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aivan3 [116]
3 years ago
13

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

Business
1 answer:
dezoksy [38]3 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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According to U.S. law, a company has an illegal monopoly when it dominates an industry and ___. *
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Answer:

a

Explanation:

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For most companies, the web ______ the threat that new competitors will enter the market by ______ traditional barriers to entry
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Answer: b. Increases, decreasing

Explanation: For most companies, the web increases the threat that new competitors will enter the market by decreasing traditional barriers to entry. Traditional barriers to entry include

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thus, by reducing some of these barriers to entry the Web increases the threat of new competition.

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3 years ago
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6 0
2 years ago
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The Smiths are buying a house for $200,000. After their 10% down payment, they have also decided to pay two discount points. Wha
Vikentia [17]

Based on the information given the dollar amount of the discount points is $3,600.

<h3>Discount:</h3>

First step is to calculate the down payment

Down payment=$200,000-($200,000×10%)

Down payment=$200,000-$20,000

Down payment=$180,000

Second step is to calculate the discount points

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Discount point=$3,600

Inconclusion the dollar amount of the discount points is $3,600.

Learn more about discount here:brainly.com/question/24286983

7 0
2 years ago
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