Business

Business, 05.07.2019 11:00, ansonhunter8891

Over time, technological advance increases consumers' incomes and reduces the price of smartphones. each of these forces increases the amount consumers spend on smartphones if the income elasticity of demand is greater than and if the price elasticity of demand is greater than

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Business, 23.09.2019 20:30, santileiva123199

Consider the market for smartphones. explain whether the following events would cause an increase or a decrease in supply or an increase or a decrease in the quantity supplied. illustrate each, and show what would happen to the equilibrium quantity and the market price. a. the price of touch screens used in smartphones declines. b. the price of machinery used to produce smartphones increases. c. the number of manufacturers of smartphones increases. d. there is a decrease in the market demand for smartphones

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Law, 30.09.2019 22:00, hiji0206

According to the law of , there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why? a. when the price of a good increases, consumers purchase complementary goods that are now relatively less expensive. b. when price increases, quantity demanded increases. c. when the price of a good increases, consumers' purchasing power falls, and they cannot buy as much of the good as they did prior to the price change. d. a and c only.

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Business, 29.10.2019 01:31, hiji0206

Which of the following best describes why the aggregate demand curve is downward sloping? a.as the aggregate price level decreases, the stock of existing physical capital increases. b.as the aggregate price level increases, consumer expectations about the future change. c.an increase in the aggregate price level causes consumer and investment spending to fall because consumer purchasing power decreases and money demand increases. d.as a good\'s price increases, holding all else constant, the good\'s quantity demanded decreases.

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Business, 10.11.2019 05:31, 24hudsonmoss

Gthe multiplier effect states that there are additional shifts in aggregate demand from fiscal policy, because it a. decreases income and thereby increases consumer spending. b. reduces investment and thereby increases consumer spending. c. increases income and thereby increases consumer spending. d. increases the money supply and thereby reduces interest rates.

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