Answer: The correct answer is "a. negative, and the good is an inferior good.".
Explanation: Assuming that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good, the income elasticity of demand for the good is negative because the good is an inferior good.
Inferior goods are those material elements that are related to the consumption of people who have lower incomes and who cover their basic needs.
Its income elasticity coefficient is negative. Therefore, when the consumer's income increases, the demand for these goods decreases because the consumer can choose other higher quality products..
Answer:
c. would negatively affect producers but positively affect consumers because producers must accept lower prices
Explanation:
In the case of deflation, it negatively impact the producers but on the other side it impact positively to the consumers as the producers are ready to accept at the lower price also
So as per the given situation, the deflation should be fit to the above option
Therefore the other options should be considered irrelevant and hence not considered
Gross Net Income ✌hope this helps because i just had to ask my business teacher on the phone
Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.
<h3>What is O
pportunity Cost?</h3>
Opportunity cost is a concept in economics and it refers to the cost of something that has to be given up to enjoy something better. This can be for example the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).
It is the amount or benefits an individual or organization get when they choose a particular products over another one.
The advantage could be monetary benefits.
Therefore, we can conclude that Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.
Learn more about Opportunity Cost on:
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<u>Answer:</u> Consolidation
<u>Explanation:</u>
Courts have the authority to consolidate the cases which have common concern. Consolidated case also does not mean the court will not hear each appeal separately. As the facts of the case are similar that they have not received their prepaid wedding gowns due to the bankruptcy of the bridal store single hearing is placed by the court.
The consolidated cases at first remain the same way but the arguments of the attorneys may diverge the case while appealing. The disappointed brides should receive their compensation at once from the failed store here.,
