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
Luda [366]
3 years ago
12

True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.

Business
1 answer:
hodyreva [135]3 years ago
5 0
False. 

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD. 

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.
You might be interested in
Which of the following is an example of a non-profit organization?
Anna007 [38]

Answer: Salvation army

Explanation: Non profit organisations are those organisation, which perform their operation with the objective of social welfare or charity.

Salvation army is a charitable organisation having more than 1.7 million members all over the world, whom they refer to as soldiers. This organisation mainly serves to the poor and hungry.

Thus, we can conclude that the right option is D.

8 0
3 years ago
Samantha, who is single and has MAGI of $36,000, recently was employed by an accounting firm. During the year, she spends $1,650
jek_recluse [69]

Answer:

a) $0

b) $4,000

Explanation:

a)

No deduction will be allowed to samantha for the amount spent on CPA exam review course.

So, Samantha can deduct $0.

b)

Under section 222 of IRS Code, maximum amount of deduction allowed to tax payer (whose adjusted gross income is less than $65,000) on account of tuition fees and other education expenses is $4,000.

So, Samantha can deduct $4,000.

Hope this helps!

7 0
3 years ago
Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary.
baherus [9]

Answer with Explanation:

Following are some types of account investments that are better for emergency funds and the return on these investment varies depending upon the risk born by the investors:

  • Current Account Investments
  • Commodity Investments
  • Mutual Funds

If the inflation rate is below the return paid on the current account then it could be a better investment option as the money doesn't loose its value over time.

If the inflation rate is higher than the return paid on the current account then it is better to invest in commodities like gold, petroleum products, etc, that are often termed as speculative investments.

If the investor is risk seeking person, then it is better to invest in mutual funds as the return on such investments is higher because of the higher risk that the investor bears.

6 0
3 years ago
An important use of a hot stick is to_____?
jekas [21]
Protect them from electric shock
hope this helpss
7 0
3 years ago
Jaronda founded Diamond Communications Inc. in 1993. Ten years later, the company went public. Despite Jaronda's death in 2005,
Solnce55 [7]

Answer: C. separation of legal ownership and management control

Explanation: Public traded company can go on with their operation undisturbed when the founder dies, because there is separation of ownership from management of the company.

Public traded companies usually have a board which management report to, the board is the highest decision making body in the company.

7 0
3 years ago
Other questions:
  • When people engage in activities that help others, their brain releases endorphins, the brain’s natural opiates, which induce in
    5·1 answer
  • Everett just finished building a website for his bus-touring company using the Google My Business website builder. He followed t
    10·1 answer
  • Three graduate business students are considering operating a fruit smoothie stand in the Harbor Springs, Michigan, resort area d
    8·1 answer
  • When you borrowed $50 from your rich cousin, and then had to pay her back $60, what is the original $50 called?
    9·1 answer
  • A supplier has contracted to deliver Halloween costumes to a party supply store by October 15th. However, due to a natural disas
    14·1 answer
  • Provide at least 2 suppliers for Nespresso and what materials do they supply?
    13·1 answer
  • Employees at Rayon Enterprises earn one day a month of vacation compensation (twelve days total each year). Vacation compensatio
    12·1 answer
  • Super Smarts University has a sticker price of $45,000 per year. Kyle is applying there and uses their online net price calculat
    12·1 answer
  • Is a decline in the value of the real against the us dollar good for embraer, bad for embraer, or a mixed bag? explain your answ
    15·1 answer
  • For the following year, show how the following amounts should be reported on the financial statements:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!