For consumers, pizza and hamburgers are substitutes. a rise in the price of a pizza causes ________ in the equilibrium price of
a hamburger and ________ in the equilibrium quantity of hamburgers. a a rise; a decrease b a rise; an increase c a rise; no change d a fall; a decrease e a fall; an increase
<span>If pizza and hamburgers are substitutes, then a rise in pizza prices will cause consumers to move to hamburgers instead. Assuming a fixed supply curve for hamburgers, this will push out the demand curve, which will cause the equilibrium of the two curves to move to a point of higher price and higher quantity. As such, the correct answer is b: a rise; an increase.</span>
Encumbrance is in the debit because is the money that we have destined for the purchase and since we have to get the money from our funds Reserved for encumbrances is in the credit.
Rare resources are unique resources that is not controlled or possessed by many competing firms. Only a small number of competing companies control it. It usually stands out by being distinctive among the set of future competitors. Rare resources are short in supply and capable of persisting over an extended time, this makes it a source of competitive advantage for a company.
