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
stiks02 [169]
3 years ago
11

The quantity demanded of good A rises as income rises. It follows that income elasticity of demand is __________than 0, and good

A is a(n) __________ good. a. greater; inferior b. greater; normal c. greater; substitute d. less; normal e. greater; complementary
Business
1 answer:
Novay_Z [31]3 years ago
7 0

Answer:

b. greater; normal

Explanation:

Income elasticity describes the response of the demand of a certain good to the change of the income of the consumers. If the elasticity of income is greater than zero (or is positive) , then we can categorize that particular good as a "normal good". This means that as the income of the consumers increases, the demand of that particular good increases as well.

The counter part of a normal good is called inferior good. They have a negative elasticity of income, which means as the income of consumers increases, the demand of that particular good decreases.

You might be interested in
The following are the account balances in the ledger of Metcaffe Manufacturing Company compiled at the end of fiscal-year 6/31/2
Marina86 [1]

Answer:

tanong mo sa crush mo joooook

5 0
3 years ago
Dialogue with a goal of helping another be more effective and achieve his or her full potential on the job is referred to as
Aloiza [94]

Answer:

Dialogue with a goal of helping another be more effective and achieve his or her full potential on the job is referred to as coaching.

3 0
3 years ago
How did the economy impact the livelihood of the 13 original colonies? open study?
AVprozaik [17]
Before the foundation of the United States, the Kingdom of Britain owned the 13 colonies on the East shore of North America. Those colonies were separated into 3 regions: the New England, the Middle Colonies, the Southern Colonies. Economic activities and trade was dependent of the environment in each of those regions. Economy in the New England :  ship building industry, fishing, trade. Economy in the Middle Colonies: farming, lot of jobs for skilled workers. Also merchants invested money in colonies. In the Southern Colonies: cotton and tobacco-industry. The economy impact the livelihood of the original 13 colonies by giving jobs and money to the colonists.
4 0
4 years ago
Hunt Company purchased factory equipment with an invoice price of $90,000. Other costs incurred were freight costs, $1,100; inst
saul85 [17]

Answer:

Acquisition cost of the Equipment = $94,000

Double declining depreciation rate = 25%

Explanation:

a. The computation of the acquisition cost of the equipment is shown below:-

Acquisition cost of the Equipment = Invoice cost + Freight costs + Installation wiring and foundation + Material and labor costs used in testing

= $90,000 + $1,100 + $2,200 + $700

= $94,000

b. The computation of double declining depreciation rate is  here below:-

Double declining depreciation rate = 1 ÷ Depreciation life × Times

= 1 ÷ 8 × 2

= 0.125 × 2

= 0.25

or

= 25%

8 0
3 years ago
?a(n) ________ is a manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offe
Vesna [10]
The correct answer would be acceptance. It is a manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offer as measured by the objective theory of contracts. It happens when the offeree and offeror are in mutual understanding between the terms in a contract.
8 0
3 years ago
Other questions:
  • _____________, which can be approximated by the growth of gross domestic product, ultimately determines the prevailing standard
    6·1 answer
  • Explain how each of the following people would talk about scarcity and trade-offs.
    11·1 answer
  • If Sara just reconciled her checking account, what did she do?
    11·1 answer
  • (Calculating annuity payments) The Aggarwal Corporation needs to save $10 million to retire a $10 million mortgage that matures
    11·1 answer
  • The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and produc
    9·1 answer
  • Which of the following statements about a company’s realized strategy is true? A company’s realized strategy is usually kept sec
    10·1 answer
  • g A review of Parson Corporation's accounting records found that at a volume of 146,000 units, the variable and fixed cost per u
    15·1 answer
  • Brian, an industrial equipment sales rep, purchases a quick snack to eat on the way to work. he buys lunch while on the road vis
    13·1 answer
  • For a single person, 0 allowances, who made $185 last week State withholding tax: $ Federal withholding tax: $
    6·1 answer
  • When the insured knows more about their circumstances than the insurer, there is
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!