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
Rowanda could not settle her tax dispute with the IRS at the appeals conference. If she wants to litigate the issue but does not
Ray Of Light [21]

Answer: D) Tax Court

Explanation:

Tax court of United States is court that is made for hearing tax-related issue and problem and then judgment is made on the disputes.According to the question, Rowanda should appeal to U.S. tax court for her tax disputer with IRS so that appropriate decision can be made in legal way.

Other options are incorrect because the United state's court of Appeals, federal claim and district are not the place where tax related disputes are legally handled and heard.Thus, the correct option is option(D).

8 0
3 years ago
An important rule of budgeting is:
son4ous [18]

Answer:

A. Those responsible for complying with budgets must participate in budget preparation.

Explanation:

An important rule of budgeting is those responsible for complying with budgets must participate in budget preparation.

4 0
3 years ago
Which of the following is true when an economy produces at full employment, but consumers, government, businesses, and the forei
Art [367]

Answer:

When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

Explanation:

According to the Keynesian perspective, firms produce output only if they expect it to sell.

While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.

Keynes termed a fall in the aggregate demand as a recessionary gap.

A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.

Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

6 0
4 years ago
an article titled “What the Top 1% of Earners Majored In,” that 8.2% of Americans who majored in economics for their undergradua
RUDIKE [14]

Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills.

Economics are not restricted to one specific job category. Thus you have a wide variety of employment choices available to you. Because you have both quantitative as well as qualitative skills, however, it is natural to exploit your comparative advantage and find a position that utilizes both sides of your training.

The job market recognizes the special job skills that a major in economics provides. 80% of graduates in economics receive starting salaries in the range of $24,800-42,000 (

8 0
3 years ago
How do i know if i received the third stimulus payment?.
alexandr1967 [171]

Answer:

Use the IRS Get My Payment tool to track stimulus money

For the third stimulus check: It's worth visiting the IRS' online portal designed to track the status of your 2021 payment. Generally, it should tell you when your check will be processed and how you'll receive it: for example, as a paper check in the mail.

Explanation:

4 0
3 years ago
Other questions:
  • You just inherited some money, and a broker offers to sell you an annuity that pays $5,000 at the end of each year for 20 years.
    13·1 answer
  • Nations that have the strongest product liability laws tend to be well- developed economically However, the general case in deve
    7·1 answer
  • Markland First National Bank of Rolla utilizes Kanban techniques in its check processing facility. The fol-lowing information is
    12·1 answer
  • Greer Company developed the following data for the current year:
    7·1 answer
  • In 1-2 sentences, explain how wage discrimination results in unequal pay.
    14·1 answer
  • Supply is the amount needed.<br> O True<br> O False
    10·2 answers
  • Information related to Kerber Co. is presented below.1. On April 5, purchased merchandise from Wilkes Company for $23,000, terms
    13·1 answer
  • Who will bear the incidence of the tax? suppose the government imposes a tax on three products with differing demand elasticitie
    14·1 answer
  • Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 130 shares of its common st
    15·1 answer
  • After a hurricane devastates New Orleans, a Canadian charity sends $1 million to the U.S. to help the survivors rebuild their ho
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!