Answer:
Substitutes
Explanation:
Competition in business occurs when a two companies produce and sell similar product. It is further grouped into direct and indirect competition.
While direct competition occurs between companies producing almost the same products , for example breweries producing beers , indirect competition happens between companies selling goods that are not directly similar but can also be used to achieve the same purpose if the other good is not available. Indirect competitors always have a way of sharing or winning over potential customers.
Answer:
Q = 10
Explanation:
Assuming that supply remains the same, the new supply and demand equations are, respectively:
The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:
The new equilibrium quantity is Q = 10.
2016 claims the full $2,500<span> deduction if your modified adjusted gross income is </span>$65,000<span> or less. The deduction is gradually reduced when your modified adjusted gross income is between </span>$65,000<span> and </span><span>$80,000</span>
The type of fiscal policy which might be most effective in correcting this problem is:
- <u>C) Increasing government spending in order to increase aggregate demand.</u>
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According to the given question, we are asked to state the type of fiscal policy which might be most effective in correcting this problem of the village which loses its aggregate output.
As a result of this, we can see that the fiscal policy which can solve this problem is by increasing the government spending so that the aggregate demand would be <em>increased</em>.
Therefore, the correct answer is option C
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Answer:
The market for tennis shoes is in equilibrium. If the government increases business taxes, then we would expect to see a decrease in supply.
Explanation:
When a market is in equilibrium, a situation occurs in which the quantity demanded and the quantity supplied are the same, with which there is neither a surplus nor a shortage in supply and demand.
Now, in the event of an increase in taxes that would increase the cost of production and the final price of the product, the quantity supplied will tend to decrease, since a smaller quantity of products will be produced for the same amount. Likewise, the final price will tend to rise, with which demand will also fall, finding a new equilibrium point.
