All categories

3 years ago

A change in the price of a good has two effects on the quantity consumed. What are these effects?

Business

1 answer:

ipn [44]3 years ago

8 0

Answer:

The answer is B

Explanation: This because when we consume something it goes while if we do not the price goes down.

You might be interested in

How do you join olympics distance track team

GalinKa [24]

Find a personal trainer and talk to them about it

8 0

3 years ago

Read 2 more answers

Isabella loves Coca Cola products. She has several memorabilia from her visit to the World of Coca Cola proudly displayed in her

lutik1710 [3]

Answer:

The correct answer is Brand Loyalty.

Explanation:

Brand loyalty is one of the factors that most helps explain why consumers choose one brand or another among all the options offered by the market. According to Jensen and Hansen (2006), the organizations with the most loyal customers have a high market share, which in turn translates into greater profitability. This explains, in part, the growing interest that is evident today in the study of this topic.

5 0

4 years ago

Dartmouth Assessment Centre screens and trains employees for a computer assembly firm in Halifax. The progress of all trainees i

alexdok [17]

Answer:

Discourage Torri from continuing. Encourage Julie to continue.

Explanation:

The progress of all trainees is tracked. Those not showing good progress are moved to less demanding programs. This means that there is hope of still doing/getting a job, if they don't pass this test.

REQUIREMENT: By the 10th time doing the test, trainees must be able to complete the task in a maximum of 1 hour.

1st Trainee: Torri Olson-Alves

5 hours on Unit 4; 4 hours on Unit 8

Should Torri be encouraged to continue? NO.

There are 10 units or repetitions in all. If Torri spends 5 hours on Unit 4 and spends 4 hours on Unit 8, then Torri is slow or isn't making much progress. After 4 repetitions, her marginal product only increased by an hour. She most likely won't make it to 1 hour by the 10th repetition.

2nd Trainee: Julie Burgmeier

4 hours on Unit 3; 3 hours on Unit 6

Should Julie be encouraged to continue? YES.

Julie makes a progress of 1 hour after 3 repetitions. We can predict that after another 3 repetitions (on Unit 9) progress would be made again and by Unit 10, she would have met the required benchmark.

3 0

3 years ago

Jason works at a call center for an insurance company, and he has been answering calls regarding auto insurance. Recently, he st

patriot [66]

Answer: D) pay-for-knowledge

Explanation:

Pay-for-knowledge is known to be a form of pay system in which workers after furthering their education and obtaining special academic accomplishment and skill development are recompensed by employers through compensation. The employees after the training get to do more responsibilities and projects in the company due to the new knowledge acquired. Furthermore, this motivates employees to improve their educational attainment and skills. Thus, the form of compensation is usually a higher pay in income.

3 0

3 years ago

Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions

Bond [772]

Answer:

1. Suppose Quantity of Apple sold in year one & two = 100Kg.

Price in year 1 = $1.50 per kg

Price in year 2 = $3.00 per kg

Nominal GDP 1 = Price * Quantity = 1.50*100 = $150

Nominal GDP year 2 = 3*100 = $300

Change in Nominal GDP = $150

Percentage change in Nominal GDP = 100%

b. Real GDP of year 1 = Nominal GDP of year 1 = $150

Real GDP of year 2 = 1.50*100 = $150

Change in Real GDP = 0%

2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units

a. Nominal GDP year 1 = 1*100+1.5*100 = $250

Nominal GDP year 2 = 2*100+3*100 = $500

Percentage change in Nominal GDP = 500-250/500 * 100 = 100%

b. Real GDP year 1 = $250

Real GDP year 2 = 1*100 + 1.5*100 = $250

Percentage change in Real GDP = 0%

6 0

3 years ago

A change in the price of a good has two effects on the quantity consumed. What are these​ effects?

A change in the price of a good has two effects on the quantity consumed. What are these effects?