1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Viktor [21]
3 years ago
6

You purchase both potatoes and gasoline regularly. Your income decreases, and you purchase less gasoline. This means that: Gasol

ine is a normal good. Potatoes are inferior goods. Gasoline has a negative substitution effect. Gasoline is an inferior good.
Business
1 answer:
KIM [24]3 years ago
7 0

Answer:

Gasoline is a normal good

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

Because the demand for gasoline falls when income falls, gasoline is a normal good.

I hope my answer helps you

You might be interested in
PLEASE HELP ME ILL MAKE YOU BRAINLIEST
Alik [6]

Answer:

xxxxxxxxxxxx

xx

xxxxxxxxxxxxxx

`

xxxxxxxxxxxxxxxx``x

Explanation:

4 0
3 years ago
In 1924, the famous novelist F. Scott Fitzgerald wrote an article for the Saturday Evening Post entitled ?How to live on $36,000
Maksim231197 [3]

Answer:

$4,267,059

Explanation:

to determine the equivalent amount of money between 1924 and 2008, we must divide the 2008 CPI by the 1924 CPI, and then multiply by $36,000:

= (2015 / 17) x $36,000 = 118.53 x $36,000 = $4,267,059

The consumer price index measures the weighted price of basket of goods . It is useful for calculating inflation and comparing how the purchasing value of the US dollar has decreased in time. Basically what this shows us, is that $1 in 1924 would purchase the same amount of goods as $118.53 in 2008.

8 0
3 years ago
Price level stability necessitates intelligent management or regulation of which of?
Kipish [7]

Price level stability necessitates intelligent management or regulation for money supply and interest rates.

Money supply alludes to how much money or cash coursing in an economy. The money supply is the aggregate sum of money present in an economy at a specific level.

The record of the absolute money supply is kept by the Central Bank of the country.

Interest rates is the sum a bank charges a borrower and is a level of the head - the sum credited. The financial cost on a credit it's regularly noted on a yearly premise known as the Annual Percentage Rate (APR).

To learn more about Money Supply.

brainly.com/question/12225192

To learn more about Interest Rates.

brainly.com/question/14556630

#SPJ4

3 0
1 year ago
A ____________ is generally priced at a flat rate and allows software to be used on all computers at a specific location.
Elena-2011 [213]

The answer to this question is a site license. A site license is a type of software license where in the user is allowed to install a software to a several number of computers and use the software in a particular / specific site through a network. The software licensing is another term used for site license.

3 0
3 years ago
Heritage, inc., had a cost of goods sold of $45,821. At the end of the year, the accounts payable balance was $8,773. How long o
Aliun [14]

<u>Calculation of Days Payable Outstanding:</u>

Days Payable Outstanding can be calculated using the following formula:

Days Payable Outstanding = (Accounts

Payable *365) / Cost of Goods Sold

= (8,773*365)/45,821

= 69.88

Hence, Days Payable Outstanding is 69.88 days. We can say that it takes on average<u> 69.88 </u>days to the company to pay off its suppliers during the year.





3 0
3 years ago
Other questions:
  • Asymmetric information occurs when A. everyone has the same information. B. people engaging in a transaction are uncertain about
    8·1 answer
  • Kelly has joined Drake's team. Drake sends Kelly an email explaining details of the project that she will be working on. Which o
    10·2 answers
  • Assume you work for a valuation firm, and you have been given the assignment of valuing a local law firm comprising three partne
    6·1 answer
  • A three-person committee has to choose a winner for a national art prize. After some debate, there are three candidates still un
    14·1 answer
  • The accounting rate of return is computed as: a. Average annual income from the project divided by average annual investment. b.
    9·1 answer
  • In each of the following separate cases, indicate whether the company has entered into a finance lease or an operating lease. 1.
    10·1 answer
  • Companies that organize their sales force by customer and territory; product and territory; product and customer; or territory,
    12·1 answer
  • 500+400-15+40-5+500000-200+500​
    6·1 answer
  • Kuria is a longtime customer of Middlebury Bank and has a savings account with the bank. She recently took out a car loan from t
    9·2 answers
  • .
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!