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finlep [7]
3 years ago
12

The law of demand results from which two patterns of behavior?

Social Studies
2 answers:
ludmilkaskok [199]3 years ago
6 0

The correct answer is the following: "substitution effect and income effect".

The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged increases, the amount that consumers are willing to offer decreases.</u>

The variation of the quantity, due to the price variation, takes place because of the joint incidence of two effects: the effect of the variation of the relative price if compared to other goods (<u>substitution effect</u>) and the effect on the consumer's income as, if the price of a desired or purchased product has increased, the consumer's available income will decrease (<u>income effect).</u>

Dominik [7]3 years ago
6 0

Answer:

substitution effect and income effect

Explanation:

Simply put, the law of demand states that if all other factors remain constant, if a price of a good is higher, fewer people will demand it. As the price of this good falls, the amount of good that the market will demand will increase. That is, the law of demand indicates that under normal conditions in a market, the quantity demanded is inversely proportional to the price of the good in question. That is, if a product has a low price, it will probably have a great demand.

Accordingly, we can state that the law of demand results from the substitution effect and the income effect.

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Answer:

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Explanation:

I hope that this helped you ;)

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3 years ago
Three-year-old dimitri frequently takes other children's toys from them, showing little concern for their feelings, even when th
hjlf
Part 1

1. The mother's comment wouldn't affect Dimitri because he is still in the pre-operational stage of Cognitive development.
During this stage, the child would most likely haven't develop the cognitive ability that allow him to see a certain scenario for other people's point of view (he wouldn't understand how his friends feel because of his action)

2. In this scenario, even though Dimitri still hasn't reach the stage where he could feel empathy toward other children, he's already capable to connect a certain event with his own emotional response.
So, in order to encourage him to stop the behavior, i would take away his toys while he's playing it. By doing this, Dimitri would understand the effect of his behavior and might stop doing it to other children.


Part 2.

1 <span>Kohlberg might stated that Ryan is moving from a conventional (rule-following) stage of moral reasoning to a post conventional stage.
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5 0
3 years ago
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vazorg [7]

Answer:

Explanation:

the Democratic People's Republic of Korea, also known as North Korea, is widely considered a dictatorship and not a republic.

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3 years ago
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3 years ago
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6 0
3 years ago
Read 2 more answers
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