1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lyudmila [28]
3 years ago
6

The substitution effect is the change in the quantity demanded of a good that results fromâ ______________, holding constant the

effect of the price change on consumer purchasing power. A. the tendency of people to be unwilling to sell something they own B. a change in the price of a substitute for the good C. a change in price making the good more or less expensive relative to other goods D. an increase in the usefulness of a product as the number of consumers who use it increases The income effect causes quantity demanded toâ ________ when the price of a normal goodâ decreases, and causes quantity demanded toâ ________ when the price of an inferior good decreases. A. âincrease; decrease B. âdecrease; increase C. âdecrease; decrease D. âincrease; increase
Business
1 answer:
nadezda [96]3 years ago
7 0

1. The substitution effect is the change in the quantity demanded of a good that results from a change in price making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power.

2. The income effect causes quantity demanded to increase when the price of a normal good  decreases, and causes quantity demanded to  increase when the price of an inferior good decreases.

Explanation:

The quantity change required this because a rise in the market price of goods leads to a shift in relative prices, which causes consumers to exchange sales with one commodity. This is one of two factors or consequences that underlie the demand rule and the negative curve of the market demand. The second is the impact of profits.

The tax increase is the result of a change in the price of production that impacts the buying power of a specific income level. The adjustment in buying power then results in a necessary supply shift and demand shift. Price changes and revenue are set with the income effect.

You might be interested in
As a result of their influence on the quantity, variety, and quality of products, trade barriers ________ domestic consumers.
likoan [24]

The answer in the space provided is hurt. It is because of their influence in the following factors such as the variety, quantity and the quality of products, the trade barriers will most likely hurt the domestic consumers involved in it.

5 0
3 years ago
Which of the following statements regarding a SEP is true?
oee [108]

Answer:

All the statements are false

Explanation:

A simplified employee pension (SEP) retirement plan can be set up by an employer or by someone that is self-employed. The employer benefits from the SEP because his contributions are tax deductible. The employer's contributions to SEP individual retirement accounts is completely discretionary, they don't have to follow a fixed rate or amount. The contributions must be equally proportional to all full time employees. The main advantage of a SEP plan is that it is very simple to set up.

4 0
3 years ago
After much discussion, Chad finally agrees to go to the opera with his wife. As they are finding their seats he says, sarcastica
zheka24 [161]

Answer:

e. Passive aggression

Explanation:

Passive aggressive behaviors can be defined as a type of behaviour which a person or an individual exhibit , which makes such person to express their negative feelings through their actions or by being indirectly aggressive instead of handling their feelings directly which is why a person or an individual with this type of behaviour often have resistance to requests by acting stubborn reason been that such person may feel angry or frustrated and act neutral, and then find an indirect ways to show how they really feel instead of communicating directly.

Secondly a person which PASSIVE AGGRESSIVE BEHAVIOUR will often posses this type of trait such as Trying to play the victim when issue arise, making excuses, blaming others for their action, hiding their anger, Trying to avoid direct communication just as in the case of Chad.

Therefore based on the information given about Chad,This is an example of PASSIVE AGGRESSION conflict style.

3 0
3 years ago
Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The following data pertains to
Brilliant_brown [7]

Answer:

A. 100,000 equivalent units

Explanation:

Calculation for what the Total equivalent units for Material P under the weighted-average method are calculated to

First step is to calculate the Unit transferred out

Unit transferred out = 28,000+72,000-16,000

Unit transferred out =84,000

Now let calculate the Total equivalent units for Material P

Total Equivalent unit of material P = 84,000+16,000

Total Equivalent unit of material P = 100,000

Therefore the Total equivalent units for Material P under the weighted-average method are calculated to 100,000 equivalent units

7 0
3 years ago
True or False: Most of the value added included in GDP in the United States is added by businesses rather than consumers.
shtirl [24]
The answer to this is true
7 0
3 years ago
Other questions:
  • Which non-verbal facial expression is not recognized worldwide?
    12·2 answers
  • When a negative externality exists, the private market produces?
    13·1 answer
  • A community council must decide which recreation facilities to construct in its community. Four new recreation facilities have b
    14·1 answer
  • Adams operates his $57500 firm using his own equity. Bob operates his firm with $28750 of his own money plus $28750 of debt at a
    9·1 answer
  • Although not mandatory, career advisors almost all agree that an objective is extremely important to include on a resume.
    12·2 answers
  • Corporate owners earn a return​ ________. A. through interest earnings and earnings per share B. through capital appreciation an
    8·1 answer
  • You own a franchise of rental car agencies in Florida. You recently read a report indicating that about 80 percent of all touris
    9·1 answer
  • Which are the four longest standing departments in the federal bureaucracy?
    14·1 answer
  • Summarise the following passage in on more than 60w words and supply an appropriate title:every second,1 hectare of the world's
    9·1 answer
  • If imports exceed exports, as in recent years, then __________ exists.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!