3 years ago

Explain the 'price effect' for normal 'substitutes' and 'complementary' goods.

1 answer:

8 0

Answer:

When the price of a good that complements a good decrease, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded that good increases, but the demand for the good that it is being substituted for decreases.

You might be interested in

The decimal point moves to the ___ when converting from liters to milliliters.

MakcuM [25]

I think it's the right

4 0

3 years ago

A large company that must hire a new president prepares a final list of five candidates,all of whom are equally qualified. Two o

nikitadnepr [17]

Answer:

The estimate has been made using classical probability.

Step-by-step explanation:

5 0

3 years ago

Time traveler can take 5 books with him and he has 79 books to choose from how many different ways can the books be selected

AveGali [126]

<u>We are given:</u>

The time-traveller has 79 books, but he can only take 5 books

since we need to find the number of ways he can choose 5 books, we know that the order in which he takes the books does NOT matter

Hence, we will use combination

<u>Finding the number of ways:</u>

Since we will use combination, ₇₉C₅

We know that the formula for combination is (n!) / (r!(n-r)!)

₇₉C₅ = 79! / 5!(74!)

₇₉C₅ = 22,537,515

Therefore, the time traveller can choose 5 books in 22,537,515 different ways

8 0

3 years ago

PLEASE HELP ME I REALLY NEED YOUR HELP

ddd [48]

Answer:

$26 \times 41$

Step-by-step explanation:

Answer is 1066

6 0

3 years ago

Solve for x 6(2x - 5) = -(x + 4)

Ne4ueva [31]

Answer:

x=2

Step-by-step explanation:

6 0

3 years ago

Read 2 more answers

Explain the 'price effect' for normal 'substitutes' and 'complementary' goods.​

Explain the 'price effect' for normal 'substitutes' and 'complementary' goods.