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Yuki888 [10]
3 years ago
14

The substitution effect is the portion of a change in quantity demanded that is due to a change in the relative price of the goo

d.
Question 8 options:

True

False
Business
2 answers:
statuscvo [17]3 years ago
7 0

Answer:

Option A.) TRUEE

Explanation:

Serga [27]3 years ago
6 0

Answer:

True

Explanation:

The <em>Substitution Effect</em> is the effect on the demand of a certain product because of variations of the prices of the product or the income of households. The concept illustrates how quantities demanded of a product decrease as the population find other products to substitute it.

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Economics is different from other social sciences because it gives special emphasis to the study of ______; it is similar to oth
neonofarm [45]

Answer:

Economics is different from other social sciences because it gives special emphasis to the study of ______; it is similar to other social sciences because they are all concerned with the study of _______.

the answers are opportunity cost; choices

Explanation:

The major emphasis of economics is how people choose among the alternatives available to them. Economics studies the concept of opportunity cost (i.e) the wants left unsatisfied in other to satisfy more pressing needs. Since the study of economics arises as a result of scarcity, the act of choosing important want to be satisfied and leaving less  the less important ones unsatisfied is an important aspect that economics studies

However, It is similar to other social  sciences  because it involves people and their behavior. (i.e people and their choices) subjects such as political science, sociology, psychology etc. all studies human behavior and how human reacts to what they are faced with daily.

8 0
3 years ago
Read 2 more answers
How do firms in asia (in this case, in thailand overcome market failure?
rusak2 [61]
They most likely drop the prices 
7 0
3 years ago
If Henry and Kate's Company has $300,000 of sales revenue, pays $50,000 in dividends, and has net income of $100,000, how much w
True [87]

Answer:

$205,000

--

Stockholders' equity = ($300,000 - $180,000) + ($375,000 - $240,000) - $50,000.

Explanation:

SE = (Total Assets - Total Liabilities) + (Revenues - Expenses) - Dividends

5 0
2 years ago
The key distinction between technological efficiency and economic efficiency is that technological efficiency​ _______ and econo
julsineya [31]

Answer:

The correct answer is option B.

Explanation:

The main difference between technological efficiency and economic efficiency is that technological efficiency is concerned with the quantity of outputs used while economic efficiency is concerned with the value of inputs used.

Technological efficiency implies that a firm is producing a level of input using the least possible quantity of inputs. Economic efficiency occurs when a firm is able to produce a level of output at the least possible cost.

Technological efficiency does not require economic efficiency but economic efficiency require technological efficiency.

8 0
3 years ago
Macy is a very creative person. Often, when trying to generate a novel or useful idea, she spends several days "mulling over" th
meriva

Answer:

Correct answer is (E) incubation

Explanation:

Incubation stage of the process of gathering information about a creative work or an idea. It is a second stage in creative process where one reflect upon the preparation stage and allow the creative process to continued. It involves using high mental ability to combine thought elements that are stimulated at one point in time.

5 0
3 years ago
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