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umka21 [38]
3 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]3 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]3 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.

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shtirl [24]

Answer: 92812.50

Explanation:

The following information can be derived from the question:

Loan principal = $1,500,000

LIBOR for 1st 6 months = 4.50%

LIBOR for last 6 months = 5.375%

Lending margin per annum = 1.25%

The interest will then be:

= 1,500,000 × [(4.50% + 1.25%)/2] + 1,500,000 × [(5.375% + 1.25%)/2]

= 1,500,000 × [(0.045 + 0.0125)/2] + 1,500,000 × [(0.05375 + 0.0125)/2]

= 92,812.50

Therefore, the interest is 92812.50.

8 0
2 years ago
What can you suggest to warner Edwards in terms of marketing strategy
inessss [21]

Answer:

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I would suggest that only advertisement doesn't make people to buy it.

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3 years ago
Suppose Megan is considering emigrating from her home country.
Evgen [1.6K]

Answer:

a. emigrate

b. more

Explanation:

Immigration attractiveness is a factor that draws immigrants to a foreign country.  A country becomes more attractive when the economic prospects are brighter than at the home-country.  The degree of immigration law enforcement also helps to either attract or deter potential migrants.  In recent years, wars and misgovernment have propelled millions to move boundaries.  At the same time, countries are imposing migration restrictions by imposing and implementing strict laws.

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During 2018, Skechers USA had Sales of $1,846.4, Gross profit of $818.8 million and Selling, General and Administration expenses
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Answer:

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3 years ago
Carbamate Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentslong dash​
Kamila [148]

Answer:

<em>Equivalent unit for conversion cost= 31,280 units</em>

Explanation:

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transferred                       29,000        100%× 29,000    =          29,000

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Total equivalent unit                                                                    <u>31,280</u>

<em>Equivalent unit for conversion cost= 31,280 units</em>

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