Answer:
sorry i dont know i was trying but cant figure it out
Explanation:
Products whose demand rises when another product's price increases are called: Substitute goods
Answer:
B. Advertising is about buying the attention of an audience of potential consumers. I hope this helps. :)
Explanation:
Answer:
Cost of each bottle of water is $7.
Explanation:
This is the case for economies of scale. When Charles produce 1 bottle of water, it costs him $1 per bottle, when 8 bottles are produced it costs him $7. The cost per bottle of water reduces as units increases.
Answer:
Wealth will be redistributed from creditors to debtors
Explanation:
Deflation refers to the general fall in the price level of goods and services when rate of inflation becomes lesser than 0%.
Due to the fall in the price level, goods and services become cheaper, credit providers reduce the quantum of credit provided.
Fall in the prices leads to lower expenditure by the purchasers owing to lower level of confidence and such buyers delay their purchases.
Deflation increases the purchasing power of consumers since at the same level of income, buyers can now buy more compared to previously.
Hence, those who earn fixed pension observe an increase in the value of such pension.
