The income effect shows a change in someone or the economy's income and how it changes the quantity of a good or service. If one is making more, they are usually buying more of something. If someone is making less, they are often buying less of something.
In the market for magazines, the "income effect" means that if the price of a magian rises magazine readers will purchase less magazines.
Answer:
the contribution made to the production of 200 autos and 200 trucks is $9,000,000
Explanation:
The computation of the contribution made to the production of 200 autos and 200 trucks is shown below
Contribution to GDP is
= $30,000 × 200 + $15,000 × 200
= $6,000,000 + $3,000,000
= $9,000,000
Hence, the contribution made to the production of 200 autos and 200 trucks is $9,000,000
That statement is true
A stated interest rate is the return of investment that is not compounded by the interest accumulation throughout the years.
In general, a stated interest rate will give us a lower amount of return compared to effective annual interest rate that compound the accumulation throughout the years,
If the monetary incentives to make music go away, fewer people will be interested in pursuing musing.
The answer in the space provided is capacity plan. It is
because it is the one responsible of meeting the demands in terms for the
products or services by having to determine its capacity for these change to be
made.
