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BabaBlast [244]
3 years ago
12

For a normal good, if the price of a substitute good decreases then:

Business
1 answer:
geniusboy [140]3 years ago
8 0

Answer:

(B) the demand curve shifts leftward while the supply curve stays the same.

Explanation:

"Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases. "

Reference: Khan Academy. “Price of Related Products and Demand.” Khan Academy, Khan Academy, 2019

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PSYCHO15rus [73]
D. a secured loan requires collateral and an unsecured loan does not
5 0
2 years ago
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On September 1, a client paid the company $25,200 cash for six months of rent in advance (the client leased a building and took
Tju [1.3M]

Answer:

Dr Unearned rent revenue 16,800

Cr Rent revenue 16,800

Explanation:

Period 6 months

Period expired at year end which is from September to December = 4 months

December 31

Dr Unearned rent revenue 16,800

(4/6×25,200)

Cr Rent revenue 16,800

Unearned Rent Revenue was debited in order to reduced Liability while Rent Revenue was credited in order to increase revenue.

4 0
2 years ago
Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear.
irakobra [83]

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear ​increases.

If demand is elastic (price elasticity > 1), price and total sales are negatively related. In other words, an increase in price leads to a decrease in total sales.

Revenue is the amount of money generated WITHOUT subtracting the costs of business. In economics, the total sales test is a means of determining whether demand is elastic or inelastic. If an increase in price leads to an increase in total sales, demand is said to be inelastic because the increase in price does not significantly affect the quantity demanded.

Learn more about revenue at

brainly.com/question/16232387

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5 0
1 year ago
3m involves its customers in the process of developing new products. in this way, it can benefit from current customers' insight
pishuonlain [190]

I guess the correct answer is Product development

3M involves its customers in the process of developing new products. In this way, it can benefit from current customers' insights and develop new products that will meet these customers' needs. 3M is pursuing a Product development growth strategy.

3 0
2 years ago
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A parachutist jumps out of an airplane and accelerates with gravity to a maximum velocity of 58.8 m/s in 6.00 seconds. She then
arlik [135]

Answer:

From what height did the parachutist jump?

914 m

Explanation:

v = 58.8 m/s

u = 0 m/s

a = 9.81 m/s^2

t = 6.00 s

v^2 = u^2 + 2as

58.8^2 = 0 + 19.62s

s = 3457.44/19.62 = 176.22m

Upon decelerating after opening parachute;

v = 10 m/s

u = 58.8 m/s

t = 4.00

deceleration =( 58.8 - 10)/4.00 = 12.2 m/s^2

v^2 = u^2 + 2as

100 = 58.8^2 - 24.4s

3357.44/24.4 = s

s = 137.6s

Upon decending at constant velocity

distance = time*velocity = 10.0*60 = 600 m

Initial height = 600 + 137.6 + 176.22 = 913.82 m = 914 m

7 0
2 years ago
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