What will happen if a good that is normal has a decrease in price which causes a substitution effect?
It will cause a substitution effect that is positive and an income effect that is negative.
It will cause a substitution effect that is negative and an income effect that is positive.
The consumer will continue to purchase more of the lower priced good until his/her budget is exhausted.
It will cause a substitution effect that is positive and an income effect that is positive.
Answers
It will cause a substitution effect that is positive and an income effect that is negative. The consumer will substitute the now cheaper good for other goods, leading to an increase in demand for the cheaper good.
However, the decrease in price may also decrease the consumer's income (assuming a fixed budget), leading to a negative income effect.
When the price of a normal good decreases, it will cause a positive substitution effect and a positive income effect. The positive substitution effect occurs because consumers will substitute the lower-priced good for other, relatively more expensive goods. The positive income effect occurs because the decrease in price effectively increases the consumer's purchasing power, allowing them to buy more of the good or other goods. Therefore, the correct answer is:
It will cause a substitution effect that is positive and an income effect that is positive.
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Related Questions
Why did President Trump feel that more aggressive trade policies with China were necessary?
Answers
Answer:
President Donald Trump is leading one of the most radical changes in America’s stance toward China in decades.Where past presidents engaged Beijing in good faith on issues like improving its human rights record or its conduct in cyberspace, Trump has preferred to treat the country as a strategic competitor that requires a more aggressive response by the United States.
The US has a lot to be angry about. Among other indiscretions, Beijing has stolen US technological and personnel secrets for its own advantage, antagonized US allies in the South China Sea, killed or imprisoned more than a dozen American informants, and taken millions of US jobs over the past 15 years.
But instead of working to fix at least some elements of strained US-China relations while putting up with the bulk of China’s misbehavior, Trump has chosen to completely reshape the relationship and go after Beijing on all of it.
“This administration is not really focused on just a couple of things,” says Bonnie Glaser, a China expert at the Center for Strategic and International Studies think tank in Washington, “it’s really focused on everything.”
Explanation:
Hope it helps
What is an example of a critical tool most small businesses would use for marketing?
a company website
internet telephone
skyp
dropbox
Answers
Answer:
a company website
Explanation:
this is so they can post it everywhere and people use this a lot for small businesses and big companies.
Once you graduate from a college or university, you have to pay a fee to take advantage of their career services. False True
Answers
Answer:
False
Explanation:
After graduating from a college or university you belong to their Alumni therefore, their career services or commonly known as placement or career center always support you through the journey until you land your job for no fee.
The Sarbanes-Oxley Act is mainly intended to _____.
encourage whistleblowers to come forward
alert the SEC of possible corporate irregularities
make it more difficult to commit some kinds of stock fraud
self-enforce the accountability cycle
ANSWER:
-make it more difficult to commit some kinds of stock fraud
Answers
The Sarbanes-Oxley Act is mainly intended to make it more difficult to commit some kinds of stock fraud.
What was this act?
The act was passed in 2002 in response to a series of high-profile corporate accounting scandals, such as Enron and WorldCom, and was aimed at improving corporate governance and accountability.
It established new or expanded requirements for public companies and accounting firms, such as requiring the certification of financial statements by CEOs and CFOs, increasing the independence of auditors, and increasing the penalties for corporate fraud.
While the act also includes provisions to encourage whistleblowers to come forward and alert the SEC of possible corporate irregularities, its primary focus is on preventing fraud and improving transparency in financial reporting.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
It’s too early for this and I need some assistance
Answers
Answer:
A
Explanation:
Complete the following statement. Merchandise inventory that is still available for sale is considered a(n) ________ (asset/expense/revenue) and is reported on the ____________ (balance sheet/income statement) and merchandise that is sold during the period is considered a(n) _______ (asset/expense/liability) and reported on the ____________ (balance sheet/income statement). Multiple choice question. expense -> income statement -> asset -> balance sheet expense -> balance sheet -> asset -> income statement asset -> income statement -> expense -> balance sheet asset -> balance sheet -> expense -> income statement
Answers
Answer:
asset -> balance sheet -> expense -> income statement
Explanation:
The merchandise inventory that still available for the sale purpose should be treated as the asset and the same should be reported on the balance sheet. And, the merchandise that is sold so it is treated as an expense and the same should be reported on the income statement
Therefore the above answer should be considered
the basic eoq model ignores the purchasing cost. True/False
Answers
The Economic Order Quantity (EOQ) model is an inventory management model which aims to minimize the total cost of inventory management by determining the optimal order size and the optimal order frequency. The option is True.
