Suppose that beer and pretzels are complements and that the price of beer rises sharply. according to the material presented in this unit, what should happen to the equilibrium price and quantity of pretzels?

Answers

Answer 1
Given:
beer and pretzels are complements
price of beer rises sharply

With this scenario, the equilibrium price and quantity of pretzels will both decrease. 

Complement goods means that they go together. The change in one affects the other. Because the price of the beer rises, its demand will decrease and since pretzels is a complementary good to the beer, its demand will also decrease.

So the equilibrium price and quantity of the pretzels will fall. 

Related Questions

Roger wants to show the chronological steps in the process of applying for college grant. which type of visual aid would work best? photograph pie chart numbered list map

Answers

I believe it would be a numbered list

What are the manager's roles in a development system? which role do you think is most difficult for the typical manager? which is the easiest role? list the reasons why managers might resist involvement in career management?

Answers

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A development manager will collaborate with other department heads to set project milestones and work to successfully and affordably complete projects.

What are the manager's roles?

Organizing and supervising a certain group, project, or industry within a firm is the responsibility of managers. Depending on a manager's position within the organization, the breadth and depth of their duties may change. A person with the title of manager may be in charge of a team or a specific function.

A senior manager, for instance, may have very different responsibilities than a manager of business development. Although they typically report to a board of directors and trustees, top-level managers like CEOs and directors typically sit near the top of the hierarchy. These managers are frequently in charge of high-level planning, including broad policies, budgets, and the overall business strategy.

Learn more about manager's roles, here:

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___ of breaches are caused by stealing a password
a. a very low percentage (somewhere around 1%)
b. a low percentage (around 10%)
c. a moderate percentage (around 25%)
d. a high percentage (around 50%)
e. a very high percentage (around 80%)

Answers

The answer is letter e. A Very high percentage (around 80 percent). Around eighty percent of breaches are caused by stolen passwords. Passwords can be stolen by hackers in many ways, especially if they are common, so it would be best to update your password regularly and make sure that your password is secure and hard.

Final answer:

The percentage of breaches caused by stealing a password is a very high percentage, around 80%.

Explanation:

The percentage of breaches caused by stealing a password can vary depending on the context and the specific study. However, in general, stealing a password is a common method used in cyber attacks. According to a report by the Pew Research Center, 11 percent of respondents indicated that their personal information, including passwords, had been stolen. Therefore, the correct answer to the question is e. a very high percentage (around 80%).

what benefits customers derive from mobile phone

Answers

Customers derive the pleasure of being able to stay connected with friends via cellular technology. In addition, with the advent of smartphones that contain web-based browsers, users can stay up-to-date on news and events that would not have been available them just 5-10 years ago. Also, these devices can take photographs, allowing for the recording and replaying of events at a future time for a future audience.

Computing an internal price index and using the dollar-value lifo method, at what amount should the inventory in pool a be reported at december 31, 2018?

Answers

The computed internal price index using the dollar value LIFO method is $ 122 with decimal places on it, and the amount the inventory in pool a should be reported at December 31, 2018 is Dollar-value LIFO inventory $ 262780. So, at December 31, 2018 the price index is equal to $122 and inventory is $262780.

Because consumers associate a drug's price with potency, some pharmaceutical companies use the _____ strategy to price their over-the-counter drugs.

Answers

Some pharmaceutical companies use the symbolic or prestige pricing strategy to price their OTC drugs. They do this because many consumers see a price and assume the potency of the drug on the dollar amount--something more expensive is assumed to be more potent. Symbolic/prestige pricing assumes high prices equal high quality in the minds of consumers.

Mike is an avid musician who opened a new music store called mp3s a few years ago. since then mike has become much more knowledgeable about the business and has decided to launch his own record label in order to have more control over the music that he sells in his stores. this is an example of what?

Answers

I would say that if Mike starts a new record label for his music shop, then that would be an example of an owner/operator as he owns and started the business and now he is operating it also, by starting the new record label.

In february the company's budgeted production was 6,900 units, but the actual production was 7,000 units. the company used 1,980 direct labor-hours to produce this output. the actual variable overhead cost was $10,296. the company applies variable overhead on the basis of direct labor-hours. the variable overhead efficiency variance for february is:

Answers

The valuation of the company’s overhead would be contingent upon how much there paying the employees to produce the work and fill the orders. The formula would be as follows: The wage x total hours to produce the order of 7,000 subtracted form the total overhead allowance. For example: If the company was paying it’s employees $1an hour to complete the order. Would mean that an overhead of $10,296-$7,000= $3,296 for the total overhead efficiency variance for February.

