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navik [9.2K]
3 years ago
8

Suppose there is an improvement in technology in this market and the price of lamps, a complementary good, increases. What chang

es do you predict in the equilibrium price and quantity
Business
1 answer:
ehidna [41]3 years ago
7 0

Answer:

Complementary goods are those goods that, as the word implies, are often used together. For example: milk and cereals, or gasoline and cars.

If the price of a complementary good increases, then, the price of the other complementary good will likely increase as well. The quantity demanded for both will fall, will the supply will increase.

This is exactly what would happen in the case, the price of the good that is complementary to lamps will increase, and its quantity demanded will fall.

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The key feature of an oligopolistic market is that Select one: a. a single firm chooses a point on the market demand curve. b. e
Lesechka [4]

Answer:

c. a small number of firms are acting strategically.

Explanation:

The Firms in oligopoly can influence market outcome and thus they act strategically to achieve the expected outcome.

6 0
3 years ago
Which voices forces you to consider the needs and wants of your readers?
viktelen [127]
Voice is very important to connect your thoughts with the readers. If you want to get connected with your readers you should know their language. There are different types of voices such as you-voice, we-voice, I-voice and impersonal voice. All theses voices have their own use and purpose.
You-voice will force you to consider the needs and wants of your readers. You-voice is all about the needs and wants of the readers.
6 0
3 years ago
How would you describe the savings rate in america compared with other industrialized countries?
Natasha_Volkova [10]
United States’ savings rate is only around 10%, much lower than any other countries. There's some reasoning behind it. In fact, countries with the highest savings rates weren’t necessarily the countries with the highest GDPs. GDP os US is $56,300 per capita but their household savings rate of just 4.9%. Also, in Hungary their GDP is $26,000 while their savings rate of 9.0%. This implies that the money they have isn't place on one nest only or put to savings, rather allocated to a much more important sectors. We should not forget taking into account their purchasing power parity, the rate a currency would have to be converted into another to buy the same amount of goods and services of the country. 
6 0
3 years ago
Country Able and Country Baker initially have the same real GDP per capita. Country Able experiences no economic growth, while C
muminat

Answer:

The correctt answer that fills the gap is Double.

Explanation:

GDP per capita, income per capita or income per capita is an economic indicator that measures the relationship between the level of income of a country and its population. For this, the Gross Domestic Product (GDP) of said territory is divided by the number of inhabitants.

The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation, national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

The objective of GDP per capita is to obtain data that shows in some way the level of wealth or welfare of that territory at a given time. It is often used as a measure of comparison between different countries, to show differences in economic conditions.

4 0
4 years ago
Community hospital just hired a contrast coder who charges $5.00 per record coded. Last week she coded 300 records. The HIM mana
VLD [36.1K]

Answer:

The contrast coder's weekly salary last week was $450.00.

Explanation:

The CC charged $5.00 per record coded. The previous week she coded 300 records.

Write it like:

$5.00 x 300 = 1500.00

Though remember the hospital has a 30% benefit.

So:

1500.00 x 30%*=450.00

*0.30 if you can't do the % sign on the calculator

Sorry if it doesn't work out!

6 0
3 years ago
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