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ser-zykov [4K]
3 years ago
8

When a non-price factor changes--such as income, expectations, prices of related goods, consumer preferences, or the number of b

uyers, there is a change in: _________________
Business
1 answer:
yanalaym [24]3 years ago
8 0

Answer: Demand

Explanation:

Determinants of demand includes:

(i) Income of an individual: There is a positive relationship between the income of an individual and demand for a normal good. On the other hand, there is a negative relationship between the income of an individual and demand for a inferior good. This change in income shifts the demand curve.

(ii) Prices of related goods:

Substitute goods: There is a direct relationship between the price of one good and demand for its substitute goods.

Complimentary goods: There is a inverse relationship between the price of one good and demand for its complimentary good.

This determinant of demand also shifts demand curve.

(iii) consumer preferences: Favorable consumer preferences increases the demand for a particular good and shifts the demand curve rightwards.

(iv) Number of buyers: If the no. of buyers increases in an economy then as a result demand for goods increase which shifts the demand curve rightwards and vice-versa.

(v) Expectations: If the expected price of a particular good increases in the near future then as a result demand for that good increases in present.

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Seo Yeon is a paid intern working for a small team of four software developers. Each member of the team is facing different dead
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Answer: B. Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month.

Explanation:

From the options given in the question, the solution that is likely to best allocate her time between the four team members will be option B "Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month".

Since the teams have different deadlines, she should allocate her time equally to the four teams and help them out based on their deadlines as those with nearer deadlines should be helped first. We should also note that she shouldn't allocate the whole 40 hours to a particular team as that's not fair and can bring about disunity.

8 0
3 years ago
Assume the global economy consists of just two trading partners, the United States and Europe. Determine whether each scenario b
lyudmila [28]

Answer:

United States and Europe

Determination of United States having a trade deficit, balanced trade, or a trade surplus:

a. Trade surplus (investment surplus)

b. No effect on trade surplus or deficit

c. Trade surplus

d. Investment surplus

e. Balanced trade

f. Balanced trade

Explanation:

The United States experiences a trade surplus when its exports to Europe is higher than the imports from Europe, whether it is for goods, services, or investments.

On the other hand, the United States will experience a trade deficit when its imports from Europe are more than its export to Europe.

The US and Europe will have some advantages and disadvantages to having a trade deficit or surplus.  When the US experiences a surplus, the exchange rate between the two continents increases in favor of the US.  However, there will a reduction of the competitiveness of the US exports as higher prices will be incurred by Europe for US exports.

3 0
3 years ago
What do insurance companies pay to compensate consumers after a loss? copayments deductibles payouts premiums
aliya0001 [1]

Answer:

C. payouts

Explanation:

i took the test

4 0
3 years ago
Any item that has a definite monetary value is able to be used as:
Alex777 [14]
An installment payment is equal payments every month, meaning it is the correct answer. (B)
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3 years ago
Which of the five competitive forces is influencing a passenger train line, when a new automobile manufacturer causes a reductio
FromTheMoon [43]

Hi thank you for using brainly.com

<span>The answer to this question is “availability of substitutes“. The reduction in the number of people riding trains is due to the fact that a new substitute, automobile, is available in the market.</span> <span>
Hope that helps!</span>
4 0
3 years ago
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