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
The financial ratio that measures the accounting profit per dollar of book equity is referred to as the:
WINSTONCH [101]

Answer:

Return on equity.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

The financial ratio that measures the accounting profit per dollar of book equity is referred to as the return on equity. It is calculated by dividing the net income with the shareholder's equity at a specific period of time

3 0
3 years ago
An individual is now 50 years old, that he plans to retire in 10 years, and that he expects to live for 25 years after he retire
Nutka1998 [239]

Answer:

Ans.  He must save during each of the following 10 years, at the end of each year $32,452.

Explanation:

Hi, in order to find the amount of money that he should have in ten years so he can receive an annual payment of $65,156 for 25 more years (24 payments), we need to bring to present value all 24 payments to year 10. Let me show you the formula.

PresentValue_{10} =\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }

Where:

A= $65,156

n= 24

r= 0.08

Therefore the present value in year 10 is:

PresentValue_{10} =\frac{65,156((1+0.08)^{24}-1) }{0.08(1+0.08)^{24} }=686,012

So that is our present value in year 10, or to put it in other words, our future value (if we look at it from year 0). Now we need to find the annuity (amount to save) that with account for $686,012, plus that $100,000 that he already has saved.

Every should look like this.

686,012=100,000*(1+0.08)^{10} +\frac{A((1+0.08)^{10}-1) }{0.08(1+0.08)^{10} }

And we solve this equation for "A".

686,012=A(14.4865625)+215,892

A=\frac{(686,012-215,892)}{14.4865625} =32,452

Best of luck.

5 0
3 years ago
If when the price of product e decreases by 2%, this causes its quantity demanded to increase by 14% and the quantity demanded f
hodyreva [135]
Cross elasticity of demand measures the responsiveness in the quantity demand of one good when a change in price takes place in another commodity or good. It is calculated by dividing the percentage change in the quantity demanded of one good by the percentage change in price of other good.
Therefore, in this case, cross elasticity of demand will be;
   17%/-2% = - 8.5   (-2% because its a decrease)
Thus , the elasticity will be -8.5
3 0
3 years ago
If you were to going to use a graphic that best showed the relative proportions of educational spending in the State of Californ
Svetradugi [14.3K]

Answer:

(c) Circle graph

Explanation:

The circle graph or pie chart is commonly used when we want to give a visual demonstration of the proportional division of a data. Each item is expressed as a sector of the circle where the angle is relative to the value of the item.

6 0
3 years ago
Read 2 more answers
How to archive older page on wayback archivemachine?
77julia77 [94]
I believe you have to search a URL of a website on the wayback machine search bar.

Then, you can browse the past-present years of how that website used to look like.

Hope this helps.
7 0
3 years ago
Other questions:
  • According to the rule of 72, if the GDP of the Apex Federation is growing at 1.7% per year, its economy will double in approxima
    6·1 answer
  • Economists argue that:_______.
    13·1 answer
  • Should underperforming restaurants be closed or sold?
    10·1 answer
  • Suppose a family-owned yogurt shop has $80,000 in total revenues, $36,000 in rent, and $20,000 in additional operating costs. Th
    6·1 answer
  • Which of the following is an example of an open college?
    14·1 answer
  • Which describes a type of tax that people pay on money they earn?
    5·2 answers
  • Johnson Goods, a U.S. company is exporting to Watanabe Trading, a Japanese importer. The two parties agree on a draft, but Johns
    11·1 answer
  • Gutierrez Company reported net income of $196,100 for 2020. Gutierrez also reported depreciation expense of $47,400 and a loss o
    13·1 answer
  • Select the examples of Energy workplaces. mines, power plants, refineries, schools, trains, warehouses, stores, offices.
    9·2 answers
  • How often should you update you check register
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!