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telo118 [61]
3 years ago
15

Which phrase best describes the substitution effect

Business
1 answer:
kakasveta [241]3 years ago
8 0

Answer: that is being stated above is letter A. buying cheaper alternatives when a product becomes expensive. Buying cheaper alternatives when a product becomes expensive is an example of an action which best describes the substitution effect.

Explanation:

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Nuetrik [128]

Answer:

For which questions dud

7 0
3 years ago
At the beginning of the video, Priya ends her presentation by asking her colleagues to imagine "a world where you never have to
olchik [2.2K]

Kurt Lewin developed a change model that talks about creating a perception in the mind of the people that a change is needed,then taking adequate steps to bring about that change and then standardizing the new mindset .

Explanation:

Priya is exhibiting the First stage (Unfreezing)of Kurt Lewin change model.

There are three stages of Kurt Lewin Model:

  1. Unfreezing:This stage talks about changing the mindset of the people by helping them understand why change is required
  2. Changing:Taking appropriate steps to bring about the change.In this stage people resist the change because they are in a state of confusion and are very unsure about the change.
  3. Freezing:This stage involves freezing the changes that have taken place.A stage where the changes have been standardized

In the Beginning of the video Priya is talking about bringing the change ,by asking the colleagues to imagine "a world where you never have to wait in line for your groceries again!"

4 0
4 years ago
At​ Frank's Delicatessen, Frank noticed that the elasticity of customers differed in the short and longer term. Frank also notic
Juliette [100K]

Answer:

C. Negative; Positive

Explanation:

If soda and sandwiches are complementary goods, then the cross price elasticity between them is negative. Negative cross price elasticity indicates that an increase in the price of soda would result in a fall in the quantity demand for sandwiches. On the other hand, a decrease in the price of soda would result in an increase in the quantity demanded for sandwiches.

If yogurt and sandwiches are substitute goods which means that yogart can be used in place of sandwiches or sandwiches can be used in place of yogurt. The cross price elasticity between the substitute goods is positive. Positive cross price elasticity indicates that an increase in the price of yogurt would result in an increase in the quantity demanded for sandwiches. On the other hand, a decrease in the price of yogurt would result in a fall in the quantity demanded for sandwiches.

5 0
4 years ago
After putting her 1 year old boy down for a nap, a mother failed to find one of the larger beads she used to make custom jewelry
notsponge [240]
The bead may have been swallowed by the little boy being that infants tend to put anything in their mouth at that age, including objects. Anatomically you would expect it to be found in his digestive system gastrointestinal tract.

please vote my answer brainliest. thanks!
4 0
4 years ago
. _________________ results when an economy experiences high unemployment and high inflation at the same time
telo118 [61]

high prices of goods and the change of currency

Explanation:

the the government loses a huge amount of money the currency demands a high exchanging rate

6 0
2 years ago
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