Question and answer
What do substitutes refer to in economics? Give two examples.
This relationship between demand schedules leads economists to classify goods as either substitutes or complements. Substitute goods are goods which, as a result of changed conditions, may replace each other in use (or consumption)[1]. [ We have two types of substitute. They are gross substitutes and net substitutes. ]
Expert answered|a_camm|Points 101|
Question
Asked 7/11/2011 9:24:55 PM
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
Did Native Americans face annexation?
Weegy: Yes the Native Americans did face annexation of tribal land and it was a hard fought journey User: Did Native Americans face colonization? (More)
Question
Expert Answered
Asked 7/8/2011 3:04:48 PM
0 Answers/Comments
Did Native Americans face migration?
Weegy: Yes they did. They were from Euroasia (More)
Question
Expert Answered
Asked 7/8/2011 3:03:29 PM
0 Answers/Comments
Where did Native Americans originate? User: How did Native Americans come to the United States?
Weegy: According to the still-debated theory of the Settlement of the Americas, a migration of humans from Eurasia to the Americas took place via Beringia, a land bridge which formerly connected the two continents across what is now the Bering Strait. (More)
Question
Expert Answered
Asked 7/8/2011 2:54:34 PM
0 Answers/Comments
When the cost of cotton decreases, what market is affected?
Weegy: a. Demand shifts to the left in the entire area. Supply shifts to the left only in damaged areas. Equilibrium price decreases b. No effect. Price of hamburger increases equally. [ Possibly slight shift of demand to left, depending on change in other food prices. c. Supply remains the same with higher candy price. Demand shifts slightly to the right. Consumers pay the higher price without much decrease in demand. d. Supply shifts right causing prices to fall. Demand curve remains in place most likely. e. Supply curve shifts left, demand follows slowly as people adjust to higher price. f. etc. ] (More)
Question
Expert Answered
Asked 7/11/2011 8:22:49 PM
0 Answers/Comments
When the cost of cotton decreases and the textile market is affected, is there a shift in supply, demad, or both? Explain your answer.
Weegy: demand-A demand deposit or bank money refers to the funds held in demand deposit accounts in commercial banks.[1] These account balances are usually considered money and form the greater part of the money supply of a country.Traditionally, [ demand deposits only referred to funds held in checking accounts (or cheque offering accounts), however, financial innovation has allowed easier access to funds from other types of accounts (e.g. savings accounts, money market account), and these funds are sometimes also referred to as demand deposits. In the United States, demand deposits arose following the 1865 tax of 10% on the issuance of state bank notes; see history of banking in the USA. ] (More)
Question
Expert Answered
Asked 7/11/2011 8:42:12 PM
0 Answers/Comments
18,455,134 questions answered
Popular Conversations
Give the values of a, b, and c from the general form of the equation ...
Weegy: hen the following quadratic equation is written in general form, what is the value of "c"? The formula of ...
11/26/2014 8:05:05 AM| 3 Answers
An object is dropped off a building that is 144 feet tall. After how ...
Weegy: 16t^2 = 144 Simplify, divide both sides by 16 t^2 = 9 t = 3 seconds User: The square of a number exceeds that ...
11/26/2014 8:02:05 AM| 2 Answers
A girl is now one-fourth as old as her father, and in seven years, ...
Weegy: father's age = 20; daughter's age = 5 father's age = 52; daughter's age = 13 father's age = 76; daughter's age = ...
11/26/2014 8:26:45 AM| 2 Answers
. Simplify this expression: 4p + 9 + (–7p) + 2 = ? A. –3p + ...
Weegy: C. s=40 User: Solve this equation: 80 = 3y + 2y + 4 + 1. A. y = 75 B. y = 15 C. y = 1/5 D. y = –15 ...
11/26/2014 8:28:06 AM| 2 Answers
White blood cells contain hemoglobin. (Points : 2) True ...
Weegy: hemoglobin stands for: a hemoprotein composed of globin and heme that gives red blood cells their characteristic ...
11/26/2014 12:44:06 PM| 2 Answers
double marginality
Weegy: According to Nicholas Alex, double marginality is the social burden that African American police officers carry ...
11/26/2014 2:10:01 PM| 2 Answers
If the protagonist tells the story himself, it is told in the ...
Weegy: The story is told in first person if it is told from the protagonist's point of view :)
11/26/2014 2:15:57 PM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2814 [Total 14524]| Ratings 10| Comments 2714| Invitations 0|Offline
S
L
Points 1466 [Total 3752]| Ratings 0| Comments 1466| Invitations 0|Offline
S
Points 799 [Total 831]| Ratings 1| Comments 789| Invitations 0|Online
S
L
Points 777 [Total 1298]| Ratings 6| Comments 717| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 772 [Total 14146]| Ratings 0| Comments 772| Invitations 0|Offline
S
1
L
L
Points 273 [Total 6667]| Ratings 0| Comments 273| Invitations 0|Offline
S
L
Points 162 [Total 1458]| Ratings 3| Comments 132| Invitations 0|Offline
S
Points 86 [Total 86]| Ratings 1| Comments 76| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.