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 ... (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. ... (More)
Question
Expert Answered
Asked 7/11/2011 8:42:12 PM
0 Answers/Comments
17,182,876 questions answered
Popular Conversations
An account of the past created by people writing about events some ...
Weegy: A writ of certiorari currently means an order by a higher court directing a lower court, tribunal, or public ...
8/30/2014 8:05:25 AM| 2 Answers
Which of the following contains monounsaturated fat? A. ...
Weegy: A. Peanut oil contains monounsaturated fat. User: Which one of the following statements concerning snacks ...
8/30/2014 11:35:10 AM| 2 Answers
The Third Amendment to the Constitution would be violated if people ...
Weegy: The Third Amendment to the Constitution would be violated if people were forced to house soldiers in their ...
8/30/2014 12:52:38 AM| 1 Answers
During the Cold War, the United States supported the military ...
Weegy: C. Democratic Republic of Congo.
8/30/2014 12:58:51 AM| 1 Answers
The inability of women to move laterally within a company is known ...
Weegy: The inability of women to move laterally within a company is known as a. the glass ceiling.
8/30/2014 1:05:58 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
Points 2754 [Total 24354]| Ratings 4| Comments 2714| Invitations 0|Offline
S
L
1
L
Points 2431 [Total 6407]| Ratings 8| Comments 2351| Invitations 0|Offline
S
L
C
P
C
1
L
L
Points 2274 [Total 15887]| Ratings 13| Comments 2144| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 2095 [Total 17122]| Ratings 7| Comments 2025| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1992 [Total 9699]| Ratings 2| Comments 1972| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 900 [Total 18471]| Ratings 0| Comments 900| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 574 [Total 11235]| Ratings 1| Comments 564| Invitations 0|Offline
S
1
L
L
Points 558 [Total 5122]| Ratings 0| Comments 558| Invitations 0|Offline
S
Points 447 [Total 650]| Ratings 1| Comments 437| Invitations 0|Offline
S
Points 370 [Total 370]| Ratings 2| Comments 320| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.