Answer:
B. negative, positive
Explanation:
Substitution effect : Price rise of a good makes it relatively expensive, decreases its demand. Price fall of a good makes it relatively cheap, increases its demand.
So: Substitution Effect is always negative as per above explanation.
Income Effect : Price rise of a good decreases real income/ real purchasing power of consumer & reduces demand of all goods. Price fall increases real purchasing power & increases demand of all goods.
Income effect is positive in case of Normal Goods, normal good demand is positively related to income. The effect is negative in case of inferior goods, inferior good demand is negatively related to income.
Hence: Price rise of rice - Substitution effect results in negative change in rice consumption. {∵substitution effect always negative}
Income Effect leads to positive change in rice consumption {∵price rise reduces real income & income effect is negative for inferior goods}
Answer: c. They are skeptical to changes and new ideas.
Explanation:
Late Majority: These are expressively cautious consumers who don't like to take risks and who still have resistance to adopting a new product. They are conservative and only adopt a product when it is already used by the majority consumer.
Answer:
The expected annual return of Portfolio is 12.00%
Explanation:
The portfolio return is calculated by multiplying the individual security return with weight of individual security in the portfolio. We have three securities R, J and K with expected return on 12%, 18% and 8% with weight of 50%, 20% and 30%. Through multiplying them we get individual return of security that is 6%, 3.6% and 2.4%. The weighted average portfolio return is 12%
Answer:
it has other price po if u said like 1 pesos for 1 piece
Explanation:
stick o has a true price in the market but u can allow others to buy it for 1 pesos in 1 piece
