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grigory [225]
2 years ago
5

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

Business
1 answer:
S_A_V [24]2 years ago
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

#SPJ1

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Which word or phrase below is an antonym for concrete? proven data-driven physical presence abstract
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Answer: i would say physical presence or abstract

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3 years ago
X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has proje
krok68 [10]

Answer:

Loss = $122,881

Explanation:

Relevant Data provided

Bay Back Price of the bond = $103,000

Carrying value of the Bond As on 12/31/2022 = $225,881

As per the given question the solution of gain or loss is provided below:-

Gain or Loss = Bay Back Price of the bond - Carrying value of the Bond As on 12/31/2022

= $103,000 - $225,881

Loss = $122,881

So, we have calculated the loss by using the above formula.

3 0
4 years ago
On January 1, 2013 Vick Company purchased a trademark for $400,000, which had an estimated useful life of 16 years. In January 2
antoniya [11.8K]

Answer:

$30,000

Explanation:

Usually, patents do not have a salvage value. If the useful life is 16 years, the amortization rate will be 1/16 x 100

=0.0625 x 100

=6.25%

Before January 2017, the trademark had been amortized for four years ( 2013, 2014, 2015, and 2016.)

Amortization per year = 6.25% x  $400,000

=0.0625 x $400,000

=$25,000 per year: Four year amortization would be

=$25,000 x 4

=$100,000

The Book value as of January 2017 will be

=$400,000 -$100,000

=$300,000

add legal fee

=$300,000 + $60,000

=$360,000

remaining useful life = 16 -4 years = 12 years.

new depreciation rate = 1/12 x 100

=0.08333

Depreciation amount for 2017

= 0.08333 x  $360,000

=$30,000

5 0
3 years ago
An economy initially has 200 units of physical capital per worker. Each year, it increases the amount of physical capital by 10%
tatyana61 [14]

Answer:

266,2 units of capital per worker

Explanation:

The capital growth as stated is compound growth. Since technology and human capital are constant, there is not expected changed in productivity factors relationship, so the formula for compound growth, in this case, is: capital per worker in 3 years' time = capital per worker * (1+ annual rate growth) ^ 3. Computing numbers would be: capital per worker in 3 years' time = 200*(1+10)^3= 266,2

4 0
3 years ago
If brainly say you will never run out of answers
asambeis [7]

Answer:

you have to ask a question if you don't see what you need

Explanation:

4 0
3 years ago
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