Answer:
raises
rises
rises
increase
higher
decrease
rise
away from bread and toward cereal
rises
Explanation:
Complementary goods are goods that are consumed together
If the price of chowder falls, the quantity demanded of chowder increases in law with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If the quantity demanded of chowder increases, the demand for oyster increases also.
Due to the increase in the demand for oysters, suppliers would want to increase their supply of oysters. This would lead to an increased demand for inputs of which wheat flour is one of them. So, the quantity demanded of wheat would increase.
The increase in demand for flour would shift the demand curve for flour to the right and this would lead to a rise in price of flour.
The increase in price of flour would increase the cost of making bread. As a result, the supply of bread would fall. the fall in supply would lead to a rise in price of bread. As a result of the rise in price of bread, the demand for a substitute (cereal) would increase
Substitute goods are goods that can be used in place of another good.
The trickiest weather condition that an individual may
encounter is an adverse weather conditions in which this type of weather produces
effects that makes an individual to find it difficult to go out or see,
examples of this is when there is a conditions such as snow, ice, rain or fog.
The term when hotels turn guests away because their rooms are overbooked is called “walking” or “walked”.
Overbooking is <u>a situation where a business sells a good or service when the supply for this transaction is actually not available</u>.
Overbooking can happen when current guests increase their stay without further notice or when a room is not proper for a guest to stay in. It can also happen when hotels purposefully gave a room during busy seasons to more than one guest – thinking that perhaps one of them might cancel.
The relationship between the two goods can be described as Complementary good.
<h3>What is complementary good?</h3>
A Complementary good serves as goods or product that their value is been tied to each another.
Therefore, as a Complementary good, increase in the price of first good brings about decease in price of other.
Learn more about Complementary good at;
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The blank space in the task statement should be filled with; Teach for America.
<h3>Teach for America initiative</h3>
As the name implies, Teach For America is a nonprofit organization whose stated objective is to "enlist, develop, and mobilize as many as possible of our nation's most promising future leaders to grow and strengthen the movement for educational equity and excellence".
On this note, the nonprofit organization in discuss is; Teach for America.
Read more on nonprofit organizations;
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