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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

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Ensure proper labeling by appropriately marking all classified material

Explanation:

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How dose judaism influence modern society
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What contributed most to the division of the Mississippi Territory into two separate states?
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<h3>What is the significance of slave states?</h3>

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1 year ago
What belief helped support the development of absolutism
alina1380 [7]

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In these systems, the king has the power to make laws, exercise legal judgments, appoint members of his cabinet, or eliminate and create branches of government.

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<em>I hope this information can help you.</em>

3 0
4 years ago
Which of these describes the purpose of the federalist papers? select all that apply.
Anestetic [448]

As per the Anti-Federalists,

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CQ

Which of these describes the purpose of the Federalist Papers? Select all that apply

to discourage factions

to support the Constitution

to provide safeguards against tyranny

to answer criticisms from the Anti-Federalists

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1 year ago
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