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alexgriva [62]
2 years ago
8

What is it called where consumers react to rising prices by consuming less of a good and more of it's competitors?

Business
1 answer:
adelina 88 [10]2 years ago
6 0

Answer:

Substitute Effect

Explanation:

When a product's price increases, it becomes relatively expensive compared to its alternatives. The high price will encourage consumers to choose other goods that are relatively cheaper. Consequently, the price increase reduces the demand for the product while increases the demand for its substitutes.

The substitution effect describes how consumption is affected by an increase or a decrease in a product's price.

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How does capital play an important role in the other factors of production?
OverLord2011 [107]

Answer:

Capital is an important factor of production because it's what allows labor and land to be purchased.

Explanation:

capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery.

7 0
3 years ago
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To decide where to place the first digit in the quotient ,you can estimate or use_
Alla [95]
Benchmarks!!!!!!!!!!

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Eduardo is starting a floral shop and owns a 10-year-old delivery van. He borrows $50,000 from First National Bank, which takes
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Answer: After acquired property

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The after acquired property is manifested in the context above, Eduardo must have penned a security agreement nn other to secure the $50,000 loan from the National Bank, and therefore his real and personal properties such as his 10 year old van, including properties purchased after penning the security agreement such as the Just purchased greenhouse automatically becomes a collateral for his debt.

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3 years ago
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A stock is
arsen [322]

Answer:

A share of ownership in a company.

Explanation:

A stock represents ownership of a company. The total value of an organization is subdivided into small units called stock, shares, or equity.  Each stock or share is a small portion of the organization. Holders or owners of the shares are the owners of the company. They are known as shareholders or stockholders.

Shareholders acquire their shares or equity by either being the founders of the business or by purchasing them. When a business is being formed, the founders contribute capital, which converts to shares. The business may opt to sell more shares to the public through IPO when they need to raise additional capital.

7 0
3 years ago
Beginning investments should be?
Amiraneli [1.4K]

Answer:

Investment Beginner

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Here are six investments that are well-suited for beginner investors.

401(k) or employer retirement plan.

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Target-date mutual fund.

Index funds.

Exchange-traded funds (ETFs)

Investment app

Explanation:

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