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Bezzdna [24]
3 years ago
12

Suppose pizzas and burgers are substitutes. If the price of pizza increases, what happens in each market?

Business
1 answer:
dybincka [34]3 years ago
4 0

Answer:

The correct answer is option a.

Explanation:

Pizzas and burgers are substitutes. This implies that they are used in place of each other. If the price of pizza increases, its quantity demanded will decrease. This will be indicated by an upward movement to the left on the same demand curve.

The consumers will prefer a cheaper substitute, as a result, the demand for burgers will increase. This will be indicated by a rightward shift in the demand curve for burgers.

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Answer:

c) $714,285.71

Explanation:

The computation of the current value of this perpetual gift is shown below:

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= ($25,000) ÷ (3.5%)

= $714,285.71

In order to find out the current value, we considered all the given information that are mentioned in the question

6 0
3 years ago
Over the last half century, the percentage of the U.S. labor force working in manufacturing thas
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4 0
4 years ago
The perfectly price-discriminating monopolist is like the __________ in this regard.
Nadusha1986 [10]

Answer:

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NASTY AND ALSO THE GUY THE ANSWERED IS NOW BANNED HAHAHA
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