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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

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Alicia deposited $400 in the bank. The bank paid her simple interest at the rate of 5 percent per year. How much money will she
algol13

Using simple interest, she will have $410 at the end of six months.

Principle = $400

Rate = 5%

Time equals 6 months, or 0.5 years.

Simple interest is equal to PRT/100.

S.I. = 400*5*(1/2)/100

S.I. = 10

Consequently, $400 plus $10 equals $410.

<h3>What is simple interest?</h3>

To calculate the amount of interest that will be charged on a loan, use the quick and easy formula known as simple interest. For the purpose of calculating simple interest, the daily interest rate, the principal, and the number of days between payments are multiplied.

A loan's principal or the first deposit into a savings account serves as the basis for simple interest. Because simple interest doesn't compound, a creditor would only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.

Learn more about simple interests, from:

brainly.com/question/25845758

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The primary _______ of autotrader.com's research was to connect advertising on its website to actual dealership visits by custom
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The answer to this question is Objective
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Before making a final decision on which sources of funding to pursue, entrepreneurs should consider:
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Why do lean-agile leaders try to connect the silos of business, system engineering, hardware, software, test, and quality assura
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As Lean-Agile Leaders, they are enablers for the different teams within a company and they're lifelong learners aiming to further develop the people in an organization alongside the organization itself. By connecting the silos business, system engineering, hardware, software, test, and quality assurance they can increase productivity & increase their rate of success.
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Suppose that the # of Employed = 160 million, # of Unemployed = 10 million, and the Adult Civilian Population = 250 million. In
PIT_PIT [208]

Answer:

labor force participation rate = 68%

employment to adult civilian population ratio = 64%

Explanation:

total number of employed people = 160 million

total number of unemployed people = 10 million

total adult population = 250 million

total labor force = 170 million

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