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ladessa [460]
3 years ago
11

Which statement describes the substitution effect?

Social Studies
2 answers:
Vilka [71]3 years ago
6 0
As the price of goods rises, people will substitute other products.

Zina [86]3 years ago
5 0

The correct answer is: "As the price of a good rises, people will substitute other products".

The substitution effect (SE) is derived from a product's price variation, together with the income effect (IE).

If the price of a product rises, demand of the product decreases (law of demand) because consumers will switch and demand a substitute good instead, as such goods would allow them to satisfy the same individual need of preference (that is the ultimate objective when making a purchase).

For example, if the price of orange juice rises, some consumers will not be willing to pay the new price and will prefer to consume cheaper peach juice, that satisfies the same need.  

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What effects does the lack of competition in command economics have ?
seropon [69]
When your market share in a certain area of economics is big enough, you can start doing things you usually would not do. As you basically determine various buying factors of the goods (value, size, quality ...) that are being sold (as you do not have much competition which could remove you). Due to this, in command economics, all the products can look the same and the amount of goods that are produced can come short to the actual demand; the demand being bigger than the amount of goods that are produced. 
4 0
4 years ago
Yuri works as a switchboard operator at a busy company and directs incoming calls from all over the world to the appropriate dep
tekilochka [14]

Answer:

thalamus

Explanation:

Thalamus: The term "thalamus" is described as one of the small structures in an individual's brain which are located nearly above an individual's brain stem in-between the midbrain and the cerebral cortex that possesses extensive "nerve connections.

The thalamus of an individual's brain is responsible for relaying sensory and motor signals from different receptors present in the different parts of an individual's body to the "cerebral cortex" of the brain.

In the question above, Yuri's job can be compared to the job of the thalamus in your brain.

5 0
3 years ago
The leading cause of impaired surface waters in the united states is:
Lostsunrise [7]
<span>The leading cause of impaired surface waters in the United States is: </span><span>Pathogens.
Pathogens (or germs) are what can produce diseases.

There are different types of pathogens: Bacterial (most bacteria are not harmful for the human kind, but pathogenic bacteria can cause infectious diseases); Viral (a few examples are influenza, or smallpox); Fungal (these usually consume dead organisms but some might be harmful for humans too); Prionic (these do not contain nucleic acids and cause diseases like, for example, the bad cow diseases); Algal (caused by a type of green alga known as Prototheca that lacks chlorophyll); and other parasites. </span>
3 0
4 years ago
Emma, a psychologist, wants to study the relationship that exists among college girls who stay in hostels. She disguises herself
Veronika [31]

Answer:

b. naturalistic observation

Explanation:

In research, there are many methods of collecting data for a study. One of these methods is the naturalistic observation.

Naturalistic observation consists in observing the subjects of our study in their natural environment instead of using a laboratory to collect the data. Also, there is no manipulation of variables from the researcher but just observations on the behaviors of the subjects.

In this example, Emma wants to study the relationship that exists among college girls who stay in hostels. She then disguises herself as a college student and shares a dorm with some girls for a month, she observes their behaviors and makes notes. We can see that <u>she is observing the subjects of her study (the college girls) in their natural environment (the dorms) and she is making observations on their behaviors without doing any manipulation. </u>Therefore this would be an example of naturalistic observation.  

6 0
3 years ago
Sutherland's concept of professional theft has two critical dimensions. first, thieves engage in limited types of crime. the sec
inna [77]
<span>The second requirement is the "</span>exclusive use of wits, front, and talking ability".

Edwin Sutherland<span> born in 1883 and died in 1950, was a criminologist proposed the idea of differential association for which he is best known. He said that by engaging with other people acquire knowledge of the values, behaviors and motives behind criminal conduct.</span>

 

4 0
4 years ago
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