Suppose as a result of a 5% increase in the price of pizza, the demand for soft drinks decreases by 1.1%. In this example, soft drinks and pizza are

Answers

Answer 1

Soft drinks and pizza are example of complement goods.

What are complement goods?

Complement goods are goods, where the price of one rises and as a result the demand for the other falls. This implies that these two goods are complement.

Example of complement good is If the price of coffee​ rises, and as a result the demand for sugar​ falls, this implies that these two goods are complement.

Hence, the demand for soft drinks and pizza are example of complement goods.

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Related Questions

Suppose Country A has a real GDP per capita of $18,000 and Country B has a real GDP per capita of $24,000. We can conclude that:

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Based on the real GDP per capita of Country A and B, it can be concluded that the standard of living in Country B is higher.

What does real GDP per capita mean?

Real GDP is the value of all final goods and services produced in an economy in a given year adjusted for inflation. Real GDP per capita is the real GDP of a country divided by the population of the country, Real GDP per capita is used to measure the standard of living of the population.

If the Real GDP per capita of a country is $18,000. It means that the share of the country's Real GDP that each person in that country gets is $18,000.

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Jeffrey decided he could earn a nice profit by developing courses and offering one-on-one help to older customers in overcoming their technology deficiencies. Although the business struggled at first, he is experiencing a good deal of success now. Jeffrey has many satisfied customers, and the business has grown to the point where he now employs several workers. Jeffrey's experience is an example of

Answers

Jeffrey's experience is an example of the invisible hand concept.

What is the invisible hand concept?

The invisible hand is known and regarded as a form of metaphor that iis often used for things that are unseen/ unseen forces that tends to shift the free market economy.

An individual self-interest and freedom of creation and consumption, the  interest of society, as a whole, are meant via this invisible hand concept .

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What would be a concern addressed in a strategic plan?.

Answers

Answer:

Strategic planning is concerned with the future or the long-term dynamics of the firm. Second, it is concerned with growth. Third, it is concerned with environment, the fit between the enterprise and its environment.

On May 1, Doormart received an order from a customer. The goods were shipped FOB shipping point on May 3. The customer received the goods on May 5 and paid for the merchandise on June 1. When should Doormart record the sale

Answers

Based on the information given Doormart should record the sale on May 3.

Free on Board Shipping Point

Doormart should record the sales on the day in which the goods were shipped FOB shipping point.

Based on the information given the day in which the goods were shipped FOB shipping point was May 3.

Reason being that buyers tends to take the delivery of the goods, once  the goods has be shipped by the seller or once the goods has leave the seller shipping point.

Inconclusion  Doormart should record the sale on May 3.

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The population of the US is about 320 million people. If annual consumption of petroleum in the U.S. is about 24 barrels per capita (per person), calculate the total annual consumption of petroleum. Put your answer in scientific notation.

Answers

Answer:

Capita. = 698108. 300,000,000 - us population. 3x108 = us population per capita (2003) If the annual consumption of petroleum in the United States

Explanation:

This took me a long time next time can you make it more points bc then I will help more

Which site factor best explains the linear pattern of urbanized areas extending between washington, d. C. , philadelphia, new york, and boston?.

Answers

It should be noted that the site factor that  best explains the linear pattern of urbanized areas like Washington, D.C., is abundance of deep-water harbors and waterfalls.

What is the site factor of the linear pattern of urbanized areas?

The site factor that influence the pattern  especially in Philadelphia, New York, and Boston is the deep-water harbors and waterfalls.

And this area is flat coastal plains met higher lands is it extends to Washington, D.C

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true or false?

Someone who frequently calls customer service for assistance but still purchases several phone and Internet plans is considered a valued customer. *
TRUE OR FALSE?

The 80/20 rule tells marketers that 80% of their revenue is generated by 20% of their customers.

TRUE OR FALSE?

________ strategy involves deciding how you want your product to appear relative to its competition.

TRUE OR FALSE

Answers

Answer: I hope this helps!

Explanation:

1. True

2. True

3. Product

True or false: One consequence of big cities' ceasing to be industrial centers is that homes, jobs, and issues of interest have become focused on downtown areas.

Answers

The answer is false….

Grace owns a dog-walking business that she started in high school. Her first goal was to earn money after school and supplement her allowance. Now that she has finished college and maintains a long client list, she plans to run the business full time. She keeps all the profits and has kept things simple by relying on word-of-mouth to obtain new clients. Grace's business is a(n):_____.

Answers

The type of Grace's business is a sole proprietorship.

What is sole proprietorship?

A sole proprietorship is known to be the most easiest and most common type of  business to start.

