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Westkost [7]
3 years ago
10

The income effect causes quantity demanded to​ ________ when the price of a normal good​ decreases, and causes quantity demanded

to​ ________ when the price of an inferior good decreases.
a. ​increase; increase

b. ​decrease; increase

c. ​increase; decrease

d. ​decrease; decrease
Business
1 answer:
AveGali [126]3 years ago
4 0

c. ​increase; decrease

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Travis borrowed $10,000 four years ago at an annual interest rate of 7 percent. The loan term is six years. Since he borrowed th
likoan [24]

Answer:

The answer is A

Explanation:

The loan is an interest only loan since he is only paying the interest potion of 7%

Interest only loan is when the borrower pays only the interest for some or all the term of the loan with no changes in the borrowed amount

5 0
3 years ago
Compute the Z-scores for the second observation of the following data values: X: 462 490 350 294 574
skelet666 [1.2K]

Answer:

0.5

Explanation:

Zscore = (x - mean) / standard deviation

Given the data:

X : 462 490 350 294 574

The second observation = 490

The mean and standard deviation of the data could be obtained using a calculator :

Mean = 434

standard deviation = 112

ZSCORE = (490 - 434) / 112

ZSCORE = 56 / 112

ZSCORE = 0.5

8 0
2 years ago
Sony Corporation conducted a series of consumer use tests in the 1990's in which consumers were given samples of its experimenta
Fynjy0 [20]

Answer:

4) Problem analysis

Explanation:

Problem analysis refers to a method of investigating consumer needs under certain complex conditions. It is carried out in order to improve systems, processes and designs.

In this scenario, Sony was offering an extremely disruptive product which wasn't very user friendly but as we all know had a huge potential. Sony's original digital camera was very large, huge compared to normal cameras that used film. It was also very slow and it wasn't very good at taking pictures. Is main advantage was that it used 3¹/₂ floppy disk instead of film.

I'm not sure but I believe it could store around 10-12 pictures and then you had to use another disk. Finally people could start to take a lot of pictures without having to worry about high printing costs. My family had the final commercial product, and if that was the good product, I imagine that those that participated in the product analysis probably had to use and work with something slightly worse.

4 0
3 years ago
If something happens to alter the quantity supplied at any given price, then.
morpeh [17]

Change in quantity supply will lead to a shift in supply curve.

<h3>What is change in supply?</h3>

Change in supply lead to a shift in the supply curve either to the left or right.

This occur in the price to quantity relationship which defines a supply curve.

This change often makes the supply curve becomes steeper and flatter.

Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.

Learn more on supply curve here,

brainly.com/question/1456933

3 0
1 year ago
On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, a
umka2103 [35]

Answer:

Net Income   $66100

Explanation:

<u>Racine Furnishings Company </u>

<u>Multi Step Income Statement </u>

<u>For the Year Ended March 31, 2019</u>

Sales                                                   6,126,850

Cost of Merchandise Sold                3,965,850

Gross Profit                                        2161000        

Less Operating Expenses

Depreciation                                  $747,950

Supplies Expense ( 87000- 20650)  66350

Salaries Expense                                7,700

Selling Expenses                           717,650

Administrative Expenses                545,700

Operating Income                           75,650

Other Expenses

Interest Expense                                 9,550

Net Income                                       $66100

From the sales cost of merchandise sold is subtracted to get the gross profit.  The operating expenses are subtracted from the gross profit to get the operating income. Other expenses such as interest expense is subtracted to get the net income.

7 0
2 years ago
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