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solniwko [45]
2 years ago
9

The distinction between a normal and an inferior good is

Business
1 answer:
Romashka-Z-Leto [24]2 years ago
5 0

Answer:

The correct answer is C. when income​ increases, demand for a normal good increases while demand for an inferior good falls.

Explanation:

The normal good is that whose quantity demanded for each of the prices increases when the rent increases. A lower good is one whose quantity demanded decreases when income increases. The inferior goods are usually those for which there are higher quality alternatives. When it comes to a normal good, increasing the income of the consumer increases the quantity demanded at each price. Causing a shift in demand to the right.

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Which of the following is a source of income? A. Investment B. House purchase C. FICA D. Timeshare
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Investment is a source of income.

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The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, while the
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The given statement is <u>False.</u>

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If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________
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Answer: 258 million

Explanation:

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2 years ago
The commission structure on a stock purchase is $45 plus $0.04 per share. If you purchase five round lots of a stock selling for
Vedmedyk [2.9K]

The commission for purchasing five round lots of a stock selling for $130 is $65.

<h3>What is round lots of a stock?</h3>

A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.

1 round lots = 100 shares

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Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.

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