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3 years ago

When the price of a good rises, consumers buy a smaller quantity because of the effect and the effect?

1 answer:

4 0

When the price of a good rises, consumers buy a smaller quantity because of the substitution effect and the income effect. A change in the relative prices of goods results in change in consumption of that goods and that is denoted as the substitution effect. The change in purchasing power on the other hand which also result in change in consumption is referred to as the income effect.

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Match each of the following characteristics or scenarios with either the term negative externality or the term positive external

lawyer [7]

Answer: a. Negative externality

b.Positive externality

c.Positive externality

d.Positive externality

e.Negative externality

Explanation:

Positive externatility are the advantages which the people enjoy apart from the marketplace for which they do not pay any money. Negative externality means negative consequences faced by the people outside due to the activities of the firm.

A.In the scenarios given above when resource are over allocated the public resources are depleted and creates negative externality .

B. Tammy's case by raising garden increases the value of the public property which is positive externality.

C.Market demand is low so prices are low it is positive externality..

D.When resource are under allocated the public resources are not depleted and creates positive externality .

E. Water pollution affects public and creates negative externality . .

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3 years ago

The _________________ is the buying and selling of Treasury securities to influence the nation’s money supply..

Lynna [10]

Answer:

open market operation

Explanation:

The Federal Reserve purchases and sells treasury securities on the open market in order to regulate the supply of money that is on deposit in banks, and therefore available to loan out to businesses and consumers. It purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money

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3 years ago

Which of the following is the best example of a good debt strengthening your financial security?

musickatia [10]

There are many different types of "good debt" to have. Good debt with on time payments helps increase your credit score tremendously overtime because it shows lenders you can borrow money and pay it back on time. Paying your bills on time and sticking to your budget can contribute to payments paying off good debt. A mortgage is an example of good debt.

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3 years ago

Read 2 more answers

Once mylie's total utility begins to decrease, does each additional singing of the song hurt more than the previous one or less

True [87]

When total utility starts to decrease, each additional song hurts MORE than the previous song.

6 0

3 years ago

May, Inc. had the following transactions in 2019, its first year of operations: Issued 22,000 shares of common stock. The stock

tatuchka [14]

Answer:

The amount of paid-in capital $

Common stocks (22,000 x $2) 44,000

Preferred stocks (1,800 x $120) 216,000

Amount of paid-in capital 260,000

The correct answer is C

Explanation:

The amount of paid-in capital is the total of paid-in capital of common stocks and paid-in capital of preferred stocks. The paid-in capital of each stock is computed as number of stock multiplied by par value of each stock.

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3 years ago

When the price of a good rises, consumers buy a smaller quantity because of the ________ effect and the ________ effect?

When the price of a good rises, consumers buy a smaller quantity because of the effect and the effect?