Business

9 April, 19:10

All else constant, if butter and margarine are substitute goods, then as the price of butter rises,

a. the demand for margarine will fall

b. the quantity of butter demanded will fall

c. the demand for butter will fall

d. the demand for butter will rise

e. butter and margarine will become complementary goods, provided that butter is a normal good

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “All else constant, if butter and margarine are substitute goods, then as the price of butter rises, a. the demand for margarine will fall ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Luke calls Wanda but there is no response. When Wanda calls Luke back a little later, she gets a busy signal. Later in the evening, when Luke calls Wanda back, he gets a busy signal.

In an assembly operation at a furniture factory, six employees assembled an average of 900 standard dining chairs per 5-day week. what is the labor productivity of this operation?

All of these are reasons managers use environmental scanning except:

What are consequences of rapid inflation? (Select all that apply.) Savings accounts become less desirable because interest earned is lower than inflation Individual purchasing power increases, which results in an increase in demand.

The maintenance of money's value is said to depend on the monetary authorities. What might the monetary authorities do to devalue a currency in foreign exchange markets?

New Questions in Business

The financial statements for Harold Corporation contained the following information: Accounts receivable $ 5,000 Sales revenue 75,000 Cash 15,000 Salaries and wages expense 20,000 Rent expense 10,000 How much was Harold's net income?

Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan. what is nastasha's adjusted gross income? a. $109,971 b. $22,887 c.

Debra notes that theo chocolate has started holding its own operations to the same imo standards of fair trade to which it holds its suppliers. this type of sends a powerful message to employees and customers.

Partners G and H form the GH partnership, with G contributing $200,000 cash and H contributing some land with a basis of $600,000 and a FMV of $900,000, subject to a nonrecourse liability of $700,000.

Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning laws. Johnson hires a crew of construction workers to build the building.