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Alchen [17]
3 years ago
12

Two goods are considered to be related goods by many buyers: if the price of one increases, buyers buy more of the other. This i

ndicates that the two goods are complements.
(A) True
(B) False
Business
1 answer:
vovikov84 [41]3 years ago
3 0

Answer: False.

Explanation:

False.

This indicates that the two goods are substitute goods, not the complementary goods.

In case of complementary goods, the price of one good is inversely related with the demand for other related good. For example, car and petrol; if the price of petrol increases as a result demand for cars decreases.

In case of substitute goods, the price of one good is directly related with the demand for other related good. For example, tea and coffee; if the price of coffee increases as a result demand for tea increases. So, there is a positive relationship between the price of one good and demand for the other good.

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insens350 [35]

Answer:

a. Mr Smith's orange business because it's a small fraction of the economy

3 0
3 years ago
Guy​ Ferrell, a student who lives in the country​ Paragon, observes that analysts are cutting their growth forecasts for the eco
Rama09 [41]

The correct answer to this open question is the following.

The statement, if​ true, that would explain the​ analysts' predictions would be "the Producer Price Index has been steadily increasing over the past few months."

That is what would have been the factor that supports the forecast. Although inflation has been constant at low levels, what changed was the Producer Price Index that is moving up. This factor could modify the results despite inflation is stable at this moment. When inflation is high, it directly affects the price of goods and the consumer.

5 0
3 years ago
Additional paid-in capital is most likely to appear on the balance sheet of a corporation that:
ArbitrLikvidat [17]

Answer:

b. has no-par value stock.

Explanation:

Additional paid-in capital represents the amount of money that shareholders have paid for their shares of stock, in excess of the par value of the stock. This is most likely to occur with no-par value stock, which has no set value assigned to each share.

7 0
2 years ago
A potential obligation that depends on the future outcome of past events is a contingent liability. true false
stiks02 [169]

Answer:

TRUE

Explanation:

A potential obligation that depends on the future outcome of past events is a contingent liability!

- An obligation is something that is to be done

- A potential obligation is a thing or activity that is among the options of stuff that can be done

- When something depends on the future outcome of past events, it introduces or carries with it, the cost of waiting (for future outcomes)

- A contingent liability is something that poses probability of loss instead of gain. The opposite of liability is asset.

So in business, a potential obligation or action that depends on the future outcome of past events is a contingent loss rather than gain.

3 0
3 years ago
Which description BEST applies to today's U.S. worker? Question 1 options: a) working more at the office, leaving home for fun b
Galina-37 [17]

Answer:

Option C. working harder and longer, feeling more insecure

Explanation:

The reason is that the increase in automation has resulted in increase in unemployment and the result is that their is huge decrease in the jobs and the jobs that were previously unfilled are now filled due to increase in unemployment. Furthermore, this lead to increased bargaining power of the company position against the job seeker. This resulted in decrease in the wages of the employees as well.

All of the above issues resulted in increased hardwork desires of companies and insecurity of the people of America.

8 0
3 years ago
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