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
21,931,841 questions answered
Popular Conversations
What is a culture region? A. a geographic unit determined by ...
Weegy: C. a large, contained region, like a continent User: A thematic map that shows languages or religions ...
8/27/2015 12:51:36 PM| 3 Answers
Complete the analogy below. Fingers are to hands as _______ to ...
Weegy: Fingers are to hands as TOES to feet. User: Hammer is to nail as screwdriver is to ...
8/27/2015 8:58:25 AM| 2 Answers
What was the main agreement made with the establishment of the North ...
Weegy: C. that each nation would come to one another's defense in the event of a Soviet attack User: Who ...
8/27/2015 1:02:18 PM| 2 Answers
blank endorsement?
8/27/2015 3:47:01 PM| 2 Answers
Write the equation for 5x 2y = 3 in slope-intercept form.
Weegy: The equation for 5x + 2y = 3 in slope-intercept form is y = -5/2x + 3/2. User: 5x+2y=3 solve for x User: y= ...
8/27/2015 9:25:42 PM| 2 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 1139 [Total 11492]| Ratings 6| Comments 1079| Invitations 0|Offline
S
L
Points 738 [Total 1053]| Ratings 1| Comments 728| Invitations 0|Offline
S
L
L
P
1
Points 687 [Total 9260]| Ratings 2| Comments 667| Invitations 0|Offline
S
1
L
L
Points 677 [Total 9145]| Ratings 2| Comments 647| Invitations 1|Offline
S
Points 479 [Total 705]| Ratings 1| Comments 469| Invitations 0|Online
S
Points 242 [Total 250]| Ratings 0| Comments 242| Invitations 0|Offline
S
Points 215 [Total 215]| Ratings 3| Comments 185| Invitations 0|Offline
S
Points 214 [Total 533]| Ratings 1| Comments 204| Invitations 0|Offline
S
Points 156 [Total 233]| Ratings 0| Comments 156| Invitations 0|Offline
S
Points 104 [Total 105]| Ratings 1| Comments 94| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.