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
17,450,734 questions answered
Popular Conversations
Factor the expression. 90x^2 + 33x + 3
Weegy: 90x^2 + 33x + 3 = 3(5x + 1)(6x + 1)
9/20/2014 1:19:07 AM| 5 Answers
What are some of the inventions and ideas attributed to Leonardo da ...
Weegy: And Leonardo da Vinci, who is known for his paintings, only managed to finish 17 paintings ... deficient social ...
9/20/2014 7:55:12 PM| 3 Answers
If your muscles are not getting enough oxygen during exercise, they ...
Weegy: If your muscles are not getting enough oxygen during exercise, they will stop moving. This is FALSE.
9/20/2014 4:37:01 PM| 2 Answers
From his time in Congress, Johnson was known for his skills in ...
Weegy: The answer is A. compromise. User: President Ford’s policy toward the Soviet Union focused on A. changing ...
9/20/2014 12:28:36 AM| 1 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 2262 [Total 26660]| Ratings 5| Comments 2212| Invitations 0|Offline
S
L
1
L
P
C
1
Points 2087 [Total 8618]| Ratings 9| Comments 1997| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 1731 [Total 17670]| Ratings 12| Comments 1611| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 1683 [Total 11463]| Ratings 0| Comments 1683| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1509 [Total 18681]| Ratings 5| Comments 1459| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 609 [Total 11855]| Ratings 0| Comments 609| Invitations 0|Offline
S
L
Points 535 [Total 1205]| Ratings 0| Comments 535| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 530 [Total 19061]| Ratings 1| Comments 520| Invitations 0|Offline
S
1
L
L
Points 428 [Total 5552]| Ratings 4| Comments 388| Invitations 0|Offline
S
Points 64 [Total 64]| Ratings 2| Comments 34| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.