Economic order quantity (EOQ) is the ideal quantity of units a company should purchase to meet demand while minimizing inventory costs such as holding costs, shortage costs, and order costs. This production-scheduling model was developed in 1913 by Ford W. Harris and has been refined over time.
It does not account for the cost of purchasing the inventory, only the cost of holding it and ordering it.
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Which type of insurance includes the assumption of a contractual obligation to reimburse the insured against all or a portion of his fees, costs, and expenses related to or arising out of services performed by or under the supervision of an attorney who is an active member of the bar of any jurisdiction or jurisdictions of the United States?
Answers
Answer:
Legal Insurance
Explanation:
Legal insurance is a type of insurance that provides legal advice and also the costs related to a dispute regardless of whether the policy holder is a plaintiff or the defendant in the case.
In legal insurance , the insurance provider assumes the contractual obligation to reimburse the insured against all or portion of the legal fees arising out of services performed by or under the supervision of an attorney who is an active member of the bar of any jurisdiction of the United States.
Okay so this is a 9th grade business studies question i rlly need help with it as i forgot to do it last night and its due today
International trade is essential for the recovery of the irish economy
(i) Distinguish between visible exports and invisible exports use one example of each type of export to explain your answer.
(ii) The following data relates to the international trade of a country for 2013
Visible Imports-$1.150 million
Invisible Exports-$1.380 million
Visible Exports-$1.250 million
Invisible Imports-$1.300 million
(iii) from the above data calculate the balance of trade and the balance of payments *show your workings*
(iv) indicate in each case whether it is a surplus or deficit balance.
Q2 the following data relates to the international trade of a country
visible imports-$650 million
Invisible exports-$550 million
Invisible Imports-$450 million
Visible exports-$700 million
using the above data calculate the balance of trade show your workings
this question should be easy for people who find business studies easy
Answers
1. what events in ucb’s strategic context required the company to revisit its business strategy?\\\
Answers
UCB, a company operating in the pharmaceutical industry, had to revisit its business strategy due to several events in its strategic context. These events necessitated a reassessment of the company's approach.
UCB's strategic context experienced various events that prompted the company to revisit its business strategy. One such event could be the introduction of new competitors in the pharmaceutical industry, leading to increased competition and the need for UCB to differentiate itself and maintain its market position.
Additionally, shifts in market demand, such as changing patient preferences or emerging therapeutic areas, may have required UCB to reevaluate its product portfolio and research and development focus.
Moreover, regulatory changes and evolving healthcare policies could have impacted UCB's operations and necessitated strategic adjustments. For instance, changes in pricing regulations or reimbursement policies may have influenced the company's pricing strategies and market access.
Furthermore, advancements in technology and the digitalization of healthcare may have created new opportunities or disrupted traditional business models, compelling UCB to reassess its approach to innovation, digital solutions, and patient engagement.
In summary, UCB's need to revisit its business strategy stemmed from events in its strategic context, including increased competition, changing market demands, regulatory changes, and technological advancements. These factors required UCB to adapt its strategy to remain competitive and capitalize on emerging opportunities in the pharmaceutical industry.
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UCB is a pharmaceutical company that operates in a dynamic industry, and several events in its strategic context have necessitated the revision of its business strategy.
One key event that prompted UCB to revisit its business strategy is the changing regulatory landscape. The pharmaceutical industry is subject to evolving regulations and guidelines, and UCB must adapt its strategy to ensure compliance and navigate any new requirements effectively.
Another significant factor is the emergence of new competitors and market dynamics. The pharmaceutical market is highly competitive, with new players entering the industry and disruptive technologies impacting traditional business models. To maintain its market position and competitiveness, UCB needs to assess these changes and adjust its strategy accordingly.
Additionally, advancements in medical research and technology have influenced UCB's strategic context. Scientific breakthroughs, such as the development of new therapies or treatment approaches, may require UCB to realign its focus, invest in research and development, or explore strategic partnerships to stay at the forefront of innovation.
