elainaotoole7232 elainaotoole7232
  • 21-07-2017
  • Business
contestada

According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity of the product demanded because buyers:

Respuesta :

Greenleafable
Greenleafable Greenleafable
  • 30-07-2017
The correct answer is purchase more of the now relatively less expensive good.
When a product is discounted, obviously more people will be willing to buy it then when the price was higher. If more people want to buy a product, then the demand for that product rises, and then the production of those goods is also higher.
Answer Link

Otras preguntas

puzzle: the quadratic code 4- 3​
What is one reason that thomas paines things the colonies stand a good chance against the british
Which of the following statements is false?
The measures of the three angles of a triangle are given by 3x + 1, 2x − 3, and 9x. What is the measure of the smallest angle?
If two figures are similar, what do you know about the angles and the sides.
Loren and Julie have different part-time jobs after school. They are both paid at a constant rate of dollars per hour. The tables bellow show Loren and Julie’s
A 0.26-kg rock is thrown vertically upward from the top of a cliff that is 32 m high. when it hits the ground at the base of the cliff, the rock has a speed of
If the heights of 4 family members is 153, 150, 151 and 152, find the mean height of the family.
Which of the following muscles would you mostly use to push a child on a swing? A) Biceps B) Rhomboids C) Pectoralis major D) Posterior deltoid
(LOOK AT PIC) find the surface area of the figure