Answer:
d
Explanation:
A change in price leads to two effects :
- The income effect
- The substitution effect
The income effect is the change in quantity demanded as a result of a change in real income which affects the consumes purchasing power.
A car constitutes a very large part of a consumers expenditure due to its cost. Thus, the income effect for a car would be the largest
The substitution effect is the change in demand as a result of change in the price of the good compared to the price of another substitute good.
Answer:
B2B e-commerce is larger than B2C e-commerce.
Explanation:
B2B commerce include all the transactions that being done between a business institution and another busines institution. B2C commerce include all the transactions between business institutions and the people.
When we count all value traded in world's commerce, the amount of B2C way surpassed B2B commerce.
But, if we observe e-commerce alone (transaction that being done through internet) , B2B commerce is larger than B2C e-commerce. In united States, B2B e-commerce that occurred in the market worth around $1.1 trillion, while B2C e-commerce only worth around $480 million.
Answer:
brainstorming as a part of it’s decision making process
<span>Gaetano Vinaccia invented the six string guitar.</span>
Personal finances everything to do with managing your money in savings and investing. Personal finance refers to how you manage your money and including Your income, expenses in savings when you put an effort into managing your personal finances, you have a better grasp I’m where your money is going and what changes you can make to meet your future financial goals.