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ivanzaharov [21]
3 years ago
4

Which phrase describes the income effect?

Business
1 answer:
timama [110]3 years ago
8 0

the answer would be d. as apart of the consumer choice theory. our income affects production


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Other things being equal, an increase in the number of sellers of a good will _____ for that good.
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Answer:

The correct answer is letter "C": decrease equilibrium price and increase equilibrium quantity .

Explanation:

An increase in the number of sellers in a market of a certain good implies the quantity demanded for that good will increase, thus the equilibrium quantity will be higher. According to the demand law, if the quantity demanded goes up, the price is likely to decrease, so, the equilibrium price will be lower.

Thus, <em>the increase in sellers will raise the equilibrium quantity decreasing the equilibrium price.</em>

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There are simply too many options that can define if a product is successful or not. This is why Adeeb's team prepared a survey that include questions that were not that specific. Why do you like or dislike the pastry? If the pastry's price is X would you buy it, if its price is Y?

The purpose of exploratory research is to better understand and gain knowledge about the problem, but it is really difficult for this type of research to provide a definite conclusion or answer.

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As mentioned the alley was dark. So it is possible that there was someone else at the crime scene and the witness is mistaken to be that man. It is quite possible to see someone in the dark and mistaken them for someone else. As the alley was dark, eye witness testimony is not reliable.

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