1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katovenus [111]
3 years ago
9

The law of demand holds in the market for three​ goods, X,​ Y, and Z. An increase in the price of X causes an increase in the pr

ice of Y. A decrease in the price of X causes a decrease in the demand for Z.
Which of the following conclusions is most strongly supported by the information given​ above?
A) Y and Z are complements.
B) Y and Z are inputs in the production of X.
C) Z is a substitute for input X in the production of Y.
D) The slope of the demand curve for X is zero.
E) X and Y are substitutes.
Business
1 answer:
swat323 years ago
5 0

Answer:

C) Z is a substitute for input X in the production of Y. 

Explanation:

Goods are substitutes if they can be used in place of each another. For example, pen and pencil can be considered as substitute.

If the price of a good decreases, the demand for that good increases and the demand for the subsituite falls. X and Z are substitutes

Complements are goods that are consumed together e.g. bread and butter.

Inputs are goods used in the production of output. If the price of input increases, the price of the output increases. Therefore, X is an input in the production of Y.

Since X and Z are substitutes, and X is an input for Y.

I hope my answer helps you

You might be interested in
On January 1, Year 5, customers owed Eagle $40,000. On December 31, Year 5, customers owed Eagle $30,000. Eagle uses the direct
irinina [24]

Answer:

$200,000

Explanation:

The computation of the net revenue is shown below:

= Cash sales gross - Returns and allowances + credit sales gross - discounts + beginning balance of account receivable - ending balance of account receivable  

= $80,000 - $4,000 + $120,000 - $6,000 + $40,000 - $30,000

= $200,000

We simply first compute the net cash sales after considering the returns and allowances, and net credit sales after considering the discounts, and deduct the ending balance of account receivable

3 0
3 years ago
As the world is shrinking and businesses are more commonly working on an international level, understanding the differences amon
Eduardwww [97]

Answer:

The most significant viewpoint to be viewed as when entering another market is the neighborhood language. I will contract the nearby ability who can help me in understanding the neighborhood business condition. I will likewise procure the global ability alongside them and urge them to grasp the way of life of Brazil. I will give a tolerable compensation to the representatives of the organization and ensure that they have a decent living. I will offer significance to the social obligation and make a positive effect on the general public. This will make the business closer to the individuals and they will begin confiding in us. I will contemplate the lawful arrangement of the nation and distinguish what is required to run the organization is the lawful way. I will set up a legitimate group that is fit for taking care of any conceivable lawful issue presently and furthermore later on. Brazil is creating nation so the monetary circumstance is picking up strength in the nation. Individuals have a superior spending capacity now and they need a superior way of life. I will utilize this condition and offer advantages to the representatives that can permit them to be content with a decent work-life balance. I will likewise make enough business openings that can get the consideration of the ideological groups also. The administrations consistently move in the direction of making work for the individuals and our business will do that. However, I will ensure that we don't depend much on the political situation of the organization. That can put us under a great deal of weight and the organization should be sufficiently steady to work continually in any event, when the political circumstance gets shaky. So the principles and guidelines in the nation ought to be appropriately followed and gain the trust of the clients at the earliest opportunity so as to set up a solid toehold in the nation.

3 0
4 years ago
Gar Co. factored its receivables without recourse with Ross Bank. Gar received cash as a result of this transaction, which is be
Thepotemich [5.8K]

Answer:

Answer for the following statement is "C"

Explanation:

  • Sale of Gar's receivable accounts to Ross, with the possibility of noncollectable accounts being passed to Ross.
  • Non-recourse factoring helps a corporation to offer its invoices to a component without any duty to accept unpaid invoices.
  • If consumers refuse to pay their bills or pay their invoices late, all damages are borne by the element, making the company unregulated.

7 0
3 years ago
Mr. Henshaw, CEO of MBA Bank, decides that the organization needs to provide more convenient service to customers. He decides to
ANTONII [103]

Answer: unfreezing

Explanation:

The unfreezing stage of Lewis change process is being regarded as the first stage of change, and in this stage, an organization is being prepared and accept that change is inevitable and necessary and that existing status quo should also be broken.

This is illustrated in what Mr. Henshaw, CEO of MBA Bank did, by deciding that the organization needs to provide more convenient service to customers.

6 0
3 years ago
Grouper Corporation has outstanding 1,900 $1,000 bonds, each convertible into 60 shares of $10 par value common stock. The bonds
natima [27]

Answer:

Explanation:

The journal entries are shown below:

1. Bonds payable A/c Dr   $1,900,000 (1,900 × $1,000)

          To Discount on bonds payable $37,000

          To Common stock $1,140,000  ($10 × 60 shares × 1,900)

          To Additional paid-in capital in excess of par $723,000

(Being the conversion of bonds is recorded and the remaining balance is credited to the Additional paid-in capital in excess of par)

4 0
4 years ago
Other questions:
  • The efficiency frontier has a convex shape because of
    11·1 answer
  • Generally it is thought that assignment of property rights leads to efficient use of resources. We noted two cases however (the
    5·1 answer
  • Define organisational structure​
    12·1 answer
  • According to the Keynesian framework, ________ may cause a recession, but not inflation. a. a major trading partner's economic s
    11·1 answer
  • Marigold Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project S
    9·1 answer
  • Which of the following is a tangible incentive for good team performance?
    12·1 answer
  • What is an example of product marketing?
    13·1 answer
  • Based on this income statement for Company ZYX for the year ending December 31, 2014, what adjustment would need to be made to N
    13·1 answer
  • The sensitivity of a system for disciplining and possibly terminating employees is important, and it is critical that the system
    12·1 answer
  • the law of demand implies that: consumers are not responsive to price changes. consumers will, all other things unchanged, buy m
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!