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4 years ago

For a normal good, a decrease in demand is represented as a

Business

1 answer:

Nina [5.8K]4 years ago

7 0

Answer:

C. leftward shift of the demand curve.

Explanation:

A normal good is a good whose demand increases when income increases and falls when income falls.

The demand curve is represented as downward sloping curve. It slopes downward because the higher the price, the lower the quantity demanded and the lower the price, the higher the quanirty demanded.

A fall in demand is represented by a leftward shift of the demand curve. A rise in demand is represented by a rightward shift of the demand curve.

Factors that leads to a leftward shift of the demand curve:

1. Decrease in income

2. Change in taste - if consumers prefer other products

3. Season

4. Fall in price of substitutes

I hope my answer helps you

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Marwick Corporation issues 8%, 5-year bonds with a par value of $1,100,000 and semiannual interest payments. On the issue date,

Nina [5.8K]

Answer: $1,193,838.80

Explanation:

The price of a bond is the sum of the present value of the coupon payments and the face value at maturity.

= Present value of coupon payments + Present value of face value at maturity

First adjust the variables for semi-annual:

Number of periods = 5 * 2 = 10 semi annual periods

Coupon payment = 8% * 1,100,000 * 1/2 years = $44,000

Yield = 6% / 2 = 3%

Present value of coupon payments:

The coupon payments are constant so are an annuity:

= Annuity * Present value of an annuity factor, 10 periods, 3%

= 44,000 * 8.5302

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3 years ago

Walt consumes strawberries and cream but only in the xed ratio of three boxes of strawber-

Tcecarenko [31]

Answer:

(d) Walt demands 12 boxes of strawberries.

Explanation:

For every 3 box of strawberries, Walt consumes 2 box of cream

=> For every 1 box of strawberry, he will consumer 2/3 box of cream

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Cost = 10*X + 10*(2/3)*X = 200 = Income

=> 10X + 20X/3 = 200

=. 30X + 20X = 600

=> 50X = 600

=> X = 12

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3 years ago

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Answer:

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3 years ago

For a normal​ good, a decrease in demand is represented as a

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