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
Radda [10]
3 years ago
7

What is a normal good?​ a. ​ A good whose demand increases when income decreases b. ​ A good whose demand decreases when income

decreases c. ​ A good whose demand increases when price increases d. ​ Both B&C
Business
1 answer:
4vir4ik [10]3 years ago
4 0

Answer:

. ​ A good whose demand decreases when income decreases

Explanation:

A normal good is a product whose demand increases as consumers' income increases. The demand may also increase as economic conditions in the country improve. Similarly, when income decrease, the demand also declines.

As people income increase, the purchasing power increase. They prefer more costly goods than give them more satisfaction. Increased income tends to make consumers abandon goods that offer less utility.  Normal goods tend to be associated with customers in high-income.

You might be interested in
After graduating with his MBA and returning from his trip to find no shoes from
lukranit [14]

Answer:

ooooooooooooooooooooooo

4 0
3 years ago
A monopoly exists when _____ provides a good or service.
marishachu [46]
A company controls the market for a good or service
8 0
3 years ago
All of the following are ways listed in your text that customers engage with brands via social media except consumers acting as
lys-0071 [83]

Answer: consumers acting as brand advocates

Explanation:

A consumer is less likely to act as a brand advocate. An advocate to someone is a person that speaks on behalf of someone or acts as an intermediate between a person he is representing and another. An advocate role is not the job of a consumer.

5 0
3 years ago
Liz trespasses on mega corporation's property. through the use of reasonable force, mega's security guard ned detains liz until
irina1246 [14]

Mega is likely liable for trespassing. It is because when an individual trespass on someone else’s property without the owner’s consent, the individual who had trespass would likely be liable or detained for trespassing on someone else’s property and can be charged based on the law.

3 0
3 years ago
Read 2 more answers
Joyce's investments earn 5% nominal annual return right now while the inflation rate is at 1%. If inflation increases to 5%, it
Dafna1 [17]
So if each nominal is 5 and the inflation 1 so if you have 5  inflation you will have 25 nominal 
6 0
3 years ago
Read 2 more answers
Other questions:
  • Excerpts from Huckabee Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receiv
    7·1 answer
  • The national labor relations act of 1935 (wagner act) required employers to ________.
    13·1 answer
  • The Rogers Corporation has a gross profit of $704,000 and $333,000 in depreciation expense. The Evans Corporation also has $704,
    10·1 answer
  • Financial statements does not cover a period of time but rather reports amounts at a specific point in time?
    9·1 answer
  • A broker has placed his own funds in the trust account along with the funds of several clients. He has written records of all fu
    6·1 answer
  • What is Ezy MultiStores?
    10·2 answers
  • If the federal reserve lowers the federal funds rate, what will happen to bank savings account?
    10·1 answer
  • Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment
    7·1 answer
  • Dorian owns a farm and sells potatoes to local restaurants and grocery stores. which phrase describes this information about dor
    14·1 answer
  • On a linear demand curve, if the price is low and the quantity demanded is high, demand is _____ in that region and a price incr
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!