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
umka21 [38]
4 years ago
14

Over the past decade consumer incomes have risen by 20 %. During that : transport has decreased by 10 %. Which of the following

must be true? same time consumption of public The demand curve for public transport is upwards sloping. O The price of public transport must have increased by more than 20 %. O Public transport is an inferior good.
Business
2 answers:
MA_775_DIABLO [31]4 years ago
6 0

Answer:

Public transport is an inferior good.

Explanation:

An inferior good is one whose demand drops when there is an increase in income. Consumers purchase the product because they do not have enough money to get what they will prefer. When they get enough income they will switch to their preferred product.

An increase in income by 20% resulted in a decrease in transportation by 10%. This shows that transportation is an inferior product and people for example preferred to buy cars. So now that they have money they will buy cars and stop using transportation.

umka21 [38]4 years ago
4 0

Answer:

The Correct answer is "Public transport is an inferior good".

However, it is identified that the Public transport is an inferior good it highlighted the facts that if there should arise an occurrence of substandard great, As, the increment in income of an individual prompts to decline in  the amount of demand and vice versa.

You might be interested in
Suppose you are an analyst in the oil refinery industry and are responsible for estimating the equilibrium price and quantity of
Maru [420]

Answer:

1. 80,000

2. $40 per barrel

Explanation:

1. As we can see from the table provided The equilibrium quantity in this market is 80,000 barrels of heating oil per day,  as quantity demanded match quantity supplied

2. As we can see from the table provided The equilibrium price is $40 per barrel as in this cost there is an intersection of quantity demanded and quantity supplied. In other words the equilibrium price and quantity could be find out when the quantity demanded equal to quantity supplied

4 0
3 years ago
Why is it important to take a college entrance exam
Anton [14]

You may know college admission tests by name — the SAT, SAT Subject Tests and the ACT. These tests, also called college entrance exams, are designed to measure students' skills and help colleges evaluate how ready students are for college-level work.

4 0
3 years ago
The norton group, a manufacturer of toiletries and cleaning products, uses the name sparklex, for most its products in all of th
yarga [219]
The Norton group's SparkleX can be regarded as a global brand. What are global brands? Global brands are products or services of a certain company that people all over the world readily recognize. Consumers expect a global brand product to be of a higher standard than those manufactured locally.
8 0
3 years ago
Which assessment finding will indicate a life-threatening type i hypersensitivity reaction?
Ivan

Type I hypersensitivity reactions include localized allergic reactions such as atopic asthma (allergy-based asthma) and atopic dermatitis, but they also include systemic anaphylaxis. - Serum sickness is an example of Type III.

<h3>What is hypersensitivity ?</h3>

Any unfavorable immune system-induced reactions, such as allergies and autoimmune diseases, are referred to as hypersensitivity (also called hypersensitive reaction or intolerance). These reactions—often referred to as an immune system overreaction—can be harmful and painful. Contrast this immunologic phrase with the psychiatric term "hypersensitive," which refers to someone who may be abnormally sensitive to physical and/or emotional stimuli.

Although there is a correlation between the two, studies have shown that people with ADHD (a psychiatric disease) are more prone to experience hypersensitive reactions including allergies, asthma, and eczema than people without the disorder. Four different categories of hypersensitivity reactions exist.

To learn more about hypersensitivity  from the given link:

brainly.com/question/28321579

#SPJ4

5 0
2 years ago
Which of the following are advantages of PERT and CPM? (I) It is visual. (II) It is automatically updated. (III) Activities that
Alecsey [184]

Answer:

A. III only

Explanation:

One of the very useful tools in project management analysis is the PERT and CPM.

PERT (Program evaluation and review technique) provides valuable information regarding which activities need to be closely watched.

While CPM (Critical Path Method) helps in determining the time required to complete each task, and the minimum time required to complete a project.

Both CPM and PERT serve similar purposes by helping to determine projects or activities that need to be watched closely.

7 0
3 years ago
Other questions:
  • Sofia is a lesbian. she is an employee in the sales department of northern motors. her supervisor constantly tells her that she
    11·1 answer
  • Selected information from the accounting records of Dunn's Auto Dealers is as follows: Cost of furniture purchased for cash $ 8,
    12·1 answer
  • PROBLEM 12-15 In Mississippi, a customer pays $52.41 for a product (including MS state sales tax). In Alabama, a customer pays $
    11·1 answer
  • Opportunity cost college as opposed to workforce?
    6·1 answer
  • _____ requires coordination among government departments and agencies, as well as cooperation toward common objectives across co
    5·1 answer
  • For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance. Debit Effect
    8·1 answer
  • When nations specialize their production processes and engage in international trade, firms in those economies are able to enjoy
    5·2 answers
  • "Compu Services provides computerized inventory consulting. The office and computer expenses are $400,000 annually and are not a
    14·1 answer
  • What is a photo copy machine​
    12·2 answers
  • All of the following are competitive forces in Porter's model except: Group of answer choices customers disruptive technologies
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!