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Lesechka [4]
2 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]2 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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Arlecino [84]

Answer:$74

Explanation: it's the average of the last three payments, plus somebody said it on Yahoo answers so it has to be right

4 0
3 years ago
A five-year project is expected to generate revenues of $120,000, variable costs of $72,000, and fixed costs of $20,000. The ann
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Answer: $21,880

Explanation:

First find the after tax operating income:

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7 0
2 years ago
The Coffee Express company is located in a business district with few customers on the weekend. To attract customers on Saturday
emmainna [20.7K]

Answer:

c. dynamic pricing.

Explanation:

Dynamic pricing is when the price of a product is not fixed but flexible. Prices change based on changes in demand. It is also known as surge pricing or demand pricing.

The Coffee Express company reduces its prices on the weekends due to a fall in demand. This is Dynamic pricing.

Cross price elasticity measures the degree of responsiveness of quantity demanded of a good to changes in the price of another good.

The income effect measures how consumption and demand for a product changes when real income changes.

The substitution effect measures how a consumer subsistuites one good for another good when there's a change in price.

5 0
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Based on the information in the article, which title would be most appropriate?
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Answer:

Common evaluation criteria include: purpose and intended audience, authority and credibility, accuracy and reliability, currency and timeliness, and objectivity or bias.

Explanation:

3 0
2 years ago
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