With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.
Explanation:
Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.
Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.
We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.
Learn more about substitutes at:
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In developing an effective strategy for a hunter who wants to identify and track a quarry, what the hunter needs to understand and know first is the animal's CHARACTERISTICS and there are four basic characteristics. These will assist you in order to fully understand your quarry.
In regard to religion, women were more likely to be churchgoers than men.
Answer:
14:08
Explanation:Note an important fact from Hank Wisniewski’s answer, which some misguided soul downvoted: the result is not what your teacher presumably wanted. I suspect he wanted you to calculate based on the longitudes (thus the multiples of 15°), and presumably he wanted you to say 16:00.
As Hank says, the longitudes are irrelevant. The Indian time zone (IST) has an offset from UTC of 5½ hours. Japan (JST) has an offset of 9 hours. Neither observe DST. So any part of Japan is always 3½ hours ahead of India, and the correct answer is 15:30.
India can also be at 97° E, and Japan can also be at 129° E. That makes no difference to the time in either place, but the simplistic longitude calculation would give you a time of 14:08 in this case
Answer:
Culture is: Learned through active teaching, and passive habitus. Shared meaning that it defines a group and meets common needs. Patterned meaning that there is a recourse of similar ideas.
