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lidiya [134]
3 years ago
12

Bob Bungler, owner of Bungler Appraisals, has received an assignment to appraise a property located in a small town that has one

large employer, the Wile E. Coyote Advertising Agency, Inc. Wile E. Coyote employs a very large number of local residents. Bob just read in the paper that the advertising firm is planning to move their offices and video productions to a distant larger metropolitan area over 500 miles away resulting in significant local layoffs which will have a serious impact on the local economy based on this valuation principlea. Principle of Supply and Demand b. Principle of Substitution c. Principle of Anticipation d. Principle of Competition
Business
1 answer:
umka2103 [35]3 years ago
3 0

<u>Answer:</u>

<em>(A) Principle of Supply and Demand </em>

<u>Explanation:</u>

In economic theory, the law of the organic market is viewed as one of the significant standards administering an economy. It is depicted as the state though supply expands the cost will in general drop or increase, and as request builds, the price will in general increment or the other way around. The increase in demand is equivalent to moving the blue line to one side. A model would be twice the same number of clients needing to purchase the item because of good verbal exchange and promoting.

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The answer is \$1,200,000"".

Explanation:

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Anthony’s rate of pay is $8.36 per hour. Last week, Anthony worked 33 hours, What is the gross pay for the week for Anthony?
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What six factors are found in every type of economy
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producers, distributors, consumers, labor, resources, and capital

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Flooding and wet weather are so costly to agricultural land because they cause delays in and reduction of crop harvest.

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3 years ago
If a decrease in income increases the demand for a good. True or False
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Answer:

If a decrease in income increase the demand for a good , the good is an inferior good.

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Normal goods have a direct relationship with income.

A substitute good is a good that can be used in place of another good. For example if good A and B are substitutes, if the price of good A increases, it would become more expensive for consumers and consumers would shift to consuming good B. As a result the demand for good B would rise and the quantity demanded of good A would fall.

Complements are goods that are used together. If the price of one of the goods increases, the demand for the other good falls and vice versa.

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I hope my answer helps you

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