Suppose product Y Is an Input In the production of product Z. Product Z In turn Is a substitute for product X. A decrease In the price of Y can be expected to Multiple Cholce decrease the demand for X. Increase the demand for X. have no effect on the demand of product X. decrease the sSupply of X. Increase the supply of X.

Q: What are the benefits of considering the economic decisions?

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: three types of business activities? Distinguish one from the other

A: Business activity can be considered as an economic activity and a profession at the same time.…

Q: Why do companies have to study their environment first before venturing into new business?

A: In economics and business, the environment refers to the surrounded area where people make economic…

Q: is it important to use packaging materials in storing your sandwich?why

A: Sandwich making necessitates a considerable bit of manual labor. Whether one is creating sandwiches…

Q: Can someone answer more of the questions?

A: Disclaimer- “Since you have asked multiple question, we will solve the last three question of 1st…

Q: definition of products, goods and services

A: TO understand the definition of these terms, we need to understand that goods and products are used…

Q: Let’s say that you need a car. How would you go about deciding which car to buy?

A: The mechanism by which a person or a company decides the course of action to take is referred to as…

Q: Does the decision you choose turned out to be effective?how?

A: Effective decision : It is defined here as the process through which alternatives are selected and…

Q: What is the sequence of events in a literary work?

A: Being able to be able to identify the event components like the beginning, middle, and end is known…

Q: What is the matter economic

A: Discussing the "matter" of economics involves exploring its fundamental components and core…

Q: Which project should be chosen? Why?

A: To calculate the benefit-to-cost ratio for both projects, we need to determine the total benefits…

Q: Why do we use mind mapping

A: Mind mapping is the diagrammatic representation of information, task or concepts.

Q: Are options b through e correct or incorrect?

A: A price ceiling is the commanded most extreme amount a dealer is permitted to charge for a product.…

Q: What makes housing and housing markets unique compared to other goods?

A: The Housing Market refers to the supply and demand for houses in a particular country or region in…

Q: What is one pkus one

A: Step 1:One plus one equals two1+1 = 2 For example if you have one apple and you get one more apple ,…

Q: Express your thoughts/ideas regarding the given topic "My home.

A: ANSWER:   MY HOME : * Home is place where we stay with our families and live safely :The saying East…

Q: Adam picked 240 oranges from his orchard. He packed them equally in 12 bags and sent them to the…

A: Resource allocation refers to the process of distributing available resources among different uses,…

Q: what is the most important concept in satisfying needs and wants

A: A need is anything which is a basic necessity and is required to live. On the other hand, wants are…

Q: difference between goods and services?

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…

Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC