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NeTakaya
3 years ago
15

Other things the same, a decrease in the price level makes consumers feel a. more wealthy, so the quantity of goods and services

demanded rises. b. less wealthy, so the quantity of goods and services demanded falls. c. more wealthy, so the quantity of goods and services demanded falls. d. less wealthy, so the quantity of goods and services demanded rises.
Business
1 answer:
nordsb [41]3 years ago
3 0

Answer:

more wealthy, so the quantity of goods and services demanded rises. 

Explanation:

If price level falls, the same basket of goods and services purchased by consumers would cost less. Consumers feel more wealthy and the quantity demanded of goods and services increases .

For example, if I spend $100 on clothes and the price of clothes falls to $50, I would buy clothes for $50 and still have extra $50. I can use the $50 to buy more clothes.

I hope my answer helps you.

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Mycenaean Greece became more powerful after a. ​creating trade networks with Egypt b. ​war with Persia. c. ​destruction of Crete
zalisa [80]

Mycenaean Greeks became more powerful after destruction of Crete.

Option c

<u>Explanation:</u>

The Civilization of Mycenaean in the ancient Greece is considered to be the last phase of the bronze age with the span of 1600–1100 BC. The civilization was named after the most prominent area called the Mycenae in Argolid.

The first wave of destruction in their mainland occurred in 1250 BC due to few unidentified reasons. The second and final destruction happened on 1190 BC which marked the end of the whole civilization.

They are known to be the first human to speak the Greek language. They were majorly influenced by the people of earlier Minoan civilization which was situated on Crete island.

7 0
3 years ago
In what ways does the format of a statement of financial or position under ifrs often differ from a balance sheet presented unde
Amiraneli [1.4K]
Umm can someone answer this please because i need help on this as well
7 0
3 years ago
The form of business organization where an entity is legally separate from its owners and issues shares of stock is a.
Anna [14]

Answer:

corporation

Explanation:

4 0
2 years ago
Blake eats two bags of generic potato chips each day. Blake's hourly wage increases from $ 9 to $ 15 , and he decides to stop ea
Tasya [4]

Answer:

The income elasticity of demand for generic potato chips=-4.00

Explanation:

Elasticity of demand can be defined as a measure of how responsive the demand for a certain good is when the price of that good or service changes. The elasticity of demand is usually negative. A negative elasticity of demand implies that the demand of a good or service reduces with an increase in price. The elasticity of demand can be measured using different methods. The mid-point method will be used in this case. The mid-point method of calculating elasticity of demand is as shown;

E=%Q/%P

where;

E=elasticity of demand

%Q=percentage change in quantity demanded

%P=percentage change in the price

And;

%Q=[(Final quantity-Initial quantity)/{(Final quantity+Initial quantity)÷2}]×100

Final quantity=0

Initial quantity=2

replacing;

[(0-2)/{(0+2)÷2}]×100=(-2/1)×100=-200%

%P=[(Final price-Initial price)/{(Final price+initial price)÷2}]×100

%P=[(15-9)/{(15+9)÷2}]×100=(6/12)×100=50%

E=%Q/%P

replace for %Q and %P

E=-200%/50%

E=-4

The income elasticity of demand for generic potato chips=-4.00

5 0
3 years ago
Pls, the meaning of warranty ​
kenny6666 [7]

Answer:

A warranty is a written promise by a company that, if you find a fault in something they have sold you within a certain time, they will repair it or replace it free of charge.

6 0
2 years ago
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