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makkiz [27]
1 year 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]1 year 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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What is business ?please explain about it​
alexdok [17]

Answer: business can be defined as an organization dedicated to do commercial and professional activities.

Explanation:

The word business can also be defined as the activities and efforts that a person makes in order to produce money. To do this, the person creates products or sells services to obtain a reward.

Currently, many people are taking the line of entrepreneurship, where they put their own businesses and become their bosses. They themselves develop their model of how they are going to distribute and market the products or services they have so that they reach the population.

The business is something that comes from ancient times. Barter was a way of doing business since if a person was interested in something that another had, they proceeded to make an exchange.

6 0
3 years ago
Since bond market values are expressed as a percentage of their bond value, a $1,000 bond that is being sold at 93 would be trad
Sophie [7]

Answer: $930

Explanation:

From the question, we are informed that bond market values are expressed as a percentage of their bond value and are further told that a $1,000 bond that is being sold at 93.

Therefore, the bond will be trading at:

= $1000 × 93%

= $1000 × 0.93

= $930

5 0
3 years ago
How theory and thinking on innovation and creativity can contribute to applied practice ​
konstantin123 [22]

Creativity and innovation both contribute to applied practice.

Explanation:

Creativity refers to the way in which new ideas related to a particular item is brought in reality. Innovation refers to the way of implementing the new idea that was not recognized before. The items are unique in nature.

Creativity deals with new ideas as well as different possibilities that are used to solve problems as well as helps in communicating with others. Creativity also helps in entertainment purpose. These are the ways where innovation and creativity  contribute to applied practice.

5 0
3 years ago
What is the definition of the literary term “anthropomorphic”?
antiseptic1488 [7]

Answer:

An animal that has been given human attributes. The answer is the second one.

Explanation:

7 0
2 years ago
Read 2 more answers
Identify the trade-restraining practice that this example demonstrates. Tubifor, Inc. purchases all available imported lumber so
fomenos

Answer:

"Pursuit of monopoly power" is the correct solution,

Explanation:

  • Through a party, the shareholders of such a monopoly have had the authority to adjust rates, eliminate rivals, thereby dominate the competition within the specific geographical region.
  • Antitrust laws in the United States discourage monopolies and whatever other practices which unduly restrict competitor's commerce. The form of trade restriction shown by this illustration is the acquisition of monopoly control.

Therefore the answer to the above was its right one.

7 0
3 years ago
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