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atroni [7]
3 years ago
12

Assume that beer is a normal good. If the price of beer rises, then the substitution effect results in the person buying _______

_ of the good and the income effect results in the person buying ________ of the good.
Social Studies
1 answer:
lutik1710 [3]3 years ago
5 0

Answer:

less, less

Explanation:

then the substitution effect results in the person buying less of the good and the income effect results in the person buying less of the good.

Due to price rise, consumer will shift to cheaper goods, therefore the rate at which people buying beer will decrease. The consumer's real purchasing power has  decreased and since beer is a normal good, the decrease in  purchasing power will lead to a decrease in the quantity of  beer demanded by the consumer

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Answer:

Explanation:

The downfall of these cities was also woven with the success and failure of the agriculture of ancient Egypt, Mesopotamia, and Kush. Generations of tough farming and overgrazing sapped land of nutrients, and in Kush, the deforestation that accompanied the mining of iron ore caused devastating erosion.

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Who runs the senate when the president of the senate is absent
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The president pro tempore<span> designates other senators to preside in his absence, generally new members of the majority party. The Constitution provides for two officers to preside over the Senate. The Vice President of the United States is designated as the president of the Senate.</span>
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expeople1 [14]

The amount of goods and services that enterprises are willing to sell at a given price is known as aggregate supply, known further in the following paragraph.

<h3>What are Aggregate demand and aggregate supply?</h3>

The amount of goods and services that enterprises are willing to sell at a given price is known as aggregate supply. The entire amount of products and services that will be purchased at all potential price levels is known as aggregate demand.

In the short run, aggregate demand is more likely to shift substantially than aggregate supply.

Therefore the above statement explains Aggregate demand and supply.

Learn more about Aggregate demand and supply here:

brainly.com/question/14804835

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3 0
2 years ago
What is electoral college? keep the answer short please
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Explanation:

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According to the _______________, SCOTUS’s interpretation trumps the interpretation of all other courts (federal and local), of
Mamont248 [21]

Answer:

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Explanation:

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