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lesya692 [45]
1 year ago
8

which can cause a shift in the demand curve? a change in the price of a good the cost of production the technology used by firms

one of the determinants of demand which of the choices illustrates the law of demand? pat wants to buy more candy bars at $2 than at $1. none of the choices. wants to buy more candy bars at $1 than at $2. offers more candy bars for sale at $2 than at $1.
Business
1 answer:
Eddi Din [679]1 year ago
6 0

The Factors Causing the Demand Curve Shift is critical in shifting the demand curve in Microeconomics. Price changes in related goods such as substitutes and complements cause changes in the demand curve.

What factors are causing the shift in the demand curve in microeconomics?

In microeconomics, the following factors are responsible for the shift in the demand curve:

  • The cost of related goods
  • Consumer Earnings
  • Consumer Preferences and Fashion
  • Technological Advancement
  • Changes in Population Size and Composition
  • Income Distribution Modification
  • Fiscal Policy
  • Real Income Variation
  • Expectations

Learn more about microeconomics here:

brainly.com/question/8102286

#SPJ4

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3 years ago
You can buy an item for $125 on a charge with the promise to pay $125 in 60 days. Suppose you can buy an identical item for $115
Margarita [4]

Answer:

Effective annual interest rate=0.52%

Explanation:

Step 1: Express the formula for calculating interest

The formula for calculating interest can be expressed as;

I=PRT

where;

P=principal amount borrowed

R=annual interest rate as a percentage

T=number of years

Step 2: Determine the value of the variables P, R and T

In our case;

I=$10

P=(125-10)=$115

R=unknown=r

T=2 months=2/12=1/6 years

replacing in the expression;

10=115×r×(2/12)

10=(230/12)r

r=10×12/230=0.5217

0.5217 rounded off to the nearest 2 decimal places is:

r=0.52%

Effective annual interest rate=0.52%

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3 years ago
Discuss the unique marketing characteristics a product or service required based on the specific phase of the product life cycle
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Answer: The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Explanation:

The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Introduction; This is viewed as an entry level into the market. Where the goods begin to gain a little recognition

Growth; this is described as a movement from introduction to a fast or slow consistent rapid growth of the product in the market.

Maturity; is described as the growth from the growth category, where the product gain some market stability and is now known by the public.

Decline; is the stage of slow and loss of recognition in the market space which could be caused by lack of creativity or consistency drop

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I believe it's Command Economy

Explanation:

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