Answer:
B. negative, positive
Explanation:
Substitution effect : Price rise of a good makes it relatively expensive, decreases its demand. Price fall of a good makes it relatively cheap, increases its demand.
So: Substitution Effect is always negative as per above explanation.
Income Effect : Price rise of a good decreases real income/ real purchasing power of consumer & reduces demand of all goods. Price fall increases real purchasing power & increases demand of all goods.
Income effect is positive in case of Normal Goods, normal good demand is positively related to income. The effect is negative in case of inferior goods, inferior good demand is negatively related to income.
Hence: Price rise of rice - Substitution effect results in negative change in rice consumption. {∵substitution effect always negative}
Income Effect leads to positive change in rice consumption {∵price rise reduces real income & income effect is negative for inferior goods}
Answer:
B. Group By operator
Explanation:
Hope this helps and have a nice day :)
No, the estate of monique chablis does not required to file the income tax return.
Given that the income of monique chablis is $390.
We are required to find whether monique chablis is required to file the income tax return or not.
No, the estate of monique chablis is not required to file the income tax return because the income is less than $600.
Income tax is a direct tax paid by income earners to government.
Income tax return is nothing but the annual record of your income.
The person whose income exceeds the limit has to file income tax return and the limit is decided by the government.
Hence it is said that the estate of monique chablis not required to file income tax return.
Learn more about income tax at brainly.com/question/26316390
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The fed currently focuses monetary policy on the ; Federal funds rate
Answer:
$44,592
Explanation:
The book value of a building = Cost Price - Accumulated Depreciation
= $(251,060 - 109,510)
= $141,550
The present value of the non-interest-bearing note due on January 1, 2023 (or Discounted Cash Flow) =
FV/(1+i)^t
= $241,060/(1+0.09)^3
= $241,060/1.29503
= $186,142
Gain on Sale of the building = $(186,142 - 141,550) = $44,592
