Read the passage and then answer the question:
A business has been researching sales data on its latest product. The data
show that a lot of customers want to buy its product but can't afford to at its
current price. The business decides to lower the price, resulting in a huge
increase in sales.
The situation described in the passage most reflects the impact of which
concept?
A. The income effect
B. The substitution effect
C. The law of demand
D. The law of supply

Answers

Answer 1

There are a lot of laws. The situation described in the passage most reflects the impact of The law of demand.

What is the law of demand?

The law of demand is known to be one of the  key and fundamental principle of economics.

It states that at an increased price, consumers will tend to demand a lower quantity of a good or services.

The shape and magnitude of demand shifts is due to the response to the various changes in consumer preferences, incomes, and others.

Learn more about The law of demand from

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Answer 2

Answer:

the law of supply

Explanation:


Related Questions

Who fought alongside British
when they were ordered to
infiltrate Bennington, VT during
the Battle of Saratoga?
A. General Horatio Gates
B. The French Naval Fleet
C. The Native Americans

Answers

Answer:

A. General Horatio Gates

Explanation:

The General Horatian Gates

So that, thus it is that natural men are held in the hand of God, over the pit of hell...; and God is dreadfully provoked, his anger is as great towards them as to those that are actually suffering the executions of the fierceness of his wrath in hell, and they have done nothing in the least to appease or abate that anger, neither is God in the least bound by any promise to hold them up one moment; the devil is waiting for them, hell is gaping for them, the flames gather and flash about them, and would fain lay hold on them, and swallow them up... Jonathan Edwards, Sinners in the Hands of an Angry God, 1741 This primary document offers information about which aspect of Colonial culture?

Answers

Answer:B

Explanation:

MCWhich of these were traded along the Silk Road?
O muslin and cucumbers
O democracy and jade
O quetzal feathers and cocoa beans
O maize and quinoa

Answers

[tex]\left[\begin{array}DDemocracy\\And\\Jade\end{array}\right][/tex]  

Some goods and ideas that were traded along the Silk Road included  democracy and jade.

What was traded on the Silk Road?

The Silk Road saw the exchange, trade, and transition of goods and ideas across Eurasia.

Some of the goods traded included jade and silk from China, and an idea that was transmitted was democracy.

Find out more on the Silk Road at https://brainly.com/question/24869354.

Describe the works of Saint Patrick in the 400's.

Answers

Patrick was a Christian missionary and the patron saint of Ireland, he converted the people of Ireland to Christianity. Patrick was also a missionary in Ireland during the second half of the 5th century. Italian saint and monk, he created a set of rules for monks to follow

Answer:

Saint Patrick was a Christian missionary and the patron saint of Ireland, he converted the people of Ireland to Christianity. He also worked for Charlemagne. Charlemagne was a ruler of Europe during the medieval times and his goal was to convert everyone to Christianity

The Maya were a Mesoamerican society that developed writing and made advancements in math.
True
False

Answers

Answer:

True

Explanation:

The Mayans created an alphabet with 800 letters and created a calendar. They also came up with a counting system unlike anywhere else.

Have a wonderful day! :D

Does nevada have a constitution of its own?

Answers

Answer:

Yes

Explanation:

They have their own original laws, called the Nevada Constitution. So, the answer is yes. Hope this helps!

PLEASE GIVE BRAINLIST

PLEASE GIVE BRAINLIST

PLEASE GIVE BRAINLIST

THE CONSTITUTION OF THE STATE OF NEVADA. [The Nevada constitution was framed by a convention of delegates chosen by the people. The convention met at Carson City on July 4, 1864, and adjourned on July 28 of the same year. ... Leadlines for sections have been supplied by the Legislative Counsel of the State of Nevada.]

HOPE THIS HELPED

Is the term Gilded Age positive or negative? Explain

Answers

Answer:

Negative

Explanation:

It was a period where greedy, corrupt industrialists, bankers and politicians enjoyed extraordinary wealth and opulence at the expense of the working class.

What countries are considered part of East Asia

Answers

Answer:

the following eight are the countries considered as part of east asia

Explanation:

   China.

