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makkiz [27]
2 years ago
8

as the price of good a rises as a result of a decrease in the supply of good a, the demand for good b rises. therefore, goods a

and b are
Business
1 answer:
FromTheMoon [43]2 years ago
3 0

Goods a and b are substitute goods.

<h3>What are Substitute goods?</h3>

Substitute goods are goods with similar characteristics that enables consumers or producers use them in place of one other in either the production or consumption process. An example of substitute goods are black pens and blue pens.

if the price of one of the goods in the substitute pair increases, the demand for the substitute increases and if the price of one of the substitute good reduces, the demand for the substitute increases. Thus, there is a positive relationship between the price of one of the substitute pairs and the demand for the other substitute pair, all things being equal.

To learn more about substitute goods, please check: brainly.com/question/26551927

#SPJ1

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Now, suppose that, rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to unce
Reika [66]

Answer:

To fall to 4/ to buy $100.00, $50.00

Explanation:

Explanation:

Some Unpredictable economic problems causes banks to hold some excess reserves, thereby increasing the percentage of minimum deposits held as reserves from 10% to 25% and the reserve ratio will increase from 1/10 to 1/4. The multiplier drops from 10 to 4 , the fraction of the new reserve ratio will be (1/4).

An additional reserves holding by the bank, the Federal government have no option than to buy more bonds in order to increase the money supply by a given amount. An open - market buys bonds worth $50(instead of $20) is now needed to increase the money supply by $200. When the Federal government buys $50 in government bonds, checkable deposits and bank reserve will rise to $50.

6 0
4 years ago
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A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual val
Iteru [2.4K]

Answer:

Year 2= $4,687.5

Explanation:

Giving the following information:

Purchase price= $34,000

Useful life= 8 years

Salvage value= $9,000

<u>To calculate the depreciation expense under the double-declining-balance, we need to use the following formula:</u>

<u></u>

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= [(34,000 - 9,000)/8]*2= $6,250

Year 2= [(25,000 - 6,250)/8]*2= $4,687.5

3 0
3 years ago
If tax rates are 10% on income up to $10,000, 20% for income between $10,001 and $20,000, and 30% for income over $20,000, the a
vovikov84 [41]
B 18 percent that is the correct answer
6 0
4 years ago
With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organi
steposvetlana [31]

With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organization's strategy. is a "false" statement.

<h3>What is balanced scorecard?</h3>

The term "balanced scorecard" refers to the idea of using both conventional financial measures and strategic metrics to obtain a more "balanced" picture of success.

The balanced scorecard idea has developed beyond the straightforward application of viewpoints to become a comprehensive framework for managing strategy.

A system for strategic management and planning is the balanced scorecard (BSC). Businesses employ BSCs to:

  • Tell others what they want to achieve.
  • Align the job that everyone does on a daily basis with the plan
  • Make projects, commodities, and services a priority.
  • Track and evaluate your progress toward your strategic goals.

The ability to "connect the dots" between the various elements of strategic planning and management is one of the main advantages of using a disciplined framework.

To know  more about the balanced scorecard, here

brainly.com/question/19259487

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8 0
2 years ago
If a market is in equilibrium is it necessarily true that all potential buyers and sellers are satisfied with the market​ price?
pav-90 [236]

Answer:

The correct answer is "no"

Explanation:

A market equilibrium occurs in those markets where consumer demand is equal to the amount offered by companies. But they don't necessarily have to be satisfied with the market price.

For example, if a product of basic need is in high demand, the price can be raised a lot which may not result in a fair price for the customer.

On the contrary, a low price on products puts potential competitors out of the market since many times due to production costs they cannot match these prices.

5 0
3 years ago
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