The deficit that exists when the economy operates at full employment is called the __________ deficit.

Answers

The correct answer is structural.
Structural deficit exists when the economy operates at full employment. It means that there is a lack of new structures to employ additional people to earn some money. Since there are no open positions for anyone, it means the company is lacking in structure.

Why do you think government constitute one of the major employers in the U.S. economy ?

Answers

The government, not only of the United States, but of all countries, are in a very obvious way, also an employer. This is because the government needs people to do the task that would allow the body to be efficient in handling subjects concerning people, citizens, and the country.

The employee of the government runs from the president him/herself to the lowest position or authority in small subsection community. 

The government constitutes one of the major employers in the U.S. economy because it provides various essential services, manages public resources, implements policies, and supports public welfare programs. These roles necessitate a large workforce to function effectively.

The government plays a significant role in the U.S. economy by providing vital services such as healthcare, education, defense, and public safety. It requires a substantial number of employees to manage and deliver these services effectively.

Public sector jobs are essential for implementing policies and regulations that ensure the country's smooth functioning. These jobs span federal, state, and local levels, each requiring specialized skills and expertise.

The government also supports public welfare programs like Social Security, Medicaid, and unemployment benefits, which demand a sizeable workforce for administration and service delivery. As such, the government becomes a major employer to meet these extensive needs.

Furthermore, employment in government roles promotes economic stability by ensuring consistent job availability, especially in times of economic downturns, thereby reinforcing overall economic resilience.

The budget committee in a company is often headed by the

Answers

The answer to this question is External auditors.
Companies often owned by many shareholders that is not involved within the management team of the company.
To ensure full disclosure toward the real situation of company's finance and prevent analytical bias, they need an independent auditor outside the company 

Q 5.24: crump company purchased $1,850 worth of inventory on account from payne industries on may 8th. the terms were 3/15, n/eom. crump also paid freight charges of $95 on may 9th. payne granted crump a $150 purchase allowance for slightly damaged goods. prepare the journal entry on may 17th when crump pays the invoice in full.

Answers

Given:
MAY 8 - Crump company purchased $1,850 worth of inventory on account from Payne industries ; the terms were 3/15, n/eom.
MAY 9 - Crump also paid freight charges of $95
Payne granted crump a $150 purchase allowance
MAY 17  - Payment in full

                                     Debit               Credit
May 8.
Purchases                      1,850
             Accounts Payable                   1,850


May 9
Freight-In                             95
            Cash                                             95

Accounts Payable              150
            Purchase returns and allowance   150

May 17 - Payment goes beyond the discounting period. No discount is given.

Accounts Payable            1,700
            Cash                                             1,700
(1,850 - 150 = 1,700)

"3/15, n/eom" This means that Crump can avail 3% discount when it pays on the 15th of the month and n discount when it pays at the end of the month. 

Assume no price ceiling exists and a market is in equilibrium. then a price ceiling is established which is below the market equilibrium. what would result?
a. surplus.
b. shortage.
c. equilibrium.

Answers

Hi Bobby, thanks for asking a question here on Brainly.

If no price ceiling exists and a market is in equilibrium, then a price ceiling is established which is below the market equilibrium that results in a shortage.

Answer: Letter B 

Hope that helps! ★ If you have further questions about this question or need more help, feel free to comment below or leave me a PM. -UnicornFudge aka Nadia 

When "exxon" markets their regular unleaded gasoline around the world they use a __________ strategy?

Answers

The answer is mass marketing strategy, this type of strategy in marketing focuses more on aiming their products to a wide variety or large scale of consumers in which they provide or promote their specific product in which we could see in the given scenario above.

Janet is identifying the set of privileges that should be assigned to a new employee in her organization. which phase of the access control process is she performing? identification authentication accountability authorization

Answers

Identification. Privileges are the benefit granted to an employee based upon the position they were hired to fill. In this stage one is identifying the employees position, the role they will serve, and the privileges they are to receive.

If you cause a car accident, which type of insurance will require you to pay the least out of pocket?

Answers

liability, is the answer

If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan

Further explanation

Deductible is the amount you pay for covered health care services before your insurance plan starts to pay. For example the $2,000 deductible pay. In this case you pay the first $2,000 of covered services ourself. After we pay the deductible, we usually pay only a copayment for covered services. There are two kinds of deductible plan such as low deductible plan and high deductible plan.  

The high deductibles tend to have lower premiums, whereas the low deductible tend to have higher premiums. Plans with higher deductibles tend to have lower monthly premiums than lower deductibles.

