1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zheka24 [161]
3 years ago
11

Suppose that the price of sushi take-out, a substitute, decreases in price. what will happen to the demand for chinese take-out?

Business
1 answer:
omeli [17]3 years ago
8 0
<span>Suppose that the price of sushi take-out, a substitute, decreases in price. What will happen to the demand for Chinese take-out? The demand for Chinese take-out will likely decrease as a substitute is cheaper. Those we are okay with substituting one item with another are often after the price the items sell out versus exactly what the want from the item. Since they are substitutes, more people will likely get the cheaper option, Sushi take-out. </span>
You might be interested in
Assume the following exchange rates: $1 = NZ$3, NZ$1 = MXP2, and $1 = MXP7. Given this information, as you and others perform tr
Vika [28.1K]

Answer:

c. Appreciate; Appreciate

Explanation:

Triangular arbitrage is the act of taking an opportunity resulting from a pricing discrepancy among three different currencies when the currency's exchange rates do not exactly match up

This cases are very rare and for a quite short period of time so there are very few traders who takes the advantange of them.

Lets study th given cases here:

A) NZ dollar Versus Mexican Peso

The exchage rate is 1NZ$= 2 Mexican Pesos (MXP)

But if we apply the triangular arbitrage:

1 NZ dollar = 0.3333 US$

and we know tha 1 US$= 7 Mexican Pesos (MXP

Then 1 NZ dollar = 0.3333* 7 MXP= 2.333 MXP

So the NZ dollar appreciates

B) MXP Versus U$S

The exchage rate is 1 MXP= (1/7) U$S

But if we apply the triangular arbitrage:

1 MXP = 0.5 NZ

and we know tha 1 NZ= 0.333 US$

Then 1 MXP = 0.5* 0.333 U$S= 0.166 U$S

So the MXP appreciates

7 0
3 years ago
The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as t
kiruha [24]

Answer:

The three main pillar of sustainability

Explanation:

Sustainability is fulfilling the present needs without compromising the needs of the future generation.

The three main pillars of sustainability include economic, environmental and social.

Economic pillar of sustainability - it is referred to that strategy that focuses is to use economic resources in a sustainable.

Environmental pillar of sustainable - it is focused on the use of such thing that lower the impact of facilities on the environment

Social Pillar of sustainable - is work on training programs to fulfill the needs of individuals according to the group.

3 0
3 years ago
Read 2 more answers
Scenario 2: You’ve been eager to buy a new cell phone for months, and now you’re ready to make it happen. You use your credit ca
Fed [463]
It goes up because you are paying your payments therefore building credit by showing you are trustworthy..
5 0
3 years ago
What is the main reason that governments create natural areas called reserves?
Sergio039 [100]
To protect weakened ecosystems and their wildlife Can i have brainy :D
3 0
3 years ago
Read 2 more answers
When credit card companies increase the credit limits for their customers, it means to say that the customers have
stira [4]

Answer:

..................

Explanation:

.................

6 0
3 years ago
Other questions:
  • The CFO of Mulroney Brothers has suggested that the company should issue $300 million worth of common stock and use the proceeds
    10·1 answer
  • Mia and Allen, married with two teenage sons, both work. They have read Dave’s books, finished a beginner emergency fund, establ
    9·2 answers
  • Which of these statements is TRUE of complementary products?
    15·1 answer
  • Attorneys' fees, entrance fees, train fares, and organization dues are all:_______
    11·1 answer
  • In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price
    9·1 answer
  • Suppose Brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used b
    5·1 answer
  • You use u.s. currency to pay the owner of a restaurant for a delicious meal. the currency
    9·1 answer
  • an employee of a company is being paid to assist in the sale of stock options to the company's employees and will recieve a bonu
    10·1 answer
  • Costs of Acquiring Fixed Assets
    9·2 answers
  • Lease or Sell Casper Company owns a equipment with a cost of $366,000 and accumulated depreciation of $53,200 that can be sold f
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!