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sdas [7]
3 years ago
10

The steepness of the demand curve is determined in part by the degree of substitutability between products. If buyers see produc

ts as good substitutes, demand will be______ . If buyers see products as poor substitutes, demand will be________.
Business
1 answer:
AleksandrR [38]3 years ago
8 0

Answer: Flatter; Steeper.

Explanation:

Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.

The steepness of the demand curve is typically determined by the degree of substitutability between the products. In cases where the buyers see the products as good substitutes, the demand will be flatter .

The flatter demand curve shows that there is a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand will be steeper.

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Answer: See explanation

Explanation:

The journal entry to correct the errors is given below:

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b. Dr Supplies $2500

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Note that the first entry that's given in (b) above reverses the incorrect entry. On the other hand, the second entry simply records the correct entry.

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As Shirley responded to a personnel director's concerns about changing to the health-care plan her firm offered, she said, "I ca
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<u>Reffeal</u>

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5 0
3 years ago
Cheapo Corporation sells products that are poorly made. Marcia, who has never bought a Cheapo product, files a suit against the
galina1969 [7]

Answer:

standing

Explanation:

Standing -

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3 0
3 years ago
Alena hopes that a good outline will accomplish Which of the following for her
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D. Help her distinguish between main topics and subtopics.

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