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Aleksandr-060686 [28]
3 years ago
6

Consider two spices, cumin and paprika, to be substitutes, a decrease in the supply of paprika, should cause an increase in the

price of
Business
1 answer:
makvit [3.9K]3 years ago
3 0

Answer:

an increase in the price of both

Explanation:

A decrease in the supply of paprika would cause an increase in the price of both substitute goods. When the supply of paprika falls, the demand will be greater than what is available for sale and this would cause the sellers to raise it's price afterall it is now scarce.

Also as a substitute good, more people would begin to switch to buying cummin which would raise the demand for cummin. This increase in demand for cummin would then cause the price of cummin to go up.

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The first step to creating a PPC advertising campaign on SEs is to select keywords associated with the campaign. Select one: Tru
Archy [21]

Answer:

False

Explanation:

Given that PPC is an acronym or abbreviation for Pay Per Click, and it is a form of an advertising campaign in which search engines are paid to show or display a link such as a short URL to a firm's website together with either organic search results or in another website.

Hence, the idea that the first step to creating a PPC advertising campaign on SEs is to select keywords associated with the campaign is FALSE

7 0
3 years ago
An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $36 billion to reduce inflati
Alisiya [41]

Answer:

option c) $ 12 billion

Explanation:

Data provided :

Required reduction in consumption = $ 36 billion

MPC = 0.75

Now,

Total income  = Required reduction in consumption / MPC

or

the Increase in tax = $ 36 billion / 0.75

or

= $ 48 billion

the government can raise the tax = $ 48 billion - $ 36 billion = $ 12 billion

Hence, the answer is option C

5 0
3 years ago
A seller netted $55,000 at closing. if the seller paid costs of $1000 and an 8.5% commission, what was the sale price to the nea
Ulleksa [173]

Answer: The sale price to the nearest dollar was $61,202

We arrive at the answer as follows:

The term 'netted' refers to the seller's profits after deducting costs and commissions.

Hence we need to add back these amounts to arrive at the sale price.

                      Net Proceeds                                       $55,000

<u>Add:              Costs                                                          $1,000   </u>

                     Total                                                         $56,000  

The commission is 8.5%; however commissions are quoted as a percentage of sales price.

Expressed in other words, if the sale price was 100, commissions were 8.5. That would mean that the total above would be the equivalent of 100 - 8.5 = 91.5

From this we can arrive at the sale price as follows:

Sales Price = \frac{56000 * 100}{91.5}

Sales Price = 61,202

6 0
4 years ago
Suppose you were hired to calculate the Gross Domestic Product (GDP) by using the expenditure approach. You would count buying a
Yuliya22 [10]
<span>Suppose you were hired to calculate the Gross Domestic Product (GDP) by using the expenditure approach. You would count buying a new house as investment.
</span>Investment<span> is one of the items to consider to determine GDP by expenditure approach which includes residential construction, since residential buildings can be rented out, even if they are occupied by owners.</span>

5 0
3 years ago
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According to the "spotlight on small business" box, many investors are turning to independent advisors rather than large wall st
soldier1979 [14.2K]

The reason why many investors are turning to independent advisors instead of large wall street firms is because they are offered more flexibility in investment options.

<h3>Why are people choosing independent advisors?</h3>

Independent advisors do not have to worry about a certain corporate policy or the interest of their shareholders because they have none.

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