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Two goods are substitutes when

a. If the price of bacon rises, and as a result the demand for sausage increases, this implies that these two goods aresub
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Due to an increase in her rent, Isa needs to cut back her spending on other items. Which of the following types of goods will
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2. asked by Zach Ketchup
3. 1,512 views
the marginal rate of substitution between two goods is zero, these goods are perfect substitutes.M
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2. asked by Mafia
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Which of the following products is most likely to be ELASTIC?Group of answer choices A product with no substitutes A product
1. 1 answer
2. 28 views
Generally, the activities of the Daughters of Liberty were morethan those of the Sons of Liberty. They supported the Sons of
1. 1 answer
2. 22 views
if an increase in the price of blue jeans leads to a decrease in the demand for tennis shoes, then blue jeans and tennis shoes
1. 1 answer
2. 27 views
All of the following would cause demand to be more inelastic except:A. Urgent consumer need B. The price is a small fraction of
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2. asked by Nevaeh
3. 367 views
How can the demand for one good be affected by increased demand for another one?When goods are bought together, increased demand
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2. 28 views
Substitutes are goods that can be swapped out for another. If the price of a subtitle in production increases then supply for
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2. 26 views
In this kind of market, firms produce goods that are very close substitutes.Group of answer choices Perfect Competition
1. 1 answer
2. 34 views