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tino4ka555 [31]
3 years ago
11

Assume that due to unfavorable conditions in a prime honey-producing area, the price of honey increases by 50 percent. the quant

ity consumed of herbal tea declines immediately by 25 percent. everything else held constant, the:
Business
1 answer:
vodomira [7]3 years ago
8 0

The answer to this question that would complete the statement is “<span>cross-price elasticity of demand for herbal tea and honey is negative, and therefore the two goods are complements.</span>”

<span>This means that a change in price of one product, directly affect the demand of the other product in an inversely fashion. In this case, as the price of honey increases, the demand for herbal tea decreases.</span>

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A TREC-approved form, the __________ presents a broker’s duties and obligations to a prospective client or customer. However, it
tamaranim1 [39]

Answer:

Group of choices:

A. Information About Brokerage Services (IABS) statement

B. vacancy clause

C. Seller's Disclosure of Property Condition

D. Residential Real Property Affidavit

The correct answer is A. Information About Brokerage Services (IABS) statement .

Explanation:

The brokerage service starts from a commercial contract in which a person is in charge of putting a seller and buyer in contact, in order to make the sale of a real estate. Without this intervention, the purchase would not occur, and therefore it is considered a service that has a variable remuneration according to the value of the property, rates set in the contract, etc.

5 0
3 years ago
Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the m
Alona [7]

Answer:

b. Increase by $2.20

Explanation:

Economic Surplus is the total benefit to society from production.

If an additional unit is produced the additional cost will be $79.40 and it will the additional benefit of $81.60.

So the surplus = benefit - cost = $81.60 - $79.40 = $.2.20

They are marginal quantities (change made by additional unit) so everything has been taken into account for the deriving of change to surplus.

3 0
3 years ago
Describe the purpose of the SEC.
r-ruslan [8.4K]

the role of the SEC is to Protect investors. Maintain fair, orderly, and efficient markets.

5 0
3 years ago
A key factor in evaluating the target market's attractiveness is the market's desire for alternative/natural solutions because t
Rudik [331]

Answer:

Athletes

Explanation:

As athletes are more physically active and capable and because of their increasing workouts, they tend to have good stamina.

Athletes are health conscious and prefer to go for organic products, rather then chemical intensive products, as on the long run, organic products do not harm the body in any manner, that the chemical products might do.

Turmeric is best known for its natural purifying effects.

As a company targeting athletes would be very beneficial as the customers like them, will get attracted easily towards these products.

8 0
3 years ago
When you buy in bulk, the price per individual item .
iogann1982 [59]

Answer:

Decreases

Explanation:

The seller is willing to diminsh price if he can sell more units of anygiven product.

3 0
3 years ago
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