QUESTION 1 The satisfaction or pleasure one gets from consuming a good or service is called Outility. O profits. price. income.

Q: Do you agree with the following statements? Give reasons.  (a) There are some exceptions to the law…

A: Answer - Need to find- Do you agree with the following statements? Give reasons.    (a) There are…

Q: . Define utility, Marginal utility explain the law of diminishing marginal utility with the help of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: he total area ind the démand curve of a good, measures- A) Marginal utility B) Total utility C)…

A: According to the given question The main aim of the demand curve is to depict the relationship…

Q: Explain the term  Shift in consumer preferences

A: The shift in consumer preferences can be defined as a change in the preference for the goods…

Q: If pasta is an inferior good, then the demand curveshifts to the _________ when _________ rises.a.…

A: Inferior good refers to those goods where the quantity demanded decreases with an increase in…

Q: Select all the factors that might increase the demand for frozen slushies. decrease in the price of…

A: Demand for a good is affected by many factors such as change in income, price of related good and…

Q: 2. Thrift store clothing is considered an inferior good. The demand for thrift store clothing…

A: The quantity(Q) of a service or good consumers are ready and capable of purchasing at a particular…

Q: hey im confused. when i enter this into my calculator 50/(1+0.05) + 50/(1+0.05)2 + 1000/(1+0.05)2  i…

A: Quantity demanded is actually indicating the total demand of the goods and services which is…

Q: 4. Suppose that a decrease in the price of X results in more of good Y sold. What are X and Y…

A: In a market, two good can be related to each other as they either substitute of each other or they…

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A: Demand refers to the quantity of a good or service that a consumer is willing and able to buy at a…

Q: what is customer satisfaction for food ?

A: Customer satisfaction is a metric that measures a company's customers' level of satisfaction with…

Q: What happens in the market for beach towels,now that the season is over? Graph and explain

A: Demand refers to the quantity of goods or services that a consumer is willing and able to buy at a…

Q: Income  [ Dollars]                                 Quantity demanded 18,000…

A: Income elasticity of demand is an economic measure of how responsive a good or service's quantity…