Answer:
The income effect and substitution effect work in opposite directions and income effect is dominant.
Explanation:
In case of a normal good, both the income effect as well as substitution effect work in the same direction. A fall in the price of a product will increase the purchasing power of the consumer so its quantity demanded will increase.
The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.
In case of an inferior good, however, income elasticity is negative. The income effect and substitution effect work in opposite directions.
A price decrease in the case of an inferior good will increase the real income and purchasing power of the consumer. This will cause the quantity demanded of the inferior good to decline as the consumer will prefer a substitute normal good.
Answer:
The correct answer would be, Monitor.
Explanation:
Emma, the marketing manager, is constantly seeking information about her competition while looking online or speaking to people. Emma is playing the role of a Monitor.
Monitor's role is to reassure the professionals or institutions about the stability of the company. Monitor sets a close look at the competitors and the possible competition he can encounter, while working on making networks. Monitors make networks by talking to people and have a look at every possible beneficial detail. So the Marketing managers usually act as the monitors. This is because they can have all the information which is required to formulate the powerful marketing strategy for the company.
The production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is C. 5 tons of beans.
<h3>What is production?</h3>
It should be noted that production simply means the creation of goods and services for consumers.
In this case, production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is 5 tons of beans. This is because 5 tons of beans will be sacrificed to produce the pork.
Learn more about production on:
brainly.com/question/16755022
Answer: Problem-Solution
Explanation: Problem solution pattern is process of moving from a start state (problem) to a goal state (solution).
Margot starts from talking about child obesity and how this can be resolved.