   Hong Kong.

   Japan.

   Macau.

   Mongolia.

   North Korea.

   South Korea.

   Taiwan

Answer:

China, Hong Kong, Japan, Macau, Mongolia, North Korea, South Korea, Taiwan.

Explanation:

Large natural stream of water that run through the land is called?

Answers

A stream is a body of water with surface water flowing within the bed and banks of a channel. ... Long large streams are usually called rivers. Streams are important as conduits in the water cycle, instruments in groundwater recharge, and corridors for fish and wildlife migration.
Body of water/ rivers

The Caddo that originally lived in East Texas were also living in which geographic region?

Answers

Answer:

The Caddo lived in east Texas in the piney forests. Look at the map of East Texas Indian lands. Their territory extended into Louisiana

Explanation:

good question the caddo's territory was all the way to lousiana

What natural boundary helps form the border between the United States and Mexico?​

Answers

The answer is the Rio Grande

1. What year did 9/11 happen?

Answers

Answer: 2001

Explanation:

More education leads to a ___ likelihood of voting.

Answers

Answer:

greater

Explanation:

People with more education have been taught the importance of voting and are therefore more likely to vote.

It leads to a greater likelihood

Using a triple-beam balance, Ashley finds the mass of a paper clip to be 11
grams. What would the mass of the paper clip be if it were measured on the Moon
using a triple-beam balance?

Answers

Nxndndndndnnnnnnndnnndndnnndnndnnndndndnnenenn

How can people conserve water? Check all that apply.
O by carpooling to school or work
O by turning off faucets when they are not using them
by using drinkable water to wash cars
O by fixing leaky appliances
O by using energy-efficient appliances
O by recycling water

Answers

By turning off faucets when they are not using them, by fixing leaky appliances, by using energy-efficient appliances, and by recycling water

Answer:

B.) by turning off faucets when they are not using them

D.) by fixing leaky appliances

E.) by using energy-efficient appliances

F.) by recycling water

Explanation:

Got it right on Edge

How did the Eastern Cherokee respond to the signers of the Treaty of Echota after arriving in the Indian Territory??? History

Answers

Answer:

The Treaty of New Echota aimed to lay down the terms by which the Cherokee Nation in its entirety, would give up their territories and move west into indian territory.

Answer:

C

Explanation:

after the removal to the Indian Territory, the signers of the Treaty of New Echota are assassinated. They are blamed by many for starting Indian removal and leading directly to the Trail of Tears.

What change marked the beginning of the New Stone Age and how did that change impact people’s way of life?

Answers

Answer:

Farming did. After farming became known as the beginning of the New Stone Age peoples lives began to change and alter them too because farming meant they wouldn't need to hunt for animals, plants, and fish. This also meant they gained more skills and technologies.

Explanation:

According to the map, how did the Nile River help Egyptians trade?According to the map, how did the Nile River help Egyptians trade?

Answers

the nile river went through more than one country, so it was easier for them to trade their goods and materials to more countries.

Answer:

Trade was expanded as a result of the Nile because the river gave Upper Egypt access to Nubia and Lower Egypt access to the Levant. Nubia was the trading center for goods from Africa’s interior, so the Nile enabled the Egyptians to transport African goods all the way to the Mediterranean Sea.

Explanation:

This is the exact answer the test is looking for/ exam for me

Why is getting a bill through Congress so difficult and complicated?

Answers

Every single bill that is presented to the House or Senate is referred to a committee, which then refers the bill to an subcommittee. The subcommittees hold hearings and conduct research and investigations into the bill and its details. Once the committee agrees upon it then referred back to the House for debate and passage. On the floor of the House, members who oppose the bill may try to stop the bill from being passed in a number of ways. which would discourage continued pursuit of the bill, or by adding completely unrelated and completely undesirable amendments that may force the President to veto the bill

what country did john cabot sail for

Answers

Answer:

John Cabot was a Venetian explorer and navigator known for his 1497 voyage to North America, where he claimed land in Canada for England. After setting sail in May 1498 for a return voyage to North America, he disappeared and Cabot's final days remain a mystery

Explanation:

Answer:

He was trying to sail to North America but found Canada.

