1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergiy2304 [10]
1 year ago
5

Joshua is currently consuming the optimal (utility-maximizing) quantities of tuna and ham when the price of tuna suddenly decrea

ses. how will he respond to this price change?
Social Studies
1 answer:
alexandr1967 [171]1 year ago
3 0

Joshua is currently consuming the optimal (utility-maximizing) quantities of tuna and ham when the price of tuna suddenly decreases. He will respond to this price change by increasing the consumption of tuna as his purchasing power will increase.

Whenever the price of a commodity is decreased, it increases the purchasing power of the consumer and hence the consumer will increase the demand of the goods as well. The consumer will be able to save more money as their expenses are reduced.

According to the law of demand and supply, demand and supply are related to each other and also affect the price of the commodity. The price tend to increase when the supply is lower than the demand and the price tend to increase when the supply exceeds the demand.

To learn more about purchasing power here

brainly.com/question/14892961

#SPJ4

You might be interested in
Which example highlights the impact of the Lend-Lease Act? Question 1 options: it overruled “cash and carry” enabling the US to
jolli1 [7]

The answer would be the first option which is it overruled “cash and carry” allowing the US to lend weapons and supplies to countries vigorous to the protection of the US.

It was envisioned to dismiss the weight on US forces and let other countries to protect themselves within their own nation. Hitler was in disarray, and it was not unavoidably by his own selecting, and the associates just couldn't reply at that time. The main recipient to lend lease was Russia.

8 0
3 years ago
The Seneca Falls Convention of 1848 was unique because it
Rzqust [24]

Answer:

ORGANIZED WOMEN TO FIGHT FOR THEIR RIGHTS

Women were already activists, it didn't start the first protest movement, and it wasn't open to only females

Explanation:

8 0
3 years ago
If you believe qualities such as empathy and impulse control can be taught in the schools. why or why not?
djyliett [7]
No, I don't believe <span>qualities such as empathy and impulse control should be taught in school. School should be only for teaching academic classes, but classes such as that could be offered as optional. </span>
6 0
3 years ago
-How does geography determine how any civilization will flourish in<br> agriculture,
Paladinen [302]

Answer:

If a city has rocky soil or gets very little rainfall the city won't be practical for farming they my turn toward fishing, hunting of imports from other places.

8 0
3 years ago
What three changes in Earth's movement in space might result in long term climate changes
Anarel [89]
If earth rotates the opposite of its axis gravitational pulls change and if the north and south poles change
3 0
3 years ago
Other questions:
  • How might John Dewey have recommended that students at teacher-training schools study for their future careers? A by teaching st
    13·1 answer
  • How did a person become a member of cast?
    11·1 answer
  • You are telling your friend about your fifth birthday party, when you remember
    12·2 answers
  • Where does the US government get money needed to provide essential goods and service?
    12·2 answers
  • Astronomy, chemistry, geology, and physics may be grouped together and called the what sciences.
    8·2 answers
  • Is there a Greek god or goddess of gravity?
    10·2 answers
  • Many homeowners are unaware that their garbage may contain hazardous waste, which should be taken to a designated hazardous wast
    13·1 answer
  • Why did Saul and David and Solomon ultimately have suffering and turmoil in their kingdom?
    14·1 answer
  • Every member of the House of Representatives stands for election every ______ years. A) 2 B) 3 C) 4 D) 6 E) 10
    11·1 answer
  • Which of the following groups are confronted with the problem of scarcity?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!