All categories

1 year ago

Pizza is a normal good. if students' incomes at your college increase, the effect on pizza will be:________

Business

1 answer:

erica [24]1 year ago

4 0

Answer:

Normal goods have a positive relationship with income & purchasing power parity (PPP) with an increase in income ( I ) consumption of normal goods also increased respectively.

So, with the increase in students' income consumption of Pizza will be increased

As normal goods have a positive income elasticity of demand coefficient but it will be less than one.

Explanation:

Let’s discuss the normal goods, as a decrease in the price of normal goods its consumption will boost or increase. As when normal goods become cheaper, they will be consumed much as we know that people will consume them because of the logical reasoning of cheaper than its substitutes. Likewise, with an increase in income, its consumption will also increase but at a stage where it will become inelastic or constant.

You can learn more about Economics

at brainly.com/question/28179544

#SPJ4

You might be interested in

What is the percentage decrease in revenue

Romashka-Z-Leto [24]

Answer:

c) 82.33 is the percentage decrease in revenue from tourist to Florida

6 0

2 years ago

Grand River Corporation reported pretax book income of $620,000. Included in the computation were favorable temporary difference

Alex

Answer:

The corporation's current income tax expense or benefit would be $86,940.

Note: The Internal Revenue Service (IRS) 2019 tax rate of 21% for corporation is used since the tax rate is not given in the question.

Explanation:

Details Amount ($)

Pretax book income 620,000

Favorable temporary differences (160,000)

Unfavorable temporary differences 106,000

Favorable permanent differences (152,000)

Adjusted income 414,000

Tax expenses (at 21%)  (86,940) 

Profit after tax 327,060

Therefore, the corporation's current income tax expense or benefit would be $86,940.

Note: The Internal Revenue Service (IRS) 2019 tax rate of 21% for corporation is used since the tax rate is not given in the question.

7 0

3 years ago

Management in Life Annabelle and Bettina share a dorm room. They like each other, but they disagree about how often to clean. Ev

Ganezh [65]

Answer:

A). Annabelle and Bettina will learn from each other .

B). The roommates will come up with a creative solution."

Explanation:

Anabelle and Bettina are involved in a 'cognitive' conflict as it occurs when they both experience a mental as well as emotional discomfort when they are confronted with the information that challenges their existing ideas or beliefs. The most likely outcomes of this situation would be that they 'both would learn from each other' by accepting each other's point of view and adapting with the new information that would help them 'reach a creative solution' to resolve their conflict over the cleaning of their room. Therefore, options A and B are the correct answers.

8 0

3 years ago

Read the excerpt from "If" by Rudyard Kipling.

Marysya12 [62]

Answer:

B is your answer trey

Explanation:

7 0

3 years ago

Read 2 more answers

There are four resources and four jobs to be done. Assume there must be one-to-one matching between jobs and resources. The time

choli [55]

Answer:

1 → A ; 2 → C ; 3 → D ; 4 → B

Explanation:

From the given information, the table can be better structured as follows:

Job (Hours)

Resource A B C D

1 5 8 7 7

2 4 9 5 9

3 6 9 8 7

4 7 6 6 9

From the table, the allocation of resources is based on the minimum number of jobs i.e. time(hours) required to do all four tasks appropriately.

These are 1 → A ; 2 → C ; 3 → D ; 4 → B

Then, the time taken by this process is = (5 + 5 + 7 + 6)

= 23 hours

3 0

3 years ago