1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lesechka [4]
3 years ago
7

All of the following pairs of goods are substitutes except A. we observe the price of automobiles decreases and the demand for p

ublic transit decreases. B. we observe the price of bacon increases and the demand for eggs decreases. C. we observe the price of coffee increases and the demand for tea increases. D. we observe the price of tennis racquets decreases and the demand for golf clubs decreases.
Business
1 answer:
son4ous [18]3 years ago
6 0

Answer:

Option B: We observe the price of bacon increases and the demand for eggs decreases.

Explanation:

Substitute goods are a defined as goods that has near or a close replacement for each another that is the increase in price leads to an increase in demand for the goods. In substitute goods, price of one good and the quantity demanded of a related goods move in different (opposite) directions. Thus the answer of bacon and egg are as two goods are not substitutes.

A Common example of Substitute Goods includes; margarine and butter, turkey and chicken e. t. c.

You might be interested in
Which of the following bank services pays the customer compound interest?
Gnom [1K]
Based on the given question above, the correct answer for this would be option C. The bank service that pays the customer compound interest is a saving account. <span>A </span>savings account<span> is an interest-bearing deposit </span>account<span> held at a </span><span>bank. Hope this is the answer that you are looking for. Have a great day!</span>
4 0
3 years ago
Aggregate Demand is everything produced while Simple Demand is one good. Which statement reflects Aggregate Demand?
lys-0071 [83]
Calculating real output
8 0
3 years ago
A vacant lot acquired for $115,000 is sold for $298,000 in cash. What is the effect of the sale on the total amount of the
Artemon [7]

Answer:

+$183,000

$0

+$183,000

Explanation:

Total assets increased by ($298,000 - $115,000) $183,000.

Total liabilities has no change

Total shareholder equity increased by ($298,000 - $115,000) $183,000.

4 0
3 years ago
What is a natural monopoly?
Lubov Fominskaja [6]

Answer:

D. A monopoly that results when one firm is able to produce at a lower cost than multiple firms, giving large firms with higher levels of output an advantage over smaller competitors.

A. Municipal Power Light, the local supplier of electricity.

Explanation: A natural monopoly is a monopoly enjoyed by a firm due to its large nature through which it is able to enjoy Economies of scale and produce at a reduced cost which other companies are unable to meet up with.

WITH A NATURAL MONOPOLY, A FIRM HAS A CONTROL OVER THE PRICE OF THE PRODUCT PRODUCED AND SERVICE RENDERED AS THERE ARE NO CLOSE SUBSTITUTE.

The municipal Power light, the local supply of power is an example of a firm that can enjoy Natural monopoly.

6 0
3 years ago
Scope creep refers to: a. a task at the lowest level of the WBS. b. the approved project scope statement and its associated WBS.
gogolik [260]

Answer:

The Answer is d. the tendency for project scope to keep getting bigger and bigger.

Explanation:

A scope  refers to all the work involved in creating the products of the project and the processes used to create them.

A scope creep refers to changes, continuous or uncontrolled growth in a project's scope, at any point after the project begins. This can occur when the scope of a project is not properly defined, documented, or controlled.

Hence the answer is d. the tendency for project scope to keep getting bigger and bigger.

6 0
3 years ago
Other questions:
  • olivia wants her online business to be successful. she is setting goals. which of these would be best for Olivia to do? A) write
    12·1 answer
  • Mary magnolia has variable costs equal to y2/f, where y is the number of bouquets she sells per month and where f is the number
    13·1 answer
  • WILL GIVE BRAINLIEST, PLEASE HELP ASAP!
    5·2 answers
  • ABC Company has the following amounts in its multiple step income statement: revenues of $5,000; operating expenses of $4,000; a
    8·1 answer
  • XYZ Company is in the process of issuing bonds. The bonds have a stated interest rate of 4%, which is 2% below the current marke
    6·1 answer
  • What is the function of a licensing agreement?
    9·1 answer
  • I really need help, What are the five foundations? Include purpose/ importance of each step
    5·1 answer
  • On January 1, 2016, Hage Corporation granted incentive stock options to purchase 21,500 of its common shares at $10 each. The op
    12·1 answer
  • Manufacturing activities consist of materials, production, and sales activities. The materials activity consists of the purchase
    8·1 answer
  • Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which workers can b
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!