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1 year ago

If the demand for steak (a normal good) shifts to the left, the most likely reason is that:______.

1 answer:

4 0

If the demand for steak (a normal good) shifts to the left, the most likely reason is that consumer income has fallen.

<h3>What is a normal good?</h3>

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.

The demand curve shows the relationship between price and quantity demanded. A shift to the left of the demand curve indicates that demand has decreased.

To learn more about normal goods, please check: brainly.com/question/2934596

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Answer:

Attending

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There are four steps in the risk negotiation cycle that includes attending, sensemaking, transforming and maintaining.

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3 years ago

Shelley wants to cash in her winning lottery ticket. She can either receive sixteen $100,000 semiannual payments starting today,

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Answer:

$1,256,000

Explanation:

Data provided in the question:

Number of semiannual payments received = 16

Amount of each payment = $100,000

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Thus,

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Now,

Payment = Amount × $\frac{(1-(1+i)^{-n})}{i}$

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3 years ago

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Answer:

$2,500

Explanation:

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Cash disbursement ($34,500)

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3 years ago

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What are choices for this question

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Suppose the price of hot wings is $10, the price of beer is $1, and the consumer’s income is $50. In addition, suppose the consu

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Answer:

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originally you could purchase 50 beers or 5 hot wings
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3 years ago