Furthermore, shifting patient needs and preferences have compelled UCB to revisit its business strategy. As patient demands change, such as a growing emphasis on personalized medicine or increased interest in digital health solutions, UCB must adapt its offerings and engagement models to meet these evolving needs.
Overall, these events in UCB's strategic context, including regulatory changes, competitive landscape shifts, advancements in research and technology, and evolving patient preferences, have necessitated a reevaluation of the company's business strategy to ensure continued success in the pharmaceutical industry.
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What are the effects of urbanization on an the economy?
Answers
Urbanization have significant effects on the economy such as:
Economic GrowthMore Job CreationWhat is urbanizationUrbanization can help the economy grow. Bringing people, businesses, and buildings closer together in cities helps them work better and come up with new ideas.
Note that Cities are places where many jobs are available. When more people live in cities, there are more jobs needed in areas like building things, making things, moving things, helping people, and using computers.
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make a budget of 2000 dollars for a grade six pupil
Answers
Answer:
Spend half save half
Explanation:
Sally is in the new marketing department of a midsized lawn and garden company. She is working on the firm's first-ever STP analysis. She has defined the mission and objectives and identified and selected a segmentation method. The next step is to:________.
A. use the Internet, catalogs, and vendor information to draw up a list of new products.
B. find marketing interns or hire new staff to help with implementation.
C. create pro forma financial statements to complete the package.
D. evaluate the attractiveness of the various segments identified.
E. develop an advertising plan to promote the upcoming sales.
Answers
Answer:
A. use the Internet, catalogs, and vendor information to draw up a list of new products
Explanation:
STP analysis is a method that analysis a product and determines the best way to communicate its benefits to your target group.
STP is an acronym that stands for: Segment your market, Target your best customer, and Position your best offering.
In this case the market has been segmented by Sally who defined the mission and objectives and identified and selected a segmentation method.
The next step is to Target your best customer. This is best done by using the Internet, catalogs, and vendor information to draw up a list of new products.
what is the best job to make a hole lot of money
Answers
Answer:
drop shiping
Explanation:
it's the perfect job
What documents will you include in your portfolio?
How will creating a portfolio benefit you with future employment?
Answers
Answer:
./Table of Contents
./Career and professional development goals, tailored for each ./interviewer
./Work philosophy statement; personal mission statement
./List of areas of expertise
./Works in progress (activities and projects)
./Samples of your best work from academic, employment, and internship settings
./Resume, references, transcripts, letters of recommendation
./Evaluations from work/volunteer experiences, agendas of meetings you conducted
./Certificates, diplomas, licenses, awards, letters of appreciation you received
./Records of community service/volunteer work
./Professional memberships and service activities
./Work reports or excerpts from term papers
./Grants or proposals you wrote
./Newspaper clippings featuring you, media clips of your work, promotional materials you designed
./Photographs of you in a professional setting
./Printouts/links to websites, web pages, or blogs you created
./Certificates of attendance from seminars or workshops
./Documentation of leadership experience
this will help you greatly in the future when it comes to people looking to higher you as it shows your skills/weaknesses
Explanation:
brainliest pls
The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $70,720 $47,940 Accounts receivable (net) 207,230 188,190 Inventories 298,520 289,850 Investments 0 102,000 Land 295,800 0 Equipment 438,600 358,020 Accumulated depreciation—equipment (99,110) (84,320) Total assets $1,211,760 $901,680 Liabilities and Stockholders' Equity Accounts payable $205,700 $194,140 Accrued expenses payable 30,600 26,860 Dividends payable 25,500 20,400 Common stock, $1 par 202,000 102,000 Paid-in capital: Excess of issue price over par—common stock 354,000 204,000 Retained earnings 393,960 354,280 Total liabilities and stockholders' equity $1,211,760 $901,680 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land were acquired for cash. There were no disposals of equipment during the year. The investments were sold for $91,800 cash. The common stock was issued for cash. There was a $141,680 credit to Retained Earnings for net income. There was a $102,000 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from operating activities: Net income $ Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Loss on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Increase in accrued expenses payable Net cash flow from operating activities $ Cash flows from (used for) investing activities: Cash from sale of investments $ Cash used for purchase of land Cash used for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash from sale of common stock $ Cash used for dividends Net cash flow from financing activities Increase in cash $ Cash at the beginning of the year Cash at the end of the year $
Answers
Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9, increase in cash -$70,780, cash at the beginning of the year $47,940, and cash at the end of the year $70,720.
