You have new items in your feed. Click to view.
Question and answer
What is the substitution effect? A. All goods have a substitute, and the rise in price for substitutes causes a rise in supply for goods. B. When the price of one good falls, the demand for
complements for that good rises, and vice versa. C. When the price of one good rises, the demand for substitutes for that good rises, and vice versa. D. All goods have a complement, and the rise in price for substitutes causes a fall in supply for goods.
C. When the price of one good rises, the demand for substitutes for that good rises, and vice versa. [ || An effect caused by a rise in price that induces a consumer (whose income has remained the same) to buy more of a relatively lower-priced good and less of a higher-priced one. Substitution effect is always negative for the seller: consumers always switch from spending on higher-priced goods
to lower-priced ones as they attempt to maintain their living standard in face of rising prices. Substitution effect is not confined only to consumer goods, but manifests in other areas as well such as demand for labor and capital. See also income effect. ]
Expert answered|ouanne01|Points 230|
Question
Asked 7/28/2011 5:22:32 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
The use of government spending to influence the economy is called A. fiscal policy. B. expense policy. C. budget policy. D. market policy.
Weegy: B. expense policy. (More)
Question
Expert Answered
Updated 1/24/2014 2:42:30 PM
1 Answer/Comment
The use of government spending to influence the economy is called: A. Fiscal Policy.

Added 1/24/2014 2:42:29 PM
This answer has been confirmed as correct, not copied, and helpful.
The use of government spending to influence the economy is called A. fiscal policy. B. expense policy. C. budget policy. D. market policy.
Question
Not Answered
Updated 6/2/2014 9:44:09 PM
1 Answer/Comment
The use of government spending to influence the economy is called Fiscal policy.
Added 6/2/2014 9:44:09 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [6/2/2014 9:44:38 PM], Rated good by jeifunk
What is the ratio of a deposit that the Fed requires banks to keep in reserve? A. the stored ratio B. the required reserve ratio C. the compulsory ratio D. the mandatory ratio
Weegy: B. the required reserve ratio is the ratio that the Fed requires banks to keep in reserve. (More)
Question
Expert Answered
Asked 7/21/2011 11:29:40 PM
0 Answers/Comments
27,227,151 questions answered
Popular Conversations
3 = b + 3
Weegy: (b3)2 is equal to b6. Solution: =(b3)2. =(b3)*(b3). =(b*b*b)*(b*b*b). =b*b*b*b*b*b. =b6. User: x/5 + 9 = ...
3/27/2017 7:19:00 AM| 2 Answers
With the exception of Nebraska, all states have what type of ...
Weegy: With the exception of Nevada, all states have Bicameral system. User: State governors have all of the ...
3/27/2017 12:29:46 AM| 1 Answers
Which of the following is true about a well-written paragraph? A) It ...
Weegy: It contains sentences that flow smoothly and logically. This is true about a well-written paragraph. ...
3/27/2017 1:26:50 AM| 1 Answers
One of the most talented chess players of all time, Bobby Fisher, won ...
Weegy: One of the most talented chess players of all time, Bobby Fisher, won the World Chess Championship on September ...
3/27/2017 1:24:58 AM| 1 Answers
what is (Avogadro-number)?
3/27/2017 5:41:36 AM| 1 Answers
Weegy Stuff
S
Points 604 [Total 705] Ratings 0 Comments 604 Invitations 0 Offline
S
Points 544 [Total 544] Ratings 0 Comments 544 Invitations 0 Offline
S
P
P
L
P
Points 245 [Total 1563] Ratings 1 Comments 235 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 184 [Total 1636] Ratings 1 Comments 174 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 1 Comments 4 Invitations 0 Offline
S
P
P
Points 14 [Total 744] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 0 Comments 12 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.