Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and Oreos are complements in consumption. Suppose that the price of Oreos increases, how does this affect the market for tofu?
The correct answer is decreasing in price will increase the quantity demanded.
<h3>Why does price decrease when demand increases?</h3>
If demand does not change, there is an inverse relationship between the supply of goods and services and the price. As the supply of goods and services increases with the same demand, prices tend to fall to lower equilibrium prices and higher equilibrium quantities of goods and services.
The relationship between price and demand is negative. H. They are inversely proportional. The inverse relationship means that when the price of a product goes up, the demand for that product goes down, and vice versa. This is due to the law of reducing marginal utility.
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Answer:
The correct answer is the option B: False.
Explanation:
To begin with, the price discrimination strategy refers to a technique used by the companies in order to charge different prices to the different consumers regarding the fact of how much would they be able to pay for the product. When it comes to monopolies, a perfect price discrimination strategy would try as best as possible to capture the majority of the zone known as the <em>"consumer surplus"</em>. And that is why that a company with a perfect price discrimination would face a small deadweight loss area due to the fact that with that strategy of price the monopolist will absorve as much as possible of that area becuase the triangle is half consumer surplus and half producer surplus.
Joint ventures have access to local partner's knowledge and shared development costs and risks are advantages in this foreign market entry mode. A joint venture often gives companies access to new markets. Two or more companies come together to benefit themselves and stay their own company.
Answer:
After the borrower's next check.
Explanation:
Answer:
correct answer is American Tire is currently operating at its full capacity
Explanation:
given data
firm's sales increase by = 10 percent
growth in sales and fixed assets = 10 percent
solution
correct answer is American Tire is currently operating at its full capacity because here it is a currently operating at full capacity that is increase in the sales that is require similar increase in the fixed asset
and when it is a operating at the excess capacity then lower increase in the fixed asset is require
and when it retains all income then lower increases in the fix asset is require.
so correct answer is is American Tire is currently operating at its full capacity
