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padilas [110]
3 years ago
5

the income effect of a price change refers to the impact of a change in a) income on the price of a good b) demand when the inco

me changes c) the quantity demanded when income changes d) the price of a good on a consumer's purchasing power
Business
1 answer:
zheka24 [161]3 years ago
4 0
<span>D
The income effect is the phenomenon observed through changes in purchasing power. It reveals the change in quantity demanded brought by a change in real income (utility).</span>
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Compared to an early president’s cabinet, the size and impact of a modern president’s cabinet has ______________.
hram777 [196]

Answer:

The correct answer that fills the gap is:<em> increased dramatically and is much greater. </em>

Explanation:

For politics, the cabinet is the set of ministers that make up a government. The cabinet, therefore, constitutes the Executive Power of a State. The concept may vary by country: for example, in Spain, the cabinet is an administrative body that supports a minister or a secretary of state.

8 0
4 years ago
An increase in​ income, holding prices​ constant, can be represented as A. a change in the slope of the budget line. B. a parall
Lisa [10]

Answer:

Option (B) is correct.

Explanation:

If there is an increase in the income of the consumer then as a result there is a parallel shift in the budget line. This increase in income will increase the real purchasing power of the consumers and hence, this would increase the quantity of two goods consumed in an equal proportion.

Other factors remains the same, an increase in the income level of the consumer will increase the consumption of both the goods because the prices of both the goods are constant.

5 0
4 years ago
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Bal
Romashka [77]

Answer:

Go up...Explanation:

5 0
3 years ago
Stocks tend to make better short-term investments, while bonds tend to make better long-term investments. Please select the best
svlad2 [7]

Answer

Hi,

False

Explanation

Stocks are the stake of ownership a person has in a company where as bonds are debts. Due to fluctuating nature of the stock markets, stocks are riskier in the short term but in valuable in the long-term. Bonds work on fixed interest rates that the issuer buys from the investor. Bonds are safer investments in the short term and a good start for new investors.

Hope this helps!

5 0
3 years ago
Read 2 more answers
If each extra worker produces four additional units of​ output, how do the total product of​ labor, average product of​ labor, a
Ne4ueva [31]

So the thing here is that n workers produce n units of output, and so the total product of labor equals the number of workers: q = L

MP_{L} will differ by labor because the extra workers creates one more units of output, MP_{L}= ∆q/∆L= 1

AP_{L} will differ by how much labour was put into it:divide both sides of the production function, AP_{L}= q/L= 1

---------------------

Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)  

- Cutiepatutie ☺❀❤

4 0
3 years ago
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