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Here's how to approach this question. Consider the relationship between two substitute goods, muffins and bagels, and think about consumer behavior when the price of one of these goods, in this case bagels, increases. Step 1. 1. If muffins and bagels are substitutes, a higher price for bagels would result in: View the full answer Step 2. Unlock.
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If muffins and bagels are substitutes, then consumer who wants to eat muffin can choose bagel instead, and vice versa. If the price of bagels keep increases, it will make the muffin seems relatively cheaper than bagels. People will start to buy some muffin instead of bagels. This will result in an increase of the muffin demand.
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Bagels are round, chewy bread rolls with a dense texture, typically boiled before baking to create a shiny, crispy crust. On the other hand, English muffins are soft, round, and flat bread that is toasted before serving, offering a fluffy and tender mouthfeel. These differences in texture and preparation methods contribute to their unique.
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Answer: C) Increase in the demand for muffins. Explanation: Substitute goods are alternative goods because they can be replaced by each other.. For example: Coco cola and Pepsi are substitute goods, if coco cola is not available people can choose Pepsi without any problem. So, If the price of bagels increases, it will directly leads to the increase in demand of muffins.
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The best bagel substitutes are those that are most similar in taste and texture to a bagel. Some possible substitutes include: English muffins, ciabatta, and sourdough bread. These options all have a similar dense, chewy texture to a bagel, and can be topped with a variety of spreads and toppings. Another great substitute for bagels is crackers.
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If muffins and bagels are substitutes, a higher price for bagels would result in a(n) increase in the demand for muffins. A decrease in the price of peaches would lead to a(n) a movement down and to the left along the supply curve for peaches
If muffins and bagels are substitutes. a higher price for bagels would
You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question: If muffins and bagels are substitutes, a higher price for bagels would result in Select one: a. a decrease in the demand for muffins. b. an increase in the demand for bagels.
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VIDEO ANSWER: An increase in the price of coffee is what the answer is. It is the correct option to increase the price of coffee. Now, for the explanation. The movement is along the demand curve when the quantity changes due to a price change. One
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If muffins and bagels are substitutes, a higher price for bagels would result in a(n) a.. Decrease in the demand for muffins. c. Holding all other forces constant, when the price of gasoline rises, the number of gallons of gasoline demanded would fall substantially over a 10 year period because a.
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Economics questions and answers. If muffins and bagels are substitutes, an increase in the price of bagels would result in a (n)Group of answer choicesincrease in the demand for bagels.decrease in the demand for bagels.increase in the demand for muffins.decrease in the demand for muffins.
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When muffins and bagels are considered substitutes in the eyes of consumers, it means that these two goods can be used interchangeably to satisfy a similar need or desire. If the price of bagels increases, people tend to seek alternatives that provide a similar utility but at a lower cost.
Solved If muffins and bagels are substitutes, a higher price
Business. Economics. Economics questions and answers. If muffins and bagels are substitutes, a higher price for bagels would result in a decrease in the demand for muffins. an increase in the demand for muffins. a decrease in the demand for bagels. an increase in the demand for bagels.
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Bagels are typically made with a combination of flour, water, salt, and yeast, while English muffins are made with a combination of flour, water, and baking powder. This means that bagels are generally denser and chewier than English muffins, while English muffins are softer and more muffin-like. Finally, there are some differences in the way.
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If muffins and bagels are substitutes, a higher price for bagels would result in. an increase in the demand for muffins. The distinction between efficiency and equality can be described as follows. Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society..
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If bagels and muffins are substitutes in this situation, the consumer will switch his demand to muffin consumption when bagels' price increases. Muffin demand would consequently rise. So, choice c is the right choice. Option a is an incorrect choice because a rise in the price of bagels will lead to increase in demand for muffins not bagels.
Solved мC Question 1 In The Circularflow Diagram, Which
the baker to supply less bread now than she was supplying previously. If muffins and bagels are substitutes, a higher price for bagels would result in. a. a decrease in the demand for muffins. b. a decrease in the demand for bagels. c. an increase in the demand for muffins. d. an increase in the demand for bagels.