It is known to be a form of unincorporated business that is often owned and run by one person with no distinction between the business and the person, which is the owner.

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Scenario A. Luna is a manufacturer of fashion jewelry. The company has been operating for the past decade and is well known. When the CEO, Aimee, was asked by a local newspaper during an interview about the secret to her success, she stated that there were several reasons. She makes sure that the company always introduces new styles of jewelry to suit changes in tastes and stay a step ahead of her competitors, and the company offers its customers the best by using fine-quality semiprecious stones in artful settings. She also stated that the company's salespersons cater to customers individually to help them purchase jewelry appropriate for their personal style. Luna has its own exclusive website, which can be accessed anywhere in the world, and customers are promised that they will get what they order within 36 hours. From Scenario A, it can be understood that Aimee is an example of a(n) Select one: a. strategic manager. b. frontline manager. c. operational manager. d. tactical manager. e. middle-level manager.

Answers

Given that the business is said to make changes that suit the taste of consumers we can agree that Aimee is a strategic manager.

Who is a strategic manager?

This is a person that is involved in the planning and the analysis of the market to which a business belongs.

A manager like Aimee is a person that is involved in the oversight of the key strategic plans that would help the business grow.

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Lean manufacturing has been adopted by a variety of companies. How might a shoe manufacturer use this
manufacturing style to add more value to the shoes they sell? (Select all that apply.)
-Stockpile leather to get the most benefit from economies of scale
-Purchase leather in amounts matched to demand
-Base production levels on demonstrated capacity
-Include manufacturing operations in the design phase

Answers

Answer:

I think it is b c d

Explanation:

A doesnt support lean manufacturing because stockpiling will increase time needed for production, manufacturing. B, C, and D express ideas that support lean manufacturing. B supports having an even supply for even customers. C supports only making what you need limiting times. D describes the plan you will make in manufacturing which supports lean manufacturing.

Hope this helps!

What is the country that consumes the most vegetables per year?.

Answers

Answer:

According to the web, China consumes the most vegetables per year.

Explanation:

Answer:

There is a lot of mixed answers between India and China but I would believe India. I believe this since in India the common practice is Hindu, which they believe that people reincarnate into animals which they eat vegetables and fruit.

Explanation:

______ refers to a set of unspoken guidelines that employees share in various work situations. Multiple choice question. Organizational theory Organizational culture Organizational climate Organizational structure

Answers

It can be noted that the set of unspoken guidelines that employees share in various work situations simply means the conclusion organizational culture.

What is organizational culture?

Organizational culture simply means the underlying beliefs and values that can be found in a company.

They are simply the set of unspoken guidelines that employees share in various work situations.

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A decrease in the price of toothpaste in a tube can lead to a decrease in the purchase of toothpaste in a pump. This means:

Answers

Answer:

They are complementary goods

Explanation:

Complementary goods are goods that are typically purchased together. For example: a bicycle and a helmet, a book and a bookmark, a pillow and a pillowcase, etc. Whatever happens to one good will typically end up happening to the other. If one becomes more expensive, the other typically will as well, and so on.

True or false: The person who has custody of an asset should also account for the asset. A person who performs both duties will best know what the balance should be in the accounting records

Answers

It is FALSE that the person who has custody of an asset should also account for the asset.

What are asset custody and accounting for an asset?

Asset custody involves physical safety of an asset.  Accounting for an asset involves the maintenance of proper records in the accounting system.

These two accounting duties must be separated and assigned to two persons under the principle of separation of duties.

Thus, it is FALSE that the person who has custody of an asset should also account for the asset because of the attached knowledge of the asset's balance.

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In terms of product differentiation, how many benefits should a company aggressively promote to the target market?.

Answers

A company should aggressively promote to the target market one benefit.

What is product differentiation?

Product differentiation refers to strategies used by producers to make their product unique from others. This means that at a glance, consumers or buyers can quickly spot the products compared to the competitors.

With regards to the above, product differentiation entails having a product with distinct features hence companies should promote one benefit to the target market.

Therefore, a company should aggressively promote to the target market one benefit.

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The law of supply tell us there is a negative, or inverse relationship between:_____.
a. the price of a good and the quantity supplied.
the higher the price, the lower the quantity supplied.
that as the price of a good increases, producers will increase the quantity supplied.
the positive relationship between the price of a good and quantity demanded by consumers.

Answers

Explanation:

the positive relationship between the price of a good and quantity demanded by consumers.

A family has total assets of $240,000 and total liabilities of $180,000. What is thefamily's net worth?

Answers

Answer:

60k

Explanation:

Subtract the family's liabilities from their total assets to give you their net worth.

