1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kay [80]
4 years ago
13

After graduation many students' demand for used cars decreases. This may be because used cars are considered a normal good to co

llege graduates. False True
Business
1 answer:
Blababa [14]4 years ago
3 0

Answer:

The statement is: False.

Explanation:

Normal goods are those with increasing demand as a result of increases in consumer wages. Examples of normal goods are food staples or clothing. On the other hand, inferior goods are those with decreasing demand when people's income rise. Bus travels and corned beef are examples of inferior goods.

Thus, <em>used cars are considered inferior goods to college students since after graduation, when they start working and earning an income, they are likely to stop purchasing used cars to buy brand new vehicles.</em>

You might be interested in
The IS curve represents Select one: a. the single level of output where financial markets are in equilibrium. b. the combination
iragen [17]

Answer:

D. the combinations of output and the interest rate where the goods market is in equilibrium.

Explanation:

The IS curve means investment-savings curve.

The IS curve is the combinations of output and the interest rate where the goods market is in equilibrium.

It is a curve which shows the different combinations of income (Y) and the real interest rate (r) such that the market for goods and services is in equilibrium.

This means that, every point on the IS curve is an income/real interest rate pair (Y,r) such that the demand for goods is equal to the supply of goods(Qs=Qd) or equivalently, the desired national saving is equal to desired investment.

7 0
3 years ago
Read 2 more answers
A ________ perspective on quality involves a subjective assessment of the efficacy of every step on the process for the customer
Butoxors [25]

Answer:

Value-Added.

Explanation:

A value-added perspective on quality involves a subjective assessment of the efficacy of every step on the process for the customer. A value-added perspective on quality is a strategic business approach in which businesses engage in activities that brings value, benefits or satisfaction to the consumer of its goods and services, to achieve this goal, business managers usually ensures that the manufacturing and distribution process or steps are effective and efficient.

5 0
3 years ago
If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, how much
Zarrin [17]
<span>If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, how much cash was paid for bond interest? = </span>$806,000
5 0
3 years ago
Deon is opening a car wash, and he has approached SCORE, an SBA organization that assists small-business owners in setting up th
Marianna [84]

Answer:

A.) Write a business plan

Explanation:

A business plan is a docent that describes nature of the business, growth and sales strategies, and projected profits.

It is a road map that shows how a business will be set up, how it will function to meet set goals, and financial projections that demonstrates the viability of the business idea.

Deon will have to come up with a business plan that summarises his vision of setting up the car wash. On the basis of this SCORE will make a decision about helping him start the company.

3 0
3 years ago
The oil price shocks of 20062009: Between 2006 and the middle of 2008, oil prices rose sharplyfrom around $60 to more than $140
dolphi86 [110]

Answer:

A supply shock is an unpredictable incident that changes the supply of a product or a service, subsequent in an unexpected modification in its value. Supply shocks can be undesirable (decreased supply) or optimistic (increased supply)

(a) The two types of shock which are:  

  • Primarily the growth in oil values is a negative supply shock causing from a decline in supply of oil  
  • The reduction in oil charges is a Positive supply shock causing from a growth in supply of oil.

(b) If the charges of oil increases as in case (i) that will push companies’ prices and thus decrease SRAS. The new equilibrium will be established at a inferior level of output and higher charge level. This is reflected in the diagram attached.

In the case (ii), the opposed of this will occur. The SRAS will rise shifting the SRAS rightward and carry about a new equilibrium at upper level of output and lesser prices.

6 0
3 years ago
Other questions:
  • Artem, the president of instructor services, told one of his new hires that "managers at this company are encouraged to solve th
    6·1 answer
  • The mass of the box is 5kg (the mass center is located in the middle of the box), the mass of a lower arm plus a hand is 1.5 kg
    8·1 answer
  • Nicole is a calendar-year taxpayer who accounts for her business using the cash method. On average, Nicole sends out bills for a
    11·1 answer
  • Mike has saved $6,000 for a down payment on a car. He qualifies for two car loans. One has a 10% interest rate that does not req
    9·1 answer
  • FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the orga
    15·1 answer
  • The replacement cost coverage provision of the Home-owners forms applies
    11·1 answer
  • When do the OSD comptroller analyst and Office of Management and Budget analyst hold hearings to review the service's budget?
    9·1 answer
  • While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being
    12·1 answer
  • Explain sustainable eco-friendly​
    6·2 answers
  • The long run aggregate supply curve shifts to the right given that
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!