Answer:
None of these is correct
Explanation:
The substitution effects is the decrease in sales for a product that can be attributed to consumers switching to cheaper alternatives when its price rises. The substitution effect is based on the idea that as prices rise, consumers will replace more expensive items with cheaper substitutions or alternatives, assuming income remains the same.
Answer:
c
Explanation:
I believe its C due to the fact. stunt doubles are actual individuals. or they would just have the actor be edited instead of placing a digital stunt double.
Answer:
a. quantity demanded responds to a change in price.
Explanation:
The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes.
People with ideas but no money lend money to the financial markets. People with money but no ideas lend money to the financial markets. People with no ideas and no money lend funds to the financial market
<h3>What is the financial market?</h3>
A financial market is a place where individuals can exchange financial derivatives and securities for little to no cost. Stocks, bonds, and precious metals are some of the securities. It basically refers to any market where trading in securities takes place, including, but not limited to, the stock market, bond market, FX market, and derivatives market. For capitalist economies to run smoothly, financial markets are essential.
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This situation represents <u>progressive</u> type of tax system.
<u>Explanation</u>:
A progressive tax is laid on the people based on their ability to pay. A lower tax rate is charged for the individual with low income compared to the person with higher income. The tax rate is fixed based on the income of the person. The high income earners are charged tax with higher percentage.
In the above scenario, the income of Olaf is $100,000. So he pays $20,000 as tax. George earns $200,000, so he pays $48,000 as tax. George pays tax higher than Olaf, as he earns higher than Olaf.