Explanation:

What are three reasons on why there is a need for government in the environment?

Answers

NVM sorry I read the question wrong

helppp meee plz.. on history​

Answers

Answer:

c

Explanation:

Answer:

A

Explanation:

Coastal groups depended primarily on the buffalo and other wild game as a means of survival and were often on the move.

BRAINLIEST PLZZZ!!!

Language of aztecs 4-3 long sentence about it

Answers

Answer:

The language of the Aztec is called Nahuatl, which was the dominant language of Central Mexico from as early as the 7th century CE.  While historians and linguists have identified several different varieties of Nahuatl, it is best known as the language of the Aztecs from their rise to prominence in the 14th century until they were conquered by Spanish conquistadors in 1521.  As well, there is some disagreement among historians about where Nahuatl originated as a language but it is generally accepted that the language first began in Central Mexico or a little more to the north in Northern Mexico or the Southwestern United States.

Explanation:

Select the correct answer from each drop-down menu.
New England didn't have enough agricultural products to export. Agriculture was practiced on a much smaller scale in the New England
colonies because of (marshy lands, rocky soil, uneven plains)
and (attacks by Indians, lack of water, a short growing season)

Answers

Answer:

i believe its rocky soil and lack of water

Explanation:

HELP ME PLZ Which cultural area includes the city of Alexandria?

Sportsman’s Paradise
Crossroads
Cajun Country
Plantation Country

Answers

Answer: the crossroads

Explanation:

Answer:

c

Explanation:

once mountains have been formed what is the biggest force acting on them

Answers

It is volcanic mountains hope this helps

Explain the impact on colonial life of the two events known as the Great Awakening and the Enlightenment. What are the basic ideas associated with each? How did they impact American thought, behavior, acceptance of authority and social structure?

Answers

Answer:

Effects of the Great Awakening

The Great Awakening notably altered the religious climate in the American colonies. Ordinary people were encouraged to make a personal connection with God, instead of relying on a minister. Newer denominations, such as Methodists and Baptists, grew quickly.

Explanation:

Which question would a demographer most likely ask? ASAAPPPP PLSSSS

Which ethnic groups live in this community?
Which officials sit on the city’s school board?
What is the price of gasoline and oil in this area?
Which landforms and waterways make up this region?

Answers

The question that every demographer most likely ask is question regarding the ethnic groups live in this community.

Who is demographer?

The science of population is known as demography. Demographers study three key demographic processes: birth, migration, and aging, in order to better understand population dynamics that also includes the death.

The demographers are mostly ask the question in his research about “Which ethnic groups live in this community?”

Therefore, option A is correct.

Learn more about the demographer, refer to:

https://brainly.com/question/13146758

#SPJ2

Answer:

A

Explanation:

Which ethnic groups live in this community?

Colonial leaders justified their plan to become independent from England by arguing that
O colonists should have the same freedom of speech as Parliament.
the judicial branch of government, not the king, should interpret laws.
King William should have ended the Dominion of New England.
the king had violated their rights and had lost the right to rule them.

Answers

Answer:

D.

Explanation:

Which belief system began in China and established a governmental model, defined leadership principles, and promoted scholarship?

Zoroastrianism
Hinduism
Confucianism
Judaism

Answers

Answer:

the answer is Confucianism

Explanation:

Confucianism began in China around same time as Buddhism, Jainism. Confucianism is not a religion, but a belief system based on the philosophy of Confucius.

