subject
Business, 08.07.2021 01:30 clintonskippings

What is one result of the substitution effect? A. When the demand curve is downward sloping, consumers can substitute one kind of consumption for another.

B. When the price of a good decreases, consumers will switch some of their purchases to that good.

C. When the quantity demanded increases beyond price, consumers substitute other kinds of goods.

D. When a person's income increases, he or she will substitute luxury goods for nonluxury goods.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 19:30
Vulcan company is a monthly depositor whose tax liability for march 2019 is $2,510. 1. what is the due date for the deposit of these taxes? march 17 2. assume that no deposit was made until april 29. compute the following penalties. assume a 365-day year in your computations. round your answers to the nearest cent. a. penalty for failure to make timely deposits. $ b. penalty for failure to fully pay employment taxes $ c. interest on late payment (assume a 5% interest rate). $ d. total penalty imposed $
Answers: 3
question
Business, 22.06.2019 00:30
Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach
Answers: 3
question
Business, 22.06.2019 10:00
Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting
Answers: 1
question
Business, 22.06.2019 17:30
Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve
Answers: 3
You know the right answer?
What is one result of the substitution effect? A. When the demand curve is downward sloping, consum...
Questions
question
Health, 16.10.2019 02:30
question
Mathematics, 16.10.2019 02:30
Questions on the website: 13722367