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Stells [14]
4 years ago
5

An increase in the price of a product will reduce the amount of it purchased because:

Business
1 answer:
jek_recluse [69]4 years ago
3 0

Answer:

C) consumers will substitute other products for the ones whose price has risen

Explanation:

When prices increase the consumer purchasing power effect and they prefer to substitute the low price product for the one whose price has risen to match their income and expenditure. Higher expenditure will result in the lack of savings. So the correct answer is C) consumers will substitute other products for the ones whose price has risen.

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2 years ago
Building and integrating analytics capabilities into all everyday business activities is known as _____.
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8 0
4 years ago
Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equil
Monica [59]

Answer:

The answer is: $0.15

Explanation:

In a perfectly competitive industry, the price of a good or service is always equal to the marginal revenue for the suppliers. In this case, the price for candy canes is $0.10.

If the price of candy canes' inputs increases by $0.05, then the new price of candy canes will be $0.15 ($0.10 + $0.05).

4 0
3 years ago
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6 0
4 years ago
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A one-year bond has an interest rate of 5% today. Investors expect that in one year, a one-year bond will have an interest rate
Amanda [17]

Answer:

6%

Explanation:

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Therefore,

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3 0
4 years ago
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