If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan. It means if the health insurance plans carry a lower deductible, when you get sick, you pay less money up front before your plan starts paying

Learn moreLearn more about deductible plan https://brainly.com/question/1845375Learn more about insurance https://brainly.com/question/11467163Learn more about car accident https://brainly.com/question/3100499

Answer details

Grade: 8

Subject: business

Chapter: insurance

Keywords: deductible plan, insurance, car accident, pocket, pay

Age targeting what brands and products do you feel successfully "speak to you" and effectively target your age group? why? which ones do not? what could they do better?

Answers

Final answer:

Age targeting in marketing involves creating messages that resonate with specific age groups based on their interests and lifestyle. Successful campaigns address the consumer's lifestyle, while less effective ones might improve by using data insights and being more inclusive. Shopping preferences often vary between large chains for convenience and smaller outlets for unique experiences.

Explanation:

Understanding Age Targeting in Marketing

Age targeting is an essential aspect of marketing that involves crafting messages and products that resonate with specific age groups. When a brand 'speaks to' an individual, it means the brand's advertising effectively connects with the individual's interests, lifestyle, and values. For example, a campaign encouraging teens to exercise might focus on the importance of fitness in relation to social life, school performance, and well-being. A potential slogan could be 'Stay Fit, Stay Sharp, Own Your Tomorrow,' which emphasizes the immediate and future benefits of exercise.

For a five-year-old's birthday, choices may differ based on gender stereotypes, cultural factors, or personal interests. A birthday gift for a girl might be a set of painting supplies if she enjoys arts, while for a boy it might be a construction toy kit, each influenced by recognizing the individual interests rather than conforming to gender norms. For job interviews, professional attire like a tailored suit would likely be chosen to make a strong impression, while party attire would be more casual and align with the event's atmosphere.

Products that fail to connect with an age group might miss out on understanding their lifestyle or values. Brands could improve by engaging more directly with their target audience, utilizing data-drive insights to tailor their messaging, and being more inclusive and diverse in their advertising.

The divide in technology usage can indicate a 'generation gap' where younger individuals are more versed in contemporary hardware and software than their parents, affecting communication and entertainment preferences. Lastly, shopping and dining preferences might lean toward smaller retailers or local establishments for their unique offerings and personalized experiences, as opposed to large chains that offer familiarity and convenience.

Which african-american artist created the fiber work tar beach as an autobiographical work about her own experiences growing up in new york?

Answers

Faith Ringgold was an African-american artist created the fiber work tar beach as an autobiographical work about her own experiences growing up in New York.
Faith Ringgold is an artist and she was best known for her narrative quilts, Tar beach is one of her most famous story quilts. She was born in New York City in 1930. and when she was working in public schools as an art teacher she began a series of paintings which was called as American People.

A nonconventional cash flow pattern associated with capital investment projects consists of an initial outflow followed by a series of inflows.
a. True
b. False

Answers

B false because when it inflows it shows you that is false but when it does not inflow is will be true

Selecting a base year and expressing each amount as a percent of the base year amount is called:

Answers

The process of selecting a base year and expressing the amount as a percent of the base year amount is referred to as trend analysis. Percentage change can be calculated between two periods or over a longer period of time.

Percentage change between two periods:

Subtract the earlier year from the later year. A negative difference means the change is a decrease. A positive difference means it is an increase. Then divide the change by the earlier year's balance.

Percentage change over a longer period of time:

1.    Select the base year.

2.    Divide the amount in each nonbase year (for each line item) by the amount in the base year and multiply by 100.

At one time sea lions were depleting the stock of steelhead trout. one idea to scare sea lions away from the washington coast was to launch fake killer whales, which are predators of sea lions. the cost of making the first whale is $16,000 ($5,000 for materials and $11,000 for the mold). the mold can be reused to make additional whales, and so additional whales cost $5,000 ach. based on these numbers, the total cost of making two fake killer whales would be: $10,000. $11,000. $16,000. $21,000.

Answers

Final answer:

The total cost of making two fake killer whales is $21,000 ( last option), calculated by adding the cost of the first whale ($16,000) to the cost of the second ($5,000).

Explanation:

The question involves a straightforward calculation of the total cost of producing two fake killer whales. The cost of making the first whale is $16,000, which includes $5,000 for materials and $11,000 for the mold. The mold is reusable, so producing a second whale only requires an additional $5,000 for materials. Therefore, the total cost for two whales is the sum of the first whale ($16,000) and the additional cost of the second whale ($5,000), which equals $21,000.

(a) if the price increases from $4 to $8, by how much does the quantity demanded decline?

