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Lera25 [3.4K]
2 years ago
9

Say the following 2 events occur at the same time: 1) an increase in the price of milk, an input in the production of cheese; 2)

a decrease in the price of bagels, a complement of cheese. The following 2 events would lead to a(n) _________ in the market price and a(n) __________ in the market quantity of cheese. 1 point indefinite change; indefinite change increase; indefinite change indefinite change; decrease indefinite change; increase decrease; indefinite change
Business
1 answer:
dsp732 years ago
6 0

Answer:

The correct answer is the following combination: Increase; indefinite change.

Explanation:

To begin with, in the microeconomics theory when it comes to the rise of the price of a product the factors of major impact will be the inputs needed in the production of final good. In this particular case, the fact that the price of the milk has increased it will afect directly the price of the cheese in a matter of going up. And that consequently will afect the quantity demanded by going down. However, due to the fact that now the price of the bagels, a complement of the cheese, has gone down then it is indefinite to known what will happen to the quantity demanded of the cheese due to the fact that this last factor will impact it positively. So in the end, the two situations affect the quantity to a matter of indefinite change.

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Phil Graves Cemetery had 63,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the f
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Answer:

Dividends for the year $63,000

Explanation:

Phil Graves Cemetery

Jan. 1 Shares issued and outstanding 63,000

June 1 2-for-1 stock split x 2

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Therefore the amount that Graves should report as dividends is $63,000

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2 years ago
One of the three economic questions deals with deciding
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Answer:

E. Cultural pollution.

Explanation:

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3 years ago
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The operation and maintenance of a company warehouse is an example of which component of the business process?
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Answer:

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Resourceful, nahh.

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Hope this helped!

Have a supercalifragilisticexpialidocious day!

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