Answer:
The substitution effect will cause a decrease in the consumption of peanut butter and the income effect will cause an increase in the consumption of peanut butter.
Explanation:
Inferior goods are those whose demand drops as income increases. People tend to prefer other goods but are forced to use the inferior good because of income constraints.
If peanut butter is an inferior good and the price rises substitution effect will tend to cause a decrease in demand and consumption of peanut butter. This is because consumers will seek other alternatives.
Income effect acts in opposite direction to substitution effect, and will cause an increase in consumption of peanut butter.
If peanuts cost .25 per bag, you would divide $10 by .25 to determine how many bags you are able to buy.
Answer:
The correct answer is letter "A": True.
Explanation:
Light passing through a single slit forms a somewhat different pattern of diffraction from that formed by double slits or gratings of diffraction. Monochromatic light traveling through a single slit has a main peak, and on either side, there are many smaller and dimmer maximums. If the light is increased, the central maximum is expanded.
Answer:
D. go over the customer’s complaint with the front-of-the-house and back-of-the-house staff to avoid future problems.
