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:
$220,000,
Explanation:
Given that:
- $500,000 of salary income
- $20,000 of interest income in 2019
So the total income of the taxpayer is: $500,000 + $20,000 = $520,000
As we know that, AGI (Adjusted gross income) is used to calculate how much income of a taxpayer is taxable. They are expenses incurred by the earner which are deducted before taxing.
In this situation, his share of the partnership's loss for the year is $300,000, so the taxpayer will report an AGI of:
$520,000 - $300,000
= $220,000
I hope it will find you well.
Answer:
https://dangcongsan.vn/bao-ve-nen-tang-tu-tuong-cua-dang/quan-he-san-xuat-cua-chu-nghia-tu-ban-duong-dai-nhung-gioi-han-khong-the-vuot-qua-589669.html
Answer:
$6,237
Explanation:
The computation of the cash required for the payment is shown below:
= Merchandise amount - return and allowances - discount
= $7,500 - $1,200 - $63
= $6,237
The discount = (Merchandise amount - return and allowances) × discount rate
= ($7,500 - $1,200) × 1%
= $63
Simply we consider the items i.e merchandise purchase amount, returned merchandise amount and the discount given amount
Geochemist is the answer your looking for
