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joja [24]
3 years ago
14

Products whose demand rises when another product’s price increases are called

Business
2 answers:
Oliga [24]3 years ago
6 0
The correct option is SUBSTITUTE GOOD.
Substitute goods are goods which can be substituted for each other. If the price of one substitute good increase, the demand for the other substitute good will increase. For instance, for two goods A and B which are substitute, if the price of A increases, consumers will abandon A and start to buy more of B, whose price is lower, thus, the demand for good B will increase.
vekshin13 years ago
5 0

Answer:

The graph shows a demand curve.

A graph titled Demand Curve has Quantity Demanded on the x-axis, from 0 to 60 in increments of 10, and Price on the y-axis, from 0 to 20 dollars in increments of 2 dollars and 50 cents. A line with negative slope is on the graph.

What does the data shown in this graph represent?

A. a decrease in quantity demanded as prices decrease

B. an increase in price as quantity demanded decreases

C. a decrease in income as quantity demanded increases

D. an increase in quantity demanded as prices decrease

Explanation: OPTION D IS CORRECT

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Prepare the journal entries to record the following transactions on McLeena Company's books using a perpetual inventory system.(
DedPeter [7]

Answer:

Journal Entry are given below

Explanation:

solution

Journal Entry are as

PERPETUAL INVENTORY SYSTEM

                                                                         debit                  credit

(1) March 2, Merchandise inventory               $800,000                      

                   Borst Company                                                       $800,000

               ( record Inventory purchase )

(2)  March 6,

                    Borst Company                             $140,000

                    Merchandise inventory                                           $140,000

                   ( record goods return )

(3) March 12,

                 Borst Company (800000-140000)     $660,000

                Cash  (800000-140000) ×98%                                 $646,800

                 Merchandise inventory                                               $13,200

                 (800000-140000)× 2%

                 ( record goods return )

8 0
3 years ago
How walmart motivate thier employees?
dybincka [34]
They offer a Extrinsic reward, it’s a reward such as money gifts and recognition. This reward is used by Walmart to motivate their workers for extrinsic motivation Walmart to encourage their workers through health care benefit and financial benefit.
3 0
3 years ago
Neal Enterprises common stock is currently priced at $36.80 a share. The company is expected to pay $1.20 per share next month a
yanalaym [24]

Answer:

The cost of equity for Neal Enterprises is 5%

Explanation:

In order to calculate the cost of equity for Neal Enterprises we would have to make the following calculation:

cost of equity=((Do(1+g)/Po)+g

According to givn data we have the following:

Do=$1.20

Po=$36.80

g=2%

cost of equity=((1.20(1+0.02)/36.80-1.20)+0.02

cost of equity=((1.20(1+0.02)/35.60)+0.02

cost of equity=0.05

The cost of equity for Neal Enterprises is 5%

5 0
3 years ago
Suppose the economy is experiencing an output gap of –3%. a. Select each response that indicates how monetary policy or fiscal p
igor_vitrenko [27]

Answer:

Suppose the economy is experiencing an output gap of –3%

a. Monetary policy or fiscal policy can be used to raise actual output toward potential output when:

The government can increase its spending or reduce taxes, which will shift the IS curve to the right and increase GDP.

The Fed can reduce the interest rate, which will shift the MP curve down and increase GDP.

b. The policies identified in part a,

can be used together to raise actual output toward potential output.

Explanation:

Investment-Savings (IS) curve shows all the levels of interest rates and output (GDP) at which an economy's total desired investment (I) equals its total desired saving (S).  This equilibrium can be achieved at a level of interest rate that maximizes output.  The IS curve slopes downward, and to the right because at a lower interest rate, investment is higher, which produces more total output (GDP) for the economy.

7 0
3 years ago
What will NOT cause a shortage?
sweet-ann [11.9K]
<h3>Answer: D) increase in prices</h3>

An increase in prices will reduce demand, and not supply. You could have an increase in prices due to a shortage, but price increases could also be from a number of other factors, one of which is demand increasing.

Meanwhile, war, scarcity and extreme weather all are possible factors of a shortage. So we can cross choices A,B,C off the list.

5 0
3 years ago
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