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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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The government’s budget is balanced when the Revenue and expenditures are sitting on a balance at the same level. Option B is correct.

<h3>What is government budget?</h3>

A government budget is a document created by the government or the other political institution that outlines anticipated tax revenues and proposed expenditure for the new financial year.

The budget is introduced to the legislature in most parliamentary systems, and it typically involves authorization.

Provided that the box dimensions symbolize the lengths of a state's revenues and expenditures, and that the two sizes are equivalent, the budget is called the balanced budget, as Revenue=Expenditure.

If in the second condition, if the two sizes are not equivalent then the budget would be called as the unbalanced budget, and then deficit will occur if the expenditure > revenue and the Surplus will make if revenue > expenditure.

Therefore, option B is correct.

Learn more about the budget, refer to:

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3 years ago
Create your own WBS is for a project by using the mind-mapping approach. Break at least two level two items down to level four.
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Finding hidden patterns and relationships in customer data is called data
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The answer is A
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Answer:

nothing nothing nothing nothing

Explanation:

nothing

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4 years ago
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