Answers

If the price increases from $4 to $8 or doubles then demand will probably fall off accordingly by 50% to compensate for the big increase, unless of course the demanded amount is an absolute necessity and keeping in mind that for a self-employed person a higher cost of an item can be charged as a business expense and help reduce income at tax time and also having the right materials and equipment right away can increase revenue as well which can also help to offset the cost.

"convert to a mixed numeral: 18/5," states one problem on a fifth-grader's arithmetic text. this is a(n) _____ problem. it is best solved through the application of _____.

Answers

For the first blank, the answer would be is a well-defined problem. A well-defined problems have exact goals, noticeably defined solution tracks, and clear predictable solutions.


While for the second blank, the answer would be the application of algorithms. In mathematics, it is a clear-cut description of how to crack a group of problems. Algorithms can do calculation, data processing and automatic reasoning jobs.

Things were terrific at x bank on elm street until an unfortunate incident occurred. before the incident, the bank had installed hidden cameras, a fancy alarm system, and bars on entrance and exit doors. nevertheless, the bank was burglarized last week. although no employees were hurt, one of the bank's most loyal and respected tellers said, "for the first time in five years, i feel a bit uneasy, fearful on the job." the bank may find that for this employee and others, the ____ need must now be met.

Answers

The safety need should now be met. Under Abraham Maslow’s hierarchy of needs, this is next to physiological needs; this discusses about the need of security and protection. These needs have to do with our natural yearning for a foreseeable and arranged world that is somewhat within our limit. In terms of workplace, an example of the safety need would be one should feel safe inside the working environment that the individual should feel that nothing would happen inside while he or she is working.

which of the following types of fashion is worn by most of the American public

Answers

For the question in the screenshot, the answer is E., a culmination. A culmination is basically saying the peek of something.

As for the actual question asked, I don't know much about what you're talking about. Could you give more details?

Thank you :)

Answer:

Option-(E): Culmination or peak stage of the fashion cycle.

Explanation:

Fashion Cycle:

It can be defined as, " the duration of time or tenure for any fashion style to start from its introduction and then passing through the different stages of the including the peak stage or the culmination, to the the last stage of the fashion cycle called as the obsolescence.

Culmination:

The phase of the fashion cycle in which the demand of the public is at its peak and the productivity rate is far more then usual due to the large level of consumers demand in the market.

Thompson company updates its inventory records perpetually. the company's records showed a beginning inventory of $600, cost of goods sold of $1,400, and ending inventory of $800. how much inventory was purchased during the year? $1,200 $1,000 $900

Answers

The total inventory can be calculated by adding the initial or beginning inventory which is equal to $600 and the cost of goods sold, $1,400. That is,
     
    T = $600 + $1,400 
    T = $2,000

Then, we subtract the ending inventory of $800 from the calculated value.

    S = $2,000 - $800
    S = $1,200

Hence, the answer to this item is the first choice. 

The contestable market model has important policy implications. if there is concern that a market is not sufficiently competitive, what can policymakers do to increase competition in a given industry? check all that apply.

Answers

If there is concern that a market is not sufficiently competitive, then policymakers can look at the barriers existence at the entry levels and what are the steps to be taken to make contestable market. Controlling markets delays entry is the major argument by many economists. So decreasing the entry barriers can only be possible by not regulating the markets which will lead to lower prices.

Hype international manufactures fragrances used in a variety of products. when the firm develops a new fragrance, it asks consumers to create collages based on how the smell makes them feel. highly experienced researchers are needed to interpret the findings, but hype believes the expense is worth it. which term best describes the method hype uses

Answers

Hype uses strategic marketing to create an attachment of customers to the new fragrance. The experiment may reveal some basis that the business can use to improve their products or to further develop other more products that would suit people and their visual connections.

What is the discount yield, bond equivalent yield, and effective annual return on a $1 million treasury bill that currently sells at 93.375 percent of its face value and is 65 days from maturity?

Answers

Discount yield :

IT – bill, dry = (($ 1 million - $ 973,750) / $ 1 million) (360 / 65) = 14.538%

Bond equivalent yield : IT – bill, bey = (($ 1 million - $ 973,750) / $973,750) (365 / 65) = 15.138%

 

EAR:

EAR = (1 + 0.15138 / (365 / 65)) 365 / 65 – 1 = 16.111%

The marketing challenge is more directly aligned to the debate between universal ethics and _____.

Answers

The answer in the space provided is utilitarianism. It is because they are more focus on both of universal ethics and the utilitarianism in terms of building their product for the sake of their customers in order to meet the consumer’s needs.

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