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navik [9.2K]
3 years ago
10

sellers of good X took in $100 in total revenue on sales of 50 units of good X. This month sellers of good X raised their price

and took in $120 in total revenue on sales of 40 units of good X. At the same time, the price of good Y stayed the same, but sales of good Y decreased from 40 units to 20 units. We can conclude that goods Y and X are
Business
1 answer:
Anettt [7]3 years ago
6 0

Answer: complementary goods.

Explanation:

A complementary good is a good that is used together with another good. Complementary goods usually have low utility when consumed alone.

Complementary goods usually have a negative cross price elasticity.

Negative cross price elasticity means that as the price of a product increases, the demand for the complement falls.

As the price of X increased, the quantity demanded of Y fell.

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3 years ago
Andy worked weekends for a month to complete a difficult project. he hoped that he would receive a raise if he successfully comp
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7 0
3 years ago
REI has a 100% satisfaction guarantee on its items. It allows customers to return products up to one year after purchase. This i
Vanyuwa [196]

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3 0
3 years ago
How does communication aids to trade​
Alexus [3.1K]

Answer:

Aids to trade communication

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Trade promotion organizations in a country and Global organizations for international trade. These important auxiliaries ensure a smooth flow of goods from producers to the consumers.

Hope this helpssss :)

7 0
4 years ago
If you want to prevent any disputes about the application of the parol evidence rule, what should you do?
Scilla [17]

Answer:

Refrain from introducing evidence of prior oral agreements that occurred before or while the agreement was being reduced to its final form in order to alter the terms of the existing contract and you will have no disputes.

Cheers!

3 0
3 years ago
Read 2 more answers
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