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topjm [15]
3 years ago
9

5. When increased raw material costs increase prices for consumers, the situation is known as _______ inflation.

Business
2 answers:
Bogdan [553]3 years ago
7 0
5. C. cost push
6. A. Demand
7. A. Law of Demand
8. A. The product isn't a Necessity 
9. C. Demand
MrRissso [65]3 years ago
5 0
Question: <span> When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. 
</span>Answer: C) Cost push.
Question: <span>6. What's the term for the idea that there aren't enough resources to satisfy everyone's wants and needs?
</span>Answer: A) Demand.
Question: <span>The _______ states that more of an item will be purchased at a lower price than at a higher price.
</span>Answer: A) Law of Demand.
Question: <span>What might cause a consumer to have an elastic demand for a product?
</span>Answer: A) The product isn't a necessity.
Question: <span>Consumer tastes or preferences would be most likely to have an effect on
</span>Answer: C) Demand.

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Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose
Feliz [49]

Answer:

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

Explanation:

Given a competitive market the consumer surplus will be the area of the demand curve above the market price

This is, between the intersection point with Y axis and a parallel at market price. Ofter represent as a triangle

If a monopolistic company maximize profit It will decrease this consumer surplus as much as it can to gain it from itself.

First it will set price equal to his marginal revenue.

Then, if possible it will charge two tariff a fixed component and a variable component per usage This will extrac all consumer surplus in favor of the firm leaving a consumer surplus of zero.

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

3 0
3 years ago
Indicate whether each of the following is counted in the United States gross domestic product for the year 2006. Explain your an
iVinArrow [24]

The value of used textbooks sold through an online auction in 2006 is the gross domestic product for that year.

<h3 /><h3>Which of the following variables is used when computing GDP?</h3>

The calculation of a country's GDP takes into account both total private and public consumption, government spending, investments, increases in private inventories, paid-in building expenses, and the international balance of trade. (Imports are deducted from the total, while exports are added.)

<h3>What are the gross domestic product's four components?</h3>

The four primary parts of the gross domestic product are government spending, corporate investment, personal consumption, and net exports. 1 That tells what a country is best at producing. GDP is a measure of a country's annual total economic production.

To know more about domestic visit:-

brainly.com/question/13795785

#SPJ4

3 0
1 year ago
Many consumers correlate price with quality, thinking that the higher the price, the better the quality. For these consumers, al
Aleonysh [2.5K]

Answer:

c) A heuristic

Explanation:

Price is a decision heuristic a shortcut to simplify and shorten the decision process. You get what you pay for is related to this heuristic.

3 0
3 years ago
Why do you think the value of the Indian rupee declined against that of the U.S. dollar after the U.S. Fed had announced that it
Alexandra [31]

Answer:

Because the United States interest moved up and Indian Rupees depends mostly on the capital from the United States of America.

Explanation:

So, about the Indian rupees there are things we must note; (1). The inflation on Indian Rupees is high, (2). The problem of deficit account by the Rupee.

The two problems mentioned above are the problems that made Indian Rupees to rest or relent mostly on the United States of America Fed's cash flow. So, when U.S. Fed announced that it would begin to wind down its economic stimulus program the value of Indian Rupees DECREASES.

5 0
3 years ago
Gail's Gears is a new company selling accessories for bicycles. Its new advertising campaign features instructions on how to ass
harina [27]

Answer:

Product advertising

Explanation:

The accessories Gail's Gears is promoting are products.

Product advertising is a type of advertising that promotes the uses, features, and benefits of products. It focuses on selling a product or service.

5 0
3 years ago
Read 2 more answers
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