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What kind of good is consumed together like peanut butter and jelly?
Complementary goods are consumed together.
Difference of consumer goods and durable goods?
Consumer Goods: whatever the things used or consumed by human is called consumer goods Durable goods: The goods which can be used for more than 3 years or which cannot be destroyed by one use is called Durable goods
Services that are performed for us are considered consumed?
They are consumed goods.
When is demand when absolute price elasticity of demand equals 2.5?
Meaning that if prices change by 1%, the change in quantity would be 2.5% (at $100/piece, 1000 goods are consumed. if the price rises to $101, only 975 goods are consumed. And if the price falls to $99, 1025 goods are consumed.)
Why is production complete when it get to the final consumer?
because goods are produced to be consumed
What kind of good is consumed together like peanut butter and jelly?
Complementary goods are consumed together.
Goods that are normally consumed together like peanut butter and jelly are What kind of goods goods?
They are called complementary goods.
What Goods that are normally consumed together like peanut butter and jelly are what kind of goods?
They are called complementary goods.
Why you called fast moving customer goods as fast moving consumer goods?
It purchased frequntly and consumed faster
Difference of consumer goods and durable goods?
Consumer Goods: whatever the things used or consumed by human is called consumer goods Durable goods: The goods which can be used for more than 3 years or which cannot be destroyed by one use is called Durable goods
Define complementary goods and substitutes?
A and B are said to be complementary goods if the price of A decreases (increases) will result an increase (decrease) of the demand of B. In addition, they are goods usually consumed together.
Services that are performed for us are considered consumed?
They are consumed goods.
What does complementary goods usually have?
They are related to each other in that in order to consume one you must consume the other, in other words, they are consumed together.
Does a mixture of lemon and honey have side effects when consumed together?
No it has no side effects when consumed together
When is demand when absolute price elasticity of demand equals 2.5?
Meaning that if prices change by 1%, the change in quantity would be 2.5% (at $100/piece, 1000 goods are consumed. if the price rises to $101, only 975 goods are consumed. And if the price falls to $99, 1025 goods are consumed.)
What is the term for goods that when consumed by one individual cannot be consumed by another.?
A private good (as opposed to a public good).
What is the term for goods that when consumed by one individual cannot be consumed by another?
A private good (as opposed to a public good).
