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VikaD [51]
3 years ago
13

Distinguish between the substitution and income effects of a price change. If a good’s price increases does each effect have a p

ositive or negative impact on the quantity demanded?
Business
1 answer:
vesna_86 [32]3 years ago
7 0
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.



Read more: What's the difference between the income effect and the substitution effect? | Investopedia http://www.investopedia.com/ask/answers/041415/whats-difference-between-income-effect-and-substitution-effect.asp#ixzz4wcsy3IOK
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. Unique Games, a not-for-profit entity organized to provide athletic competition opportunities for high school students, utiliz
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Answer:

The answer is $0.

Explanation:

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So in this question, the work from the volunteers and the film from CPA can be all accounted for contributed service revenue.

If we calculate them;

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But since Unique Games are a non-profit entity, the amount they should recognize as contributed service revenue is $0.

I hope this answer helps.

8 0
3 years ago
Select all that apply.
Readme [11.4K]
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3 years ago
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Answer:

The correct phrase for the blank space is: creative problem solver.

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Companies have to adapt to their customers to attract more of them, moreover, when the institutions have a presence in different regions worldwide. In such scenarios, they have to act as creative problem-solvers to adjust what the consumer desire and what the institution has projected to offer.

Firms must conduct different market research to gather more information on their target market and should study the resources it counts on to satisfy those individuals' expectations.

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2 years ago
If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the reciept of cash would be journal
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A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.

Learn more about receipt here

brainly.com/question/9740546

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7 0
1 year ago
You are earning $40,000 per year as a branch manager at Dunkin Donuts. You are planning on leaving your job and going back to co
sergij07 [2.7K]

Answer:

It increases the opportunity cost because you are foregoing more money for college.

Explanation:

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The 10% rise in salary offered by the branch manager increases the opportunity cost of going to college. This is because the higher cost (money) you could have earned by not going to college is foregone.

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