Assume the market for extra-long twin mattresses is in equilibrium. There is a sudden decrease in income throughout the economy. If all else is held constant, we would expect that if extra-long twin mattresses are a(n) good, then the demand curve will shift to the causing the equilibrium price and quantity to inferior: left; fall normal; right; rise inferior; right: fall O normal; left: fall O normal; left: rise

Answers

Answer 1
Answer:

When there is a sudden decrease in income throughout the economy, it will affect the demand for goods and services. If extra-long twin mattresses are an inferior good, it means that as income decreases, the demand for these mattresses will increase. The correct answer is: inferior; left; fall.

This will cause the demand curve to shift to the left, leading to a fall in the equilibrium price and quantity. This is because when the demand curve shifts to the left, it indicates a decrease in demand, which will cause a decrease in the price and quantity of the good in the market. Therefore, the correct answer is "inferior; left; fall."

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Answers

Answer:

Teaser advertising

Explanation:

Advertising refers to promotion of a product or a service using mass appealing channels such as print media, television, banners and posters.

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• What is value chain analysis?

Answers

A value chain analysis is the process of identifying the primary and support activities that add value to a product and seek ways to reduce costs or increase differentiation. It is a strategy tool used to analyze the firm’s activities. This will help the firm identify which activities are more valuable and which activities can be improved to gain competitive advantage.

Match each scenario with the economic concept it describes.A.)dumping
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C.)quota
___________________________________________
1.)To protect its plastic industry from
foreign competition, country A
raises taxes on plastic imports.

2.)Country A decides that it will allow
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Answers

B matches with 1, C matches with 2 and A matches with 3. A tariff is a tax or duty that gets paid when people are importing or exporting, so raising taxes on plastic imports to protect your country's industry is a tariff. Only allowing a certain amount of a substance to be imported introduces a quota. Dumping is where prices are kept lower than in the home market by foreign importers which removes local competition.

The correctmatches for the given list is as follows A) Dumping - 3, B) Tariff- 1, C)Quota- 2.

What do you mean by Dumping, Quota and Tariff?

When a countryexports it's product to another country with the amount that is lower in the foreignmarket, it is known as Dumping.

Quota is something that restricts the import of goods and product from another country.

Tariff is the amount, usually charged on the import of the goods.

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Describe how you would use any five entrepreneurial qualities to make sure that your business is a success

Answers

Passion
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Answers

In a requirement document

The requirement document usually varies and heavily depended on the type of project , the preference of the shareholders, and our business analysis standard

it usually consist of a set of standards for the business requirements


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Answers

Answer:

A is true

Explanation: