Answer:
The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.
Explanation:
In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.
Answer: initial principal
Explanation:
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.
Answer:
C. Yes, because the farmer is making a percentage of the profit
Explanation:
If the farmer is being used as sales man and is making a 50% profit on the home he sells, then this means he is an employee and to do his job the right way he needs to have a real estate licence for that.
Hope this Helps.
Goodluck.
