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2 years ago

Based on the substitution effect, which example reflects how people would likely respond to a rise in gas prices

Business

1 answer:

ki77a [65]2 years ago

4 0

Answer:

People will purchase more fuel efficient cars

Explanation:

People will purchase more fuel efficient cars in order to reduce the consumption of gas.

Better still, this will also leads to increase in the quantity demanded for electric cars; as they did not require gas to operate.

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Why are there so many cell phone stores in bad neighborhoods?

frosja888 [35]

In my opinion, bad neighborhoods have a large amount of cell phone stores because the people in the bad neighborhood usually don't come across (or have for that matter) phones. And to see the 'cool' cellphones in person and to have the people sell it in person, the people in the bad neighborhood should want it more. And considering the modern generation we are living in right now, people like technology and want it, in the term 'humans as economical creatures', a human's want will never be satisfied, they will always want more. So, as I said, people and their families like technology, and all the cellphone sellers will come to the neighborhoods who will buy and want more, why would they sell in places where people already have cell phones, so they go to bad neighborhoods.

unless you mean 'bad' isn't 'not highly rich' then I don't know, but as a thirteen year old, I tried.

5 0

3 years ago

One goal of bankruptcy law is to encourage the continued use of credit. true or false

Mademuasel [1]

True
After bankruptsy your credit is wiped therefore in order to buy a home for example you must have a certan amount of credit so it is encourages that you build it up

4 0

3 years ago

Quentin's total debt to equity ratio on December 31, 2014, is _______

scoundrel [369]

Answer:

Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached file for the complete question.

The explnation to the answer is therefore given as follows:

The debt-to-equity ratio refers to a financial ratio that is used to measure the relative proportion of debt and Owners' equity that are employed to finance assets of a company.

The debt-to-equity ratio using the following formula:

Debt-to-equity ratio = Total liabilities / Owners' equity ............... (1)

Where;

Total liabilities = Total current liabilities + Non-current liabilities = $72,000 + $34,000 = $106,000

Owners' equity = $170,000

Substituting the value into equation (1), we have:

Debt-to-equity ratio = $106,000 / $170,000 = 0.62

Therefore, Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.

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3 0

3 years ago

You are working on the toll plaza construction phase of the Grand Harbor Tunnel project. You notice that the concrete being pour

Radda [10]

Answer:

Discuss the concerns you have with the supervisor in charge.

Explanation:

It is wrong under the ethics code to ignore a clear sign that an intervention is required be it in business decision making or in this case, construction. It is your obligation to report any abnormality noticed to the supervisor in charge.

4 0

3 years ago

In 1 or 2 sentences, explain how consumers affect which goods and services are produced. WRITER

san4es73 [151]

Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price.
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.

8 0

3 years ago

Read 2 more answers