The economics concepts of income effect and substitution effect express changes in the market and how these changes impact consumption patterns for consumer goods and services. The income effect expresses the impact of increased purchasing power on consumption, while the substitution effect describes how consumption is impacted by changing relative prices. Different goods and services experience these changes in different ways. Some products, called inferior goods, generally decrease in consumption whenever incomes increase. Consumer spending and consumption of normal goods typically increases with higher purchasing power, in contrast with inferior goods.
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Answer:
2. "That’s not a good idea. We’re trying to attract new visitors with our posts. These people haven’t yet heard of our company. If we write about ourselves, they won’t find us organically."
Explanation:
As in the question, it is mentioned that the company want the people to know about the company, its services, news, etc
The company want to do the promotion by advertisements, social media so that more and more people could be connected with the company
By writing an interesting posting, the new visitors could be attracted which reflects a good sign for the company.
If we write about ourselves so there would be no use as our primary purpose is to promote our company so that more and more person get to know about it
Answer and Explanation:
Risk and return are equal companions if we invest in a market with a higher risk that's mean this type of market provides a higher return.
If Investors invest their whole money in the high-risk market for there high return, may they get a huge loss.
So, The exposure must be balanced by investments in diversified markets with different risk weights.
Explanation:
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Answer:
Opportunity.
Explanation:
There was an opportunity presented when Kevin noticed that people do not want to cook at home but also they do not want to go through the hassle of going out to buy food. A need was identified and the solution was the Takeout Taxi initiative that delivers restaurant-prepared food to customers.
Costumers that did not want to cook at home and did not want to go out were now satisfied by this service.
