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cricket20 [7]
3 years ago
15

Which of the following statements is most correct? a. Everyone is nervous on their first day. b. Everyone company has the same c

ulture. c. Everyone drives to work. d. Everyone is a good listener. Please select the best answer from the choices provided A B C D
History
1 answer:
alexdok [17]3 years ago
8 0

Answer:

a. Everyone is nervous on their first day.

Explanation:

The correct option is - a. Everyone is nervous on their first day.

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Substitution effect - As the price of a good increases people purchase less quantity because they will switch to a now "relatively" cheaper substitute. The price of the substitute isn't allowed to change, so people buy more of it and less of the original.


Law of D.M.R. - As you acquire more of a good, the value of each unit decreases. Because the value is decreasing, so is the amount you are willing to pay leading to an inverse relationship between price and quantity demanded.

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