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nirvana33 [79]
3 years ago
11

4) Suppose that when the price of hamburgers increases, the Ruiz family increases their purchases of hot dogs. To the Ruiz famil

y A) hamburgers and hot dogs are complements. B) hamburgers and hot dogs are inferior goods. C) hamburgers and hot dogs are normal goods. D) hamburgers and hot dogs are substitutes.
Business
1 answer:
BigorU [14]3 years ago
3 0

Answer:

D) hamburgers and hot dogs are substitutes.

Explanation:

Option A is incorrect. When the price of one good increases, the demand for other good decreases. It is called complementary goods. In this question, due to the increase in the price of hamburgers, the Ruiz family started taking hot dogs. Therefore, hot dogs price is not increasing. Therefore, it is a substitute good. Substitute goods state that the increase in the price of one good leads to the increase in demand for another good. Therefore, option D is correct.

Normal goods and inferior goods are related to income, so those are not answers.

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Korolek [52]

Disagree. Liabilities can be met in ways other than money.

In accounting, a liability is a debt that is owed and must be payed with money, but there are also legal liabilities and other obligations that are not monetary.

4 0
3 years ago
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max2010maxim [7]

Answer:

$424.36

Explanation:

The applicable formula =M= P ( 1+ r)^2

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M= $400 x ( 1+ 0.03) ^ 2

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7 0
3 years ago
What is the difference between the short run and the long​ run?
Inessa05 [86]

Answer:  Option D

                                             

Explanation: In simple words, short run refers to the time frame in which all the factors of production are fixed while in the long run all of them are variable.

This happens due to the fact that in the short run if the company goes for changing the level of inputs than the opportunity that were availing in that time period will be gone by then leading to losses as the total time frame is very less in short run.

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4 0
4 years ago
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PIT_PIT [208]

Answer: -36

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