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exis [7]
2 years ago
8

Good Y is a normal good. If the average income of those who buy good Y rises, the _____________ curve for good Y will shift ____

________ resulting in a(n) _____________ in the equilibrium price of Y and a(n) ____________ in the equilibrium quantity of Y.
Business
1 answer:
Margarita [4]2 years ago
8 0

Answer:

Blank 1: Demand

Blank 2: Right

Blank 3: Increase

Blank 4: Increase

Explanation:

Good Y is a normal good. If the average income of those who buy good Y rises, the <u>demand</u> curve for good Y will shift <u>right</u> resulting in a(n) <u>increase</u> in the equilibrium price of Y and a(n) <u>increase</u> in the equilibrium quantity of Y.

This is explained from the graph given below:

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<em>I hope this information can help you.</em>

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Answer:

(C) Product X = $880; Product Y = $2,240

Explanation:

The applied overhead will be calculate by the product of the cost diver and the overhead rate:

<u>Cost driver for each product:</u>

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Product Y   4MH and 8LH

<u />

<u>Overhead rate: </u>

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