Ask Question
BusinessBusiness
6 July, 03:44

If muffins and bagels are substitutes, a higher price for bagels would result in a (n) Question 15 options:

a) increase in the demand for bagels.

b) decrease in the demand for bagels.

c) increase in the demand for muffins.

d) decrease in the demand f

+1
Answers (1)
  1. 6 July, 06:17
    0
    C) Increase in the demand for muffins.

    Explanation:

    Substitute goods are alternative goods because they can be replaced by each other.

    For example: Coco cola and Pepsi are substitute goods, if coco cola is not available people can choose Pepsi without any problem.

    So, If the price of bagels increases, it will directly leads to the increase in demand of muffins. Because when people can choose muffins at cheapest rates, why would they go for bagels? When both are substitute goods.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If muffins and bagels are substitutes, a higher price for bagels would result in a (n) Question 15 options: a) increase in the demand for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Grapes are a counted as an intermediate good only if they are used to produce another good such as wine. b. counted as an intermediate good, whether they are used to produce another good or consumed. C. always counted as an intermediate good. d.
Answers (2)
During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as follows: 1 Sales $10,800,000.
Answers (1)
Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning of 2018. The inventory as reported at the end of 2017 using LIFO would have been $60,000 higher using FIFO.
Answers (1)
Why don't government planners try to end seasonal unemployment?
Answers (1)
An office telephone system cost $32,000.00 with an estimated residual value of $2,000.00. The system has an estimated useful life of 5 years. Using the sum-of-the-years'-digits method, the amount of depreciation for the fourth year is $6,000.00.
Answers (1)
New Questions in Business
Gault Corporation had the following shares of stock outstanding on December 31, 2018: Common stock, $50 par value, 200,000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding Dividends were in arrears
Answers (1)
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on check - ing accounts.
Answers (1)
What effect does the availability of many substitutes have on the elasticity of demand for a good?
Answers (1)
What strategies do companies use for their financial benefit
Answers (1)
1. On March 1, a business paid $3,600 for a twelve month liability insurance policy. On April 1 the same business entered into a two-year rental contract for equipment at a total cost of $18,000.
Answers (1)
Home » Business » If muffins and bagels are substitutes, a higher price for bagels would result in a (n) Question 15 options: a) increase in the demand for bagels. b) decrease in the demand for bagels. c) increase in the demand for muffins.
Sign Up Forgot Password?