Answer:
There is a positive linear relationship between the frequency of advertising and the sales of the advertised product.
Explanation:
A linear relationship is stablished between 2 quantitative variables that have constant proportionality. In this case, the variables are directly proportional to eachother as they move in the same direction. In addition, they are both increasing. So, we can conclude these variables have a positive linear relationship.
Answer:
b. A decrease in price of 2% causes an increase in quantity demanded of 0%.
Explanation:
By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.
Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).
So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.
Answer:
5. Word is that a new highway is being built in the next couple of years. making it easier to transport our products from the factory.
Explanation:
Based on the explanation below, the economic concept that is applied in this statement is positive externality.
<h3>Meaning of positive externality</h3>
Positive externality can be described as a situation whereby the production or consumption of a commodity benefits some unrelated third party.
When education is consumed, for example, the consumer receives a private benefit, but there are also societal benefits.
Learn more about externalities here: brainly.com/question/14259859.
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