Cash flows from operating activities:
Net income $141,680
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation ($99,110 - $84,320) $14,790
Loss on sale of investments ($102,000 - $91,800) $10,200
Changes in current operating assets and liabilities:
Increase in accounts receivable ($207,230 - $188,190) -$19,040
Increase in inventories ($298,520 - $289,850) -$8,670
Increase in accounts payable ($205,700 - $194,140) $11,560
Increase in accrued expenses payable ($30,600 - $26,860) $3,740
Net cash flow from operating activities $154,260
Cash flows from (used for) investing activities:
Cash from sale of investments $91,800
Cash used for purchase of land -$295,800
Cash used for purchase of equipment ($438,600 - $358,020) -$80,580
Net cash flow used for investing activities -$284,580
Cash flows from (used for) financing activities:
Cash from sale of common stock ($202,000 - $102,000) $100,000
Cash used for dividends ($102,000)
Net cash flow from financing activities -$2,000
Increase in cash ($154,260 - $284,580 + $2,000) -$70,780
Cash at the beginning of the year $47,940
Cash at the end of the year ($70,780 + $47,940) $70,720
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The total greenhouse gas emissions generated by people, things, events, or groups are called _____ footprints.
Answers
The answer is carbon footprints I think
Why would a producer conduct a marginal analysis?
A. To understand the type of taxes paid on a good or service
B. To determine whether a price increase will change what a
consumer will buy
C. To predict the amount of environmental pollution caused by a
manufacturer
D. To suggest a way to package a product so that it causes less
pollution
E
Answers
Answer:
B to determine whether a price increase
Explanation:
cuz I said
(ANSWERED) Which of the following techniques can be used to evaluate a job candidate's qualifications?
done
A.
Call and talk with the applicant's references.
B.
Evaluate applicant's private correspondence.
close
C.
Observe the applicant in his or her present job situation.
D.
Call and talk with applicants' friends and family.
ANSWER: A - Call and talk with the applicant's references.
Answers
Explanation:
.
Evaluate applicant's private correspondence.
close
A defensive stock:
a) is part of the manufacturing sector that sells to the Department of Defense
b) is owned by a company that is currently having a strong downturn
c) Is the type of stock that holds a steady value, such as an insurance company
d) Has a small market capitalization
Answers
Which factor might pose the greatest risk to a person applying for a credit
card for the first time?
O A. A short grace period
B. A low introductory credit limit for the first six months
C. A lack of fees
D. A low introductory rate that will increase over time
Answers
A low introductory rate that will increase over time is the factor might pose the greatest risk to a person applying for a credit card for the first time. Hence, option D is correct.
What is introductory rate?Introductory rate is the interest rate that is charged to the person at the initial stage of the loan. The interest rate can be minimal, or it is not necessary to charge the interest rate.
The introductory rate is used to sell the loan to customers and make it seem appealing. They may or may not apply to cash advances, although they are frequently utilized for the application of balance transfers.
Thus, option D, A low introductory rate that will increase over time is correct.
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What resource is looked to be most helpful for finding information about the target market for the new chocolate bliss product?
Answers
Pricing is considered as one of the most important criteria for online shoppers while making their inal purchase decision
What is Pricing?Pricing is the process by which a company determines the price at which it will offer its products and services, and it may be part of the company's marketing strategy.
Pricing criteria indicate client or deal characteristics. Price administrators define the pricing criteria that will be used to determine their company's pricing strategy. When you define the pricing segments and pricing strategies, you utilize the values for the pricing criterion.
It is possible to barter. Buyers must decide whether the utility received from the transaction is worth the loss of purchasing power. In an open market economy, price symbolizes the worth of a good/service among potential purchasers and ensures competition among sellers.
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Covered interest parity fulfills the no arbitrage condition because:
Answers
Covered Interest Parity (CIP) fulfills the no arbitrage condition because of the following reason:Arbitrage refers to the act of taking advantage of a price difference to make a profit. In finance, arbitrage is the act of taking advantage of the price difference between two or more markets to make a profit.
