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PtichkaEL [24]
2 years ago
10

With an aim of a diagram, distinguish between the income effect and substitution effect of change in price of a normal good​

Business
1 answer:
Nana76 [90]2 years ago
4 0

Hello. You did not present a diagram to which the question refers. However, I will try to help you in the best possible way.

The income effect is the term related to the increase or decrease in the consumer's purchasing power in relation to the fluctuation in the price of consumer products and the value of the national currency. On the other hand, the substitution effect refers to the impact between the variation of the consumers' income value and the product's prices.

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A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two in
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In what way is the HR function important to the success of the everyday tasks in an organization? Discuss the competitive advant
pentagon [3]

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Read 2 more answers
Contingent Liabilities must have the following criteria (select all that apply): Select one or more: A. The obligation is certai
Leya [2.2K]

Answer: Option B and C

                                     

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3 0
3 years ago
Adam’s Computer Shop had the following transactions last week. Record the general journal below.
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Answer:

Oct 1

Dr Supplies $620

Cr Accounts Payable $620

Oct 6

Dr Cash $350

Cr Fees Earned $350

Octd 7

Dr Equipment $2500

Cr Cash$900

Cr Accounts Payable $1400

Oct 9

Dr Accounts Payable $620

Cr Cash $620

Explanation:

Preparation of the journal entries

Oct 1

Dr Supplies $620

Cr Accounts Payable $620

Oct 6

Dr Cash $350

Cr Fees Earned $350

Octd 7

Dr Equipment $2500

Cr Cash$900

Cr Accounts Payable $1400

($2,500-$900)

Oct 9

Dr Accounts Payable $620

Cr Cash $620

4 0
3 years ago
A customer value proposition is a unique strength relative to competitors that provides superior returns, often based on quality
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Explanation:

<u>Product protocol</u> is also termed as <u>Product definition ,Product requirement,Product deliverables.</u>

<u />

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<u>The Product Protocol can be said to be a written document or statement  that is required by the various division of a company (like the R&D,Marketing,procurement,production departments)</u>

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