If demand shifts to the right when income increases, we can conclude that the good is:_____

Business

1 answer:

11111nata11111 [884]3 years ago

7 0

Answer:

A normal good

Explanation:

Normal goods are goods that are demanded as income level rises. With a higher income level, a rational consumer is expected to have more purchasing power and demand more of a good that is considered normal (hence the name).

Goods that are demanded less as income rises are termed inferior goods. They are the direct opposite of normal goods.

You might be interested in

Georg, a german citizen, just purchased 10 shares of stock in microsoft, a u.s. company. this purchase is an example of

emmasim [6.3K]

Foreign portfolio investment, which is simple people in one country investing in the assets of another country.

5 0

3 years ago

Careco Company and Audaco Inc are identical in size and capital structure. However, the riskiness of their assets and cash flows

LenKa [72]

Answer:

E) if the firm evaluates these projects and all other projects at the new overall corporate wacc, it will probably become riskier over time.

Explanation:

Before the merger, Audaco would have rejected any project with an IRR of less than 12% (more risky investments) while Careco only required a 10% IRR (less risky projects). But after the merger the combined WACC will be lower than Audaco's, but higher than Careco's. Therefore, the new merged company will start accepting more risky projects and that tendency will continue over time. Eventually, the company's WACC will have to adjust and increase, and the cycle will continue.

5 0

3 years ago

In a free market setting where quantity supplied is 40 units and quantity demanded is 50 units, price will:

zvonat [6]

Answer: Increase

Explanation:

According to the Law of Supply and Demand, If the demand for the good is higher than the supply, the price will be higher to reflect the relative scarcity and if the demand is lower than supply, the price will be lower to reflect the relative excess.

In this case the quantity demanded is higher than the quantity supplied so the price will have to increase to reflect the relative scarcity of the good.

4 0

3 years ago

Which of the following is true of Peter Senge’s contributions to management thought and practices? A. He has made several signif

puteri [66]

Answer:

A. He has made several significant contributions to the areas of organizational learning and change.

Explanation:

Option B: Peter Drucker was the first person to discuss MBO, not Peter Senge. So, this option is incorrect.

Option C: It is the function of management. Therefore, Peter Senge might contribute to this one, but there is no evidence. So, it is wrong.

Option D: Peter Senge advocated the scientific methods of management, but not for the determination of efficient production.

Option E: He does not contend with the bureaucratic structure. Therefore, it is wrong, either.

Option A: It is the answer because he has made several contributions to the areas of organizational learning through the establishment of the society of organizational learning.

8 0

3 years ago

Jerry's supervisor has asked him to revise a memo because his paragraphs are too long. how long should jerry's paragraphs be, on

gavmur [86]

A memo is a short written type of communication used in formal organizations. Memos should begin with a clear and to the point purpose statement. It is usually recommended that they do not exceed one page in length. A paragraph in a memo should not be longer than three to four sentences.

4 0

4 years ago