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What else can I help you with?
What happens if a product's price decreases?
The product costs less.
How do complementary goods influence the demand for a particular product?
Complementary goods are products that are used together with another product. When the price of a complementary good decreases, the demand for the main product typically increases because consumers are more likely to purchase both items together. Conversely, if the price of a complementary good increases, the demand for the main product may decrease as consumers are less willing to buy both items together.
What happens to equilibrium when the supply of and demand for a product decrease simultaneously?
When the supply and demand for a product decrease at the same time, the equilibrium price and quantity will both decrease. This is because there is less of the product available and fewer people wanting to buy it, leading to a lower market price and quantity traded.
How does the elasticity of a product change over time as external factors and market conditions evolve?
The elasticity of a product can change over time as external factors and market conditions evolve. When a product is first introduced, its elasticity may be high as consumers are more sensitive to price changes. However, as the product becomes more established in the market and competition increases, its elasticity may decrease as consumers become less sensitive to price changes. Additionally, changes in consumer preferences, income levels, and overall economic conditions can also impact the elasticity of a product over time.
If the product is in surplus supply. it's price is?
less
Is it true that the product of two decimals less than one is less than either of the factors?
Yes, it is true that the product of two decimals less than one is less than either of the factors. When you multiply two numbers that are both less than one, their product is smaller than either of the numbers. For example, multiplying 0.5 and 0.3 gives you 0.15, which is less than both 0.5 and 0.3. This principle applies to any decimals between 0 and 1.
What do you notice about the relationship between the factors and the product when multiplying two decimals less than 1?
The factors are greater than the product.
If you multiply two decimals less than 1 can you predict whether the product will be less than or greater than either of the factors Explain?
When you multiply two decimals that are both less than 1, the product will always be less than either of the factors. This is because each factor represents a fraction of a whole, and multiplying these fractions results in an even smaller fraction. For example, multiplying 0.5 and 0.3 yields 0.15, which is less than both 0.5 and 0.3. Thus, the product is guaranteed to be less than either factor.
If you multiply two decimals less than 1 can you predict whether the product will be less or greater than either of the factors?
No, you cannot. The answer can be greater than (or less than) neither, one or both numbers.For example,-4.5 and -2.2 are both less than 1. Their product is 9.9 which is greater than both.-4.5 and 0.2 are both less than 1. Their product is 0.9 which is less greater than one and less than the other.0.5 and 0.2 are both less than 1. Their product is 0.01 which is less than both.
If you multiply two decimals less than 1 can you predict wether the product will be less than or greater than either of the factors?
Fractional multiplication results are always less than any of the factors. You can't hit ugly with an ugly stick and expect to get pretty. The above answer is only true is both your fractions are non-negative (in addition to being less than 1.
When is the product of a negative integer and a positive integer less than both of its factors?
Always
What are two decimals that have product less than 1?
0.1 x 0.2
Why is the product of two decimals each less than one be less than one?
because you multiplying by 9
Is the product of 2 decimals less than one is less than either of the factor all the time?
Yes.
When is the product of a negative integer and positive integer less than both of its factors?
That's always the case.
When is the product of two fractions less than its factors?
If the fractions are both proper fractions ... equivalent to less than 1 ... thenthat's always true ... the product is always less than either factor.
When is then product of a negative integer and a positive integer less than both of its factors?
This is a clever question. I would say: "Always". To be more precise: The product is never greater than either factor, and if neither factor is ' 1 ', then the product is always less than both.
