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When the price of a product rises consumers shift their purchases to other products whose prices are now relatively lower This statement describes?
Wiki User
∙ 14y ago
The substitution effect
Wiki User
∙ 14y ago
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What statement does not describe macroeconomics?
Macroeconomics examines the consumer purchases of families and age groups.
What statement best describes the concept of mercantilism?
Controlling trade is a key to increasing power.
What statement best describes the theory of mercantilism?
export more goods than are imported.
What statement correctly describes the Japanese economy after world war1?
The japanese economy or the japan's economy
What statement best describes Turkey's economy?
A+ The Government owns most of Turkey's major industries.
What statement best describes installment plans?
Consumers saved small amounts each month towards a large purchase.
Do purchases go on an income statement?
No, purchases do not go on an income statement. The income statement only includes revenues and expenses directly related to the operation of the business. Purchases are recorded on the balance sheet as an increase in inventory or as an expense when the inventory is sold.
Where do you find credit purchases in financial statements?
Credit purchases are shown in income statement as a part of total purchases.
What are words that describe proverbs?
It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.
The amount of the purchases for a period is presented in the expenses section of the income statement?
The amount of the purchases for a period is presented in
What term best describes a mathematical statement?
A conditional statement
What statement describes the atmosphere?
We don't have your statement so can't answer.
What statement describes negative population growth?
More people die than are born during a given period is a statement that describes negative population growth. The statement describes negative population in Western Europe.
What is included in a credit card statement?
The credit card statement lists all of the purchases a person makes during the month using that card. It shows the total owed, interest owed, and details about the card and purchases.
What term best describes a mathematical statement of if a then b?
A conditional statement.
What statement correctly describes a step up transformer?
increase the amount of voltage
The brothers quote several proverbs Choose the best definition for the word proverb?
It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.
