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konstantin123 [22]
3 years ago
15

"" The ________________ arises when a price changes because consumers have an incentive to consume less of the good with a relat

ively higher price and more of the good with a relatively lower price.
Business
1 answer:
Elis [28]3 years ago
7 0

Answer:

The correct answer is "substitution effect"

Explanation:

When the price of a good or service rises, and the consumers change into a cheaper product with similar characteristics; immediately the market experiencing a decrease in sales for these changes; That phenomenon is called substitution effect.  

For Example:

When the chicken price increases, the consumers prefer to consume pork; Immediately the chicken sales decrease for this decision. That is called a substitution effect.

You might be interested in
TP Inc. is a young start-up company. No dividends will be paid on the stock over the next 9 years, because the firm needs to plo
tatiyna

Answer:

$41.69.

Explanation:

P9 = Next dividend / Required rate - Growth rate

P9 = $5 / 8% - 2%

P9 = $5 / 6%

P9 = $5 / 0.06

P9 = $83.33

So, the stock price for 9th year is $83.33

Current stock price = P9 / (1 + Required rate of return)

Current stock price = $83.33 / (1+0.08)^9

Current stock price = $83.33 / (1.08)^9

Current stock price = $83.33 / 1.9990046271

Current stock price = 41.68574643115692

Current stock price = $41.69

Therefore, the current stock price is $41.69.

8 0
3 years ago
The bookkeeper prepared a check for $48 but accidently recorded it as $95. When preparing the bank reconciliation, this should b
Ierofanga [76]

Answer:

Adding $47 to the book balance.

Explanation:

The above is an example of transposition error, which is caused by substituting two or more sequential digits ; mistake would be corrected by adding $47 ($95 -$48) to the book balance.

7 0
3 years ago
Jared helps people plan for retirement, so they have enough to live on when they're old. He is:
Schach [20]

Answer:

A financial planner

Explanation:

A financial planner is an expert in budgeting and money management matters. They help individuals and companies plan and achieve long term financial objectives. A financial planner assesses the client's financial aspects such as income, investment, savings, and expenditure and advice them accordingly.

Jared must be a financial planner. His responsibilities revolve around assisting people in making long-term financial plans.

5 0
3 years ago
Read 2 more answers
A company decides to survey its employees about their job satisfaction. the company’s managers are responsible for delivering th
allsm [11]

The source of bias in the face-to-face sampling method is"employees are less likely to tell their manager they are unhappy with their job."

<h3>What is face-to-face survey?</h3>

Face-to-face surveys, also known as F2F surveys, are a type of data collection that involves the study sample in order to conduct the interview in-person and observe the participants' behavior and responses in order to gather more data.

Many researchers favor this form of data collecting because it enables them to see the context in which their research population or sample functions and, in doing so, allows them to more thoroughly analyze their replies, for example while conducting field research.

Some advantages of face-to-face survey are-

  • The F2F survey gives you, as the interviewer, the opportunity to closely examine both the participants' verbal and non-verbal responses, allowing you to both observe and analyze their behavior.
  • The fact that researchers can get a greater degree of response rate when conducting an F2F survey is another benefit.
  • In a face-to-face study, researchers can take charge of the interview and ensure that participants are focused on filling the questionnaire, free from any distractions that might result from the lack of a facilitator.

To know more about face-to-face survey, here

brainly.com/question/14680308

#SPJ4

6 0
2 years ago
The Shaffer Auto Company has purchased a large parcel of land forâ $1 million. The company recently discovered that the land is
dolphi86 [110]

Answer:

O D $0

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Since the land is worthless, there is no next best use of the land. Thus, its opportunity cost is zero.

I hope my answer helps you

6 0
3 years ago
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