Answer:
Equilibrium quantity and price will decrease
Explanation:
Inferior goods are the products or services whose demand increases with an increase in price. An Inferior good contracts a normal product whose demand falls with a rise in price. Should consumer's incomes increase, the demand for inferior products and services will decrease.
If potatoes are inferior goods, an increase in incomes will result in a decrease in their demand. The equilibrium quantity will decrease. If and a new higher-yielding variety of potato plant is developed, it will create competition for the inferior potatoes. With an increase in income, consumers tend to prefer 'perceived' high-quality and more costly products. The new higher-yielding variety will be demanded more, which will result in a decline in prices for the inferior potatoes.
Answer:
correct option is d. extended term
Explanation:
given data
pay premiums = $50,000
solution
As extended Term will allow here the amount present cash value of the policies that is buy the single premium term policy
it is the same face amount for the long time period
and here Fixed Amount will be for Settlement Option
and the Paid Up option will be Option Dividend Option
so here correct option is d. extended term
<span>Low relief.
A low relief is an anticipating picture with a shallow general profundity, for instance utilised on coins, on which all pictures are in low help. In the most minimal reliefs the relative profundity of the components indicated is totally contorted, and if seen from the side the picture has neither rhyme nor reason, yet from the front the little varieties inside and out enlist as a three-dimensional picture. Different forms contort profundity significantly less. It is a system which requires less work, and is in this way less expensive to deliver, as less of the foundation should be evacuated in a cutting, or less displaying is required</span>
Tariffs raise the price of imported goods relative to domestic goods (good produced at home).
Answer:
When a company uses the straight line amortization of bond premiums, the total amount of interest expense will be equal to the expense calculated using the effective interest method.
The advantage of using the straight line amortization is that it is a much simpler method. Under this method, the bond's premium is amortized over the life of the bond.