It is possible to use arbitrage to make a profit without incurring any risk or making any investment of capital. However, such a profit would be considered as the result of taking an unfair advantage of the market. If it is possible to make a risk-free profit by using arbitrage, then there is a problem with the market, and it is said that an arbitrage opportunity exists.Covered Interest Parity (CIP) is a condition that must be met for the foreign exchange market to function efficiently. It is an economic principle that helps to explain why exchange rates fluctuate over time. CIP states that the interest rate differential between two currencies in different countries should be equal to the forward exchange rate between the two currencies.
If this condition is not met, then there is an arbitrage opportunity and traders can make a risk-free profit by exploiting the discrepancy. If the CIP condition is not met, then traders can use covered interest arbitrage to make a profit. Covered interest arbitrage is a technique that is used to exploit differences in interest rates between two currencies. It involves borrowing money in one currency, investing the funds in a different currency, and then hedging the foreign exchange risk by entering into a forward contract. By doing so, the trader can lock in a profit that is equal to the difference between the interest rates of the two currencies
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what is business?????????????
Answers
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
ms. chou, who is in the 37 percent marginal tax bracket, is the sole shareholder of liu corporation. this year, liu earned $200,000 of taxable income and distributed $50,000 to ms. chou. calculate the combined tax cost for liu and ms. chou.
Answers
Add the tax to the subtotal to calculate the total amount. The combined tax cost is 0.082.
calculate the combined tax cost ?Add the prices of items purchased to obtain a subtotal.
Multiply that subtotal by the tax rate to determine the tax.
Add the tax to the subtotal to calculate the total amount.
Example
Purchases total 6.95. The tax rate is 8.2%.
The tax due is ...
0.082 × 6.95 = 0.5699 rounds to 0.57.
The total amount due is ...
6.95 +0.57 = 7.52
Comment on percent
The % (percent symbol) is a fancy shorthand way to write /100. That is, a tax rate of 8.2% means you multiply the pre-tax amount by 8.2/100 = 0.082.
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What could be more important for an economy than to produce ample shelter, food, education, and recreation for its people?
Answers
A comprehensive and balanced approach that addresses multiple dimensions of economic development is necessary for creating sustainable and inclusive growth.
While producing ample shelter, food, education, and recreation for the people is indeed important for an economy, there are other factors that can be equally or even more important in driving economic growth and development. Here are a few examples:
Economic stability: Maintaining a stable and predictable economic environment is crucial for fostering investment, encouraging business growth, and attracting both domestic and foreign investors. Stable prices, low inflation, and sound monetary and fiscal policies contribute to a healthy economic foundation.
Infrastructure development: Investing in infrastructure, such as transportation networks, energy systems, and communication networks, is vital for facilitating economic activities and improving productivity. Well-developed infrastructure enables the efficient movement of goods, services, and people, which in turn boosts trade and economic growth.
Innovation and technological advancement: Encouraging innovation and supporting research and development initiatives drive technological progress and improve productivity. Investments in education, research institutions, and technology transfer can lead to the development of new industries, job creation, and increased competitiveness on a global scale.
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Need asap
Submit your essay on what's next for digital video in the future.
Answers
Answer:
I feel that this will all change because of all the emerging technology that is evolving in just 2018 and is still evolving today. I think that all of the desktops will become more portable an have more features while the common laptop will do the same also there will be even fewer people going out to shop at malls or clothing stores (because of online shopping) which means these local businesses will not be able to pay the rent or they will have to cut down on employment or even lower the hourly wage. This combined will snowball and be even worse by the future
Explanation:
I hope I've done a good answer, have a good day :)
y
What are the two costs used to compare credit offers?
I
Question 2 (5 points)
What is the difference between simple and compound interest?
Answers
Answer:
#2Simple interest is interest paid only on the original investment whereas compound interest paid both on the original investment and on all interest that has been added to the original investment. Since compound interest is calculated based on a larger amount than simple interest, it results in a larger amount of money over time.
Why do lenders often require a down payment when credit is used to purchase a good?
It reduces risk to the lender.
It eliminates interest charges.
It reduces the cost of the financed good.
It increases the cost of financing the good.
Answers
The payments are done through a down payment reduces the risk to the lender and therefore the lender requires down payments when credit is used to purchase a good. Thus (A) is the correct option.
What is a down payment?The amount of money that a purchaser pays on the purchasing of any expensive object. The down payment showcases a portion of the total purchasing amount.
It is made in the initial stage of purchasing. It reduces the risk of the lender and therefore, (A) is the correct option.
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