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Komok [63]
3 years ago
13

What happens to the demand for

Business
1 answer:
Ket [755]3 years ago
7 0

Answer:

Demand decreases

Explanation:

Substitute goods are products that can be used in place of each other. Goods are described as substitutes if a customer can use them interchangeably and get equal or almost the same satisfaction. Tea and coffee will be substitutes if a customer can consume either of them and be happy.

If the price of a substitute good declines, customers will prefer consuming it instead of the other product. The other product's demand will decrease due to a change in customer preferences as a result of a lower price.

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nignag [31]
The answer to this question is <span> B) the classical economists.
Classical economist based their assumptions on the view that market will always find a way to regulate itself without any external intervention.
In reality, many private establishments often exert their power to control a specific resource in the market in order to rake in more profit (such as what monopolist do)</span>
8 0
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Is the cost of equity calculated from the CAPM model, pre -tax or post-tax?
Natasha_Volkova [10]
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3 years ago
A pay policy line Question 36 options: can be generated using a statistical method called regression analysis. can seldom provid
pentagon [3]

Answer:

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Explanation:

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Salsk061 [2.6K]

That statement is true

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