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aivan3 [116]
4 years ago
13

How do changes in consumer income and tastes affect movement of the demand curve?

Business
1 answer:
dezoksy [38]4 years ago
4 0

Answer:

Explanation:

An outward shift in demand will occur if income increases, in the case of a normal good; however, for an inferior good, the demand curve will shift inward noting that the consumer only purchases the good as a result of an income constraint on the purchase of a preferred good.

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Suppose you go to work at a company that pays $0.02 for the first day, $0.04 for the second day, $0.08 for the third day, and so
stellarik [79]

Answer:

$ 10,737,418.23

Explanation:

Given:

Amount paid on the first day = $ 0.02

Amount paid on the Second day = $ 0.04

Amount paid on the third day = $ 0.08

number of days, n = 29

also,

the wages is doubling daily

therefore,

The total of the wages for 29 days will be = $ 0.02 + $ 0.04 + $ 0.08 + ....

or we can form the relation as

= $ 0.02 × ( 2⁰ + 2¹ + 2² + 2³ + ........ )

or

= \sum_{k=0}^{29}2^n

or

= 0.01\times(2^{n+1}-1)

or

= 0.01\times(2^{29+1}-1)

or

= $ 10,737,418.23

5 0
4 years ago
When a penalty is accepted with less than two minutes remaining in either half, the offended team will have the option to start
seropon [69]

Yes that is "True".

In 2017, the NFHS Football Rules Committee embraced Rule 3-4-7 which gives an offended group the alternative to begin the clock on the snap when a penalty is acknowledged with under two minutes left in either half. This option applies to any accepted penalty by either group if the clock would otherwise start on the subsequent ready-for-play signal.

4 0
4 years ago
Creating and distributing __________ is one of the most widespread types of cyber crime.
stealth61 [152]
<span>Creating and distributing computer viruses is one of the most widespread types of cyber crime. Computer </span>viruses attack many computers today and they are happening all over the world. Because they are so easily accessible to attack and most do not protect their computers it makes them one of the most widespread types of cyber crime. 
4 0
3 years ago
_______ consumers in the united states have increasing influences on mainstream u. S. Culture, and the buying power of this grou
Murljashka [212]

Hispanic consumers in the U.s. have an increasing influence on mainstream U. S. Culture.

<h3>What is the Hispanic consumer?</h3>

Hispanic customers are more probable to encounter unique shopping actions, such as shopping online for the first time or buying from new retailers. Categories such as home furnishings and décor and apparel and accessories have moved Hispanics online for the first time to shop for these articles.

Successful Hispanic marketing movements take proper planning, rehearsal, and a profound understanding of the Hispanic market. By factoring in language choices, cultural values, compelling creative messaging, and target audience into account, your company can effectively position itself within the Hispanic market.

To learn more about Hispanic consumers visit the link-

brainly.com/question/13652548

#SPJ4

8 0
2 years ago
Which characteristic of organizational culture is present in a high degree at the law firm in the Think like a manager: Organiza
masya89 [10]

Answer:

Hierarchy

Explanation:

Often, managers are placed with superior authority than other employees of a firm. These employees are expected to respect the manager in their operations. When it comes to decision making they follow the hierarchy of staff members, that is from Top to Down level.

Thus, In a law firm we would expect a hierarchical structure that is based on years of practicing law.

5 0
3 years ago
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