Answer:
a normal good
Explanation:
A normal good is one that a consumer buys normally and when there is an increase in his income there is an increase in the demand of this good.
The opposite of this is an inferior good whose demand falls sometimes to zero as income increases. Consumers choose other goods to consume as income increases.
In the given instance where Joshua's income increases and he purchases more prime-rib dinners than he did before his income increased, this is a normal good for him.
Answer: <u><em>Fred must pay based on an implied-in-fact contract theory.</em></u>
Implied contract are agreement where the state of the individuals who makes them enter into an agreement which is not neither written nor explicitly elaborated.
In this scenario, even though there were no prices stated, but the order for food was placed , that implies an agreement or implied contract.
Answer:
Check the explanation
Explanation:
What would be the market prices <em><u>(which is the current or present price at which services or goods can be purchased/procured or sold. In the financial markets, the market price can adjust so rapidly which is mostly how people change their bid or the way they offer prices, or as buyers hit the offer or as sellers hit the bid.) </u></em>for both bond on the day can be seen in the attached images below:
<span>C) Renters don’t have to pay for major repairs to the property.</span>
