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
Sergio [31]
2 years ago
12

There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or fr

om being an inferior good to a normal good. One such example of a good is the Toyota Camry. In the 1980s, more income for a household usually resulted in more Camrys being purchased. However, today more Toyota Camrys are purchased by households that have experienced a reduction in income.How could this happen? a. households have already purchased enough camry's so income has little impact. b. the camry becomes a normal good because the good is now perceived as lower in quality than a lexus. c. the camry becomes an inferior good because as consumers receive more purchasing power, they purchase more of the product. d. the camry becomes an inferior good because the good is now perceived as lower in quality than a lexus.
Business
1 answer:
boyakko [2]2 years ago
7 0

Answer:

d. the camry becomes an inferior good because the good is now perceived as lower in quality than a lexus

Explanation:

There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or from being an inferior good to a normal good. One such example of a good is the Toyota Camry. In the 1980s, more income for a household usually resulted in more Camrys being purchased. However, today more Toyota Camrys are purchased by households that have experienced a reduction in income.

How could this happen?

<u>This could only have happened because of a change in perception in households over time. </u>

It is stated in the Scenario that ''today more Toyota Camrys are purchased by households that have experienced a reduction in income.''

<u>That means Toyota Camry has become an inferior good that is purchased more when income falls.</u>

<u>Hence, the only reason the scenario would have occurred is that the camry becomes an inferior good because the good is now perceived as lower in quality</u> than a lexus

You might be interested in
Unlike a general partnership, in a limited partnership
Trava [24]

In a limited partnership:

The inactive partner has limited liability for the business's debts

Explanation:

In a general partnership all partners share equal financial responsibility for the firm's decisions.

This means that all partners are supposed to have equal liabilities but hat is not the case for limited ones.

In limited partnerships there is a general partner who owns most of the business and has most of the availability and the limited partner has pooled resources for the business but has very little personal responsibility to it.

This model is usually there when the firm needs some investors and the person running business is usually the owner only.

7 0
3 years ago
If all courses were regular (not honors or AP) 1 credit classes, calculate the student's GPA based on the following grades:
12345 [234]

2.56 is the calculate of the student GPA

7 0
2 years ago
Collier/Evans defines servicescape as "all the physical evidence a customer might use to form an impression."
Slav-nsk [51]

Answer:

Walmart

Explanation:

The serviescape of a business includes the business appereance, layout, structure, signage, and equipment.

Walmart is a retail superstore that specializes in cheap consumer goods. The layout of the Walmart, is accordingly, spacious in order to accommodate as many products as possible.

The colors blue, yellow and white dominate the sings in the store, because those are the colors of the corporate brand. In the ailes, prices are written with very large fonts so that any customer can easily read them. This has to do with the fact that Walmart has established itself as a cheap option.

The greeters at Walmart are part of the corporate culture, but also a means to prevent shoplifting.

7 0
3 years ago
Julie is looking to sell her flower shop. She should hire a(n) _____ to help her find a buyer and negotiate the sale.
Alchen [17]

Answer:

B is the answer for the question

8 0
2 years ago
What factors are involved when there is an interaction between a person and an experience?
olganol [36]

Answer:

The correct answer is letter "A": sociocultural factors.

Explanation:

Sociocultural factors represent the behavior of societies in different matters and how they can affect individuals. They are mainly driven by the difference among people in the same community and how they interact. Those factors could be <em>religion, ethnicity, </em>and <em>culture</em> to mention a few.

5 0
2 years ago
Other questions:
  • The income statement of Sarasota Company is shown below. SARASOTA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
    15·1 answer
  • Which of the following Lean principles reflects the ability of a customer to move through a process? a) Value b) Flow c) Pull d)
    10·1 answer
  • assume that you provide your services in a company as its HR representative you must create the code of conduct manual for the c
    7·1 answer
  • BidBuy is the world's leading online auction company. When BidBuy was founded ten years ago it was the first online auction comp
    7·1 answer
  • Tom is analyzing a project with an initial cost of $38,000 and free cash flow (FCF) of $29,000 a year for 2 years. This project
    11·1 answer
  • Sights Unseen, Inc., (SUI) sells telescopes with distinctively designed lenses and mirrors. Later, without SUI’s permission, Tel
    7·1 answer
  • Kane Corp. obtained a business loan from a bank. A year later, the company transferred the ownership of one of its properties to
    13·2 answers
  • Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living a
    12·1 answer
  • The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is
    7·1 answer
  • Tropical Tours reported revenue of $411,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!