity connection for either a specific consumer or for every consumer in a given market.

The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.

Pizzas and burgers exist as substitutes. This implies that they are utilized in place of each other. If the price of pizza increases, the quantity demanded will decrease. This will be characterized by an upward movement to the left on the same demand curve.

Consumers will prefer a more affordable substitute, and as a result, the demand for burgers will increase. This will be displayed by a rightward shift in the demand curve for burgers..

Hence, if the price of pizza increases, Move upward and to the left along the demand curve for pizzas and the demand curve for burgers shifts to the right.

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Answer and Explanation:

(1) Decrease in investment = Decrease in money supply / Investment multiplier

= $60 billion / 5 = $12 billion

Real planned investment will decrease by $12 billion

The Federal Reserve decreased money supply by 60 billion and we wish to determine by how much this would affect real planned investment. We have therefore applied the investment multiplier to determine decrease in real planned investment. This is based on Keynes' theory of investment multiplier

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3 years ago

_______________________: Organization with facilities and other assets in at least one other country than its home country.

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Answer:

multinational company

Explanation:

According to my research on different types of organizations, I can say that based on the information provided within the question the type of organization being described is called a multinational company. Like mentioned in the question this is a type of organization that has some sort of control or facilities within other countries as opposed to only it's home/originating country. Coca-Cola can be an example of this.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago

Tom and his family have developed a successful business selling a liquid spray fertilizer to farmers. The fertilizer consists of

Step2247 [10]

Answer:

NuBreed's efforts are an example of the <u>threats of substitute products and services</u> in Porter's model for industry analysis.

Explanation:

Porter's five forces are:

Threat of New Entrants
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3 years ago

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Nat2105 [25]

Answer:

d.mitigating

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3 years ago

How frequently is the value of insurers variable sub accounts normally calculated

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Answer:

Everyday because the ever-increasing complexity of our securities laws has led to a great deal of confusion among investors over the differences between mutual funds and variable annuity sub-accounts.

Explanation:

That's the answer.

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2 years ago