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
Anika [276]
3 years ago
15

Refer to Exhibit 3-6. If a decrease in income causes the demand for good X to shift from D1 to D2, then good X is ____

Business
2 answers:
sergeinik [125]3 years ago
7 0

Answer:

An inferior good

Explanation:

First of all, It is important to understand the behavior of the demand curve, if the demand for a good X causes the demand curve to shift from D1 to D2, this means there is an increase in demand.

If a good increases in demand when there is decrease in income, the good is an inferior good because this is a good that is demanded when buyers have to spend cautiously, this means inferior goods are the opposite of normal goods and buyers would normally not demand such items. Such goods could be inferior either in terms of quality, method of production, manufacturers, e.t.c.

stiv31 [10]3 years ago
3 0

Answer:

(D) an inferior good.

Explanation:

The inferior good had a negative relationship between income and demand.

When the income is lower, the demand increases as people moves away from normal goods to inferior as they are cheaper. And it will decrease once the income level return to his previous level.

This causes even more troubles in recessions to normal company's as the demand decrease and also, it shift to other goods.

You might be interested in
If a firm is a factor price taker in the labor market,a) it will continue to hire workers as long as MFC > MRP. b) it must pa
pav-90 [236]

Answer:

d) it can hire all the workers it wants to at the going wage rate.

Explanation:

The price taker means the company or an individual is ready to accept the prices that are prevailed in the market

In the case when a firm is a price taker in the labor market also it cannot set the prices as expected. The attached diagram represent the flat supply curve. It hire the workers depend upon the MPR and the factor supply curves

Therefore in the given situation, the last option is correct

8 0
3 years ago
Country with less than average progress in technology production and socio economic welfare
Brums [2.3K]
Countries that are in this state are measured according to the said three major areas. If it performs below the average, it means that the Gross National Product (GNP), Gross Domestic Product and Gross National Income are all low. The countries are categorized as Least Developed Countries (LDC's). The United Nations identified the following countries in Asia as LDC; Afghanistan, Bangladesh, Bhutan, Cambodia, East Timor, Laos, Myanmar Nepal and Yemen.
3 0
4 years ago
A grade if A is worth ___ grade points
Solnce55 [7]

An ‘A’ is worth 4.0 points

Hope this helps

-AaronWiseIsBae

(edited)

6 0
3 years ago
In a(n) ________, two or more companies at one level join together to follow a new marketing opportunity.
lukranit [14]

In a <u>horizontal marketing system</u>, two or more companies at one level join together to follow a new marketing opportunity.

A Horizontal advertising machine is a form of distribution channel wherein or extra groups on the equal stage unrelated to each different come collectively to advantage the economies of scale.

A horizontal advertising and marketing gadget is all about connecting to a broad target audience. this will suggest that two or more agencies join together to capitalize on new opportunities. For instance, a grocery store and a bank ought to agree to have a bank's ATMs located at their supermarket places.

A Horizontal advertising gadget is a shape of a distribution channel wherein two or extra corporations at the same degree unrelated to every different come together to gain economies of scale.

Learn more about the horizontal marketing system here brainly.com/question/14006686

#SPJ4

5 0
2 years ago
You are 18 years old, opening your first savings account, and are considering three options: BANK A is not FDIC insured, has an
leonid [27]

Answer:bank b

Explanation:

6 0
3 years ago
Other questions:
  • Samuel Jenkins made two investments; the first was 13 months ago and the second was two months ago. He just sold both investment
    15·1 answer
  • What are the differences between first-generation OD and second-generation OD? What are the major changes between these two gene
    12·1 answer
  • Next year, Baldwin plans to include an additional performance bonus of 0.5% in its compensation plan. This incentive will be pro
    13·1 answer
  • Bruce, a first-line supervisor at Lou’s Market, regularly uses abusive and derogatory words when dealing with his subordinates.
    14·1 answer
  • I’m marking the brainliest :))
    12·2 answers
  • Budgeted sales for the Kelsey Company for the first quarter are as follows: January February March Credit Sales $250,000 $300,00
    14·1 answer
  • What is the discounted price for a piece of software that has a list price of $49.99 if we are discounting it by 20%? (Required)
    9·1 answer
  • how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
    11·1 answer
  • Which of the following describes the mission of an organization? a. Who are we? Who will we become? b. What do we stand for and
    11·1 answer
  • A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!