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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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2 years ago
How does the trade benefit the society?
alexdok [17]

Answer:

<em>Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.</em>

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3 years ago
Gina induces hugh to enter into a contract for the purchase of a condominium about which gina knowingly misrepresents a number o
marysya [2.9K]

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<h3>What is the significance of a fraud?</h3>

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4 0
1 year ago
If the economy is normal, Charleston Freight stock is expected to return 16.5%. If the economy falls into a recession, the stock
Vinil7 [7]

Answer:

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2 years ago
Someone may choose to own a car instead of leasing because
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<span>Someone may choose to own a car instead of leasing because they may end up needing to drive it farther and longer than the set milage or wanting to own the vehicle outright instead of making lease or rental payments. If you damage the vehicle, it also becomes more expensive because you do not own it entirely. Reporting damage or mile overage to the leasing company results in fees and penalities. </span>
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3 years ago
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