Other Questions
A square and a circle sat down one day and each of them had a lot to say. The square sald, "I have four sides, all straight and true. I make buildings and boxes and cages at zoos, Which don't let the wild animals ever escape. I must be the most useful shape." The circle sald, "I have no beginning, and I have no end, My one side is one perpetual bend. I make marbles and bubbles and a target's bulls-eye Surely there's no shape lovelier than I." With which statement would the author most likely agree? 1. Squares are more common than circles in the real world. 02. Circles are seen in nature more than squares. O 3. Squares and circles are the most important shapes of all. 4. Circles and squares are both interesting and common. answer im timed i'll mark brainliestRobert is creating a newsletter in Word and needs to have the ultimate flexibility on the placement of images and text. Which component is treated like an image but still allows free-flowing text? shapes styles pictures text box Which statement about the expression istrue?- 2/2 - 1/3The product is less than -1The product is greater than 1The product is a positive numberThe product is less than both factors. how many balance electrons does sodium have Water, a stable liquid, is formed when two flammable gases, hydrogen and oxygen, combine. What has happened?O An atom has been created.O A compound has been created,O A mixture has been created,An element has been created A 5000-ft long X-65 pipeline is laid down on seabed with two PLETS (One at each end). The pipe OD=7-in with 0.5-in wall thickness. The pipeline was laid at environmental temperature of 40 F (As- laid temperature). When pipeline is put into operation, the oil flow was produced at 140 F. If the thermal expansion coefficient of the pipe material is 6.5*10-/F and its modulus of elasticity is 30,000 ksi, determine the compressive load applied by the pipeline on a PLET due to its thermal expansion. Assume no temperature change and no seabed friction along the pipeline span. Generate a number that has a digit in the hundred thousand place that is 10 times the digit in the ten thousands place. Which best describes what happened to New Harmony? The community was a failure. The community was a success. The community was destroyed by fire. The community still exists. What were the physical activities in your childhood that you still do today? Do you spend more time now in doing these activities as compared before? What is one of the biggest differences between the Paleolithic and Neolithic time periods? 1. Travis makes $459 for 36 hours of work, and Jack makes $535.50 for 42 hours of work.a. How much do Travis and Jack each make per hour? Using the equation for for Newton's Second law, m=F/a solve the following problem. You have been given an object with a force of 10N and an acceleration of 2 m/s2, what is the mass?Group of answer choices1. 8g2. 3g3. 20g4. 5g Why did many Northerners, including the Radical Republicans, believe the Southerners deservedto be punished. RecoveryWhich of the following does notcontribute to water pollution?A. factoriesB. farmsC. human and animal wasteD. education Help me please please Suppose you have a sample of 35 children with antisocial tendencies and you are particularly interested in the emotion of surprise. You find that while the average 10 year old has a score of 13.10 on the emotion recognition scale, your sample of 10 year old children with antisocial tendencies has an average score of 14.35 with a standard deviation of 4.63. A higher score represents that it took a higher degree of emotional expression for the child to correctly identify the emotion of surprise, indicating greater difficulty recognizing the emotion. Assume that scores on the emotion recognition scale are normally distributed. The null hypothesis is that your sample of children with antisocial tendencies would have no more difficulty recognizing emotion than the general population of 10-year olds. Stated using symbols:_________________ (a). this is a ______(b) tailed test. Given what you know, you will evalute this hypothesis using a _____(c) statistic.In order to use the t distribution, you will first need to determine the degrees of freedom (df) for alpha=.05. The degrees of freedom is: _____(d). The critical value of t is:_____(e) Calculate the t statistics. To do this, you will first have to calculate the estimated standard error. The estimated standard error is ____(f). The t statistic is _____(g). (Hint: for the most precise results, retain four significant figures from your calculation of the standard error to calculate the t statistic.) The t statistic ______(h) lie in the critical region. Therefore, you ____(i) reject the null hypothesis. Based on the results of this test, there ____(j) enough evidence to conclude that children with antisocial tendencies have greater difficulty recognizing surprise than do children without antisocial tendencies: Options for b: two- or one- Options for c: z or t Options for d: 33, 34, 35, 36 Options for e: .549, 2.032, 1.691, 1.645 Options for f: 0.38, 4.63, 0.78, 35 Options for g: 2.45, 1.60, 3.19, 3.30 Options for h: does not OR does Options for i: cannot OR can Options for j: is OR is not can someone help me find the final answer to this im very confused how to find these answers? Supplementary angles must share a common side. True or False does the national government exercise too much control over the states or not ?