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irina [24]
3 years ago
10

Complete the following sentence. ​If, as the price of orange juice decreases​, the quantity of grapefruit juice that people buy

decreases​, then orange juice and grapefruit juice are​ _______.
Business
1 answer:
irga5000 [103]3 years ago
3 0

Answer: Substitutes

Explanation:

The consumers take orange juice and grape fruit juice as substitute for each other: when goods are substitutes, one can be consumed in place of the other, therefore an increase in demand for one substitute would directly lead to the decrease in demand of the other.

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In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazine
rodikova [14]

Answer:

$2.5

Explanation:

Given:

Number of sandwiches in basket = 20

Number of magazines in basket = 30

cost of sandwiches in 2006 = $4

Cost of magazines in 2006 = $2

cost of sandwiches in 2007 = $5

Consumer price index in 2007 = 125

Now,

Consumer price index = \frac{\sum(p_1q0)}{\sum(p_0q0)}\times100

or

125 = \frac{20\times\$5+30\times X}{20\times\$4+30\times\$2}\times100

here,

X is the price of magazines in 2007

thus,

125 = \frac{\$100+30\times X}{$80+$60}\times100

or

1.25 × ($80 + $60 ) = $100 + 30X

or

30X = $175 - $100

or

X = $2.5

Hence,

The price of magazines in 2007 was $2.5

4 0
3 years ago
Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the ye
grigory [225]

Answer:

The correct answer to the following question is $810 .

Explanation:

For calculating the child and dependent care credit , we will first take out qualified dependent care expenses and then the percentage of qualified dependent care expenses.

So firstly, qualified dependent care expenses would be least of the three following given amount -

1) AGI of Jocelyn - $30,000

2) Amount paid to Trudy - $4000

3) $3000 available in case of one child.

So here $3000 would be the qualified dependent care expenses

Now the percentage of qualified dependent care expenses would be -

Maximum percentage available - 35% , but this is available to a person who has AGI of less than $15,000.

But Jocelyn has $30,000 of AGI, then 1% would decrease by every $2000,

so reduction in percentage = $30,000 - $15,000 / $2000 x 100

= 7.5% if rounded up to 8% , then percentage of qualified dependent care expenses would be 35% - 8% = 27%

Now child and dependent care credit = $3000 x 27%

=$810

=

7 0
3 years ago
Select the correct answer from each drop-down menu. when the value of a country’s currency falls, the currency is , so one unit
anyanavicka [17]

When the value of a country’s currency falls, the currency is <u>depreciating</u><u>,</u> so one unit of that currency can buy <u>fewer</u> units of other currency.

<h3>What is effect of a currency depreciation?</h3>

When there is a depreciation of a country's currency, its  makes its export goods cheaper for foreigners and domestic residents find that foreign imports are more expensive.

Therefore, the correct dropdown includes <u>depreciating</u> & <u>fewer</u>.

Read more about currency depreciation

<em>brainly.com/question/8106383</em>

#SPJ4

3 0
2 years ago
Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe
jenyasd209 [6]

Answer:

A)TRUE

Explanation:

This type of briefings are normally conducted at the beginnig of an assignment and if it neccesary at any time that it is neccesary

Other kind of briefings are:

  • Field-Level Briefing
  • Section-Level Briefing
4 0
3 years ago
What are products that consumers demand less of when their income rises
8090 [49]

Answer:

what are products that consumers demand less of when their income rises

Products that consumers demand less when their income rises are referred to as inferior goods

Explanation:

It is a natural phenomenon in economics that when there is an income rise from the consumers end, it changes their taste for a higher one which makes demand for some goods less and tagged them as being inferior

3 0
3 years ago
Read 2 more answers
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