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Natasha2012 [34]
3 years ago
10

Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the o

ther good to ____
Business
1 answer:
Volgvan3 years ago
8 0

Answer:

Fall or decrease

Explanation:

Other things being constant, if two goods are close substitutes, decrease in the price of one good will lead to fall in the demand of its substitute, The price of the good that has fallen is now available at cheaper price. So consumers will demand more of cheaper good, thereby increasing its demand and decreasing the demand of substitute good. As such, both equilibrium price and quantity of other good falls or decrease.

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qaws [65]

Answer:

C. What the program will ultimately cost the federal government

Explanation:

The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 was an attempt to make improvements or amendments to the Social Security Act.  It radically changed the playing field for private plans participating in the Medicare program by substantially raising monthly payment rates in an effort to stabilize the market and reverse the decline in benefit generosity.  It also provided for voluntary prescription drugs under the medicare program.  However, the utilization and cost of the program skyrocketed as soon as the funding source was established.  It has remained unknown what the program will ultimately cost the federal government, no wonder the current administration under Trump wants to turn it upside down.

3 0
3 years ago
If a customer purchases $500.00 in merchandise on account, and the terms are 2/10, n/30, what would the customer owe if he were
nika2105 [10]
In accounting, the invoice 2/10, n/30 means that the customers has to pay $500 within 30 days. If he can pay earlier, say within 10 days from the date of purchase, a cash discount of 2% is given. If the customer pays on the 9th day, he would only have to pay 

500(100% - 2%) = $490
3 0
4 years ago
If you work for a company and have a 401(k) retirement account, the account contains money you contributed to your retirement an
ki77a [65]
The correct answer is A. Welfare payments
3 0
2 years ago
Business Communication
atroni [7]

Answer and Explanation:

It is good to respond to These congratulatory notes or Pat's at the back because are attempts made by others to connect with you personally; people reach out to you through these efforts and professional or personal bonds can be formed because of these.

How should you respond?

You can respond by showing gratitude or by being appreciative of the gestures. You can say you are grateful for the kindness you received regarding your award.

7 0
3 years ago
Classical economists saw the depression as a political problem, not an economic problem. why?
navik [9.2K]

Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving  to the right level.

<h3>Classical economists</h3>

The Classical economists believe that the  great  depression experience  was as a result of  as a political problem.

The reason why they believe it was political problem was because  they felt the labor unions  who is the union responsible for fight for the right of workers were the one that  stop or prevent  the wage level from moving  to the right level.

Therefore they believed that labor unions were stopping the wage level from rising.

Learn more about Classical economists here:brainly.com/question/419703

#SPJ12

5 0
2 years ago
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