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kvv77 [185]
2 years ago
8

Gasoline and bicycles are substitutes in consumption. Suppose we increase the federal gasoline tax to $1 per gallon.

Business
1 answer:
marin [14]2 years ago
8 0

If the federal gasoline tax increases to $1 per gallon, the gasoline price rises, demand for bicycles shifts rightward.

Option B

<u>Explanation:</u>

If the price of gasoline increases, then probably there will be a decrease in the consumption of the same as a result of which the demand for the substitute product, bicycle increases.

Demand curve a graphical representation of changes in the product or service demanded along with the changes in the cost or price of the service or product. Increase in the demand for a product, is generally represented by the rightward shift in the demand curve.

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A farmer sells $50,000 worth of apples to individuals who take them home to eat, $75,000 worth to a company that uses them all t
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The answer is: $150,000

Explanation:

The GDP includes all the final, finished and legal products produced in the country during a year.

The apples sold directly by the farmer to individual consumers and the apples the grocery store sells to households are both going to be included in the GDP.

The only apples not included in the GDP are the once sold to the company that produces apple juice, since they are intermediate goods and not finished goods.  

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Which of the following skills are
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A. organization

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a secretary writes the minutes during a meeting and also schedules the meetings for his boss therefore he/she must be organized for the work to be done efficiently.

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2 years ago
When a country's economy is producing at a level that exceeds its potential gdp, the standardized employment deficit will show a
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<u>smaller deficit</u>.

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Hershey has traditionally made its Kisses from solid milk chocolate. When Hershey came out with Kisses with almonds in them, thi
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Continuous Innovation.

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This is simply known go be continuous improvement which explained as development to produce a positive result over time.

It is an iterative process of incorporating both modest, incremental and radical revolutionary improvements in processes, product designs, services and technologies.

Continuous innovation seeks not to just fulfill expectations but also create products and services that provide only imagined functions or even entirely unexpected revolutionary changes.

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The Home-baked bread company and Ike share something in common which is the fact that Ike is an employee of the company and also he is to be paid by the company.

As an employee of the bread company, they still control Ike's job role and can decide to vary or maintain his current job role depending on what the company desires to achieve. Also if he doesn't meet up to some target he can still be laid off, due to the fact that he is still on his trial period.

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