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
anastassius [24]
3 years ago
10

Which of the following describes the substitution effect of a price change?A) The change in demand that results from a change in

price, making the good more or lessexpensive relative to other goods, holding constant the effect of the price change onconsumerpurchasing power.B) The change in quantity demanded of a good that results from the effect of a change inprice on consumer purchasing power, holding everything else constant.C) The change in quantity demanded of a good that results from the change in the price of asubstitute for the good.D) The change in 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
Business
1 answer:
Liula [17]3 years ago
6 0

Answer:

The answer is D. The change in 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

Explanation:

Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.

For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.

Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).

You might be interested in
A company's marketing mechanism is deemed successful only if
forsale [732]
It attracts new customers and gets positive response.
Good marketing attracts more customers, more customers means more profit deeming it to be successful.
5 0
2 years ago
All of these are true about feedback except
Svetach [21]
The answer is D. <span>. most companies recognize the need for organizational leaders to get feedback from their employees
For most companies, the upper management level employee rarely took any form of advice/feedback from lower level employees.
This is really dangerous for the well-being of the company because not only it cause resentment among them, it also make the company miss the chance to detect the fatal flaw that may exist in their operation</span>
3 0
3 years ago
In agriculture, a "bumper crop" refers to a particularly productive harvest. if there is a bumper crop for wheat at the same tim
WINSTONCH [101]
<span>The equilibrium price will go down and equilibrium quantity will be indeterminate.
Bumper crop refers to a situation when a certain type of crop exeprience sudden bump in productivity. If at that exact time more people become allergic to this crop, the crop would be overly stocked in the warehouse and the owner would most likely sell it at lower price.</span>
7 0
3 years ago
Which of the following is a suggested policy on executive smartphone use?
azamat

Answer:

B. all of the above

Explanation:

Suggested policy on executive smartphone use:

  • Smartphone configuration and archiving policies.
  • A mandatory password requirement for smartphones.
  • A stated policy on deleting messages on smartphones
3 0
3 years ago
Personal jurisdiction is not possible over the objection of an out of state defendant ________.
fenix001 [56]

Answer:

NOT-unless the court believes that justice would be served.

Explanation:

Personal jurisdiction in legal setting can be regarded as the power conferred on a court to make decision on the case of the party that's been sued, for the court to exercise this power , there is a requirement that the party must have contact in minimum way together with forum in the court.

6 0
2 years ago
Other questions:
  • Assuming an upward-sloping AS curve, if an economy is at full employment and consumption spending decreases while all other leve
    5·1 answer
  • Presented below is information related to the purchases of common stock by Flint Company during 2020. Cost (at purchase date) Fa
    13·1 answer
  • Line of customers waiting to pay. The first customer asks you for directions to the airport.
    9·2 answers
  • On june 8, smith technologies issued a $75,000, 6%, 140-day note payable to johnson company. what is the due date of the note?
    8·2 answers
  • Select the correct text in the passage. Which sentence describes a cooperative organization? Cohen and his friends work in a coo
    14·1 answer
  • Felicia knits scarves and sells them to her friends. The first week, she knits four scarves and sells three for $50 each. The ne
    15·2 answers
  • Melba purchases land from Adrian. Melba gives Adrian $225,000 in cash and agrees to pay Adrian an additional $400,000 one year l
    5·1 answer
  • Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s
    6·1 answer
  • The explosion of government regulation in the United States has witnessed an accompanying social phenomenon of great importance
    11·1 answer
  • Which type of market is the one in which a person buys their favorite breakfast sandwich at a fast-food drive thru? product mark
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!