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Mila [183]
3 years ago
9

When the economy suffers a downturn and the incomes of many people decrease, vacationers are more likely to take car trips than

to fly. Which statement provides one possible explanation for this phenomenon?
Business
2 answers:
klemol [59]3 years ago
6 0

Answer:incomes are decreasing and so is air travel, Air travel is normal good.The decrease in income results in more car trips, making it an interior good

Explanation:NORMAL GOOD:When a rise in income increases the demand for the good.

INFERIOR GOOD:When a rise in income decreases the the demand for the good.

inysia [295]3 years ago
3 0

Answer: Air travel is a normal good and vacation travel by car is an inferior good

Explanation: What is a normal good and what is an inferior good.

Normal goods are those goods for which the demand rises as consumer income rises. While inferior goods are goods whose demand increases when consumer income decreases.

This therefore means that the demand of inferior goods is inversely related to the income of the consumer.

From the question above, we can say that car trips are inferior goods while the air travel are normal goods.

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If the banking system does NOT want to hold any excess reserves,  $250,000 will be <u>added </u>to the money supply.

<h3>What is an excess reserves?</h3>

Excess reserves is known to be the capital reserves that is said to be held by a bank or financial institution and it is one that is too much or is in excess of what is needed by regulators, creditors, or others.

Since there is  $25,000 worth of U.S. Treasury bills, one will multiply it times 10 = $250,000

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2 years ago
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3 years ago
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galben [10]

Get-away represents lifestyle segmentation.

<h3>What is lifestyle segmentation?</h3>
  • Customer lifestyle segmentation is the technique of breaking each customer's information into small sub-groups.
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Therefore, Get-away represents lifestyle segmentation.

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There are 3 things to consider to help you gather the information needed: target you audience, determine the purpose and stand o
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True

Explanation:

I'm 50% sure :)

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Answer:

The answer is given below;

Explanation:

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