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Marina CMI [18]
4 years ago
11

Consumers’ willingness to pay depends on their (blank) income and prices of related goods.

Mathematics
2 answers:
Orlov [11]4 years ago
8 0

Answer: Consumer's willingness to pay depends on their disposal income and prices of related goods.

Step-by-step explanation:

Consumer's willingness to pay depends on their disposal income and prices of related goods.

Disposal income is the income after deducting taxes and ready to spent on buying the products.

If the income of the consumer increases, demand for normal goods will also increase, as there is direct relationship between normal goods and disposal income.

rewona [7]4 years ago
3 0
Consumers’ willingness to pay depends on their disposable (or discretionary) income and prices of related goods.
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150/200×100%=75%
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3 years ago
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Answer:

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Step-by-step explanation:

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You would add the 2 fractions. Since 2/16 equals 1/8 you could add 1/8 plus 4/8. That will give you 5/8. After all that you subtract 5/8 from 8/8, which will give you 3/8.

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Consider the given probability histogram of a binomial
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The center and shape of the distribution are 2.5 and symmetric. Then the correct option is B.

<h3>How to find that a given condition can be modeled by binomial distribution?</h3>

Binomial distributions consist of n independent Bernoulli trials.

Bernoulli trials are those trials that end up randomly either on success (with probability p) or on failures( with probability 1- p = q (say))

Suppose we have random variable X pertaining to a binomial distribution with parameters n and p, then it is written as

 

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Then the center and shape of the distribution will be 2.5.

Learn more about binomial distribution here:

brainly.com/question/13609688

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Step-by-step explanation:

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