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
Lerok [7]
3 years ago
6

If Kindle e-readers and Nook e-readers are substitutes, a higher price for Nooks would result in a(n) ______.

Business
1 answer:
lara31 [8.8K]3 years ago
3 0

Answer: a) increase in the demand for Kindles.

Explanation: the substitution effect for substitute goods gives that, if the price of good A rises, the demand for good B rises. Since a substitute good is a good that can be used in place of another, they are goods that a consumer perceives as similar or are comparable, in such a way that having more of one good causes the consumer to desire less of the other good. From the viewpoint of price, and given that consumers always prefer to spend less in instances where two goods are substitutes, it then means that Kindle can be used and preferred in place of Nooks given that the price of Nooks had gone up. Therefore, increasing the price of Nooks causes a corresponding increase in the demand for Kindles.

You might be interested in
For each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willin
elena-14-01-66 [18.8K]

Answer:

Producer surplus.

Explanation:

Producer surplus is the difference between the price of a product they're willing to sell and the price they're gonna actually received. In this case she is willing to spend $30 + $10 coupon and she buys $35 pair of jeans.

So, she's only paying $30, that means seller is receiving $5 less.

Therefore, producer surplus is $5.

8 0
3 years ago
When footwear has greater traction, what does this mean?
timofeeve [1]

Answer:

B

Explanation:

Think of the football cleats on the field.  They have better grip which is why they don't slip as often as someone on a basketball court would.

8 0
3 years ago
Read 2 more answers
You are writing a feasibility report about the possibility of an office site in Cambridge consolidating with your Boston site. W
spayn [35]

Answer:

A feasibility report is a paper that examines a proposed solution and evaluates whether it is possible, given certain constraints. It includes six sections: introduction, background information, requirements, evaluation, conclusions, and finally, the recommendation or final opinion section.

How a feasibility report should be written:

1. Write a Project Description. At this step, you need to collect background information on your project to write the description. ...

2. Describe Possible Solutions. ...

3. List Evaluation Criteria. ...

4. Propose the Most Feasible Solution. ...

5 Write a Conclusion.

Explanation:

The feasibility report will look at how a certain proposal can work on a long-term basis or endure financial risks that may come. It is also helpful in recognizing potential cash flow. Another important purpose is that it helps planners focus on the project and narrow down the possibilities.

A feasibility report is a document that assesses potential solutions to the business problem or opportunity and determines which of these are viable for further analysis.

3 0
3 years ago
Your unit is preparing to conduct a cordon and search operations in a nearby village suspected of harboring insurgents. your hav
ASHA 777 [7]
<span>The task is the stability task. Basically, this means you would find an note a safe and secure environment that will be key in gaining the support of the locals for any further military operations. It is to create a level of civil security that, depending on the mission, could rely on locals for help.</span>
6 0
3 years ago
Match each certification to its purpose
sveta [45]
First one7,6,65,and last 3
5 0
3 years ago
Read 2 more answers
Other questions:
  • The independent cases are listed below includes all balance sheet accounts related to operating activities: Net income Depreciat
    9·1 answer
  • How will the consultant's advice help make a change in the environment in the scenario below: A farmer has practiced burning fie
    6·1 answer
  • An investment-banking firm underwrites a new issue of stocks and bonds by Multiple Choice buying the entire bond or stock issue
    5·1 answer
  • A break-even analysis ________.
    8·1 answer
  • Which condition would not help to produce a test like environment?
    7·1 answer
  • Does unemployment affect demand?<br>​
    11·1 answer
  • Juan, not a dealer in real property, sold land that he owned. His adjusted basis in the land was $700,000 and it was encumbered
    12·1 answer
  • Money is a limited resource. true or false
    8·2 answers
  • Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200, and the government imposes a price flo
    12·1 answer
  • In the opening case of target's erp implementation, what were the bad managerial decisions made that led to a failed outcome?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!