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erica [24]
3 years ago
15

For normal goods, the demand curve is: A. upward sloping only if the income effect is larger than the substitution effect. B. al

ways downward sloping. C. always upward sloping. D. downward sloping only if the substitution effect is larger than the income effect.
Business
1 answer:
Kruka [31]3 years ago
6 0

Answer:

B) always downward sloping.

Explanation:

The demand curve for normal goods is always downward sloping because of a combination of three factors:

  1. the purchasing power of the customers decrease and if the price of a product increases, consumers will be able to buy less even if they don't want to
  2. consumer surplus decreases since the difference between how much a consumer is wiling to pay for the good and its actual price decreases or even becomes negative, so they will not be willing to purchase it
  3. as the price of normal goods increases, consumers will tend to increase the quantity demanded for substitute products

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In economic terms, marginal is another word for which of the following? a. Outside . . b. Rare . . c. Additional . . d. Boundari
likoan [24]
In economic terms, marginal is another word for: C. additional

Let's say that you need to consume 2 hamburgers to be fully satisfied. The marginal cost refer to the additional cost that you need to pay to acquire the second hamburgers 

hope this helps
7 0
3 years ago
Read 2 more answers
Identify the financial statement where these decision makers can find the following information about​ Flurry, Inc. In some​ cas
Ludmilka [50]

Answer:

a. Ending cash balance

You can find the ending cash balance in both the balance sheet and the statement of cash flows.

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You can find this information in the statement of cash flows (under cash flows from operating activities).

c. Common stock

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d. Total assets

You can find this information in the balance sheet

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You can find this information in the income statement and the statement of cash flows (under cash flows from operating activities).

f. Revenue

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g. Income tax payable

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4 0
3 years ago
Given a normal market demand curve for unleaded gasoline, if the price of shipping a gallon of gasoline rises from $.50 per gall
Bingel [31]

Answer:

d. decrease in quantity demanded of unleaded gasoline.

Explanation:

Since the shipping cost of a gallon of gasoline is increased from $0.50 per gallon to $0.75 per gallon that reflect the increase in price

As the price is increased, the quantity demanded of unleaded gasoline is decreases as the shipping cost increases which affect the other factors

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6 0
3 years ago
Which of the following is true if a company can accept a special order without affecting its regular sales and is within plant c
galina1969 [7]

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Thus, statement D is correct implying that net income will increase when the sales price in greater than the variable cost.

3 0
4 years ago
A professor wanted to compare two types of teaching styles. One type is by tutorials and the other is giving a lecture. It is a
Damm [24]

Answer:

The following are the answer to this question:

Explanation:

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