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zloy xaker [14]
3 years ago
9

4. If a decrease in the price of one product results in an increase in demand for another product, then the product is:

Business
1 answer:
torisob [31]3 years ago
4 0

Answer:

Substitute goods

Explanation:

Substitutes goods are products that can be used in place of one another. Consumers will be happy consuming either of the substitute goods. Therefore, substitute goods are similar and offer solutions to similar customer problems. Examples of substitute goods are tea and coffee.

If the price of one substitute good decreases, its demand will rise. Customers will prefer consuming that product over its substitutes due to its lower prices. The demand for other substitute goods will decrease as customers prefer the more affordable options.

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Explanation:

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Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di
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e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200

Credit Paid in capital in excess of par value(Common stock) $14,080

Explanation:

The journal entry is as follows:

Retained earnings (3,520 shares × $14)

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At the beginning of 2020, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp
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$2,210,126

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Estimated Warranty Liability=$2,210,126

Therefore The amount reported on Sun Angel's 2020 year end balance sheet for Estimated Warranty Liability is:$2,210,126

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3 years ago
Jake owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bot
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Ex: If the double value is 3.1, then the output is: 3.

Explanation:

<h2>plz bhai mera answer ko brainliest kar do..</h2>
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3 years ago
What is the incremental manufacturing cost incurred if the company increases production from 20,000 to 20,001 units? 2. What is
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ik it is is is Answer:

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