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bonufazy [111]
3 years ago
13

_________________ is an example of a complementary good.

Business
2 answers:
AlladinOne [14]3 years ago
6 0

The correct answer is D. Mustard

Explanation.

In the economy and related fields, a complementary good refers to a type of good that is used along with others in most cases. For example, pencils are complementary goods because there use is related to the use of notebooks or paper. According to this, the product that is an example of a complementary good is mustard because this is not consumed along but with other products including hot dogs, hamburgers, french fries, etc. and therefore it is a complementary good.

Soloha48 [4]3 years ago
3 0
Pepsi is a good gift
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Joe decided to start washing cars on his street. The other kids in the neighbourhood noticed Joe was making a lot of money washi
Norma-Jean [14]

Joe decided to start washing cars on his street. The other kids in the neighborhood noticed Joe was making a lot of money washing cars and decided to open their own car wash. When they opened their own car wash, the equilibrium price decreased and the equilibrium quantity increased.

The price at which the quantity provided and demanded are equal is referred to as the equilibrium price. It is established by where the demand and supply curves cross. If more goods or services are produced than are needed to satisfy demand at the going rate, there is a surplus, which pushes prices lower.

Reduced demand will result in a drop in the equilibrium price and a reduction in supply. With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required. The equilibrium price will increase as the supply declines, while the quantity needed will go down.

Learn more about equilibrium price and quantity here

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8 0
1 year ago
Why would applying to as many scholarships as possible reduce your student debt?
Anna35 [415]

Answer:

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7 0
2 years ago
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A natural monopoly exists when a single seller experiences ____________ average total costs than any potential competitor.
vlabodo [156]

Answer:

lower

Explanation:

A natural monopoly appears when there are high entry costs like large infrastructure costs or economies of scale where a company can provide the products at a lower costs than others which provides a big advantage to the firm in the market and makes it difficult for any potential competitor to be able to compete. According to that, the answer is that a natural monopoly exists when a single seller experiences lower average total costs than any potential competitor as this represents a barrier for the competitor to be able to enter the market.

3 0
3 years ago
What type of budget is stated? A budget is a type of financial report that scrutinizes the inflow and outflow of money in a give
zmey [24]

Its cash flow statement. Hope this helps!!

6 0
3 years ago
Joe, Patrick, and Adam are friends. They have the same preference over consumption and leisure. Joe has two jobs. He auditions f
Roman55 [17]

Answer:

2. For Joe income effect dominates while for Adam substitution effect dominates

Explanation:

Income effect refers to change in the real i.e inflation adjusted income when prices change.

In the given case, Joe works at two jobs which means that for a greater income he is willing to work for more hours. Thus, in his case it can be said that income effect is prominent.

In the case of Adam, he works overtime regularly which means for every extra hour of work, he earns an extra income. This represents change in the relative income owing to change in working habits. This is a case of substitution effect.

6 0
3 years ago
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