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posledela
3 years ago
9

How do compliments and substitutes affect demand ?

Business
1 answer:
pashok25 [27]3 years ago
5 0
When examining how price and demand changes will affect markets, it is important to consider how various goods are related. We can separate goods into 2 basic types: substitutes and complements. ... When the price increases for one good, the demand for the substitute will increase (assuming that price remains constant).
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In a certain grocery store, strawberries cost $4.32 per pound ( 4.32 dollars/lb ). what is the cost per ounce? express your answ
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Using unit conversion, the price of strawberries is $0.27 per ounce.

The conversion of measurement unit is the process of converting different units of measurement for the same quantity, using the multiplicative conversion factors that change the measured quantity value without changing its effects.

Common units for weight and their shorthand are:

- Pound (lb)

- Ounce (oz)

- Kilogram (kg)

- Gram (gm)

The conversion factors:

1 lb  =  16 oz  =  0.45 kg =  453gm

1 oz  =  0.063 lb  =  0.03 kg =  28 gm

1 kg  =  2.2 lb =  35 oz

1 gm = 0.001kg = 0.04 oz

Information from the problem:

The strawberries cost:

$4.32 per pound = $4.32 per 16 oz

                            = $4.32/16 per oz

                            = $0.27 per oz

Read more about unit conversion here:

brainly.com/question/4158962

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Answer:

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