An increase in the price of a good causes a decline in demand for A. inferior goods. B. its substitutes. C. normal goods. D. its complements.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An increase in the price of a good causes a decline in demand for A. inferior goods. B. its substitutes. C. normal goods. D. its ...” 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
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate$2 per machine hour Standard fixed overhead rate$1 per machine hour Actual variable overhead costs$390,000
Answers (1)
If total utility has reached a maximum level, and assuming that diminishing marginal utility already applies, then what will happen as the consumer consumes additional units of the product?
Answers (1)
Vic's Mart collect $700 of its accounts receivable
Answers (1)
identified an investment project with the following cash flows. Year Cash Flow 1 $850 2 1,190 3 1,450 4 1,600 a. If the discount rate is 7 percent, what is the present value of these cash flows
Answers (1)
Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with the same company, they would save 10 percent on the annual premiums.
Answers (1)
New Questions in Business
How to make a promotional mix for a company
Answers (1)
A. True b. False: before a computer can execute a program written in a high level language, such as c++, it must be translated into object code.
Answers (1)
the market value of a property is $90,000 and is assessed at 35%. The annual taxes are $1,260. What is the tax rate?
Answers (1)
Someone who likes building, designing, or creating things probably has a (n)
Answers (1)
A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 shares authorized, 28,000 issued, and 27,500 shares outstanding. The total amount of the cash dividend is: Multiple Choice a.
Answers (1)