Answer:
A. Decrease in price of complements
B. Increase in price of complements
C. Increase in price of substitute
D. Decrease in price of substitute
Explanation:
A. A decrease in the price of a good would increase its demand. This will cause the demand for its complements to increase as well, this is because the complements are consumed together.
B. Similarly, the increase in the price of a good would decrease in its demand. Along with it, the demand for its complement will decrease as well because the complements will be consumed together.
C. When the price of a good increases, its demand will decrease. The demand for its substitutes will increase because the consumers will prefer the cheaper substitute.
D. Similarly, the decline in the price of a good will make it cheaper, so its demand will increase. The demand for its substitute will decrease because the consumers will prefer the good that is cheaper.
Answer:rival in consumption and non- excludable
rival in consumption and excludable
common resource
private good
Explanation:
The fish in the river are considered ___rival in consumption __ and __non-excludable ___ whereas the fish in the private pond are _rival in consumption____ and _excludable____. In other words, the fish in the river are an example of ___common resource__, and the fish in the private pond are an example of ___private good__.
The true statement about specialty products is D. They are <u>distributed to only a few outlets</u> in a geographic area.
<h3>What is a specialty product?</h3>
A specialty product is a consumer good available at limited retail locations. It implies that there is a limited supply of specialty products.
Specialty goods are mostly high-end and high-priced goods. They are not frequently purchased by consumers.
Thus, the true statement about specialty products is D. They are <u>distributed to only a few outlets</u> in a geographic area.
Learn more about specialty products at brainly.com/question/14227087
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Answer:
D. Structurally unemployed
Explanation:
Structural unemployment is a type of involuntary unemployment. It is when a person cannot get a job because there's no job available that matches the skills the person possesses.
Seasonal unemployment is when Labour is unemployed during particular seasons.
Cyclical unemployment is when unemployment rises when there's a downturn of the economy and falls when there's a boom.
Frictional unemployment occurs when Labour is moving from one job to another.
I hope my answer helps you
