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kolbaska11 [484]
2 years ago
13

An economist for a bicycle company predicts that a rise in consumer incomes will increase the demand for bicycles. this predicti

on assumes that?
Business
1 answer:
Neporo4naja [7]2 years ago
6 0

When an economist makes a prediction that a rise in consumer incomes will increase the demand for bicycles sold by a bicycle company, it is made on assumption that bicycles are normal goods. Therefore, the option A holds true.

<h3>What is the significance of normal goods?</h3>

The normal goods or services being sold in the market of an economy can be referred to or considered as goods that have a direct relation with the demand for such goods, which are affected by consumer income.

As per the behavior of normal goods, it can be inferred that their demands increases with a given increase in the disposable income of the consumer, such as the one in the condition given above.

Therefore, the option A holds true and states regarding the significance of normal goods.

Learn more about normal goods here:

brainly.com/question/24100151

#SPJ4

An economist for a bicycle company predicts that a rise in consumer incomes will increase the demand for bicycles. This prediction assumes that bicycles are _____.

A. Normal goods

B. Luxury Goods

C. Inferior Goods

D. None of the Above

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prohojiy [21]
I think this is a true or false question 
The above statement is true. 
As we can see that there are always some sort of affinity among people some have highly positive towards some and negative towards others so they will try to group up with the ones they like but this would always lead to dissatisfaction of some people in group as they will feel unfair as they are not in group they wanted but in random assignment no one has control so even if they are unsatisfied they cant blame it on others. So there are lesser differences
7 0
3 years ago
In general, for large and complex projects, which approach to project management is more likely to be a critical success factor
Novay_Z [31]

Answer: Technical skills

Explanation:

For a project that is large and complex, the manager involved needs to have skills that will enable them take advantage of any situation that arises be it Postive or negative by being able to use the technical skills that have.

Having Technical skills means that the manager as well as being able to handle the physical aspects of the project, will be able to handle other aspects as well such as financial, marketing and design.

Technical skills are definitely more

likely to be a critical success factor for the project manager.

4 0
4 years ago
The income from what reliable source benefits the entire community by funding essential services and public works?
Flura [38]

The income from property taxes benefits the entire community by funding essential services and public works.

Funding refers back to the money required to start and run a commercial enterprise. it is a financial funding in a agency for product improvement, manufacturing, growth, income and marketing, workplace spaces, and inventory.

Funding is the act of imparting assets to finance a want, application, or challenge. at the same time as that is commonly inside the form of money, it may additionally take the shape of an attempt or time from an enterprise or business enterprise. The main resources of funding are retained profits, debt capital, and fairness capital.

Agencies use retained earnings from business operations to expand or distribute dividends to their shareholders. Companies boost finances by means of borrowing debt privately from a bank or by way of going public (issuing debt securities).

Learn more about funding here brainly.com/question/25887038

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5 0
2 years ago
Brief Exercise 26-4 Manson Industries incurs unit costs of $7 ($5 variable and $2 fixed) in making an assembly part for its fini
mr_godi [17]

Answer:

differential loss for 14,700

Explanation:

\left[\begin{array}{cccc}&$Make&$Buy&$Differential&\\$Variable Cost&-73,500&-88,200&-14,700&\\$Fixed cost&-29,400&-29,400&0&\\$Total&-102,900&-117,600&-14,700&\\\end{array}\right]

We multiply the variable copst per unit by the 14,7000 units

then we add the fixed cost for the total cost for the make option

Then, we multiply the 14,700 by 6 for the buy option and add the unavoidable fixed cost.

In this case, it is not convinient to buy the assembly part as it would incour in a differential loss for 14,700

3 0
3 years ago
What change is taking place on this graph?
makvit [3.9K]

Change in the price of the good results in the movement along the same demand curve.

Factors other than price results in the shift in demand curve.

A rightward shift in demand would increase the quantity demanded at all prices compared to the original demand curve.

While a left shift indicates decrease in demand.

In the given graph , there is a rightward shift of the demand curve from left to the right ( D1 to D2), Thus we can say that there is an increase in demand.

6 0
3 years ago
Read 2 more answers
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