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
STatiana [176]
2 years ago
10

What is the substitution effect? A. All goods have a substitute, and the rise in price for substitutes causes a rise in supply f

or goods. B. When the price of one good falls, the demand for complements for that good rises, and vice versa. C. When the price of one good rises, the demand for substitutes for that good rises, and vice versa. D. All goods have a complement, and the rise in price for substitutes causes a fall in supply for goods.
Business
2 answers:
dmitriy555 [2]2 years ago
8 0

Answer:

C. When the price of one good rises, the demand for substitutes for that good rises, and vice versa.

Explanation:

substitution effect is the term given to the situation where when the price of one good rises, the demand for substitutes for that good rises, and vice versa.

The substitution effect can be defined as the decrease in demand for a product that can be attributed to consumers switching to cheaper alternatives when its price rises.

In summary, demand for a product's substitute rises when its price rises and its demand falls

There are several reasons why a product may lose market share but the substitution effect is purely a reflection of frugality. If a brand raises its price, consumers will generally switch to a cheaper alternative. If beef prices rise, many consumers will start eating more chicken instead.

bekas [8.4K]2 years ago
4 0

Answer:

C. is correct

Explanation:

When the price of one good rises, the demand for substitutes for that good rises, and vice versa

You might be interested in
Flora, who owns and operates garden fresh organic farms, agrees to sell harvesters grocery a minimum quantity of fresh fruits an
Rina8888 [55]
<span>Breached. Explanation: A contract is a legally binding agreement between two parties. Once an agreement is signed between two parties, both parties are subject to terms and conditions written in the agreement. As in the above example, Flora agrees to sell harvesters grocery a minimum quantity of fresh fruits and vegetables every week for three months, that means Flora is subject to the agreement that she will sell that no matter what the future market price will be, whether it increases or decreases. As Flora decides not to deliver the agreed order, it is a violation of terms and conditions of the agreement/contract. So the contract is breached.</span>
7 0
3 years ago
You are the manager of a retail store. You believe the economy is in a recession and that sales for the month will be unusually
Naya [18.7K]

Explanation:

In the scenario described above, it can be identified that the behavioral characteristic of the manager is that he is an aggressive person.

This type of behavior has as main characteristics the expression of your ideas, needs and feelings to the detriment of those of other people, this can be seen in the question in the excerpt that says that the manager made an important decision for the business without consulting his superiors because you believe they feel the same way about the economy as you do.

Although this aggressive behavior can sometimes be expressive, it can also lead to hostility.

6 0
3 years ago
According to O*NET, what are common tasks performed by Tour Guides? Check all that apply. purchasing airline tickets for tour gr
alexgriva [62]

Answer:

maintaining equipment

shepherding tourists and luggage

socializing

setting up meals

Explanation:

ITS RIght i just did it good luck n e ways stan dkb and stan conan gray

6 0
2 years ago
Read 3 more answers
A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming s
Artemon [7]

A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming sales meeting is using Coercion type of political behavior.

<h3>What is Coercion behaviour?</h3>
  • Coercion is the use of threats, especially physical threats, to induce an unwilling action from a party.
  • It entails a series of coercive behaviors that go against an individual's free will in an effort to elicit the desired response.
  • Extortion, blackmail, or even torture and sexual assault are examples of these activities.
  • Coercion occurs when someone is threatened with violence if they refuse to sign a contract.

Elements of Coercive Practices Proof

  • Damaging, endangering, or threatening to harm.
  • Both directly and indirectly.
  • Any party or that party's property.
  • Unfairly sway a party's course of action.

Learn more about coercion here:

brainly.com/question/14292154

#SPJ4

5 0
2 years ago
Penguin Island produces two goods: ice and genetically engineered fish. Due to recent technological advances, its economy has ex
Vadim26 [7]

Answer:

1. Point on x-axis will increase and so will the point on the y-axis

2. All of the above

Explanation:

1. The Production Possibilities Frontier shows the amount of resources needed to produce different quantities of two goods. It therefore allows one to see the trade-off in resources for producing more of one good vs the other.

When a factor of production leads to more efficiency in the production of a good, the frontier will increase. In this scenario, there has been a growth in technology which means that more of both goods can be produced. This will increase the PPF on both axis. (Refer to attached file).

2. All of the listed options have led to increases in the standard of living in the last century. More education means people can get better jobs and build more infrastructure. International trade has increased market access and increased wealth. Farm productivity is better so more people can be fed and improvement in technology is the main driver for growth.

4 0
2 years ago
Other questions:
  • Suppose the spouse of the primary earner in the household is considering joining the labor force. The spouse currently cares for
    11·1 answer
  • Motor vehicle drivers paying for the full cost of the harmful effects of fossil fuel use is the application of the ____.
    13·1 answer
  • Suppose you need $1 million dollars to start your dream business. Describe two ways you would generate the funds needed to start
    13·1 answer
  • Aubey Aircraft recently announced that its net income increased sharply from the previous year, yet its net cash flow from opera
    7·1 answer
  • The cash account for American Medical Co. at April 30 indicated a balance of $89,775. The bank statement indicated a balance of
    6·1 answer
  • The difficulty of the ___________estimate is that the measure of remaining budget changes depending on whether you are currently
    10·1 answer
  • The deadweight loss associated with a monopoly occurs because the monopolist:_______
    5·1 answer
  • Which type of externality is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-po
    8·1 answer
  • Why do people donate to charitable organizations? Choose three answers.
    13·2 answers
  • A(n) _____________ assists in decision-making by considering the product/service, market, industry, and financial data.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!