All categories

3 years ago

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.

You might be interested in

Nick has a goal to pay his credit card balance in full by June 30. When he first wrote the goal in December, his balance was $2,

Sliva [168]

Nick paid around $383.00 per month on his credit card. He should've paid $400.00 a month

3 0

2 years ago

Read 2 more answers

On January 1 of this year, Barnett Corporation sold bonds with a face value of $ 500,000 and a coupon rate of 7 percent. The bon

adoni [48]

Case-A

par value of bonds 500000

The stated rate of interest 7%

The market rate of interest 7%

As stated and the market rate of interest is equal, the bonds are issued at par value.

Therefore,

Cash received from issuance of bonds 500000

Interest expense (500000*7%) 35000

Cash paid for interest in Year-1 35000

Cash paid fat Maturity 500000

A market economic system is a monetary gadget where forces, called supply and demand, direct the production of goods and services. marketplace economies aren't managed through a government (like a central authority) and are instead based on voluntary exchange.

A market economic system is a financial machine in which the choices concerning investment, production, and distribution to the clients are guided with the aid of the fee indicators created with the aid of the forces of delivering and call for, wherein all suppliers and purchasers are unimpeded by way of charge controls or restrictions on contract freedom.

A marketplace is defined because of the sum general of all the buyers and dealers inside the region or area below consideration. The vicinity may be the earth, or international locations, regions, states, or cities. The cost, value, and charge of gadgets traded are as consistent with forces of delivery and demand in a marketplace.

Learn more about market here brainly.com/question/906651

#SPJ4

6 0

1 year ago

During which time period was the annual rate of increase of the speed the greatest? a) from year 1 to year 2 b) from year 1 to y

muminat

The annual rate will increase with the greatest speed from year 1 to year 3.

<h3>What is the growth rate?</h3>

A growth rate is the proportion that changes the price of all goods and services produced in a country over a specific time period in comparison to a previous period.

The growth rate is used to measure the comparative fitness of an economic system over time. The numbers are commonly compiled and announced quarterly and annually.

From 1948 to 2021, the GDP Annual Growth Rate in the United States averaged 3.14 percent, with an all-time high of 13.4 percent in the fourth sector of 1950.

From the above declaration, it's clear that choice C, year 1 to year 3, is the proper option.

Learn more about Growth rate, refer to:

brainly.com/question/13776641

4 0

1 year ago

Suppose the consumer price index in 2010 was 100 and its corresponding basket of goods was $23,000. if that same basket of goods

Musya8 [376]

The value of the CPI in 2006 is 82.61.

<h3>What is the value of the CPI?</h3>

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Inflation is when there is a persistent rise in the general price levels.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

2010 is the base year because its CPI is 100.

(19,000 / 23,000) x 100 = 82.61

To learn more about consumer price index, please check: brainly.com/question/26382640

#SPJ1

3 0

2 years ago

A woman is shopping with her three children. She is carrying several items and does not have a shopping basket. She is still bro

dlinn [17]

Answer: The women customer either complain to the supervisors to address her issue immediately nor the employee should apologize to the woman and provides a shopping basket to her.

Explanation:

In every supermarket, All employees of the shop have the duties and responsibilities to serve the customers' needs without any delay in time. Consumer rights should be always ensured to protected in all the shops irrespective of the size of the business as well the employees count. The consumer has all rights to raise the complaint to the direct supervisors in the market.

In this case, Woman's customer has experienced the pain as she cannot able to get a basket to hold the items. As she needs to take care of her children, Her request needs to fulfilled without any delay. Mutual consent with the ethics of the shop needs to tie up the bonding relationship between employees and consumers. At last, if the employee apologizes for her mistake and helps the woman by providing basket will end in the peaceful business transactions in the supermarket.

3 0

3 years ago