Answer:

Hope it helps you.

$60,000

Hector, a manager for a fulfillment center, is in the process of recruiting new employees. Hector creates a detailed schedule for training new employees over a period of four weeks. This is most likely to be found in a(n) ________ plan.

Answers

Hector scenario is most likely to be found in a training  plan.

What should be found in a training plan?

The Training Plan is known to be the outlines of all the objectives, needs, strategy, and curriculum that would be handled or to be addressed when training users.

Conclusively, It is often employed when training users on the new or enhanced information system.

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EXAMPLE 1: invests $500 at a simple
interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?

Answers

One month: $30
Six months: $180
One year: $360

Differences between the bank statement balance and the cash account balance in the accounting records are primarily caused by timing differences and.

Answers

Differences between the bank statement balance and the cash account are caused by timing differences and error.

What is bank reconciliation?

A bank reconciliation statement is a document prepared to show and present the main reasons for the difference between the bank statement's balance and the bank accounts balance.

The purpose of bank reconciliation is to identify errors preventing both bank and cash account from balancing.

Hence, the differences between the bank statement balance and the cash account are caused by timing differences and error.

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do The citizens of the United States live and work in a

Answers

Answer:

Brainliest pls

Explanation:

Mixed Market Economy

Unit cost is: a.the sum of the process category unit costs. b.the sum of the unit cost of labor used in all departments. c.the sum of the unit cost of materials used in all departments. d.the sum of the input category unit costs.

Answers

Unit cost can be described as the .the sum of the process category unit costs.

What is unit cost in simple terms?

This is the sum of the total expenditure that was used in the manufacturing process for a unit of product or service.

It is the cost of good that was used in the manufacture, the storage an d the sale of that product.

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The process of making decisions about goals and activities that an organization will pursue in the future is referred to as.

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The process whereby a organization makes decisions about what they will do in the future is known as planning.

What is planning?

Planning simply means the process of thinking in order to achieve a desirable goal.

Planning is the process of making decisions about goals and activities that an organization will pursue in the future.

Organizations make plans in order to increase sales, revenue, etc.

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which is greater: 1 hour or 60 minutes?

Answers

Answer:

they are equal

Explanation:

60 minutes is the same as an hour

What are the advantages of picking fruits safely from the tree

Answers

Answer:

You wont get seriously injured

Explanation:

Be safe and use a ladder or somekind of fruit picker when trying to harvest fruits.

Assume that the dollar has been consistently appreciating over a long period. The fed decides to counteract this movement by intervening in the foreign exchange market using nonsterilized intervention. The fed would:.

Answers

As the dollar have been appreciating over a long period. the fed can counteract the trend in the foreign exchange market by:

buying dollars with foreign currencybuying Treasury securities with dollars.

What is the function of the Feds?

Feds means Federal reserves. Some of the main function of the Federal reserves includes:

conducting national monetary policysupervising and regulating banksmaintaining financial stability etc

In conclusion, the counteractive action that includes buying dollars with foreign currency and buying treasury securities with dollars will help control the over-appreciation of the dollar value.

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True or false: A manager trying to motivate his subordinates by focusing on the pride they will feel for completing a task successfully is unlikely to be successful if his subordinates are hungry or cold at the time.

Answers

It is TRUE that a manager who tries to motivate his subordinates by focusing on the pride they will feel for completing a task successfully cannot meet with success if his subordinates are hungry or cold at the time.

What is the motivation of workers?

The motivation of workers stems from the enthusiasm, energy level, commitment, and amount of creativity that an employer or supervisor allows the employees to bring to the workplace.

Some factors have been recognized to provide employee motivation.  They include:

Meaningful and purposeful workPositive company cultureRecognition for hard workEmpathyCreating opportunities for learning and developmentCareer progression.

Thus, it is TRUE that a manager who tries to motivate his subordinates by focusing on the pride they will feel for completing a task successfully cannot meet with success if his subordinates are hungry or cold at the time.

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what is the options bar known as

Answers

Option Bar is also known as TOOL PANEL.

If the nominal interest rate is 4 percent and the inflation rate is 6 percent, then the real interest rate is a.-4 percent. b.-2 percent. c.0 percent. d.2 percent.

Answers

The real interest rate given the nominal and inflation rate is -2 percent

How to calculate the real interest

The formula for calculating real interest given the nominal and inflation rate is expressed as:

Real interest rate ≈ nominal interest rate − inflation rate

Given the following

Real interest = 4%

inflation rate = 6%

Substituting into the formula

Real interest rate = 4% -  6%

Real interest rate = -2%

Then the real interest rate given the nominal and inflation rate is -2 percent

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