For these examples you will be looking at the hamburger (a normal good) market. Identify the delerminant (SI for each scenario. Price of tacos, a substitute, decreases Trick question, prices doe: v Strange virus kills 20% of cows Supply- Prices and availak v

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: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: What factors commonly influence a person’s daily buying choices? Select one of these and explain how…

A: These are the factors which influence a person’s daily buying choices: The income of the consumer:…

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A: Consumer culture refers to increasing consumption of commodities purchased as  a person's well being…

Q: Answers are A and B, D and E, E and F, F and H, or H and I

A: The indifference curve depicts the combination of two goods that derives the same level of utility…

Q: what are four goods and services that people consumed on an average day

A: The ultimate good that a company makes and sells to the customer is referred to as a consumer good.…

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: Answer the questions a through f

A: As per company policy we are only supposed to answer one question up-to 3 subsets in one session, so…

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A: Microeconomics refers to the branch of economics that is concerned with a single factor and affects…

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A: It isn't kind of rule to mention but the air tickets when booked few month before the flight tends…

Q: is how much of a product or service people are willing to buy at a specific price. Your answer…

A: Answer: (1). Quantity demanded is how much of a product or service people are willing to buy at a…

Q: What should be done to regain the lost customers?

A: The lost customers can be gained by following ways: 1. Decide if the producer wants them back. Not…

Q: does not exist today for which there is a market need

A: Market need: It refers to the need or demand of the people who have to be fulfilled by the producers…

Q: A student decision about how to allocate his time between studying two subjects ?

A: A student is an individual.

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A: Affordance: A feature of an object is to give the user a hint as to how to utilize it, what…

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A: Consumer behaviour is very important for any firm to determine what goods and services need to…

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A: Here we need to find the amount of a good that he or she will buy :  Now, As we know that, The…

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A:

Q: Types of consumer goods

A: Consumer good is a final good purchased by a consumer.   Generally, there are 3 type of consumer…

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A: Marginal revenue is defined as the additional revenue earned by an individual when he sells an…

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A: Demand for inferior products is often determined by client behavior. Inferior smart refers to…

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A: Income is the financial gain earned during a particular period of time.

Q: please answer second question as a different question now!

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Q: difference between goods and services?

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