All categories

2 years ago

Explain how the substitution affect in the income effect interact with changes in price to change the quantity demanded

Biology

1 answer:

kolbaska11 [484]2 years ago

6 0

Answer:

For normal goods, the income effect and the substitution effect both work in the same direction; a decrease in the relative price of the good will increase quantity demanded both because the good is now cheaper than substitute goods, and because the lower price means that consumers have a greater total purchasing power.

Explanation:

You might be interested in

How does water enter the atmosphere? a. liquid water evaporates from lakes when heated by the sun. b. frozen water sublimates fr

pentagon [3]

Answer:

d

Explanation:

Water enters the atmosphere by :

⇒ liquid water evaporates from lakes when heated by the Sun

⇒ frozen water sublimates from ice and snow

⇒ liquid water is lost from tree leaves during evapotranspiration

7 0

2 years ago

Define the term diffusion in your own words

podryga [215]

Answer:

physical process of atoms or molecules moving apart within a gas or liquid.

Explanation:

4 0

3 years ago

Read 2 more answers

juan earn $11 per hour and works at most 30 hours per week. identify the independent and dependent quantity in the situation, an

Vlad [161]

Answer:

The hours are the independent variable.
The wages/wk earned are ( $11/hr )x( hrs worked ) . This is the dependent variable ( depends on hours worked ) .
The domain is 0 to 30
The range is 0 to 330

Explanation:

The hours are the independent variable and should be plotted on the x-axis .

The wages/wk earned are ( $11/hr )x( hrs worked ) . This is the dependent variable ( depends on hours worked ) and should be plotted on the y-axis

---------------

Let +W+ = wages/wk earned

Let +h+ = hours/wk worked

The equation is:

+W+=+11h+

The domain is 0 to 30

( no hrs worked to 30 hrs worked )

The range is 0 to 330

( no wages eared to +11%2A30+=+330+ earned )

7 0

3 years ago

How can a calendar year help us to understand the magnitude of geologic time

Marina86 [1]

Answer:

The civil year allows us to have an idea of how long our planet has existed.

Explanation:

Calendar year is the 12-month period that corresponds to 365 days of the year, counting from 1 January to 31 December. Geological time, in turn, refers to the didactic organization of the evolution of planet Earth and the forms of life that inhabit or inhabited it. It is an instrument used by Earth's geologists and scientists to analyze and chronologically categorize (through the concept of a civil year) the natural evolution of the world in which we live, in order to better understand its past.

The civil year allows geological time to expose the number of years and days that planet Earth (and its forms of life) are in existence.

7 0

3 years ago

Which best describes the main role of nuclei acids in living things?

sveticcg [70]

Answer:

Nucleic acids are the most important macromolecules for the continuity of life. They carry the genetic blueprint of a cell and carry instructions for the functioning of the cell. The two main types of nucleic acids are deoxyribonucleic acid (DNA) and ribonucleic acid (RNA).

Explanation:

dang it.

7 0

3 years ago