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
Nataliya [291]
4 years ago
6

The market demand curve for a normal good will shift to the left ​(decrease​) when the price of a substitute good ▼ increases de

creases ​, the price of a complementary good ▼ decreases increases ​, consumer income ▼ increases decreases ​, and population ▼ decreases increases .
Business
1 answer:
suter [353]4 years ago
7 0

1. decreases 
2. increases3. decreases
4. decreases  
The answers here require you to understand the terms involved. So let's look at the options and see what is what.  
1. The price of a substitute good â–Ľ increases decreases​ 
* A substitute good is some good that can be used as a substitute for another good. So if that substitute becomes cheaper, it will be used more as a substitute for the original good. So the answer is "decreases"  
2. The price of a complementary good ▼ decreases increases​,
 * A complementary good is a good that's used in conjunction with another good. Something like milk and cookies. As more cookies are consumed, more milk is desired to go along with the cookies. So increasing the price of the complementary good will decrease the demand of the other good. So the answer is "increases"  
3. Consumer income â–Ľ increases decreases 
* If the consumer has less money to spend, then spending on non-essential goods will decrease. So the answer is "decreases".  
4. Population â–Ľ decreases increases 
* A smaller population is a reduced consumer base, so fewer goods are purchased. The answer is "decreases"
You might be interested in
5. What is the best way to put together a business plan?
Genrish500 [490]
13 is D 15 is D thats all i know for sure sorry idk the rest
5 0
4 years ago
Read 2 more answers
Which of the following is​ true? A. Macroeconomics is the study of the economy as a​ whole, while microeconomics deals with the
anyanavicka [17]
<h2>Macroeconomics is the study of the economy as a whole while microeconomics deals with the individual decision-making units.</h2>

(Option A) is the right answer

Explanation:

Microeconomics  is taken from the Greek prefix called "mikro" which means "small". This is one of the branches of economics which talks about the study of behavior of individuals and firms in making decisions regarding the allocation of scarce resources. It also deals with the interactions among these individuals and firms.

Macroeconomics deals with "large-scale or general economic factors"

It is the study of "National economy"

Eg. Aggregate supply, Aggregate demand , Inflation.

4 0
3 years ago
The CPI tends to A. estimate inflation correctly. B. underestimate the extent of inflation when prices increase rapidly. C. over
CaHeK987 [17]

Answer:

d. overestimate the extent of inflation because it uses fixed weights and ignores substitution of lower priced items for higher priced items

Explanation:

The CPI tends to overestimate the extent of inflation because it uses fixed weights and ignores substitution of lower priced items for higher priced items

7 0
3 years ago
One reason to buy a home instead of rent a home is:
Natali [406]
It’s better to buy a home instead of renting a home because when you rent, your paying someone else’s mortgage! Whereas when you buy a home, you’re paying your own mortgage not someone else’s. It’s also better to buy a house because when you rent, you can’t change anything about the house because it’s essentially not yours. For example, if you wanted to plant s tree in the backyard of your rented house, you wouldn’t be able too because it’s not your yard. Whereas if you bought your house, you could do whatever you want to it because it’s yours.
I hope this helped! :-)
5 0
3 years ago
Read 2 more answers
1. Compute the current ratio and acid-test ratio for each of the following separate cases:
Rina8888 [55]

Answer:

Current Ratio: 2.49; 2.7; 1.75

Acid test ratio: 1.32; 0.64; 0.65

Explanation:

Current ratio

For Camaro:

= Current assets ÷ Current liabilities

= $ 5,915 ÷ $2,380

= 2.49

For GTO:

= Current assets ÷ Current liabilities

= $3,780 ÷ $1,400

= 2.7

For Torino:

= Current assets ÷ Current liabilities

= $6,900 ÷ $3,950

= 1.75

Acid test ratio:

For Camaro:

= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities

= ($5,915 - $2,375 - $400) ÷ $2,380

= $3,140 ÷ $2,380

= 1.32

For GTO:

= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities

= ($3,780 - $2,180 - $700) ÷ $1,400

= $900 ÷ $1,400

= 0.64

For Torino:

= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities

= ($6,900 - 3,450 - $900) ÷ $3,950

= $2,550 ÷ $3,950

= 0.65

6 0
4 years ago
Other questions:
  • Which of the following statements is correct?
    7·1 answer
  • Cost push is most likely to occur in those industries in which management or labor is so strong that it can dictate prices. True
    7·1 answer
  • A) provide funding flexibility to the purchaser.
    12·1 answer
  • Krepps Corporation produces a single product. Last year, Krepps manufactured 26,160 units and sold 20,900 units. Production cost
    13·1 answer
  • on an annal basis, the first set of expenses is ____% of the second set of expenses. MAria spends 17 dollars on lottery tickets
    12·1 answer
  • A policymaker who assumes that the effect that a policy has on one person will be the same effect that the policy will have on a
    6·1 answer
  • An insurance company is analyzing the following three bonds, each with five years to maturity, annual interest payments, and is
    6·2 answers
  • PLZZZ HELP!!!
    12·1 answer
  • Which payment option takes money out of your bank immediately?.
    12·1 answer
  • . ________________ people are cast in commercials that seek to emphasize trustworthiness, whereas ________________ people are ca
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!