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
xeze [42]
3 years ago
11

Explain how demand for a good can affect demand for a related good.

Business
1 answer:
Lostsunrise [7]3 years ago
8 0

Hello!

As the demand for a good increases, the demand for a related good also increases. As the demand for a good decreases, then the demand for a related good decreases as well.

For example, if a new DVD player is released, then consumers will want the new product, therefore increasing demand for it. Because the demand for the player goes up, the demand for DVDs will also go up because consumers will want more DVDs to use with their DVD players. In this case, the DVD is the related good.

On the other hand, the demand for a related good will decrease if the demand for the main good decreases. For example, if demand for potatoes were to decrease, then the demand for potato peelers would also decrease. This is because people would not need potato peelers if they do not purchase potatoes.

I hope this helps you! Have a lovely day!

- Mal

You might be interested in
What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in
algol13

 

In order to obtain more cultural information about Ecuador I would consult a websitecalledhttp://geert-hofstede.com.

 

Geert Hofstede is a Dutch social psychologist who is known for his research on different cultures. On his website one can enter a country of choice and will obtain information on that culture’s dimensions (a theory developed my Hofstede). 

3 0
3 years ago
A company has two segments with total sales of $500,000 and total variable costs of $343,750. Traceable fixed expenses are $50,0
Schach [20]

Answer:

$416,000

Explanation:

The computation of the break even in dollars for the company is given below:

Total fixed expenses = Traceable fixed expenses + Common fixed expenses

= $50,000 + $80,000

= $130,000

Now  

Contribution margin ratio = (Sales - Variable costs) ÷Sales × 100

= ($500,000 - $343,750) ÷ $500,000 × 100

= 31.25%

Now

Break-eve dollars = Fixed expenses ÷ Contribution margin ratio

= $130,000 ÷ 31.25%

= $416,000

4 0
3 years ago
You want to buy a car, and a local bank will lend you $10,000. The loan would be fully amortized over 4 years (48 months), and t
TiliK225 [7]

Answer:

the monthly paiment will be: $ 248.85

Explanation:

Total principal paid will be :$ 10,000

Total interest paid: $ 1,944.82

Month 1 :

Payment;248.85 Principal: 173.85 Interest: 75.00 Balance: 9,826.15

Month 2:

Payment:$248.85 Principal $175.15 Interest $73.70 Total interest $148.70 Balance $9,651.0

And so on...

Mont 48:

JPayment: $248.85 Principal$247.00 Interest: $1.85 Total interest:$1,944.82 Balance:$0.00

3 0
3 years ago
When town commons were broken up into lots each farmer had to bear all the costs and all the benefits of his choices about how m
sukhopar [10]

When town commons were broken up into private lots each farmer had to bear all the costs and all the benefits of his choices about how many animals to graze

<h3>What is private lots?</h3>
  • When non-governmental legal entities own property, it is referred to as private property. Private property can be distinguished from collective or cooperative property, which is owned by a collection of non-governmental enterprises, and from public property, which is owned by a state agency.
  • Capitalism, an economic system based on the private ownership of the means of production, is built on the principle of private property. Different political ideologies draw different distinctions between private and personal property, with socialist perspectives drawing a clear line between the two. Private property is a legal concept that is established and upheld by a nation's political system.

To learn more about Private property with the given link

brainly.com/question/27881320

#SPJ4

4 0
2 years ago
Carla makes $18.50 per hour. Calculate her earnings for a 30 hour week.
ad-work [718]

Answer:

$583.41

Explanation:

in a week she works for 30 hours and she gets 30×18.50=$455.00

the total of the other incomes= $128.41

Total earnings=$128.41+$455.00

=$583.41

4 0
3 years ago
Other questions:
  • As EBIT drops, the return on equity (ROE) of a levered firm drops ______ the ROE of an otherwise identical unlevered firm.
    10·1 answer
  • A contest for an honor or an award is called?
    7·2 answers
  • At the end of 2014, Stacky Corp. had $500,000 in liabilities and a debt-to-assets ratio of 0.5. For 2014 Stacky had an asset tur
    8·1 answer
  • Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 5,900 6,600 6
    6·1 answer
  • Javier is the sole proprietor of a golf shop. Because he is a sole proprietor, any profit Javier’s business earn is ____________
    14·1 answer
  • If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t
    11·1 answer
  • You are considering opening a small flower store. You anticipate that you will earn $100,000 each year in revenue. It will cost
    13·1 answer
  • Will Mark Brainliest!!!
    14·1 answer
  • ____________ reduces the number of levels in an organization's job structure. Multiple Choice Competency-based pay Red-circling
    7·1 answer
  • A double variable stores a value in 64 bits, using some bits for mantissa, some for exponent, and one for sign. which is true ab
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!