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Brut [27]
3 years ago
11

An inferior good is one for which _ _ in buyers income causes

Business
1 answer:
yuradex [85]3 years ago
3 0
An inferior good is one for which an increase <span> in buyers income causes</span> a decrease in demand.

Hope this helps !

Photon
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Because she didn't have a piece of paper handy, mary mentally repeated the long-distance phone number over and over. mary was tr
Ira Lisetskai [31]

long-term memory, so she can recall it later

7 0
3 years ago
Ketchup is a complement (as well as a condiment) for hot dogs. If the price of hot dogs rises, the quantity of hot dogs demanded
-BARSIC- [3]

Answer:

Fall; lowers; falls; decrease; lower; increases; fall; away from orange juice and toward tomato juice; falls.

Explanation:

Ketchup is a complement and condiment in hot dogs. An increase in the price of hot dogs will cause its quantity demanded to fall. This will cause the demand for ketchup to decrease as well. The demand curve for ketchup will move to the left. This will cause the equilibrium quantity to fall. This will further cause a reduction in the demand for tomatoes by ketchup producers.

A decrease in demand will cause the equilibrium price of tomatoes to fall. A reduction in the price of tomatoes will lower the cost of producing tomato juice. The firms will be able to supply more at the same cost. This will cause the supply to increase. As the supply curve moves to the right, the equilibrium price of tomato juice will fall.

Orange juice is a substitute for tomato juice. The consumers will prefer the cheaper substitute. As a result, demand will move away from orange juice towards tomato juice. This will cause the demand for orange juice to fall.

4 0
3 years ago
The p/e ratio can be interpreted as ""the number of years’ earnings to pay back purchase price"" True or False
ICE Princess25 [194]

Answer:

True

Explanation:

P/E ratio is the price to earning ratio. Investor look into this ratio before investing or buying share of the company as it shows the market value of the shares or demand of the shares in the market. If ratio is higher then investor anticipate the growth of the company´s earning in the future, it also show investors are willing to pay higher price for each dollar earning of the company.

Price earning ratio= \frac{market\ value\ price\ per\ share}{earning\ per\ share}

7 0
3 years ago
Use the following information:Net sales $ 240,000Cost of goods sold 172,000Beginning inventory 53,000Ending inventory 43,000Calc
mr_godi [17]

Answer:

The inventory turnover ratio is 3.58 times

Explanation:

Inventory turnover ratio an efficiency ratio that indicates how many times a company sells and replaces its stock of goods during a particular period

Inventory turnover ratio is calculated by using following formula:

Inventory turnover ratio = Cost of Goods Sold/Average Inventory

In there:

Average Inventory = (Beginning inventory + Ending inventory)/2

In the company:

Average Inventory = ($53,000 + $43,000)/2 = $48,000

Inventory turnover = $172,000/$48,000 = 3.58 times

5 0
3 years ago
The first marketing law suggests that to be successful in the market, marketers need to?
tia_tia [17]

The first marketing law suggests that in order to be successful in the market, the marketers need to understand the customer's demand and identify the brand positioning of the product in the market. Therefore, the option C holds true.

<h3>What is the significance of marketing laws?</h3>

Marketing laws are the ones that are universally accepted principles followed by marketers in order to get successful position in the market. The first and foremost law tells about how one should position the brand in a market over the demand of customers.

Therefore, the option C holds true and states regarding the significance of marketing laws.

Learn more about marketing laws here:

brainly.com/question/16264752

#SPJ4

The incomplete question has been completed below for better reference.

A. Understand customer's demands

B. Identify brand positioning

C. Both A and B

D. None of these

3 0
1 year ago
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