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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.

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The price elasticity of supply is affected by
valentina_108 [34]

Answer:

B. the passage of time. 

Explanation:

Price elasticity of supply measures how sensitive quantity supplied are to changes in price.

Price elasticity of supply is determined by the passage of time.

Typically, in the short run, the elasticity of supply is usually inelastic. Prices do not usually impact quantity supplied because in the short run, some of the factors of production are fixed. But in the long run, the price elasticity of supply are more elastic.

The other factors listed above in the options affect the price elasticity of demand.

4 0
3 years ago
All employees at Wally World Amusement Park are required to work on weekends because that is 80% of the customers visit the park
Paladinen [302]

Answer:

No, the park must not accommodate his request

Explanation:

Employees of any organization are usually given a letter of appointment which states amongst other things, the requirements of the place of employment.

Wally world has clearly stated that working on weekends is a company REQUIREMENT.

So Alex going to Church on Sunday which is his preference should not stop him from fulfilling his work place requirement

8 0
4 years ago
Read 2 more answers
An American executive is going on a business trip to Japan and England. Before she departs, she purchases $10,000 worth of Japan
Sedbober [7]

Answer:

The correct answer is $907.76.

Explanation:

According to the scenario, computation of the given data are as follow:-

1¥ = 82.54$

1£ = 132.03¥

Convert pounds to us dollars= £ ÷ $ = £132.03 ÷ $82.54

= 1.60$ ÷ £

Mean, 1£ = 1.6$

She has £567.35 .

After converting the pound into the dollar, she will receive = £567.35 × $1.60

= $907.76

Hence, she receive $907.76 if she sells the pounds.

3 0
3 years ago
______________ is when a product is included inside a TV show or movie. A. Product placement B. A commercial C. Promotion D. Ins
Bogdan [553]
I think its A product placement.. its when for example in a Tv show someone drinks coca cola, its so people see it and then they might buy it even though they dont know its hidden advertisement
7 0
3 years ago
Suppose the current reserve ratio is 25% and the level of checkable deposits represents total reserves. If the Federal Reserve l
pashok25 [27]

Answer:

Answer is $1,365.3 billion, 5.

Refer below.

Explanation:

Suppose the current reserve ratio is 25% and the level of checkable deposits represents total reserves. If the Federal Reserve lowered the reserve ratio to 20%, excess reserves are now $1,365.3 billion and the money multiplier is 5.

6 0
3 years ago
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