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ivann1987 [24]
3 years ago
5

The price of bread goes up. What happens to DEMAND for butter?

Business
1 answer:
nikklg [1K]3 years ago
3 0

Answer:

A. The demand curve shifts to the left

Explanation:

Bread and butter are compliment goods. They offer the consumer a high utility when consumed together. An increase in demand for bread will increase the demand for butter.  Changes in the price of bread will affect the demand for butter.

An increase in the price of bread leads to a decrease in demand. Reduction in bread demand means that butter consumption will decline as there will be less bread to apply butter. A decrease in demand will prompt the demand curve to shift inwards.

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nikdorinn [45]

Answer: 15 million people were employed.

Explanation:

Hi, to answer this question we have to multiply the adult population (25,000,000) by the labor-force participation percentage in decimal form (divided by 100).

Mathematically speaking:

25,000,000 x (60/100) = 25,000,000 x 0.6 = 15,000,000 people

15 million people were employed.  

Feel free to ask for more if needed or if you did not understand something.

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rewona [7]

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awareness training

Explanation:

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Hatshy [7]

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an externality

Explanation:

Externality -

It is the cost or the benefit received by the third party , is known as externality .

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The externality can be negative as well as positive and can arise from the production or consumption of the services and goods .

hence , the correct term fro the given statement is an externality .

5 0
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Suppose your college institutes a new policy requiring you to pay for a permit to park your car in a campus parking lot. a. The
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Answer:

d. The cost of the parking permit is part of the opportunity cost of attending college if you would not have to pay for parking otherwise.

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